Why India?

India has become a global powerhouse for software development and outsourced services. The combination of several factors, make India an attractive country for foreign investors and in particular for a foreign investment for internet based businesses. India is the 5th largest economy in the world-ranking above France, Italy, the United Kingdom, and Russia, and has the 3rd largest GDP in the entire continent of Asia. It is also the 2nd largest among emerging nations, based on Purchasing Power Parity (PPP). Based on income levels and recent societal changes, there is an estimated market of 50 million consumers for "upper class" high value products and services. Add to this, another 300 million as "middle class consumers" by the PPP factor.

India's position between the Arabian Sea and the Bay of Bengal makes it the crossroads for access between Africa, the Middle East, and the rest of Asia. India's large market, growing economy and progressive government initiatives to foster IT and telecommunications growth, and significant access to global networks, makes it ripe for continued growth and represents an excellent risk reward profile for internet businesses.

Mumbai in particular is the largest urban center in India, it is at the heart of Indian commerce and the seat of its largest corporations-the Bombay Stock Exchange, and “Bollywood", the massive Indian film industry. Mumbai offers one of the most robust telecommunications infrastructures within the country and has ample access to a variety of worldwide and regional submarine fiber optic cable systems. In addition, Mumbai has a large presence of multinational companies such as- Kodak, Heinz, Monsanto, Warner Bros, FedEx, Bank of America, Bankers Trust, Parke Davis, Intel, JP Morgan Chase, Kellogg, Pfizer, Procter & Gamble, AIG, Exxon-Mobil, Delta, Siemens, Roche, Bayer, BASF, Philips, BP and many more.