What is Walden Internationals strategy for India?
Walden is refocusing on India after almost a hiatus of four years. Historically our investment thesis has only been cross-border IT services. Our portfolio companies were MindTree, Sierra Atlantic, etc. There was nothing which was linked to a domestic consumption play. Given what has happened with India in the last 6-7 years there is an awakening within the Walden system that India offers a big opportunity linked to domestic consumption apart from the core cross-border IT services and technologies that emerge. Obviously there is also a theory that India could emerge as a manufacturing hub in the future. Given the long standing experience that we had in China and the US, the parameters for what you believe are inflexion point and the next 6-8 years India’s going to see a different level of growth is what has prompted chairman Lip-Bu Tan to make renewed focus back on India. Q. Why the four year gap? In the gap years, the deals were being looked at from the Singapore office. Walden’s grea
