Passed over by Future Group in favour of Reliance Retail, the e-commerce giant comes face to face with the perils of doing business in India.
Doing business in India is not for the faint of heart. And, for a foreign company, it’s that much tougher. In fact, over the years, a clear pattern seems to have emerged of foreign firms claiming to have been hard done by.
Take, for instance, when British telecoms company Vodafone Group Plc got hauled up by the government of India over non-payment of Rs 20,000 crore in retrospective taxes and penalties. Beyond the immediate uproar it seemed like a case of a vengeful institution out to extract some dollars. But there were some who believed there was merit in hanging …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai