When is the talk going to translate into real investors?
Investments are really determined on individual merit, and if the opportunities are good, there’s nothing today to hold back investment. You can put a lot of capital to very bad use. Why hasn’t money trickled down? Perhaps there haven’t been enough opportunities for investments. It’s not just a matter of investing. You also have to have the entrepreneurs who set up viable, long-term businessess, and a lot of entrepreneurs in India in the last 6 to 12 months have set up dot-coms. The question is: Does India need dot-coms? If you were to ask me that question, it’s no, India does not need dot-coms, India needs infrastructure. If there are really viable, good projects in the infrastructure field, will we invest? Absolutely. I myself put a large sum of money in one company, and I will make the announcement in a couple of weeks. Q: Tell me about your new investment. A: It’s a pure telecom-infrastructure play [that] will really affect telecom in this country. It’ll do for voice mail what Hotm
