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WRITERSVIEW

A pragmatic Writer with diverse interests.
Articles Posted: 11  Links Seeded: 14
Member Since: 8/2010  Last Seen: 3/14/2012

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Indian Billionaire Ajay Piramal Sitting on a Mountain of Cash Yet Struggling on What To Do with Money

Seeded on Wed Dec 28, 2011 3:24 AM EST
Read ArticleArticle Source: Yahoo!
business, india, corruption, finance, wealth, graft, transparency, iron-ore-mining-industry-hellip-billionaire
Seeded by Writersview
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His dilemma is a worrying sign for India. With the country mired in corruption, bureaucratic red tape and unclear and changing government policies, many of the men who made their billions here are saying maybe it's time to quit India. It's got to be easier to do business elsewhere.

The problem isn't opportunity, he said. It's India.

"Every large investment, there was no transparency," Piramal said.

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Writersview

If only his cash be given to victims of natural calamities, particularly in Cagayan De Oro City and Iligan City, Philippines, he may earn more peace of mind and where to bring these huge amount of money will no longer be a problem.

    Reply#1 - Wed Dec 28, 2011 3:27 AM EST
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