Ajay Piramal, Indian tycoon, has tons of cash but nowhere to invest

[Sehwag1830]

"If you are an honest businessman in India, it's very difficult to start up anything," said Jamshyd Godrej, chairman of manufacturing giant Godrej & Boyce. "Companies are going to operate where they see the best opportunities and efficiency for their capital." Increasingly, that's outside India. In 2008, foreigners poured roughly twice as much direct investment into India -- $33 billion -- as Indians plowed into businesses overseas. By 2010, that had reversed: Indians invested $40 billion abroad twice as much as foreigners invested in India a trend that's continued this year. http://timesofindia.indiatimes.com/business/india-business/Ajay-Piramal-Indian-tycoon-has-tons-of-cash-but-nowhere-to-invest/articleshow/11269344.cms?intenttarget=no

[1983-2011]

may be he can just give me interest free loan if he doesnt wanna invest, I'll pay him back I promise

[Anonymous]

Just read it somewhere else. Absolute travesty this.