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Th e Sou t h As ian Time s .

in f o
Vol. 3 | No.49 | Mar ch 26- Ap r il 1, 2011 | 60 Ce n t s
Th e Sou t h As ian Times
ICC Wor ld Cu p 35 Hu mor 36 Sp ir it u al Awar en es s 38 As t r ology 37
NEW YORK EDITION
Excellen ce In Jou r n alis m
Indias future lies
in naval power:
Parag Khanna
HIC Special,
Page 30
Guyanese Indians
in Queens celebrate
Phagwah
Tristate Community,
Page 5
Harvard taught
me the value of
Soft Power
HIC Special,
Page 26
Splendor of India
at Maximum
India fest in DC
National Community,
Page 6
Indias rich keen to
give back to society:
Buffet, Gates
New Delhi: Indias rich, with
at least 50 dollar-billionaires, are
more than willing to give back to
the society in philanthropy, Mi-
crosoft co-founder Bill Gates and
legendary investor Warren Buffett
said here Thursday.
Having endowed around $60 bil-
lion between them, Gates and Buf-
fett said there is considerable enthu-
siasm among the rich and the famous
New Delhi: In a replay of cricket
diplomacy that could help resume
their stalled peace process, Prime
Minister Manmohan Singh Friday
invited Pakistani leaders Asif Ali
Zardari and Yusuf
Raza Gilani to see the
India-Pakistan World
Cup semi-fnal at Mo-
hali March 30 -- the frst
cricket clash between
them after the 2008
Mumbai terror attack.
India is also offering
5,000 visas to Pakistani
fans to watch the match
at the Mohali stadium.
In a statement, Zard-
ari welcomed the invite,
but noted that the fnal
decision will be taken after the Paki-
stani prime minister returns from his
offcialvisit to Uzbekistan Sunday.
It gives me great pleasure to in-
vite you to visit Mohali (in Punjab)
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BC ilan_ing 10x2inch.pdf 1 03.03.2011 14:39
Manmohan invites Zardari,
Gilani for cricket -- and peace
Dream semi-final match between India and Pakistan on March 30.
Yuvraj Singh lets out a war cry during Indias
quarterfnal win against Australia.
Pakistan captain Shahid Afridi
during the quarter fnal match they
won against West Indies.
Indians they met here to share their
wealth with the less fortunate.
There were 70 people and
without exception it was clear that
there was plenty of enthusiasm,
plenty of interest, Buffet said at a
joint press conference with Gates,
and Wipro chief Azim Premji, after
an exclusive dinner to woo people
towards philanthropy.
Buffet, Gates continued on page 4
Warren Buffet and Bill gates
Revelers celebrate Holi on the deck of the ship Peking at South Street
Seaport in Manhattan, NY. The festival of color was celebrated in the Tristate
area, elsewhere in the US, and of course, with great enthusiasm in India.
Elizabeth Taylor
(1932-2011)
She was an esteemed actress, an un-
paralleled beauty, a much in demand
wife (married eight times), and an
AIDS activist. Elizabeth Taylor died
Wednesday at the age of 79 after a
long battle with congestive heart
failure. Often referred to as Liz
Taylor, she was an English-born
American actress.
E. Taylor continued on page 4
Quintessential Hollywood beauty
and join me and millions of fans
from our two countries to watch the
match, Manmohan Singh wrote in
identical letters to both Pakistani
leaders, delivered through the Paki-
stan High Commission.
Manmohan invites
continued on page 4
Tristate Community 3
TheSouthAsianTimes.info March 26-April 1, 2011
Goldman chief alleges
Rajat Gupta violated
confidentiality code
White Robe ceremony held for Xavier medical students
New York: Goldman Sachs' former
Indian-American director violated the
firm's code of conduct by allegedly
disclosing details from a 2008 board
meeting to hedge fund tycoon Raj
Rajaratnam , the company CEO
Lloyd Blankfein has testified. Gupta
has denied wrongdoing, and has not
been charged criminally. So far, he
has only been named in an adminis-
trative civil proceeding by the US
regulator Securities and Exchange
Commission (SEC).
Testifying before a New York court
Wednesday in the biggest insider
trading trial in the US in decades,
Blankfein said Gupta violated the
firm's confidentiality in discussing
the possibility that it might acquire a
a commercial bank like Wachovia or
an insurance company like AIG.
A prosecutor played for Blankfein a
recording of a July 29, 2008 phone
conversation-secretly recorded by the
FBI-in which Gupta tells Sri Lankan
born Galleon hedge fund founder Ra-
jaratnam that the Goldman board had
discussed such a possibility.
"Did Rajat Gupta violate Goldman
Sachs' confidentiality policy?" he
asked, referring to the conversation.
"Uh, uh, yes," Blankfein replied.
"We didn't want information about
our company going outside until the
appropriate time."
But lead defence attorney John
Dowd noted on cross-examination
that there had been considerable pub-
lic speculation earlier in 2008 about
investment banks merging with com-
mercial banks or insurance compa-
nies. Blankfein said there is a differ-
ence between speculation and confi-
dential board discussions. Specula-
tion is people trying to guess what a
company is going to do. The board
knows what the company is going to
do," he said.
New York: The Xavier University School of
Medicine (XUSOM), Aruba, celebrated
Thursday its 20th White Coat Ceremony at St
Francis Hospitals DeMetteis Center for Car-
diac Research and Education in Greenvale,
NY. In medical education the White Coat, the
attire physicians have worn for hundreds of
years, symbolizes a rite of passage from the
pre-clinical sciences portion of a students ed-
ucation to the clinical sciences and patient in-
teraction. Each student was called to the stage
and was formally cloaked in a White Coat
by former practicing physicians, Dr. Ben-
jamin Stalnaker, Vice President of Academic
Affairs, and Dr. Manuel Flores, Dean of Clin-
ical Sciences at Xavier University School of
Medicine.
In attendance were Dr. J.G. Bhat, Chancel-
lor of XUSOM, Ravishankar Bhooplapur,
President of XUSOM, Kamlesh Mehta and
G.S. Narula, both members of the Board of
Directors of the school. Many proud friends
and families of the recipients also joined in to
celebrate this great accomplishment. The
White Coat Ceremony is celebrated following
each 5th semester by XUSOM. Xavier Uni-
versity School of Medicine
Dr. Cheryl Carrao, Clinical Chair of the De-
partment of Family Practice and Director of
Medical Education at Long Beach Medical
Center, addressed the eager, young students
on compassion for and the dignity of patients.
Special recognition was given to Valedictori-
an, Brianna Da Silva, for her outstanding per-
formance in her pre-clinical work. The hon-
ored recipients were:
Nebiyu Abiy
Talha Ahmed
Hassa Al-Khalisy
Nirav Badhiwala
Reem Barakzai
Briannada Silva
Kamal Deol
Chineze Efobi
Vikash Gupta
Michael Merced
Shimoni Modi
Mayan Patel
The Xavier University School of Medicine
at Aruba was founded to train students using
a US based curriculum, with a program that
enables students to successfully enter resi-
dencies in the United States as competent
physicians. XUSOM's campus is convenient-
ly located on one of the most accessible
Caribbean Islands-Aruba.
The school guarantees clinical rotations in
the US. MCAT is not required for admission.
XUSOM was chartered in the Caribbean in
December 2004 by the Ministry of Education
of Aruba.
The medical school is now directed by a
group of premier doctors from the US, each of
them experts in their specialties.
Mangano submits revised financial
plan with no property tax increase
Chatwal ties
with Wyndham
for hotels in
India
Mineola, N.Y: Nassau County Exec-
utive Edward P. Mangano submitted
a revised financial plan for Fiscal
Year 2011 that protect homeowners
and employers from a 21.5% proper-
ty tax increase. The plan includes re-
ductions through layoffs, the elimi-
nation of vacant positions, furloughs
and by freezing wages and longevity
pay.
Since the last thing Nassau fami-
lies need in these tough economic
times is a double-digit property tax
increase, I have cut government
spending, said County Executive
Mangano. This first round of cuts
will affect every area of the County
and the services we provide. Coun-
ty Executive Manganos revised fi-
nancial plan contains $181.9 million
in solutions, including:
$60.5 million in employee-related
spending reductions, including: $50
million in savings from 213 layoffs,
elimination of 307 vacant positions,
implementation of a 13 day furlough
for County personnel and the reduc-
tion of seasonal and part-time em-
ployees; and $10.5 million in savings
by calling on NIFA to freeze em-
ployee wages and longevity pay.
$44.7 million in across the board
budget cuts, including: $17.7 million
from the reduction of contractual ex-
penses; $15 million from the restruc-
turing of the police department, in-
cluding the redeployment of 142
sworn officers and as many as 41
civilian posts to optimize the force
and alleviate overtime requirements;
$4.5 million from ending the Coun-
tys relationship with the MTA to run
Long Island Bus service; $4.5 mil-
lion from the privatization of inmate
healthcare; and $3 million from the
reduction of overtime at the Nassau
County Correctional Center. Our
union leaders still have time to offer
voluntary concessions that save their
colleagues jobs, said County Exec-
utive Ed Mangano. The severity of
these actions could be lessened if
concessions are offered and an agree-
ment is reached with our unions.
New York: Indian American hote-
lier Sant Chatwal plans to set up 50
new hotels in India in five years as
part of a major expansion into
South Asia in partnership with
Wyndham Hotel Group.
"India has just 100,000 hotel
rooms at present. It can easily seek
100,000 more," said Chatwal at a
media event here Wednesday noting
that there was potential for at least
another 100 hotels. The hotelier
whose New York headquartered
Chatwal Hotels & Resorts currently
runs two hotels in India has already
tied up nine sites for the planned In-
dia expansion starting with a 200
room hotel in Jaipur.
There are lots of tourist spots in
India like Jaipur, Jodhpur, Udaipur
and Varanasi but lack of quality ho-
tels prevented realization of their
full potential, Chatwal said.
From left) Board Member Kamlesh Mehta, Dr William Liu (Visiting Faculty), Dr Ben
Stalnaker VP, Dr Cheryl Curao, Ravishankar Bhooplapur President Xavier, Dr JG Bhat
Chancellor of Xavier, Board Member GS Narula and Dr Sabogal S (Visiting Faculty).
XUSOM directors and officials with students at the White Robe ceremony, which is a rite
of passage for the medical student to the clinical sciences and patient interaction.
Photos: Xitij Joshi.
Priyam Patel
Gregory Perez
Tamira Pillay
Naveen Sami
Suni lShingala
Sumeet Singh
Matthew Snowden
Yash Srivastava
Abdul Waheed
Janelle Yee
Jenny Zhu
Sophia Zia
4 Community
March 26-April 1, 2011 TheSouthAsianTimes.info
E. Taylor continued from page 1
Beginning as a child star, the two-time
winner of Best Actress Oscar (for Butterfield
8 in 1960, and Whos Afraid of Virginia
Woolf? in 1966) is considered one of the
great divas of Hollywoods Golden Age. In
1960, Taylor became the highest paid actress
for signing a one million dollar contract for
her Cleopatra role. During its filming, she
started her romance with Richard Burton
(who played Mark Antony), whom she went
on to marry twice (19641974, 19751976).
Manmohan invites continued
from page 1
Manmohan Singh said he and his wife
Gursharan Kaur will also be at the match
venue.Billed as the game of the 2011 World
Cup, bitter rivals and cricket-mad nations
India and Pakistan will fight March 30 for a
place in the final. On the way to their semi-
final, India beat Australia and Pakistan beat
West Indies
Buffet, Gates continued from page 1
We met a number of first class people
tonight. There was a level of candor, a level
of participation that was dramatic, the
Berkshire Hathway CEO told the 150-odd
journalists clamoring to get a sound byte.
While Gates, along with his wife Melinda
arrived here from Bihar, where they
reviewed the progress of their non-profit
foundations health initiatives, their mentor
Buffett, on his maiden visit to India, landed
from Bangalore after a series of meetings.
Among Buffets engagements are meetings
with Prime Minister Manmohan Singh and
some of his cabinet colleagues, apart from
addressing policy holders of insurance
schemes launched by the $60-billion finan-
cial services firm Berkshire Hathway.
Their visit, has one common thread:
Getting Indias rich to pledge a decent por-
tion of their wealth toward philanthropy on
the lines of what they have themselves done.
Libaas Xclusif
249-12,Hillside avenue,Bellerose,NY-11426
(Next to Dipali, Ph: 631-873-8298)
On March 13, 2011 A.I.A. President Sushma Kotahwala inaugurated a Jain Art Exhibition by a solo
artist from Chicago and encouraged children who participated in Tie and Dye Art Exhibition on
"Live and let Live" in Jain Center of America(JCA) on Ithaca Street, NY. Seen in the photo:
Kalpana Gandhi, President of Jain Center of America honoring Sushama Kotahwala.
Group of friends of Hemant Shah celebrating him receiving the Businessman of the Year award.
Tristate Community 5
TheSouthAsianTimes.info March 26-April 1, 2011
Richmond Hill, Queens: Every
year, the Indian Caribbean com-
munity in Richmond Hill,
Queens, celebrates Phagwah,
welcoming spring with music,
chaos and color.
The 125th Street on Sunday
erupted with music and color, as
thousands of people streamed by.
Thousands of Indian-Americans
live in the neighborhood, most
trace their family histories to
Trinidad or Guyana, where
Phagwah (PAHG-wah) is a
national holiday as much as a religious
one.
In Queens the celebration has become a
glittering pageant of Indo-Caribbean iden-
tity, with drum groups; floats sponsored
by restaurants, radio stations and temples;
and the annual crowning of Miss
Phagwah. Sunday, after observant Hindus
went to temple, the community converged
on the parade down Liberty Avenue and
the after-party in Phil Rizzuto Park, where
the pounding from dholak drums mixed
with bhangra, reggaetn and calypso
music.
Phagwah commemorates the escape of
the prince Prahlada from the burning lap
of the demoness Holika.
Guyanese Indians celebrate
Phagwah in Queens with fanfare
Edison: On Friday March 18, 2011,
at the TV ASIA studios in Edison,
over 400 individuals representing
dozens of community, business, and
neighborhood organizations gath-
ered in support of Edison Council
Candidate Mahesh Bhagia. Also in
attendance were elected officials
from the Middlesex County Demo-
cratic Organization and Edison Dem-
ocratic Organization. Freeholder
James Polos introduced Mr. Bhagia to a roaring
crowd and thunderous applause. Here is a
man who we have a moral duty to support said
Freeholder Polos. This is the first time in a
long time that Edisons Indo-American Com-
munity is so excited and united behind a candi-
date, said Harish Verma, a Edison Committee-
man, Zoning Board member and President of
the Village Point Association. The party com-
mittee is set to vote on Tuesday to determine
which candidates will get the Democrat Party
line in a contested primary election.
The Edison Democrats should give
Mr. Bhagia the line, said veteran
political strategist Prabhu Patel. But
if they dont Mr. Bhagia will still be
a formidable force in June and No-
vember, he added. The primary
election will be held in June and the
general election in November.
Mr. Bhagia, who runs a major For-
tune 500 IT firm, and his wife Bhavi
Bhagia, a dentist, were flanked by a diverse
group of party leaders, community leaders, and
neighborhood organizers. Hundreds signed up
to be volunteers for the campaign. Mac has my
full support. I look forward to walking door to
door with him throughout my district in South
Edison, said Joe Romano, also a Democrat
Committeeman. His plan makes sense, it is
well thought out and shows his grasp of poli-
cy,added longtime Edison resident Jyoti
Gurnani.
Community rallies behind
Mahesh Bhagia
Indians in NJ revel in Holi festivity
The festival of
colors was
celebrated with
fanfare at the
Dwarkadhish
Temple in Parlin,
New Jersey.
Thousands assem-
bled to revel in
the fun despite
the prolonged
winter chill.
SATimes captures
the mood
Photos: Gunjesh Desai/Masalajunction.com
Mahesh Bhagia
is Edison Council
candidate
6 Maximum India
March 26-April 1, 2011 TheSouthAsianTimes.info
A scene from The Ticket to India musical (Photo: Geeta Goindi on Facebook)
Ambassador Meera Shankar speaking at the gala opening
(Photo: Margot Schulman)
An extravagant piece from Jaipur's Gem
Palace, India's renowned producer of
hand-made jewelry. From the exhibition:
Treasures of the Gem Palace. (Photo:
Geeta Goindi on Facebook)
Gulabo Sapera & Party performing
(Photo: Margot Schulman)
Dance drama Shakunthalam by
Natyalakshana group (Photo: Carol Pratt)
Tanusree Shankar Dance Company performing
(Photo: Carol Pratt)
Odissi Vision & Movement Centre performing
(Photo Credit Carol Pratt)
Kerala Kalamandalam Kathakali Troupe
(Photo: Margot Schulman)
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...ond much more.


The Kennedy Center in
Washington, DC was
host to Maximum
India, an unprece-
dented celebration of
Indian arts and cul-
ture that included per-
formances in music,
dance, and theater, as
well as
exhibitions featuring
contemporary visual
art and the finest
textiles, pottery, jew-
els, cuisine, and more
from March 1-20,
2011. SATimes brings
you some glimpses
Splendor of India
India Newswire 7
TheSouthAsianTimes.info March 26-April 1, 2011
Buffett to invest more in India
Bangalore: Warren Buffett, the world's third
richest billionaire, said India is a country on the
move and he will look at acquisitions when
opportunities come up.
During a meeting with Karnataka Chief
Minister B.S. Yeddyurappa and later at a meet-
ing organised by the Confederation of Indian
Industry (CII), Buffett expressed readiness to do
business in India and hailed the state for attract-
ing global investments.
"I look forward to doing more business in
India. I came here with enough knowledge of
the Indian economy and that has been rein-
forced," Buffett said at an interactive session
with Yeddyurappa and top officials.
Lauding the state government for doing the
right thing to attract global investors, Buffett
said he made the right decision to first land in
Bangalore on his maiden trip to India and was
delighted to be in this tech hub.
"You are doing the right thing. I couldn't feel
more delighted to be here. This is my first trip to
India and I first landed on Bangalore soil. I think
I made the right decision. I could not feel more
welcome and people are wonderful," Buffett
said. The Berkshire Hathway chief executive
said in lighter vein that he would revisit India
and Bangalore in 2030 when he would turn 100
years. He hastened to add he would like to come
much earlier. Buffett said he was overwhelmed
by the welcome he received from the moment
he landed Tuesday evening. "They treated me
much better in India than they do in the United
States and I am touched by the Indian hospitali-
ty," Buffett told the chief minister.
Inviting Buffett to be the chief guest of the
next Global Investors' Meet the state govern-
ment would hold in June 2012, Yeddyurappa
urged the billionaire to explore investment
opportunities in Karnataka.
Referring to his philanthropic activities,
Buffett said he would talk to Indian billionaires
on what he was doing in the area and how to
give back more to society.
"We are not here to pressurise anybody.
Everybody has his own understanding of philan-
thropy. I will be talking to Indian billionaires
about our philanthropic activities and find out
what they are doing," Buffett pointed out. Asked
on his advice to young entrepreneurs in India,
Buffett said: "The best investment one can do is
to invest in yourself. The more you understand
yourself, the better is your judgment."
Patna: Software billionaire
Bill Gates and his wife
Melinda who co-chair their
international philanthropic
Bill and Melinda Gates
Foundation arrived here to
meet Bihar Chief Minister
Nitish Kumar, policy mak-
ers, NGOs and community
leaders and interacted with
villagers.
Soon after arrival, Bill and
Melinda visited Jamsaut and
Sabjpura villages in the
Danapur sub-division near
Patna. Talking to newsper-
sons after meeting villagers,
Bill Gates said he was here
to know how the health proj-
ects funded by his founda-
tion were working for peo-
ple.
"I am here to know about
how far health projects fund-
ed by the foundation in part-
nership with the Bihar gov-
ernment are working to
reduce infant and maternal
mortality. Besides, (the
progress in) institutional
delivery and immunization,"
Bill Gates said.
"Along with their delega-
tion, they met local villagers
and interacted with them to
understand their problems,"
a district official who accom-
panied them said.
Bill Gates also visited
Sabjpura-based Cereal
Systems Initiatives for South
Asia(CSISA), which aims to
help millions of Indian farm-
ers substantially boost crop
yield and their income with-
in 10 years. "They spent
nearly an hour at CSISA to
see and understand the proj-
ect," the official said.
They met community
health workers and state offi-
cials to see first-hand the
launch of a five-year, $80
million grant made in part-
nership with the state gov-
ernment.
Last May, Bill Gates and
his wife visited poverty-
stricken Gularia village in
Khagaria district and
Tertariya village in Banka
district of the state.
Bill Gates, Melinda
visit Bihar
New Delhi: The political rift in parliament
widened with the opposition launching a
stinging attack on Manmohan Singh for cit-
ing the 2009 electoral victory to defend alle-
gations that the Congress bought MPs to win
the 2008 trust vote and the prime minister
reiterating that his government was not
involved in any "illegal act."
Congress leaders in the two houses of
Parliament mounted a counter-attack on the
opposition Bharatiya Janata Party (BJP) and
accused it of staging a drama during the
2008 trust vote to destabalise the govern-
ment.
An unusually combative Manmohan Singh
castigated the opposition and rejected the
"wild" charges of bribery after the Left and
the BJP attacked him for his not-guilty state-
ment in the US diplomatic cables leaked by
WikiLeaks and published by The Hindu
newspaper. The prime minister had in his
March 18 statement refuted the charges
made in the "speculative, unverified and
unverifiable" diplomatic communications
and said the people had rejected the bribery
allegations by returning his government to
power in the 2009 elections.
"I am convinced that taking the report as a
whole, this is a correct inference, "
Manmohan Singh said in reply to a heated
debate in the Lok Sabha. He made an identi-
cal statement in the Rajya Sabha.
He said he was leaving "it to the good
sense of this house to decide whether the
report of the committee in any way substan-
tiates the wild allegations".
Amid thumping of desks by MP's of the
Congress and alliance partners, an animated
prime minister, with a smile on his face, said
it was "not for the first time" he was facing
the wrath of the opposition. "I have had to
go through that as finance minister and as
prime minister. The main opposition, right
from 2004, adopted the attitude that we are a
usurper."
Manmohan Singh also took a dig at his
known bitter critic, veteran Bharatiya Janata
Party leader L.K. Advani who often accuses
him of being the weakest prime minister.
"Advaniji believes that prime ministership
is his birthright. He has not forgiven me. All
I can say to Advaniji is that the people of
India have voted us to power in free and fair
elections. Please wait for another three-and-
a-half years." Advani merely smiled.
The prime minister' s pointed reaction
came after the BJP and the Left parties
attacked him for his not-guilty statement
made on March 18 following the WikiLeaks
expose and accused him of concealing facts.
Leader of Opposition Sushma Swaraj, cit-
ing the 1984 anti-Sikh riots and the 2002
sectarian violence in Gujarat, said
Manmohan Singh was rewriting criminal
jurisprudence by bringing in the electoral
victory to defend his government.
Manmohan refutes
charges of buying MPs
The Indian Prime Minister
Manmohan Singh.
Microsoft founder Bill Gates looks on as his wife Melinda
holds a toddler during their visit to a village in Patna, Bihar.
Berkshire Hathway Chairman and CEO,
Warren E Buffett (centre), Infosys CEO S.
Gopalakrishnan (left) and IMC Group
chairman Eitan Wertheimer at a CII
interaction session in Bangalore.
The India Conference 2011, organized jointly by
the students of Harvard Business School and the
Harvard Kennedy School of Government in Bos-
ton, will bring together leaders of Indian business
and civil society, students eager to learn about the
nuances of Indias march towards prosperity, and
professionals who see much potential in Indias
growing economy and vibrant democracy. Key-
notes, panel discussions and the newly introduced
India Watch speaker series will explore Indias
expanding role in todays global economy.
This years theme March of a Billion Aspira-
tions aims to capture the dreams and aspirations
of a billion Indians, both within its borders and
around the world. It encapsulates the excitement
of a new economic future and represents the spirit
of nimble creativity that is fostered by a billion
minds, while celebrating the power of working
together as one. However, most importantly, it
calls out to each individual to join the billion and
make it a billion plus one. The India Conference
is not an end in itself but aims to foster an ongoing
dialogue beyond the conference on the way for-
ward for India and how students and professionals
By Anil Mulchandani
from all across the United States can get in-
volved and support Indias growth story.
Harvard India Conference is the one of
the largest student conferences on India in
the US. It has been organized every year for
the past 8 years. Subrata Roy Sahara, Chair-
man of the Sahara Group of companies, will
give a keynote speech on Indias changing
business landscape and how Sahara and
other leading frms are adapting swiftly.
Ajay Banga, CEO of MasterCard, and
Vishal Bali, CEO of Fortis Global Health-
care, will share their thoughts on the role of
information technology in delivering fruits
of Indias growth story to every Indian.
Various other thought leaders will also
present and discuss their views on a range
of topics. A panel on US-India relations
will discuss what Version 3.0 of the
relationship holds for young Americans
and Indians. The green-energy panel will
discuss potential future strategies for
meeting Indias growing power deficit.
A unique panel on management educa-
tion will discuss the need for training and
inspiring Indias future leaders in a global
context. This year, Harvard India Confer-
ence will include various new formats to
carry the conversation forward. The CEO
forum is expected to be a popular event,
especially among seeding entrepreneurs
and professionals, where various business
leaders will have a candid and open con-
versation about doing business in India.
Another much-awaited format is I-watch
where speakers will give quick 15-minute
riveting glimpses about the various facets
of India and Indian organizations. Finally
the Networking Lunch will provide a more
informal setting for one-on-one conversa-
tions amongst guests and attendees.
The Harvard India Conference is not
an end in itself but it aims to foster an
ongoing dialogue on the way forward for
India and how students and professionals
from all across the US can get involved
and support Indias growth story. Vari-
ous smaller talks, lunches and research
platforms are planned. In addition, a
coordination team is being organised to
better link up Indian organizations with
students and professionals in the US.
The India Conference, jointly or-
ganized this weekend by the stu-
dents of Harvard Business School
and the Harvard Kennedy School
of Government, will explore In-
dias expanding role in todays
global economy. Keynote speak-
ers include Subrata Roy Sahara,
Chairman of the Sahara Group,
Ajay Banga, CEO of MasterCard,
and Adesh Pratap Singh Kairon,
Cabinet Minister, Punjab.
Keynotes and panels
Program
March of a Billion Aspirations
The South Asian Times,
Print Media Partner,
presents a 24-page pullout
to coincide with the
conference.
Engage: A platform for leaders from business,
government and non-profit to engage in dialogue
Educate: A forum of learning for young
professionals from around the world about India
Elevate: Bring to forefront key issues
facing India and ways to counter them.
The Vision
The Panels
CEO Forum
Education
Entrepreneurship
Media & Entertainment
Retailing
Investing in India
Green Energy
Infrastructure
Healthcare
9
The Program
Saturday 26th March: Day 1

03:00pm 03:30pm Registration & Snacks HKS Foyer
03:30pm 04:05pm Opening Remarks: Adesh Pratap Singh Kairon HKS Auditorium
04:15pm 04:55pm Keynote: Tarun Khanna HKS Auditorium
05:00pm 06:10pm India-US Relations: Outlook for the next decade HKS Auditorium
06:20pm 07:00pm Closing Keynote: Lant Pritchett HKS Auditorium
07:00pm Close of Day One HKS Auditorium


Sunday 27th March: Day 2

08:00am 09:00am Registration Burden
09:00am 09:50am Keynote: Dean Nohria in conversation with Ajay Banga Burden
09:50am 10:00am Break
10:00am 11:00am Keynote Panel: Future of Management Education in India Burden
11:00am 11:15am Break
11:15am 12:30pm Infrastructure Social Enterprise Media & Ent. Green Energy Aldrich
12:30am 01:30pm Networking Lunch with Guest Speakers Aldrich
01:45pm 03:00pm Investing in India Entrepreneurship Healthcare Retail Aldrich
03:00pm 03:15pm Break
03:15pm 03:45pm India Watch: Anand Giridharadas-India Calling Burden
03:50pm 04:20pm India Watch: Dan Tennebaum-A foreigner's perspective on India Burden
04:20pm 04:30pm Break
04:30pm 05:45pm Keynote Panel: CEO Forum Burden
05:45pm 06:00pm Break
06:00pm 07:00pm Keynote: Subrata Roy, Chairman, Sahara Group Burden
07:00pm 07:15pm Closing Remarks Burden

Networking
Keynote
Panel
I-watch





Venue/Hall
Keynote Speakers
Adesh Pratap Singh Kairon
Cabinet Minister, Punjab
Government
A
desh Pratap Singh Kairon
is a cabinet minister from
Punjab, India. He is
presently holding the charge of
two ministries; food and civil sup-
plies as well as Information
Technology. He is elected member
of Punjab Legislative assembly for
the last 13 years and has also
served as minister for Excise and
Taxation in his previous tenure.
He is deeply involved in reforms
in grain procurement and process-
ing systems, Punjab being food
basket of India and biggest rice
processor in the world.
He is also helping Government
of India in Public Distribution
System reforms. With his vision,
food and civil supplies department
is now fully E- Governed.
At the same time, he is the force
behind setting up Common
Service Centers (CSCs) in villages
with active participation of local
rural youths, for empowering the
citizens through information dis-
semination and market linkages.
Mr. Kairon is an undergraduate
in Electronics and Communication
Engineering from Punjab
Engineering College Chandigarh
and an MBA from Kellogg School
of Management at Northwestern
University.
Tarun Khanna
Jorge Paulo Lemann Professor,
Harvard Business School
T
arun Khanna is the Jorge
Paulo Lemann Professor at
the Harvard Business
School, where he has studied and
worked with multinational and
indigenous companies and
investors in emerging markets
worldwide. He was named Harvard
University's Director of the South
Asia Initiative in the fall of 2010.
He currently teaches in Harvard's
executive education programs and
is Faculty Chair for HBS activities
in India.
His book, Billions of
Entrepreneurs: How China and
India are Reshaping Their Futures
and Yours, was published in
February 2008 by Harvard
Business Press (Penguin in South
Asia), and has been translated into
several languages. His most recent
co-authored book, Winning in
Emerging Markets: A Roadmap for
Strategy and Execution, was pub-
lished by Harvard Business Press
in March 2010.
Outside HBS, he serves on the
boards of the global power compa-
ny, AES Corporation, and India's
largest microfinance firm, SKS
Microfinance, along with several
others in the financial services,
energy, automotive, and life sci-
ences sectors, and actively invests
in and mentors startups in Asia. He
also serves on the advisory boards
of Parliamentary Research
Services, an NGO dedicated to
providing non-partisan research
input to India' s Members of
Parliament to enhance the quality
of democratic discourse and that of
Primary Source, a Boston-based
NGO dedicated to helping US
schools, from K-12 grades, adopt
curricular material reflecting glob-
al societies. In 2007, he was nomi-
nated to be a Young Global Leader
(under 40) by the World Economic
Forum. In 2009, he was elected a
Fellow of the Academy of
International Business.
Lant Pritchett
Professor of the Practice of
International Development
L
ant Pritchett is Professor of
the Practice of Economic
Development at the
Kennedy School of Government at
Harvard University (as of July 1,
2007). In addition he works as a
consultant to Google.org, is a non-
resident fellow of the Center for
Global Development, and is a sen-
ior fellow of BREAD. He is also
co-editor of the Journal of
Development Economics.
He graduated from Brigham
Young University in 1983 with a
B.S. in Economics and in 1988
from MIT with a PhD in
Economics. After finishing at MIT,
Lant joined the World Bank, where
he held a number of positions in
the Bank' s research complex
between 1988 and 1998, including
as an adviser to Lawrence
Summers when he was Vice
President 1991-1993. From 1998
to 2000 he worked in Indonesia. In
2004 he returned to the World
Bank and moved to India where he
worked until May 2007. In addi-
tion to economics journals his
work has appeared in specialized
journals in demography, education,
and health. In 2006 he published
his first solo authored book Let
Their People Come.
Ajay Banga
President & CEO, Mastercard
A
jay Banga is president and
chief executive officer of
MasterCard, as well as a
member of the board of directors.
Mr. Banga joined MasterCard as
president and chief operating offi-
cer in late August 2009. In April
2010, he was named president and
CEO, effective July 1, 2010.
Before joining MasterCard, Mr.
Banga served as chief executive
officer of Citigroups Asia-Pacific
Region. In that role, he was
responsible for all of the compa-
nys business lines in the region,
including institutional banking,
alternative investments, wealth
management, consumer banking,
and credit cards. He was also a
member of Citis senior leadership
and executive committees. Mr.
Banga currently serves on the
board of directors of Kraft Foods
and on the board of trustees of the
Asia Society. He is a member of
the Council on Foreign Relations
and The Economic Club of New
York, as well as a fellow of the
Foreign Policy Association. He is
also a member of The Financial
Services Roundtable and member
of the Business Roundtable, where
he chairs the Information and
Technology Initiative.
Mr. Banga has a keen interest in
social development issues. He pre-
viously served on the boards of
trustees of Enterprise Community
Partners and the National Urban
League and was vice chairman of
the board of trustees for the New
York Hall of Science. He was also
a director for the Council for
Economic Education. In addition,
from 2005 to mid-2009, he spear-
headed Citi's strategy in the micro-
finance sector around the world.
Mr. Banga received a B.A. in eco-
nomics from Delhi University
where he graduated with honors.
He is also an alumnus of the Indian
Institute of Management,
Ahmedabad.
Subrata Roy Sahara
Managing Worker & Chairman,
Sahara Group
S
ubrata Roy Sahara is the
chairman and Managing
Worker of the Sahara Group
of companies based in India.
Sahara India Pariwar is today the
largest first generation conglomer-
ate of India. The group is success-
fully diversified into the fields of
Finance, Real Estate, Media
Entertainment, Tourism
Hospitality, Services Trading and
Consumables. From an asset base
of USD 43 in 1978 when it was
founded, the group has today expo-
nentially grown to become a con-
glomerate with assets having a
Market Value of more than INR
2,15,000 crores (USD 50 billion).
He has over 32 years of experi-
ence in entrepreneurship and busi-
ness development and over 18
years of experience in the real
estate industry. His great vision
and entrepreneurial skills were dis-
played in various fields from time
to time. He has been conferred the
ITA TV Icon of the Year in 2007,
Global Leadership Award in 2004,
Businessmen of the Year Award in
2002, the Best Industrialist Award
in 2002, National Citizen Award in
2001, Karmaveer Samman in 1995,
Udyamshree in 1994, Baba-
ERozgar in 1992, Noble Citizen
Award in 1986 among several oth-
ers. He has successively featured in
the prestigious list of "50 Most
Powerful People of India" in the
reputed India Today Magazine in
2003. Mr. Sahara is a Mechanical
Engineer by training. He holds a
diploma in Mechanical
Engineering from Government
Technical Institute, Gorakhpur.
Anand Giridharadas
Writer and Columnist for New
York Times
A
nand Giridharadas is a
writer based in
C a m b r i d g e ,
Massachusetts.
His first book,
a work of nar-
rative nonfic-
tion about his
return to the
India that his
parents left,
was published
in early 2011. It is titled India
Calling: An Intimate Portrait of a
Nations Remaking.
He writes the Currents col-
umn for The New York Times and
its global edition, the International
Herald Tribune: it explores fresh
ideas, global culture and the social
meaning of technology, among
other subjects. Born in Cleveland,
Ohio, to parents from Bombay, he
has also resided in Paris and out-
side Washington, D.C., where his
family still lives. He studied the
history of political thought at the
University of Michigan, Ann
Arbor, and at St. Edmund Hall,
Oxford.
He appears now and again on
television and the radio in the
United States and internationally,
including on CNN and CBC
Radio, for both of which he serves
as an analyst. He has lectured at
Harvard, Brown, the University of
Michigan, the Sydney Opera
House, the United Nations, the
International Development
Research Centre, Google and the
Young Presidents Organization as
well as been a panelist and moder-
ator at conferences organized by
the Herald Tribune and the Asia
Society, among others.
Dan Tennebaum
MD, India Capital RA
D
an Tennebaum is
Managing Director of
India Capital RA in
Mu mb a i .
Since 1994,
the India
C a p i t a l
Fund has
i n v e s t e d
exclusively
in Indian
public equi-
ties with a long-term, fundamental
approach that has resulted in per-
formance substantially above the
benchmark index.
The fund has received multiple
industry recognitions, most recent-
ly by Bloomberg Markets as one of
the world's top performing mid-
sized hedge funds.
Dan has been active in Indian
business and finance since 1999.
He was previously a Principal at
The View Group, a venture capital
firm focused on the Indo-US corri-
dor.
Prior to View, he led business
development at India Life, which
was acquired by Hewitt Associates.
He began his career at the consult-
ing firm Bain & Company.
Dan holds an MBA from the
Harvard Business School and a BA
from Brown University.
India Watch
10
US India Relations:
Outlook for next decade
Shahana Basu Kanodia
Partner & Chair of the South
Asia Practice Group,
Edwards Angell Palmer &
Dodge LLP
S
hahana is a Partner in the
Business Law
Department and Chair of
the South Asia Practice Group
at Edwards Angell Palmer &
Dodge (EAPD).
Her practice areas include
general corporate matters with a
focus on cross border business
transactions, including mergers
and acquisitions, joint ventures,
private equity and other strate-
gic investments. Shahana serves
on the Executive Board of the
Yale Law School and is active
in the Yale-India Initiatives.
She is a member of the New
England Finance and Steering
Committee for President
Obama and accompanied
President Obama to India in
November 2010 as a delegate of
the Presidential Business
Executives Mission.
Shahana is a Charter Member
of The Indus Entrepreneurs and
a Founding Member and Co-
Chair of the TiE India Special
Interest Group in Boston.
Shahana graduated with a BA
(First Class Honors) in History
from Delhi University, a Tripos
in Social & Political Sciences
with First Class Honors from
Trinity College, Cambridge
University, a MA with First
Class Honors in Sociology from
the University of Chicago and a
JD from Yale Law School.
Manoj Singh
Global Managing Director,
Deloitte Operations
M
anoj Singh is current-
ly the Global
Managing Director
for Deloitte Operations.
Prior to this, he was the Asia
Pacific CEO of Deloitte Touche
Tohmatsu Limited. Manoj has
extensive management consult-
ing experience in the broad area
of Strategy and Operations.
He has advised many nation-
al and multinational companies
on mergers and acquisitions,
post merger integration and
shareholder value growth with a
specific focus on technology,
manufacturing and the energy
industry.
In his role as Global
Managing Director for
Operations, he is responsible
for coordinating and driving
Deloittes investments around
the world and ensuring that our
global business planning is
thorough and all inclusive.
In this role, Manoj also has
oversight and reporting respon-
sibility for the global functions
encompassing Finance,
Strategy, Technology, Human
Resources, Knowledge
Management and Legal.
He is a frequent speaker on
matters relating to Operational
Excellence. Manoj Singh is a
Certified Management
Consultant and has a BS in
Electrical Engineering from the
Indian Institute of Technology
and a MBA from Carnegie
Mellon University in the United
States.
Ranjana Khanna
(Moderator)Dy. Secretary
General,
FICCI USA
M
s. Ranjana Khanna, is
the Deputy Secretary
General for the
Federation of Indian Chambers
of Commerce and Industry
(FICCI). With over three decades
of distinguishes career with
extensive experience in both
Public and Private Sectors in
India and Internationally. Before
heading the FICCI office in the
US, she was Senior Director han-
dling Americas, Tourism, Civil
Aviation, Corporate
Communications and Special
Projects at FICCI headquarters in
New Delhi. Starting her career
with the State Trading
Corporation of India she holds
direct hands on international
marketing experience for a wide
range of products and projects,
both from India and heading their
international office. She joined
the India Tourism Development
and as Vice President headed
diverse top management func-
tions such as Marketing, Task
Force, Corporate
Communications, HRD,
Personnel and Industrial
Relations. She holds a Masters in
Physics, and an MBA with spe-
cialization in Marketing and
Finance.
Continued on page 12...
11
The Future of Management
Education in India
Investing in India
Nitin Nohria
Dean & Richard P. Chapman
Professor of Business
Administration, Harvard Business
School
N
itin Nohria became the tenth
dean of Harvard Business
School on 1 July 2010. He
previously served as co-chair of the
Leadership Initiative, Senior
Associate Dean of Faculty
Development, and Head of the
Organizational Behavior unit.
His intellectual interests center on
human motivation, leadership, cor-
porate transformation and accounta-
bility, and sustainable economic and
human performance. He is co-
author or co-editor of 16 books. His
most recent, Handbook of
Leadership Theory and Practice, is a
compendium dedicated to advanc-
ing research on leadership based on
a colloquium he organized during
HBSs centennial celebrations.
Prior to joining the Harvard
Business School faculty in July
1988, Dean Nohria received his
Ph.D. in Management from the
Sloan School of Management,
Massachusetts Institute of
Technology, and a B. Tech. in
Chemical Engineering from the
Indian Institute of Technology,
Bombay (which honored him as a
Distinguished Alumnus in 2007).
He and his wife live in the Boston
area with their two daughters.
Srikant Datar (Moderator)
Arthur Lowes Dickinson Professor
of Accounting, Harvard University
S
rikant M. Datar is the Arthur
Lowes Dickinson Professor of
Accounting at Harvard
University. A graduate with distinc-
tion from the University of Bombay,
he received gold medals upon grad-
uation from the Indian Institute of
Management, Ahmedabad, and the
Institute of Cost and Works
Accountants of India. A Chartered
Accountant, he holds two masters
degrees and a Ph.D. from Stanford
University.
Datar serves on the Board of
Directors of Novartis AG, ICF
International, KPIT Cummins Info
Systems Ltd., and Stryker
Corporation, and has worked with
many corporations on consulting
and field-based projects. He is a
member of the American
Accounting Association and the
Institute of Management
Accountants.
Sunil Kumar
Dean and Professor of Operations
Management, Chicago Booth
Business School
S
unil Kumar joined the
Chicago Booth faculty on
January 1, 2011, after spend-
ing 14 years on the faculty of the
Stanford University Graduate
School of Business where he was
the Fred H. Merrill Professor of
Operations, Information and
Technology.
Kumars research includes per-
formance evaluation and control of
manufacturing systems, service
operations, and communications
networks. In particular, he studies
systems affected by stochastic vari-
ability via mathematical models. He
also studies application of optimiza-
tion methods and control theory to
managerial problems.
Born in India, Kumar received a
Master of Engineering degree in
computer science and automation
from the Indian Institute of Science
in Bangalore and a Bachelor of
Engineering degree from Mangalore
University in Surathkal. He earned a
Ph.D. in electrical engineering from
the University of Illinois at Urbana-
Champaign.
Abhishek Jain
VP, The Blackstone Group
A
bhishek is a Vice
President for The
Blackstone Group. As
part of the investment team,
Abhishek helps manage over $1.5
billion in India-focused invest-
ments. Abhishek covers
banks/financials, power/energy &
infrastructure, oil & gas, logistics,
education, agriculture, and other
select mid-cap sectors and private
placement investments. He is also
involved with the team's fundrais-
ing and business development
activities. Prior to Blackstone,
Abhishek was an investment pro-
fessional at ICICI Venture Fund
Management, a private equity
firm with over $3 billion in assets
under management. At ICICI,
Abhishek worked with entrepre-
neurs and performed due dili-
gence on high-growth companies
in India including Banking and
technology companies. Abhishek
received his Bachelors degree
from University of Southern
California and his MBA from
Harvard Business School.
Abhishek is currently the Chair of
TiE Angels and a Charter Member
of TiE-Boston.
Abrar Hussain (Moderator)
Partner, Kirklan & Ellis LLP
A
brar Hussain is a corpo-
rate partner in Kirkland &
Ellis LLP's San Francisco
office and adjunct faculty at the
University of California, Berkeley
School of Law. His practice
focuses on assisting clients in
their cross-border transactional
needs in emerging markets, par-
ticularly in India and the Middle
East. He also has significant expe-
rience assisting investment funds
in their fund structuring and
emerging markets transactions.
Abrar's practice has consistently
been rated one of the top U.S. /
India cross-border practices and
he has represented some of the
world's largest multinationals and
investment funds in their emerg-
ing market transactions including
Apollo Management, Soros Fund
Management, the Carlyle Group,
New Enterprise Associates and
the Hinduja Group.
Brij Singh
Founder & CEO, Baer Capital
B
rij Raj Singh was born and
raised in India. He attend-
ed Mayo College in
Ajmer, and was later educated at
St. Stephens College at Delhi
University and the Amos Tuck
School of Business at Dartmouth
College. He has also attended the
Advanced Management
Program at the Harvard Business
School. Brij Raj Singh is current-
ly the founding Chief Executive
Officer at Baer Capital Partners
Ltd. He was the Chief Executive
Officer and Managing Director of
Julius Baer Middle East. Brij suc-
cessfully led Julius Baer to being
recognized as the Best Private
Bank in the region by Banker
Middle East. He was previously a
Managing Director at Merrill
Lynch.
Brij has also been the Chairman
of the Young Presidents
Organization (YPO) in the
Emirates besides being actively
involved with numerous other
organizations. He is also the
author of India Chalo (2008),
Wisdom Beyond Borders
(2006), both published by Harper
Collins, and Building Successful
Organizations A Directional
Approach (1996).
Other panelist
Dan Tennebaum
MD, India Capital RA
12
Continued from page 11
Kapil Sharma
General Manager, Tata Sons
Ltd., North America
K
apil Sharma currently
serves as General
Manager North
America for Tata Sons Ltd. He
recently returned to the Tata
Sons office from India, where
he served as the General
Manager for Tata Services, a
subsidiary of Tata Sons, based
in Mumbai, India. Sharma pri-
marily focuses on global brand-
ing and communications. He
also assisted the Tata group of
companies on various issues
such as innovation, climate
change, and business excel-
lence/ quality management.
Prior to joining Tata Sons,
Sharma was the Vice President
for Madison Government
Affairs, a boutique government
relations firm, representing
non-U.S. clients and U.S. pub-
lic entities before the U.S.
Congress, Administration, and
federal agencies. Sharma also
has extensive political and
grassroots experience, having
consulted on numerous federal,
state and local campaigns. He
has managed an e-newsletter
that provided daily coverage of
U.S. media on South Asia and
South Asian Americans. Prior
to leaving for India, Kapil
served on several community
advocacy and civil rights
organizations, as well as stu-
dent mentoring programs.
Sharma received his J.D. from
the Rutgers School of Law and
his B.A. from Rutgers College,
Rutgers University. He is a
member of the Maryland Bar
Association.
Pashupathy Shankar Gopalan
CEO, South Asia Operations and
Advanced Engineering, MEMC-
SunEdison
P
ashu is the CEO for Indian
Operations for MEMC and
SunEdison. In this capacity,
Pashu is responsible for building
SunEdisons solar energy services
business in India, SAARC, South
East Asian region and Australia.
He was a lead member of the
team that led the acquisition of
SunEdison by MEMC in 2009.
Previously Pashu was with
Cypress Semiconductor as their
Vice President for Strategic
Marketing and Corporate
Business Development in India.
Prior to Cypress, Pashu was the
Vice President for Sales,
Marketing and Business
Development at Bloom Energy,
an alternative energy company
funded by Kleiner Perkins and
New Enterprise Associates
amongst other investors. Pashu
helped shape Bloom Energys
market strategy and product defi-
nition in the distribute power gen-
eration market.
Pashu has a Bachelor in
Technology degree in
Metallurgical Engineering from
IT-BHU, an M.S in Materials
Science and Engineering from
Arizona State University and an
MBA from Stanford University.
Sam White (Moderator)
Co-Founder, Promethean Power
S
am has several years of for-
eign and domestic experi-
ence in business develop-
ment. He worked In Madrid for 5
years with the Institute of
Management Resources. Sam
directed Latin American business
development for the Boston divi-
sion of the Economist
Intelligence Unit (Economist
Group) and was the catalyst for
rapid growth and deployment of
new business models and tech-
nologies in his previous two start-
ups, GetConnected and
Smartleaf. Sam has used his rich
network of business contacts and
relationships in India to attack
deployment challenges by help-
ing Promethean Power seek
strategic partners, customers,
funding sources and publicity for
this exciting venture. Sam
received his BA from Union
College.
Dr. Rajeewa (Rajiv) Arya
CEO, Moserbaer Solar Ltd.
D
r. Rajeewa (Rajiv) Arya,
is presently the CEO at
Moserbaer Solar Limited
(MSL) in New Delhi, India. He
was previously the COO & CTO
for the Thin Film Vertical. He
joined Moserbaer as a Senior
Vice-President & CTO (Thin
Film) in September, 2007. Prior
to that Dr. Arya was a founder,
Vice-President and CTO at
Optisolar (previously called
Gen3Solar) in Hayward,
California.
Before founding Gen3solar, he
was the Director of Oregon
Renewable Energy Center
(OREC). Prior to that Dr. Arya
worked at Solarex/ BP Solar for
19 years in various capacities,
from Scientist to Executive
Director, thin-film technology.
Dr. Arya holds a MS degree in
Solid-State Physics from
Jadavpur University, Calcutta,
India and a Master of Technology
degree in Material Science from
the Indian Institute of
Technology, Kanpur, India.
He obtained his Ph. D. in
Engineering from Brown
University, Rhode Island, in
1983.
Other panelist
Abhishek Jain
VP, The Blackstone Group
13
Renewable Energy: an answer
to Indias power deficit?
Anadil Hossain
Founder & Producer, Dillywood, Inc.
R
aised in South Asia and Europe,
Anadil moved to the U.S. in 1998
where she began working on
independent film projects and global
events for multi-national corporations.
Focusing on her interest in film she soon
became involved in a number of high
profile international Bollywood feature
film productions, working with top
Indian directors such as Karan Johar,
Nikhil Advani, Ashutosh Gowariker and
Rakeysh Mehra. In 2004, Anadil co-
founded Dillywood, Inc. to create a port-
folio of features, documentaries and
shorts by providing comprehensive pro-
duction services to the film industry.
Dillywood, Inc. has worked on numer-
ous projects specializing in international
productions for directors like Mira Nair,
Wes Anderson and Doug Liman. A rec-
ognized figure for her knowledge and
expertise within the growing U.S.-India
entertainment market, Anadil continues
to consult for major studios, film com-
missions and festivals and is a passionate
advocate for the sourcing and develop-
ment of new talent and content around
the world.
Harindra Singh
Vice-Chairman & Managing Director,
Percept Limited
H
arindra Singh laid the foundation
of the countrys largest and one
of its kind entertainment, media,
c o mmu n i c a -
tions conglom-
erate on Jan 2,
1984 when
Percept came
into being as a
full service
a d v e r t i s i n g
agency. Today,
Percept is
recognised as one of the leaders in the
entertainment, media and communica-
tions domain. Harindra is the Vice-
Chairman & Managing Director of
Percept Limited. Today, Percept has a
team of 1200 people across 62 offices in
India and the Middle East; and capital-
ized billings of about INR 26.16 billion
(FY09). Harindra has been instrumental
in making Percept a truly global organi-
zation. He led the Percept partnership
with Aegis Group plc, a leading media
company globally, with brands like
Carat, Posterscope, Isobar, Vizium,
amongst others; and with Hakuhodo Inc,
the 8th largest advertising agency world-
wide and the 2nd largest in Japan. He has
played a key role in mapping out the
growth strategy of Percept though the
M&A route that brought in immense
value into the business.
He led the Acquisitions of Tiger Sports
Marketing, Eventus, Swift, Imageads
and the Merger of Bydesign with
Imageads to create IBD Brands, a lead-
ing creative agency, today.
Angela Chitkara (Moderator)
CEO & Founder,
US-India Corridor
A
ngela Chitkara is Founder and
CEO of US-India Corridor, a
media strategy and public rela-
tions consultancy firm that focuses on
international companies with India expo-
sure. She has trained and worked as a tel-
evision journalist for more than a decade
in the United States, London, South
Africa, Singapore, and India, serving in
various roles from a News Associate to
News Editor. Angela served as a News
Editor and anchored and reported on the
global markets for CNBC in Mumbai.
She managed daily editorial meetings
and set up the first multilingual local and
international assignment desks for
CNBC in India. CNBC bureaus around
the world were able to depict a more cur-
rent and accurate story of an emerging
India and its role in the global economy.
She has served as a political researcher
to the late Louis Rukeyser during the
2000 US Presidential Election cycle and
co produced the 2004 US Presidential
Elections from Singapore for CNBC
Asia. She produced the first LIVE hit on
the Tsunami for the NBC network from
India in 2004. In 2006, she produced the
Mumbai blasts coverage for the NBC
network globally. In November, 2008,
she provided LIVE commentary on
MSNBC during the Mumbai Attacks.
Angela holds a Masters in International
Affairs from Columbia University' s
School of International and Public
Affairs.
Sascha Vijay Sippy
CEO, Sippy Films
S
ascha Sippy is the scion of the
second oldest surviving film
dynasty in the World. His grandfa-
ther, the legendary G.P. Sippy was one of
the founding fathers of Indian Cinema.
Sascha Sippy took over the business of
Sippy Films when it was at an all time
low. The industry in India was riddled
with problem such as lack of creativity,
lack of funds, Satellite TV and its effect
on audiences. He worked on re-branding
production and creating the framework
for a film franchise in India. He created
SHOLAY Media and Entertainment
which handles the brand of SHOLAY
and the building of the SHOLAY fran-
chise. The franchise is now involved not
only in creating prequels and sequels for
the Indian market but also taking the
brand global on the animation and gam-
ing front.
Sascha has successfully completed a
licensing deal around a super successful
movie , SEETA AUR GEETA, owned by
Sippy Films. This is the richest licens-
ing deal in Indian cinema as the Licensee
has paid an upfront fee of USD 250,000
and a royalty on all sales of 25% in per-
petuity.
15
The Changing Face of Media &
Entertainment
J Rajagopal
EVP & Global Head, Consulting
(GCP) - Tata Consultancy Services
M
r. Rajagopal is responsi-
ble for creating a strate-
gic direction for the TCS
Life Sciences and HealthCare
practice. Raj has been invited to
speak at international and local
forums on various subjects in the
IT Life Sciences & Healthcare
industry. More recently, he was
invited by the Financial Times,
London, to speak at their Global
Pharmaceutical and Biotechnology
Conference and also by the Drug
Information Association to speak
at their 42nd Annual DIA
Conference which was held at
Philadelphia. He has wide experi-
ence spanning over 25 years in
International Management
Consulting. Prior to TCS, Raj was
Managing Director of KPMG
Consulting (India) Ltd. and
Coopers & Lybrand, India. A qual-
ified Chartered Accountant and
Company Secretary, he holds an
MBA from the Stuart School of
Business Administration, Illinois
Institute of Technology, Chicago.
He is also a Chartered
Management Accountant from
CIMA, London and has done an
Advanced Management Program
from Harvard Business School.
Vishal Bali
CEO, Fortis Global Healthcare
V
ishal Bali lead Fortis in the
creation of a pan-Asia
integrated healthcare busi-
ness. A leader in the change man-
agement of the healthcare sector in
India, he has spent 19 years run-
ning the Wockhardt Hospitals
Group in India, until acquisition of
its substantive assets (10
Hospitals) by Fortis in 2009. His
expertise in management analysis,
integrating healthcare strategy,
operations and management
through information technology,
has set industry benchmarks. Bali
graduated with a Bachelors in
Science and Masters in Business
Administration from Bombay
University and has completed an
advanced program in Hospital
Management from Boston. Besides
serving on the board of Fortis
Hospitals, he is a member on the
Strategic Initiatives group of Joint
Commission International in the
US, and on the Global Agenda
Healthcare Council of the World
Economic Forum in Switzerland.
Fortis Global Healthcare aims to
build and aggregate healthcare
businesses and assets internation-
ally, covering various segments of
healthcare from hospitals, through
to diagnostics, primary care and
other healthcare segments.
Dr. Ajai Kumar
Chairman & CEO,
HealthCare Global Enterprises
Ltd.
D
r. Ajai Kumar had his early
education and schooling at
St. Josephs College,
Bangalore and did his M.B.B.S.,
from St. Johns Medical College,
Bangalore during 1968- 73. For
post graduate studies he went to
USA in 1975 and joined the
University of Virginia,
Charlottesville. From 1979 till
2000 he was a practicing oncolo-
gist in the US. He had a vision to
develop cancer centers across the
country and make high end cancer
care accessible and affordable to
all. With this in mind, he relocated
to India in 2002 to focus on build-
ing cancer centers under the Heath
Care Global (HCG) brand name.
Today, HCG runs 20 cancer cen-
ters across India using a hub and
spoke modal. Apart from his activ-
ities in cancer care, Dr. Ajai is also
actively involved in NGO activi-
ties. Dr Ajai is the Chairman of the
International Human Development
& Upliftment Academy (IHDUA).
He is also the Managing Trustee of
Bharath Charitable Cancer
Hospital & Institute (BCCHI), a
trust that works towards preventive
public health and rehabilitative
aspects of health care.
He is part of the Karnataka gov-
ernment Task Force in the health &
social welfare development of the
state (vision 2020). He has also
been chosen as one of the 20 most
influential people in healthcare in
India by Modern Medicare.
Regina E. Herzlinger
(Moderator)
Nancy R. McPherson Professor of
Business Administration, Harvard
Business School
R
egina E. Herzlinger is the
Nancy R. McPherson
Professor of Business
Administration at the Harvard
Business School. She was the first
woman to be tenured and chaired
at Harvard Business School and
the first to serve on a number of
corporate boards.
She is widely recognized for her
innovative research in health care,
including her early predictions of
the unraveling of managed care
and the rise of consumer-driven
health care, a term that she coined.
Money has dubbed her the
Godmother of consumer-driven
health care.
Regina Herzlinger recently
briefed the Majority of the U.S.
House of Representatives at their
annual retreat on health care. She
has won the Consumers' for Health
Care Choices Pioneer in Health
Economics award, the American
College of Healthcare Executives
Hamilton Book of the Year award
twice, the Healthcare Financial
Management Associations Board
of Directors award, and
Management Accountings
research prize. She was inducted
as an honorary fellow by the
American College of Physician
Executives.
Modern Healthcare' s readers
selected her as among the 100
Most Powerful People in
Healthcare and Managed
Healthcare named her one of
health cares top ten thinkers.
Dr. Sukhbir Singh Sandhu
Managing Director, Punjab
Infrastructure Development Board
D
r Sukhbir Singh Sandhu is a
member of the Indian
Administrative Services
(IAS), a service responsible for poli-
cy formulation, implementation,
supervision and assessment of vari-
ous Government initiatives at the
Centre and in the States. He is
presently in charge of infrastructure
projects in Punjab, India and holds
key portfolios of Managing
Director, Punjab Infrastructure
Development Board, Secretary
Housing & Urban Development and
Special Principal Secretary to the
Chief Minister, Punjab. During his
career, Dr Sandhu worked mostly in
infrastructure departments in vari-
ous capacities. He has received the
President of India Medal, and
Manager of the Year 2000, given
by H.E The Governor of Punjab for
outstanding achievements and con-
tributions as Commissioner,
Municipal Corporation, Ludhiana.
K. Venkatesh
Chief Executive, L&T Infrastructure
Development Projects Ltd.
M
r. Venkatesh is currently
the Senior Vice President
Developmental Projects
& Chief Executive of L&T
Infrastructure Development Projects
Limited, which is the investment &
development arm of L&T. He is
Responsible for the Operations of
35+ SPVs in the Infrastructure
Portfolio of L&T and Assets under
Management US $ 9 bn. He has
more than three decades of corpo-
rate experience in Corporate
Finance and Accounts, Bidding,
Structuring, Financial Closure,
Project Management, Operations &
Maintenance of Infrastructure
Projects in Sectors such as Roads &
Bridges, Seaports, Hydel Power,
Water Supply Projects, IT Parks,
Retail Buildings, Hospitality and
Residential Projects. Mr. Venkatesh
has a degree in Business
Management from XLRI,
Jamshedpur.
Arun Nanda
Director, Mahindra & Mahindra
Ltd.
M
r. Arun Nanda joined the
Mahindra Group in 1973.
He has held several
important positions within the
Group over the 37 years he was with
the company. He is currently the
Chairman of Mahindra Holidays &
Resorts (I) Ltd., Mahindra Lifespace
Developers Ltd., Mahindra
Consulting Engineers Ltd., and
Mahindra World City Developers
Ltd., and Director of Mahindra &
Mahindra Ltd., Mahindra Water
Utilities Ltd., Mahindra World City
(Jaipur) Ltd., Mumbai Mantra
Media Ltd. and Union Bank of
India. He is also on the Advisory
Boards of Schneider Electric India
Pvt. Ltd., Advent India PE Advisors
Pvt. Ltd. and Alvarez & Marsal
India Pvt. Ltd. Mr. Nanda is also
the Chairman of CII Western
Region, Chairman Emeritus of the
Indo-French Chamber of
Commerce, member of the govern-
ing Boards of the council of EU
Chambers of Commerce in India.
Mr. Nanda has been honored with
an award of Chevalier de la Legion
dHonneur (Knight of the National
Order of the Legion of Honor) by
the President of the French
Republic, Mr. Nicolas Sarkozy in
2008. Mr. Nanda has also been
awarded with the Real Estate
Person of the Year Award from
GIREM Leadership Awards in India
in 2008. Mr. Arun Nanda holds a
Degree in Law from the University
of Calcutta, is a fellow member of
the Institute of Chartered
Accountants of India (FCA) and a
fellow member of the Institute of
Company Secretaries of India
(FCS).
Other panelist
Shahana Basu Kanodia
(Moderator)
Partner & Chair of the South Asia
Practice Group, Edwards Angell
Palmer & Dodge LLP
16
Healthcare for the masses
De-Stressing Indias Urban Infrastructure
Rajiv Lal (Moderator)
Stanley Roth, Sr. Professor of
Retailing Chair, Harvard
Business School
R
ajiv Lal, is the Stanley
Roth, Sr. Professor of
Retailing at Harvard
Business School where he cur-
rently serves as the Faculty chair
for the General Management
Program. Lal was Professor at
the Graduate School of Business
at Stanford University since
1982. He was the Thomas Henry
Carroll Ford Foundation Visting
Professor at Harvard Business
School for 1997-98. He was visit-
ing Professor of Marketing at
INSEAD, France in 1986, 1988,
1992 and 1993. Lal' s current
research is concerned with the
Future of Department Stores in
America. In addition, he is study-
ing how to build and sustain
Customer Centric retail organiza-
tions. His most recent work
explored successful retail strate-
gies for global expansion. He has
written extensively on the impact
of using the Internet as a channel
of distribution on a retailer's pric-
ing, merchandising and branding
strategy. He did his undergradu-
ate work in mechanical engineer-
ing at the Indian Institute of
Technology at Kanpur, India and
received his PhD in Industrial
Administration from Carnegie-
Mellon University.
Saloni Nangia
Sr. Vice President, Retail &
Consumer Products, Technopak
S
aloni is Senior Vice
President, Retail
Consulting Division of
Technopak. She is based in
Technopaks Gurgaon office
(National Capital Region of New
Delhi). She joined the firm in
1995 and, after a four year spell
in other group companies,
returned to Technopak in early
2004. Saloni has over 10 years
experience in consumer insights,
strategy and operations consult-
ing, with domain expertise in
retail, consumer products and
fashion and on-the-ground expe-
rience in Asia, Europe and North
America. Prior to returning to
Technopak, Saloni was managing
Home & Hearth, a company into
developing and marketing a
range of Home products. Saloni
is an MBA from Indian Institute
of Foreign Trade, New Delhi and
has a Bachelors in Science from
Lucknow University, India.
Mohan Murjani
Chairman, Murjani Group
C
hairman of the Murjani
Group, Mohan Murjani is
the vision behind the only
Indian group in the world to have
developed, launched and built
renowned international designer
lifestyle brands, including Gloria
Vanderbilt and Tommy Hilfiger.
Born in British India, raised in
Hong Kong and educated in the
U.K. and U.S., Murjani joined
the family business in 1966. In
1966, the group commenced its
transition from manufacturing to
designer lifestyle brand develop-
ment and marketing, by launch-
ing its first brand in the U.S.,
Marco Polo, culminating in 1976
with the launch of the world's
first designer jean, Gloria
Vanderbilt. Murjani followed this
with the launch of Tommy
Hilfiger in 1985.
In 2000, with the rapid growth
of the consuming class and the
related disposable income in
India, the Murjani Group was
among the first to understand the
emerging opportunity, with
respect to the retailing of interna-
tional brands in India. The India
strategy for the group revolved
around the creation of a multi-
brand retail platform, with some
of the world's leading interna-
tional brands. In 2004, Murjani
launched the first international
lifestyle designer brand in India,
Tommy Hilfiger. In addition, the
group introduced the concept of
licensing lifestyle brands in India
with some of the country's largest
and highly respected organiza-
tions, such as Tata-Titan
Industries. In the second phase of
its India strategy, Murjani
secured exclusive long-term
rights for India, with some of the
world's leading brands, including
Gucci, Jimmy Choo, Bottega
Veneta, Calvin Klein and French
Connection.
17
Retailing in India
Shikhar Ghosh (Moderator)
Sr. Lecturer, Harvard Business
School
S
hikhar Ghosh is the MBA
Class of 1961 Senior Lecturer
in the Entrepreneurial
Management Unit. Shikhar has been
a successful entrepreneur for the last
20 years. He has been the founder
and CEO or Chairman of eight tech-
nology-based entrepreneurial com-
panies and was the past Chairman of
the Massachusetts Technology
Leadership Council (MTLC) and
The Indus Entrepreneurs (TIE) - two
leading entrepreneurial organiza-
tions. He was selected by Business
Week as one of the best
Entrepreneurs in the US, Forbes as
one of the Masters of the Internet
Universe and Fortune as the CEO
of one of the 10 most innovative
companies in the US. Shikhar has
been the founder, CEO or Chairman
several companies in the wireless,
payment, Internet marketing, and
on-line retailing industries. He has
worked in all facets of the entrepre-
neurial process starting companies
with technical teams, providing and
raising capital with venture capital-
ists, buying and selling companies,
or taking them public and closing
down unsuccessful companies.
Varun Aggarwal
Co-Founder, Aspiring Minds
V
arun did his Masters in
Electrical Engineering and
Computer Science at MIT,
USA. He was awarded HUMIES
award at GECCO 2006 for his work
on automatic invention of oscillators
by computer algorithms. In 2007, he
co-founded Aspiring Minds, a stan-
dardized assessment company to
foster greater equity in the Indian
employment market. Aspiring
Minds' AMCAT, a standardized test
similar to the GMAT, provides a
benchmark for employers to evalu-
ate candidates for hiring. Applicants
are filtered based AMCAT scores on
various parameters at the time of
recruitment leading to reduction in
eventual low performers and
improving organizational efficiency.
Aspiring Minds takes the same test,
AMCAT to more than three million
graduates passing out every year in
India, enabling them to gauge their
job-fitment, areas of improvement
and be able to highlight their job-fit-
ment to multiple employers leading
to job offers. Varun specifically
looks after product design, research
and reach out to entry-level job
seekers.
Vanita Shastri
Executive Director, TiE-Boston
V
anita Shastri is the
Executive Director of TiE-
Boston, the second largest
chapter of TiE (The Indus
Entrepreneurs) that Fosters
Entrepreneurship globally through
mentoring networking and educa-
tion. She has a Ph.D. from Cornell
University and has actively taught
courses on International
Entrepreneurship, Business in India,
and Indic Civilization. She has also
been a policy consultant at Harvard
University and worked for Redwood
Investment Systems, Inc. where she
directed their global operations.
Vanita has also founded two non-
profit organizations, including the
Meru Education Foundation and the
Habitat Learning Center in Delhi,
India.
Other panelist
Sam White
Co-Founder, Promethean Power
Nishith Acharya
Executive Director, Deshpande
Foundation
N
ishith Acharya is
Executive Director of
the Deshpande
Foundation, a prominent
American philanthropy focused
on innovation, entrepreneurship
and scalability around the
world. Nishith leads the
Foundation's strategic planning,
grant making, evaluation and
advocacy efforts. Under his
leadership, the Foundation
launched the Sandbox - an
innovative development ecosys-
tem in India, with over 100
partner organizations and nearly
10,000 individual participants.
Nishith has also led the
Foundations venture philan-
thropy, working to help scale
Indian NGOs like Akshaya
Patra and Agastya throughout
India. Nishith serves as a
Member of the Council on
Foreign Relations, the Bretton
Woods Committee, The Indus
Entrepreneurs, and the Clinton
Global Initiative. He also
serves as a Board member of
Akshaya Patra USA and the
United Way Worldwide
Leadership Committee. Nishith
has been an entrepreneur first
as a founding employee of
MDPad, an innovative health
care technology company, and
more recently as Chief
Executive Officer of Youth
Tech Entrepreneurs, a non-prof-
it that developed technology
and business education curricu-
lum for students at the high
school level for over 1500 high
school students in
Massachusetts. Nishith also
served five years as a
Presidential Appointee in the
Clinton Administration, where
he worked with the
Administrator and Deputy
Administrator of the US
Agency for International
Development for USAID pro-
grams in Latin America, the
Middle East and Asia, and initi-
ating an effort to utilize the
Internet to improve internation-
al disaster assistance. Nishith
has worked for Education
Secretary Richard Riley and as
Associate Director of
Scheduling & Advance for the
President. Nishith has a
Master' s in Public
Administration from George
Washington University; and a
BS in Political Science from
Northeastern University.
Gopi Krishna
Managing Director, Mitan
Handicrafts Development Pvt.
Ltd.
G
opi Krishna is
Managing Director of
Mitan Handicrafts
Development Private Limited,
an initiative working to scale
craft-based sustainable rural
livelihoods in Karnataka, India.
Mitan works with a variety of
stakeholders to create a scalable
supply-chain to deliver high-
quality rurally-produced handi-
crafts to the international mar-
ket. Gopi previously worked at
the M.V. Foundation, OXFAM,
and INGRID. He has consulted
with a wide array of organiza-
tions, including HIVOS
(Holland) and the Overseas
Development Agency (United
Kingdom). He has also led sev-
eral advocacy and awareness
campaigns as well as presented
numerous papers at both inter-
national and domestic confer-
ences. Gopi received his
Bachelors in Social Work from
Osmania University and his
Masters in Social Work from
Tata Institute of Social
Sciences, Bombay.
Ramji Raghavan
Founder & Chairman, Agastya
International Foundation
R
amji Raghavan is
Founder and Chairman
of Agastya International
Foundation, the worlds largest
mobile hands-on science educa-
tion program for disadvantaged
children and rural teachers. As
Chairman of Agastya, Mr.
Raghavan leads a grassroots
initiative to support and trans-
form education in India.
Agastya has reached almost
four million children and
150,000 teachers in rural India.
Mr. Raghavan was a member of
the Prime Ministers National
Knowledge Commission and in
2009 was elected Senior Fellow
by Ashoka. He has written arti-
cles on education for Indian and
foreign journals and spoken in
India, the UK, the US, and
China. Before Agastya, Mr.
Raghavan served as a senior
executive in organizations
around the world. He left a
career in banking and finance in
London to found Agastya. Mr.
Raghavan has an MBA from
London Business School, a
Post-Graduate Diploma in
Development Studies from The
Institute of Social Studies, The
Netherlands, a Diploma in
Accounting from City of
London Polytechnic, and a B.A.
in Economics from Delhi
University.
Other panelist
Shikhar Ghosh (Moderator)
Sr. Lecturer, Harvard Business
School
18
The Next Frontier for Indian
Entrepreneurs
Clustering: A Novel Approach to Social
Enterprise in India
Why Silicon Valley immigrant
entrepreneurs are returning home
Can Meena hope to become an enterpreneur?
Unable to get a visa that would allow him to start a com-
pany after he graduated from Wharton in 2007, Kunal
returned home to India. Last year, he started SnapDeal
Indias Groupon. Instead of creating hundreds of jobs in
the US, he ended up creating them in New Delhi. There are
hundreds others like Bahl.
By Vivek Wadhwa
N
BC Nightly News anchor
Tom Brokaw visited
Silicon Valley last month
to meet immigrant entrepreneurs.
At Microsofts Mountain View
campus, he met with a dozen of
these. More than half said that they
might be forced to return to their
home countries. Thats because
they have the same visa issues that
Kunal Bahl had. Unable to get a
visa that would allow him to start a
company after he graduated from
Wharton in 2007, Kunal returned
home to India. In February 2010,
he started SnapDealIndias
Groupon. Instead of creating hun-
dreds of jobs in the U.S., Kunal
ended up creating them in New
Delhi.
At a time when our economy is
stagnating, some American politi-
cal leaders are working to keep the
worlds best and brightest out.
They mistakenly believe that
skilled immigrants take American
jobs away. The opposite is true:
skilled immigrants start the majori-
ty of Silicon Valley startups; they
create jobs.
Meanwhile, entrepreneurship is
booming in countries that compete
with us. And more than half a mil-
lion doctors, scientists,
researchers, and engineers in the
U.S. are stuck in immigration
limbo. They are on temporary
work visas and are waiting for per-
manent-resident visas, which are
in extremely short supply.
These workers cant start compa-
nies, justify buying houses, or
grow deep roots in their communi-
ties. Once they get in line for a
visa, they cant even accept a pro-
motion or change jobs. They could
be required to leave the U. S.
immediatelywithout noticeif
their employer lays them off.
Rather than live in constant fear
and stagnate in their careers, many
are returning home.
American immigration officials
are also clueless. They do every-
thing they can to make life miser-
able for immigrants who want to
make the U.S. more competitive
and create US jobs. As I noted in
another article about the Startup
Visa, they interpret rules and regu-
lations as restrictively as possible.
Rapportive co-founder, Martin
Kleppmann, who came to the US
from Germany, told Brokaw: In
our case we got a beautiful let-
ter from the immigration service
asking to prove that we had
enough warehouse space to store
our software inventory. We dont
even have boxes of software, its
all on the Internet.
Sakina Arsiwala, from Mumbai,
struggled for years to get a visa so
that she could work with her hus-
band Naveen Koorakula on their
social-networking startup,
Campfire Labs. Why deal with all
this, you know, old school immi-
gration systems, just go where
youre wanted, said Arsiwala,
who formerly headed YouTubes
international operations.
Michelle Zatlyn, a Canadian who
founded Cloudflare (a TechCrunch
Disrupt runner-up), said that
American visa policies are very
outdated and do not promote
entrepreneurship in this country at
all.
She told Brokaw that her startup
was trying to create jobs and hire
engineers, but that the country had
almost made her leave before she
had an opportunity to build a com-
pany.
Aihui Ong, founder of Love
With Food, spoke about Americas
being under technology attack.
Everyone wants Americas techies.
Countries such as her home coun-
try, Singapore, are working hard to
bring people like her back home as
well as to attract skilled workers
from other countries.
Singapore is giving startups four
dollars for every dollar they raise,
she said. Sakina Arsiwala added
that living conditions in some
other countries are really really
attractive. And the founder of
Backtype, Mike Montano, spoke
of his home country, Canada,
offering startups major subsidies.
They all wonder why the U.S.
makes it so hard for them though
other countries roll out the wel-
come mat.
These entrepreneurs tell their
stories much better than I can. I
encourage you to watch the videos
yourself. In one video broadcast on
NBC Nightly News with Brian
Williams on March 3, I discuss the
big picture and tell my own
storyhow I came to the US to
study, and later started two compa-
nies. My first company created
over 1,000 jobs; and the second,
over 200. (The majority of these
were American jobsfor
American citizens.)
Unlike a lot of problems facing
our country, this one is easy to fix.
We just need to increase the num-
bers of permanent-resident visas
available for those trapped in
immigration limbo. And we
should create a Startup Visa that is
more inclusive than the VC/Super
Angel bill that is being proposed.
This may give the economy a sig-
nificant boost at no cost to taxpay-
ers.
M
eena wants to become a
computer engineer. She
believes that if she works
hard enough, she can build her own
big businessmaybe a Google.
So she is determined to complete
her schooling and earn an engineer-
ing degree. Young girls like Meena,
just 16 years old but with the ambi-
tion and confidence to enter the tech
world, are a rare commodity even in
Silicon Valley; but Meena lives in a
slum in New Delhi. Her father
works as a day laborer. He used to
spend half his income on alcohol,
and would come home drunk every
night and make so much noise that
Meena could not do her homework.
He considered Meena a liability,
saw no value in her education, and
had nothing to be optimistic about.
Sana Azmi too lives in a Delhi
slum. She is determined to become a
lawyer. Sana has long had this ambi-
tion, but her unemployed father had
made the decision to withdraw her
from school this year, when she
turns 16. His plan was to get her
married as soon as possible, and he
believed that if Sana received too
much education, it would be diffi-
cult to find a suitable groom in their
socioeconomic community.
Moreover, they simply couldnt
afford to educate her. Sana begged
her Dad to find a way; she told him
that without higher education she
would be like an empty room.
Meenas father has now stopped
drinking and is working long hours
to save money for her education. He
considers Meena to be the pride of
the family, and is hopeful that she
will lift the family out of poverty.
And Sanas parents are no longer on
the lookout for potential grooms for
their daughter. Instead, they are sup-
porting and encouraging her efforts
to complete high school and contin-
ue on to university.
How did these transformations
happen? Through a non-profit group
called Roshni Academy, which iden-
tifies, trains, and mentors brilliant
girls from socioeconomically under-
privileged communities. Founded
by Saima Hasan when she was a
junior at Stanford in 2007, and fund-
ed by Silicon Valley business lead-
ers and philanthropists, Roshni has
already transformed the lives of
more than 500 underprivileged girls,
in seven districts of Delhi.
The Roshni formula is simple:
empower smart girls with self confi-
dence, critical thinking skills, basic
social skills, and life skillsand
make them realize that they can suc-
ceed by working hard and taking
risks. Roshni girls, all of whom live
below the poverty line yet maintain
top academic standing, undergo
intensive education through three
training modules over a six-month
period. The curriculum covers 25
subjects, ranging from public speak-
ing to conflict management to
hygiene. Students are also taught
computer and internet basics. At the
end of each training season, 60 top-
performing students are granted
scholarships by the Nurul Hasan
Foundation to pursue their second-
ary and higher education.
I was blown away by the energy
and enthusiasm of the Roshni stu-
dents I met on my recent trip to New
Delhi. They were as confident as the
students I teach at Duke and
Berkeley. They bombarded me with
great questionsthey had a deep
hunger to learn. And they were
amazingly optimistic. Like the
techies I know, they believed they
could change the world. What sur-
prised me the most was that that
each of them claimed to have
learned English through the Roshni
program. This didnt make sense
given the short duration of the
course. It turns out that even though
they had studied English in school,
these girls had never had the oppor-
tunity or confidence to speak it. I
have a video of 15-year-old Roshni
student Bazla Ambareen (and other
videos) to show what I mean.
Conditions for the poor in India
are dire, and people live at the
extremes; but, sadly, things arent
always that much better in some
parts of the US and in other parts of
the world. You dont have to go as
far as Harlem, NY, or Durham, NC,
to see poverty and disfranchised
youth. In Silicon Valley, you can
just visit schools in East Palo Alto
or Oakland. In fact, Saima Hasan
says that she got the idea for devel-
oping the Roshni program while
tutoring students in East Palo Alto.
Thats where she hopes to pilot, next
year, an American version of her
program.
My conclusion: if Roshni girls can
rise above poverty, alcoholism, gen-
der bias, domestic violence, mar-
riage pressures, religious oppres-
sion, and a wide range of complex
social and economic obstacles
through pure hard work and deter-
mination, so can underprivileged
communities in the US. There is
nothing to stop us from lifting our
minorities out of poverty and fixing
the societal problems such as those
that Ive previously written about
American girls being left out of the
tech world.
V i v e k
Wadhwa is a
V i s i t i n g
Scholar at UC-
B e r k e l e y ,
S e n i o r
R e s e a r c h
Associate at
Harvard Law
School and
Director of
Research at the Center for
Entrepreneurship and Research
Commercialization at Duke
University. You can find his research
at www.wadhwa.com.
Roshni Academy identifies, trains, and mentors brilliant
girls from underprivileged communities. It has already
transformed the lives of more than 500 such girls in parts
of Delhi. It was founded by Saima Hasan, when she was a
junior at Stanford in 2007, and funded by Silicon Valley
business leaders and philanthropists. Saima Hasan
22
Mother Nature and Natural Law -
both a force of Nature; United States
and the Sub-Continent
by Ravi Batra
I. Natures Tsunami
O
n March 11, 2011 an 8.9 earth-
quake in Japan unleashed a
tsunami that propelled a circu-
lar wall of water to move outwards at
the speed of a jumbo jet and cause
immediate havoc by washing away
men, women, children and manmade
structures in the blink of an eye into
the abyss. Collaterally, it fractured
nuclear reactors in Fukushima that
may well plague us in ways we can
hardly fathom, from health to energy,
food to water and the very air we
breathe. Throughout this traumatic
time, despite a sensationalized 24/7
media, the people of Japan have
endured stoically that bespeaks grace,
honor, strength and neighbor-equality.
II. Peoples Tsunami
A solitary insult, heightened by
reverse gender superiority, in Tunisia
unleashed a peoples tsunami across
much of northern Africa and the
Middle East, whizzing through cyber-
space at lightning speed from one
social media user to a congregation of
such users, that it became an organism
of shared knowledge disintermediat-
ing media and governments. Never
before had such peoples power been
felt, let alone unleashed.
Governments, be they democratic or
dictatorial, or something in between,
need to wake up and re-learn the wis-
dom of Abraham Lincoln: "A govern-
ment of the people, by the people and
for the people." The survival of gov-
ernments, as we know them, depends
on nothing less.
Many a pundit has jammed the air-
waves or consumed ink to opine and
handicap this peoples tsunami with-
out the foggiest idea of where it will
go. Others, in positions of serious
power, perhaps a heartbeat away from
their respective head of state, have
quietly opined that all will be well
again; as it used to be before. I dis-
agree.
The game has changed. Governance
isnt what it used to be.
That means that the powers of the
executive, the legislature and the
court, each resting on the other two
for mutual preservation and general
national stability, have been uprooted
from the people they are intended to
serve. That is the effect of the peoples
tsunami. The Separation of Powers
doctrine was to purposefully separate
power and force a merger, on an ad
hoc basis, so as to squeeze out maxi-
mum benefit for the governed public.
Indeed, the Fourth Estate, the media,
assisted by keeping an eye, sometimes
both, on the government to make sure
that power remained split and func-
tioned to help the citizenry. However,
all is not well, particularly, since we
are barreling towards the Great
Gatsby era of the 1920's with real
division between the "haves" and the
"have nots." The Great American mid-
dle class, proximately created by the
GI Bill after WWII, is phasing out as
much as the Baby Boomers are near-
ing retirement.
Along came people connectivity in
cyberspace, with cyber friends, cyber
villages, cyber towns and cyber cities.
Yet to come are cyber nations, drawn
not on a physical map, but in cyber
space with a solitary unifying identifi-
er that each person selects freely and
individually. This is peoples disinter-
mediation of government itself, all
four branches, by social media sites.
Moreover, it is as close to proving the
raw power of natural law as any imag-
ined---be they Thomas Aquinas, John
Locke, Thomas Jefferson or inter alia,
Ben Franklin. The Declaration of
Independence in 1776 famously har-
nessed the force of natural law to
assert independence from one nation,
while creating a new nation, with cer-
tain inalienable rights reserved for its
citizenry. That unique beacon in
human history has now, nearly 235
years later, taken up residence in
cyberspace, which any of our fellow
citizens of the world can embrace and
harness to repel a government that
doesnt meet Lincolns prescription. I
credit the use of the phrase, fellow cit-
izen of the world, as it was used by
then candidate Barack Obama at the
7:00pm rally on July 24, 2008 in
Berlin to charge up 200,000 plus
Berliners, including, the author and
family, when he spoke at Siegessule,
Victory Column, in Tiergarten.
III. Economic Tsunami
In a world that now credibly boasts
a single superpower, the United
States, for over 20 years while the UN
General Assembly counts 192 member
states, this can be a durable recipe for
"a more perfect world" if the USs
relationships, bilaterally as well as
multilaterally, are gently recalibrated
periodically so as to permit enhanced
mutual success. Yet, aside from
Europes Germany, the economic
equity-to-debt based heavyweights are
China, India and Brazil, to name a
few.
The geo-political map has been
shaken and stirred, forget James Bond,
for over 10 years with this economic
tsunami, year after year, with each of
these countries compounding their
GDP growth at 8% or more. Roads
and ports across Asia , while obvious-
ly a vehicle for efficient economic
growth, have become at least as
important as power accumulation, let
alone projection of power. Think the
US carrier fleets core purpose.
And, then there was: Irans nuclear
ambitions; rockets, Gaza and
Jerusalem; Iraq; Afghanistan; drone
attacks; North Koreas belligerence,
bilaterally and multilaterally, in a con-
trolled manner; capture of the Chinese
fishing boat captain by the Japanese;
stoppage of rare earth exports from
China; the devastating Pakistan flood
and neighborly aid by India; Indias
election to UN Security Council on
October 12, 2010, achieved by
Ambassador Hardeep Singh Puri with
the highest electoral votes of 187/190,
including Pakistans Ambassador A.
Hussain Haroon voting for India and
then posing with the Indians for con-
gratulatory pictures; Barack Obamas
visit to India and supporting UN
reforms to include India as a perma-
nent member of the SC; the
WikiLeaks repeated tsunami of cable-
writers conclusions and judgments to
aid chaos and peoples distrust of gov-
ernment.; and the unclear and untime-
ly imposition of a "no fly zone" over
Libya, after much of its citizens had
been beaten back or slaughtered.
IV. Back to Natural Basics, of the
Moral Kind
Methinks, it is time to return to
basics; natural basics; moral basics.
Pakistan has been a strategic partner
of the US since the Cold War started
and helped us establish relations with
China, with Kissinger traveling to
Islamabad to visit China after Nixons
clear signal of a new world balance,
with his pre-election October 1967
article in Foreign Affairs, titled Asia
after Vietnam. [In this article then-
candidate Richard Nixon signaled a
seismic change in US foreign policy:
The world cannot be safe until China
changes. Thus our aim, to the extent
that we can influence events, should
be to induce change. The way to do
this is to persuade China that it must
change: that it cannot satisfy its impe-
rial ambitions, and that its own nation-
al interest requires a turning away
from foreign adventuring and a turn-
ing inward towards the solution of its
own domestic problems.] President
Reagans "freedom fighters," were
assisted by Pakistan, as we desired, to
block the Soviets Afghanistan occu-
pation. Pakistan did, and does, receive
much US aid; however, this consump-
tion of "free" stay-at-home aid may
have accidentally stunted the Pakistani
economys natural growth potential.
India, a fully functioning democra-
cy under the rule of law, albeit, an
activist phase, has gone from being a
leader of the Non-Aligned Movement
to strategically balanced relations with
the Soviets, to now a near-best friend
of the US, albeit, each utilizing their
own best independent judgment and
still easily finding a natural common
ground.
America, like an individual, is enti-
tled to have new friends, even a new
best friend. However, what it cannot
do is to forget those whose friendship
was ever-present for a half century or
more. Nations, now, must behave at
least as well as a mature citizen
would, and apply moral basics and
honor natural basics if the "more per-
fect world" is to be realized. India and
Pakistan, despite obvious areas of ten-
sion, such as the Mumbai terror attack
or Kashmir, have to find a mutually
respectful embrace so that the
Subcontinents economy will someday
resemble the European Union, while
avoiding the debt traps we have wit-
nessed plague a nation or two in
Europe.
The natural basics, including the
moral basics, were so beautifully writ-
ten by Thomas Jefferson in June 1776
that they bear repeating in part, to wit:
"When, in the course of human
events, it becomes necessary for one
people to dissolve the political
bands which have connected them
with another, and to assume among
the powers of the earth, the separate
and equal station to which the laws
of nature and of nature's God entitle
them, a decent respect to the opin-
ions of mankind requires that they
should declare the causes which
impel them to the separation.
We hold these truths to be self-
evident, that all men are created
equal, that they are endowed by
their Creator with certain unalien-
able rights, that among these are
life, liberty and the pursuit of happi-
ness. That to secure these rights,
governments are instituted among
men, deriving their just powers from
the consent of the governed. That
whenever any form of government
becomes destructive to these ends, it
is the right of the people to alter or
to abolish it, and to institute new
government, laying its foundation
on such principles and organizing its
powers in such form, as to them
shall seem most likely to effect their
safety and happiness."
If this refresher quotation is opera-
tionalized universally, rather than
merely read, then the peoples tsunami
that started in Tunisia will peacefully
exit, as there would be no reason for
people to congregate on such a basic
level that governments are at risk. If
our Founding Fathers collective wis-
dom is honored, then the United States
will not only form a "more perfect
union" at home, but cause a "more
perfect world."
Ravi Batra is a New York based
eminent attorney and Chairman of
the National Advisory Council on
South Asian Affairs.
23
The author of this article, Ravi Batra with (from left) Pakistans
Ambassador to the UN Abdullah Hussain Haroon, and Indias
Permanent Representative to the UN, Amb. Hardeep Singh Puri, after
India was voted near unanimously to be a member of the UNSC.
Ranju Batra, Ravi Batra, Congressman Gary L. Ackerman, Amb. Prabhu Dayal and Chandini Dayal at the
Batrass dinner last year honoring Amb. Dayal, Indias Consul General in New York.
The energy and enthusiasm in
India is amazing
--Shahana Basu Kanodia
India should grow talent more than skill to enable retooling
--Manoj Singh
By Parveen Chopra
S
hahana Basu Kanodia,
Partner & Chair of the South
Asia Practice Group,
Edwards Angell Palmer & Dodge
LLP (EAPD), is moderating the
panel on De-stressing Indias
Urban Infrastructure and taking
part in the discussion on the Future
of Indo-US relations. She spoke
authoritatively to SATimes on both
the topics.
On the deepening Indo-US ties,
she spoke from personal experi-
ence as she was a delegate with
President Obamas Business
Executive Mission to India last
November. The strategic relation-
ship that started about 10 years ago
under President Bush has reached a
new level under the Obama admin-
istration, she states. Initially, dur-
ing the first part of Obamas visit
to India, she recalls, the business
leaders were not impressed as he
seemed more concerned about cre-
ating jobs in USA as if coming
with a begging bowl.
But the game changer was
Obamas speech in Indian
Parliament where he said, to stand-
ing ovation, that he would not be in
White House but for Martin Luther
King Jr, who was influenced by
Gandhi. The pleasant surprise for
Indians came when he went on to
endorse Indias bid for a permanent
seat on UN Security Council.
Kanodia observes that Indian
Americans image in the US under-
went a transformation from 2000
onwards with the Internet boom.
Earlier they were seen as cab driv-
ers as such. Then came IT entrepre-
neurs like Vinod Khosla and
Sabeer Bhatia and engagement in
the political process. Today there
are at least 10 prominent members
of the Obama Administrations such
as Vivek Kundra who are Indian
Americans. The US India Business
Council, which had 100 members
earlier, is 3,000 strong now. The
brain drain wheel is coming full
circle. Recently at a job fair in
New York Indian companies came
to pick up bright young Americans
to work in India, Kanodia points
out.
Kanodias practice areas at
EAPD include general corporate
matters with a focus on cross bor-
der business transactions, including
mergers and acquisitions, joint
ventures, private equity and other
strategic investments. She travels
almost every two months to India.
So she is keenly aware of irritants
in the path of doing business in
India even as bilateral trade is
booming. There is lack of intellec-
tual property protection provisions,
for one. There is red tape, and
American companies are limited
by the Foreign Corrupt Practices
Act (FCPA) disallowing bribery of
foreign officials. Proper processes
and transparency are lacking.
Kanodia gives the example of the
annulment without reason of Devas
Multimedia's deal with Antrix, the
commercial arm of Indian Space
Research Organization (ISRO), six
years after it was approved.
Kanodia agrees that India enjoys
a demographic advantageover
western countries and even China--
because of its young population,
but she is not oblivious to the stress
on the countrys woefully indade-
quate infrastructure like urban
transportation. How far the much
vaunted public-private partnerships
succeed on the gigantic infrastruc-
ture projects required is yet to be
seen. Land acquisition itself poses
legal challenges in the face of
obsolete laws and religious senti-
ments.
Yet, when you visit India, the
energy and enthusiasm there is
amazing, Kanodia confesses,
compared to desolate talk of unem-
ployment and such things here in
America.
Jugaad works. Things get done
despite the chaos, as with the
Commonwealth Games in Delhi
last year, she adds.
What is most crucial for Indias
future is inclusive growth as the
abject poverty there is appalling,
she believes. Young population
with no jobs is a breeding ground
for terrorism. The US has to con-
tinue its deep engagement with
India to prevent the common threat
of terrorism.
Kanodia, born Basu, comes from
an academic family of Bengalis,
while her husband Amit is from the
Marwari business community. The
Kanodias have no children, freeing
her for her frequent travels. She
has lived in the US since 1993
when she came here for her MA
Sociology from the University of
Chicago, except for 2005-8 when
she worked in London. A cosmo-
politan person, she feels at home in
various cities. Now she lives in
Boston.
M
anoj Singh, Global
Managing Director,
Deloitte Operations, who
was earlier Asia Pacific CEO of
Deloitte Touche Tohmatsu Limited,
has his pulse on global business
environment. Speaking to the
SATimes he said he will like to talk
at the conference about Indias
growth story, how the corporate sec-
tor is growing there and the emer-
gence of the huge middle class there.
Having lived in the US for 37
years, he says the India-US business
relationship has grown exceptional-
ly strong. US needs India -- and not
just the huge middle class as a con-
sumer of its products, but also the
highly educated population with
plenty of IT skills as a resource.
He points out that FDI in India
may have lately plateaued out, but
investors also include Mutual and
Hedge Funds, as well as FIIs.
He is bullish on Indias long term
prospects. The country has a sound
future, he says. Indias challenges,
according to him, include galloping
inflation. Rising food prices are wor-
risomethe lower classes spend
almost 30% of their income on food,
which is 3-4 times more than in
America. Public debt and budget
deficits are also negatives. Tight fis-
cal policies can fix that.
Manoj Singh emphasizes the
importance of improving infrastruc-
ture in India to attract high end man-
ufacturing like in the automotive
sector.
For inclusive growth and to create
employment for the huge and grow-
ing young population, Manoj
Singhs mantra is to focus on educa-
tion, secondary level upwards.
India should grow talent more than
skill. Because in todays world and
tomorrows one needs to retool one-
self every so often as the American
workers in steel industry did earlier
and recently the auto sector work-
ers.
India, Manoj Singh contends, need
not imitate China, the factory to the
world. Because, say, in making an
iPhone worth a few hundred dollars,
Chinas share may be only $ 40 in
the value chain. India should rather
go for R&D, value additions.
Manoj Singh dismisses the talk
about India-China race, and says
there is plenty of room for both in
this big world to grow. Indias GDP
growth rate may outrun Chinas but
Chinas is a bigger economy, so its
overall growth will be more.
On corruption in India, even the
recent high profile incidents, Manoj
Singh is not alarmed. It is part of
growing pains. The development
India has gone through in 10-15
years, UK and US took hundreds of
years for that. He is confident that
India will be able to deal with such
issues and rule of law will prevail.
Manoj Singh denies that there is
lately a declining lure of US educa-
tion for Indian students. American
universities are the best in the world
in depth and breadth of education
provided; no country comes even a
close second, he argues. They will
remain a magnet for students of
Indian origin and a coveted destina-
tion. But yes, Indian origin students
have opportunities now in India
much better than they were 37 years
ago when I came here.
He opines that even if some Indian
students go back home after study-
ing here, they continue to leverage
their contacts here, they may sell
here and even use US technology,
use the entrepreneurial environment
here as well as the capital. Speaking
for the 3 millions Indian Americans
here, Singh says, Unemployment
notwithstanding, America is still a
desirable place to live, and still the
land of opportunities.
Manoj Singh will take part in the
panel discussion on US India
Relations: Outlook for the next
decade at the conference.
He has advised many national and
multinational companies on mergers
and acquisitions, post merger inte-
gration and shareholder value
growth with a specific focus on tech-
nology, manufacturing and the ener-
gy industry. In his role as Global
Managing Director for Operations,
he is responsible for coordinating
and driving Deloittes investments
around the world and ensuring that
its global business planning is thor-
ough and all inclusive.
Hailing from Jamshedpur, Manoj
Singh has a BS in Electrical
Engineering from IIT Kanpur and
an MBA from Carnegie Mellon
University. He and his wife, Rita,
have two married daughters and a
grandson.
"Jugaad works. Things get done despite the chaos, as with the
Commonwealth Games in Delhi last year."
Manoj Singh, Global Managing
Director, Deloitte Operations
Shahana Basu Kanodia and her husband Amit Kanodia with Governor
Deval Patrick of Massachusetts and First Lady Diane Patrick at the
Governor's Inauguration Ball, January 6, 2011. The Kanodias serve on
Gov. Patrick's Finance & Steering Committee.
24
Are you being Bangalored?
By Swathi AK
C
ommunication in India in the
1970s and 80s was tedious
and expensive. People used to
wait for hours to reach a friend or rel-
ative on the phone in another city
within the country. For those who
had relatives living abroad, the only
way to hear from them was through
getting recorded cassettes mailed.
But the invention of Fiber Optic
Cables (converting information into
light signals) created the internet. In
time, communication became cheap-
er and opened easier access to infor-
mation. Also, the liberalization of
Indian economy opened up markets
to western countries, largely the US.
Noticing that India had the highest
pool of IT people and English speak-
ing population, some enterprising US
companies starting outsourcing work
to get it done cheaper.
Today one aspect of globalization
for big corporations is outsourcing
and offshoring of jobs. Instead of
paying a programmer $80,000 a year
in the US, the company can pay an
Indian with similar skills less than
1/10th of that salary, be able to hire
more programmers and get the job
done faster.
India was one of the first few coun-
ties to receive a lions share of out-
sourced work from America.
Bangalore benefited the most and
saw a boom in IT industries, call cen-
ters and BPOs (Business Process
Outsourcing), earning the epithet
Silicon Valley of India.
The last decade saw a slew of
Indian software companies like
Infosys, Wipro, TCS, Polaris,
Cognizant and Accenture go on hir-
ing sprees for fresh college graduates
from leading colleges. Major call
centers too hired fresh talent from all
over the country. Employment rates
jumped in this sector. Lots of young-
sters got jobs with fat salaries, giving
them disposable incomes and a hot-
shot career.
The trend to work in IT sector or a
leading call center continues. The
work force in this field outnumbers
those in medical, teaching, media,
banking and many other job cate-
gories. Indian IT and BPO services
industry at the end of 2010 directly
employed 2.3 million people and
gave indirect employment to another
6.5 million.
With amazing brainpower, investor
friendly laws, infrastructure in terms
of communication and quality certi-
fied software firms, India has
become the worlds outsourcing hub
and an ideal place for offshore out-
sourcing. Revenue generated from
leading software companies has
made India the worlds second fastest
growing economy after Chinas.
Since America is a major source of
outsourcing work to India, is it a win-
win situation for both or at the cost
of US jobs? Implications of this trend
has expectedly sparked a debate here
and polarized people into oppo-
nents and proponents of the prac-
tice. Opponents assume that India is
a predator which is eating away
American jobs. Some use Bangalore
as a verb as in losing your job to a
substitute at a sweatshop in a Third
World country. With an unemploy-
ment rate of 9.6 percent, many
Americans are naturally concerned
about where and how they will be
able to find work. After the economic
crisis of 2008, many companies have
laid off huge numbers of workers,
and few are showing signs of bring-
ing in new employees.
On the other side, proponents
believe that outsourcing potentially
enhances global reach and as per the
NASSCOM (National Association of
Software and Service Company)-
McKinsey report, outsourcing has
brought the US $ 60 billion with an
annual growth of 25%.
President Obama during his visit to
India last year tried to clear misun-
derstanding that Indian was taking
away US jobs. "In every discussion
I've had with Indian businesses, what
I've seen is that our countries are
matched up in a way that allows for
enormous win-win potential, he
said. Indeed, many believe that as
companies recover from these tough
economic times, outsourcing will
enable them to emerge as leaders in
the new global economy.
During his India visit, no less than President
Obama himself tried to clear the
misunderstanding that outsourcing is
harming America and Americans.
26
Narayana Murthy, founder of
Infosys, an IT powerhouse
headquartered in Bangalore.
Joseph Nye, the iconic Dean at Harvard University who famously
coined the term Soft Power, told the author that to become a world
power, India must focus on enhancing its soft power rather than
banking on just the military might. The author then extends the
logic to Jaipur, which is aspiring to be a world city.
Harvard taught me the value
of Soft Power
by Rohit Kumar Singh
J
aipur was heartbroken when
the city lost its best brand
ambassador sometime back.
As a fitting tribute to late Rajmata
Gayatri Devi, the erstwhile
Maharani of Jaipur, it is only
appropriate that the residents and
well-wishers of Jaipur take upon
themselves the task to help make it
a world city.
Although there is no fixed
barometer to measure the world
class of a city, it is widely believed
that London, New York, Paris and
Tokyo sit at the top of this hierar-
chy. They have top quality infra-
structure like wide roads and high-
ways, large airports, advanced
multiple-mode public transporta-
tion systems, and high-speed
telecommunication networks. In
addition, these cities are known to
enjoy tremendous economic, polit-
ical and cultural clout manifested
in the presence of large corpora-
tions, vibrant financial districts
including stock exchanges, and
national and international political
bodies. Last but not the least, these
cities are known for their role in
music, fashion and other cultural
activities.
Joseph Nye, the iconic Dean at
Harvard University, famously
coined the term Soft Power in con-
tradistinction to Hard Power in the
context of international influence
that a country can exercise. In his
2008 book, The Powers to Lead,
Nye describes Soft Power as the
ability to obtain the outcomes one
wants through attraction rather
than using the carrots and sticks of
payment or coercion. He goes on
to say that in individuals, soft
power rests on the skills of emo-
tional intelligence, vision, and
communication. In nations, it rests
upon culture (where it is attractive
to others), values (when they are
applied without hypocrisy), and
policies (when they are inclusive
and seen as legitimate in the eyes
of others.)
In the year 2004, I had the good
fortune of interviewing Dean Nye
for a paper I was writing at
Harvard. When asked about the
path India must take to become a
world power, I distinctly remem-
ber him saying, in his trademark
low volume baritone, that India
must focus on enhancing its soft
power rather than banking on just
the military might. With its rich
culture, heritage and tremendously
talented pool of scientists and
engineers, not to forget the amaz-
ing Bollywood, India has all that
takes to establish its soft power-ed
supremacy he said.
Taking a leaf out of Dean Nyes
book and extending his logic from
nations to cities, it is not too diffi-
cult to see that cities also have soft
power as distinct from hard power.
While the citys core infrastructure
- quality roads, stable supply of
drinking water and power, func-
tional waste disposal system, and a
multi-modal public transport sys-
tem are its hard power; its cul-
ture, values, and policies especial-
ly how it treats its disadvantaged
constitute the soft power.
Keeping the city friendly, clean
and making the transport system
equitable and disabled friendly
would also come under the soft
part.
I feel that the best bet for Jaipur
to be great or world class is aug-
menting its soft power index in
tandem with its hard infrastruc-
ture. While the government and the
civic agencies have to play the pri-
mary role in enhancing the basic
infrastructure of the city, it is the
non-governmental sector, civil
society organizations, various
other bodies like trade associations
and chambers of commerce, and
above all we, the citizens, who
must be the drivers to raise the soft
power quotient of the city.
Obviously, the government has to
play the role of a friendly facilita-
tor.
With its resplendent glory amply
evident in its forts, palaces, muse-
um and architecture, we need to
explore innovative ways to lever-
age the innate platform that the
Pink City provides. From the way
we greet and treat the tourists that
come from far and beyond, to how
we document and display the treas-
ures in our museums, to how we
cheer our team on the cricket field
it all adds up to the citys soft
power. Developments like Travel
Marts, Food Fairs and Theatre
Workshops, Music in the Park,
varied cultural performances in the
Jawahar Kala Kendra, and not to
forget the emergence of the city as
a major learning center for Hindi
language catering to expatriate stu-
dents, are welcome signs in this
regard.
Two events that have visibly
raised the soft power index of
Jaipur need a special mention here:
the Jaipur Literature Festival, now
a much awaited event held every
January, and the recently conclud-
ed Jewelers Association Show
(JAS). Both have contributed to
Brand Jaipur in a major way. It is
interesting to note that while the
latter has built upon the inherent
strength of Jaipurs traditional jew-
elry
business, the former is a result of
the initiative, determination, grit
and hard work of a few commit-
ted individuals.
About three centuries back,
Maharaja Sawai Jai Singh had
appointed Vidyadhar Bhattacharya,
a fine architect from Bengal to
plan a modern capital for him.
Jaipur was designed strictly
according to Shilpa Shastra, the
ancient treatise on architecture.
Vidyadhar was known to be a strict
and stringent planner.
He had made it mandatory for
the drawings for private residences
and trading establishments to be
submitted to him for his approval.
That was his level of commitment
for the city. Time has come to seek
inspiration from him and pro-
actively contribute in making the
city world class.
It is interesting to see in the first
few frames of a short documentary
made in 1932 by James Fitzpatrick
(available on YouTube under the
title Colorful Jaipur 1932), how
the citys main thoroughfares were
continuously kept clean during the
day.
Lets revive the tradition.
Picking up a piece of paper lying
on the grass while enjoying a
morning walk in citys parks and
putting it in the nearest dust bin is
the first step forward. Lets do it!
Rohit Kumar Singh is an IAS
officer posted in Rajasthan.
Famous authors JM Coetze and William Dalrymple at the Jaipur
Literature Festival.
27
Dear Homeowners,
I
n my previous articles, I have been keeping you informed about the changes in the real
estate and mortgage industry. I have also highlighted the various modification options
available for some troubled homeowners. Now, here is the most recent information
released. Median and average sales prices of New Houses Sold in US. (Source: U.S.
Census Bureau).
As per statistics we can see the that the Highest price struck in terms of home price
increase was in March 2007 which subsided down to about $290,000 in Jan 2011 and is
predicted to be level at almost the same price until 2013. In the above chart we can see the
Average (Purple) (top curve) and Median (Black) (lower curve). In essence prices have
come down in 2011 to what they were in 2001 2003. As per records, real estate value in
the last 50 years has not fluctuated as much as it has in the last 4 years.
Lets take a look at the Nassau county real estate market: its average sales price for the
homes increased by 4.2% from 1st Qtr 2010 to 3rd Qtr 2010.
In the above chart that gives some recent numbers, we can see that there was a sharp
drop in the number of sales from 2902 Units to 2239 units. The reason is the aftermath of
the federal tax credit expiration. Nassau sales alone accounted for 51.6% of all Long Island
sales excluding east end sales. A projection by analysts says that a significant portion of
sales in the second quarter would have occurred in the third quarter even in the absence of
the Federal Tax Credit.
We would like to present to you the average of the 3-Year Graph of how Fixed-Rate
Mortgages
(National Average; Combined Loan Amounts) have behaved in the market. Source:
http://library.hsh.com/read_article-hsh.asp?row_id=92.
Here we can see that at the peak of the financial crisis in March 2008 the 30 year mort-
gage rate was 6.5% which kept on rising to about 7.2% in October 2008.The same FRM
rates have reduced post the financial turbulence with a few hiccups during the F.Y. 2009,
finally boiling down to about 5.2% on 02.18.2011. Battling this Homeowner crisis, the
Obama Administration released the Making Home Affordable (MHA)/HAMP Program
under the Troubled Asset Relief Program (TARP).
Current Statistics: Twenty months into the program, close to 1.4 million homeowners
have entered into HAMP trials and experienced temporary reductions in their mortgage
payments. Of these, almost 520,000 homeowners converted to permanent modifications.
These homeowners are experiencing a 36 percent median reduction in their mortgage
payments--averaging more than $500 a month--amounting to a total, program-wide
savings of nearly $3.7 billion annually for homeowners. Follows the latest servicer
performance with respect to the conversion rates as per servicer.
Even though the servicers have performed aggressively in terms of giving modifica-
tions to homeowners to alleviate them out of their mortgage problems, there have been
many reasons why the same could not be done because the re-default rate for permanent
HAMP modifications is significantly lower than historical private-sector modifications--a
result of the program's focus on properly aligning incentives and achieving greater
affordability. Here are the reasons segregated servicer-wise for not being accepted in
the HAMP program:
Here are the compliance efforts in HAMP made by the government to correct its
own errors in the past so that every home which has been given a Trial Modification
gets a Final Modification as well.
Every borrower is entitled to a full detailed explanation of a HAMP Denial.
Treasury requires servicers to report the reason for modification denials in the
HAMP system of record.
Govt. is pressing onto the Second Look Loan Review and other on-site assess-
ments, for evaluating the appropriateness of denials.
This is the overview of the Real Estate Market with a snapshot of the Mortgage rates. I
have tried to explain the situation of Troubled Homeowners and their modification status
with lenders. I hope you would have found this information valuable. I will keep on updat-
ing you regarding the real estate market and values in NYC and vicinity in the forthcoming
issues of this paper. Should you need more information about any aspect pertaining to this
subject, please feel free to contact me.
Office phone: 516-681-8000, Email: harry@wallstreetnyny.com
A close look at the past and the present
Real estate statistics from the past 45 years and current situation of
mortgages and foreclosures.
By Harry Aurora
Harry Aurora, of Wall Street Commercial Capital (WSCC),
has been serving the community for over a decade with all
their Mortgage and Real Estate needs.WSCC caters the
lending needs for Commercial Buildings, Hotels, Industrial
& Energy related projects. His company Sherman Oaks
Realty is serving Manhattan and Long Island besides
working with builders and developers.
He can be contacted at 516-681-8000,
e - m a i l : H a r r y @ Wa l l S t r e e t N y N y . c o m .
www.WallStreetNyNy.com. www.ShermanOaksRealty.com.
Investing in Indian Real Estate in 2011
Introduction: Having gone through and
survived the terrible financial crisis which
gripped almost the entire world causing
financial downswings and hurdles which
some of the world' s most promising
economies could not cross, the Indian
Economy has definitely struck a fair cord,
as it continues to be as productive as possi-
ble, having become the world's second
fastest growing economy after Chinas.
During a speech on the campaign trail in
July 2008, Obama noted that children in
Raleigh and Boston are forced to compete
with children in Bangalore and Beijing.
As Indian companies expand their opera-
tions in the US, they will create jobs for
US citizens and purchase US equipment
that will in turn generate additional eco-
nomic activity. Indian software major
Wipro recently hired 500 skilled US work-
ers in Atlanta, while IT service provider
Tata Consultancy Services is expanding its
campus outside Cincinnati to eventually
employ 1,000 professionals.
Likewise, when American companies
invest in India, they not only create jobs
there, they also build efficiencies and cre-
ate export opportunities that lead to more
jobs in America.
Continued on page no 31...
The Harvard Business School
Contribution of AAPI in improving
healthcare in India
T
he India Conference 2011 is
being organized jointly by
the Harvard Business School
and the Harvard Kennedy School.
Harvard Business School was
founded in 1908 and is nearly as old
as the concept of management edu-
cation itself. In the last century, the
School has produced great leaders
and innovative ideas that have
shaped the practice of management
in vital organizations of every kind
around the globe.
One key to the School's success is
The Case Method. Introduced to
business education in 1925 by HBS
faculty; the case method is a power-
ful interactive learning process that
brings the complex and dynamic
realities of business analysis and
decision making into the classroom.
The School's research budget of
over $70 million is entirely self-
funded to ensure objectivity and to
provide faculty with the freedom
and flexibility to pursue novel and
innovative lines of investigation.
Each academic year, the faculty
authors or co-authors about thirty-
five books, produces more than 300
academic papers, and writes a broad
array of articles for general business
publications. HBS also has broad and
deep ties with executives, scholars,
alumni, and other leaders and their
organizations worldwide. The 40-
acre residential campus has 33 build-
ings with a broad range of dedicated
facilitiesincluding state-of-the-art
classrooms, meeting spaces, and
Baker Library, one of the world's
largest and most respected business
libraries. The educational experience
is augmented by a sophisticated and
continuously evolving IT system that
seamlessly integrates technology
throughout the campus. The best
measure of the success of this educa-
tional institution is the success of its
alumni, It is also well known to have
one of the largest and most influen-
tial alumni networks of any institu-
tion in the world.
Harvard Kennedy
School
The idea of a school of public
affairs at Harvard was born in the
midst of the Great Depression and
on the eve of World War II. As the
government grappled with historic
challenges both domestic and inter-
national, Harvard alumnus Lucius
N. Littauer backed his vision of a
school for a
new profession-
al governing
class with a $2
million gift,
then the largest
single gift from
an individual
donor ever
given to a university. For the past
seven decades the Harvard Kennedy
School has strived to place itself at
the vanguard of studying public pol-
icy and preparing its practitioners.
Today the Kennedy School has
evolved into one of the worlds most
eminent social science research
institutions housing 15 research
centers and institutes and more than
thirty executive education and
degree programs with worldwide
reach and influence. More than
27,000 Kennedy School alumni
reside in 137 countries and serve in
a wide range of positions in the pub-
lic, private and nonprofit sectors.
Executive Education at Harvard
Kennedy School offers programs for
leaders from around the world. They
bring together experienced profes-
sionals, a world-class faculty, and a
dynamic curriculum in a setting
where the common denominator is a
shared commitment to public value.
The result is a lasting transforma-
tional leadership experience. They
have developed the most compre-
hensive range of executive educa-
tion programs in public leadership
available anywhere in the world.
Many faculty members are actively
engaged in shaping policy through
their consulting and advisory work
with heads of organizations and
governments around the world.
They have firsthand knowledge of
the practical problems addressed in
Executive Education programs
and a thorough understanding of the
skills and knowledge necessary to
succeed.
M
ore than a hundred thousand doctors
are associated with American
Association of Physicians of Indian
origin (AAPI) and the organization is working as
a bridge between the USA and India. AAPI is
running a clinic in Rozda village near Jaipur
while 18 charitable clinics, 3 cancer clinics and
three trauma clinics are also being run by AAPI
in India. The doctors of Indian origin form only
6% of physicians community in USA. But every
fifth medical student in USA is of Indian origin
which means that we would not only increase in
numbers in the coming years but in our influenc-
ing power as the strongest ethnic community in
USA, Dr. Ajeet Singhvi, AAPI president, says.
Also as a part of the social responsibility efforts
by AAPI, the Sevak project run in all districts
of Gujarat by AAPI trains one person in one vil-
lage in each district as Sevak. The project has
been highly appreciated by all quarters as it is
highly beneficial to society. Plans are afoot to
implement this achievement in other states start-
ing with Rajasthan. At the AAPI summit in
Jaipur early this year, AAPI President Ajeet R.
Singhvi, said the objective is to raise awareness
of key health care issues affecting the Indian
subcontinent such as diabetes, lung diseases,
asthma & allergies, cardiovascular diseases,
womens & childrens health and cancer. Dr.
Singhvi also highlighted the summits task to
create a prototype program of implementation
for various disease categories specifically
designed to improve outcomes while maintaining
cost effectiveness. When successful, the pro-
gram can be deployed nationally and internation-
ally.
28
4/30/2011
4
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3
0
/
2
0
1
1
Harvard Business School is one of the pioneers of
management education
India's medical tourism
industry booming
T
here's a growing trend of tourists from
Western Europe, North America and
Africa visiting India for medical treat-
ment.Attracted by lower costs and a standard
of private healthcare care that's comparable to
the best in their home countries, studies show
that India's medical tourism industry is grow-
ing at 30 per cent a year and is predicted to
generate over $ 2 billion a year by 2012.
India is in the process of becoming the
"Global Health Destination" owing to the fol-
lowing advantages: The cost of medical serv-
ices in India is almost 30% lower to that in
Western countries and the cheapest in South-
east Asia; Language is a major comfort factor
that invites so many foreign tourists to visit
India for medical and health tourism.
India has a large populace of good English
speaking doctors, guides and medical staff.
This makes it easier for foreigners to relate
well to Indian doctors; Indian hospitals excel
in cardiology and cardiothoracic surgery, joint
replacements, transplants, cosmetic treat-
ments, dental care, Orthopaedic surgery and
more; The medical services in India include
full body pathology, comprehensive physical
and gynecological examinations, audiometry,
spirometry, Chest X-ray, 12 lead ECG, 2D
echo Color Doppler, gold standard DXA bone
densitometry, body fat analysis, coronary risk
markers, cancer risk markers, high strength
MRI etc. ; All medical treatments and investi-
gations are done using the latest, technologi-
cally advanced diagnostic equipments; Indian
doctors have got an expertise in performing
successful cardiac surgeries, bone marrow
transplants, liver transplants, orthopaedic sur-
geries and other medical treatments; The cost
of Infertility treatments in India is almost
1/4th of that in developed nations. The avail-
ability of modern assisted reproductive tech-
niques, such as IVF, and a full range of
Assisted Reproductive Technology (ART)
services have made India the first choice for
infertility treatments.
India's future lies in its naval
power: Geostrategist
Is there a China-India race in Africa?
By Harish C Menon
W
ith the scene of global
strategic rivalry slowly
shifting to the Indian
Ocean, India's geopolitical future
lies in its naval power, contrary to
the country's traditional emphasis on
its army, says Parag Khanna, lead-
ing American geo-strategist, author
and founding director of the Global
Governance Initiative at the New
America Foundation think tank.
"In terms of geopolitics, India's
influence is still very limited... what
underpins that is the reality that
India is not going to be what initial-
ly was thought and hoped it would
be - a land-based continental rival to
balance China. "Now, India is seen
as much more of a naval power --
overseeing and having a strategic
role with respect to the Indian
Ocean and the trade routes there.
That actually is the geopolitical
future of India; it's a very strong
future," Khanna, who was a senior
geopolitical advisor to the US
Special Operations Command, told
IANS in an exclusive interview.
This is reflected in India's own
defense priorities. According to the
Institute of Defence Studies And
Analyses, while the country's union
budget for 2011-12 saw a 12 percent
rise in defense allocation to
Rs.164,415.49 crore ($36 billion),
the Indian Navy received only 15
percent of the total allocation --
Rs.25,247 crore. The army got the
lion' s share at 51 percent --
Rs. 83, 415 crore. However, the
shares of the navy and air force have
consistently risen over the past two
decades while that of the army has
declined.
"I see a geopolitical pattern that's
emerging, whereby the Indian navy
and the government take a more
assertive role with respect to energy,
oil and trade routes, and counter-
piracy issues in the Indian Ocean
straits.
"I don't think, however, that any
one power will ever be a dominant
force. It's going to be a mix of play-
ers following the US and the
European navies. China will
inevitably - no matter how powerful
India is - seek to exert its navy in the
Indian Ocean. And it's going to be a
multitude of maritime powers active
there." Referring to the economic
models available for the underdevel-
oped world to follow, Khanna
reasserted an argument made in his
second and latest book, "How to
Run the World", that India, with its
organic growth and development, is
a much better example than "author-
itarian capitalism".
"There has been genuine growth
in India. And it has been public and
private in nature and has involved a
collection of actors and cooperative
coalitions. There have been roles for
civil society, the private sector, dias-
poras, wealthy industrialists, gov-
ernment, business community and
so forth. That's neat because it is an
organic form and not in an authori-
tarian capitalist model."
Considered one of the world' s
most influential people, Khanna
claims his geopolitical awakening
happened when his father took him
to the Berlin Wall immediately after
it collapsed in the aftermath of the
collapse of the communist world in
the early 1990s.
From witnessing such an epoch-
marking event first hand, Khanna
today has reached a stage where his
word on global dynamics is taken
seriously by even President Barack
Obama, who made Khanna his for-
eign policy advisor during the presi-
dential campaign.
In "How to Run the World",
Khanna sees a world in post-colo-
nial entropy and the emergence of
supra-governmental forces that are
fashioning a whole new global
order. Does that mean international
relations will lose the coherence
established by formal diplomacy?
"Firstly there is no coherence (in
traditional diplomacy). There is a
theoretical coherence, with diploma-
cy being managed by a world of
sovereign governments and their
official representatives. But there
isn't any empirical coherence. There
isn't - in ground reality - any actual,
serious order being provided by that
set of institutions... Frankly we have
a highly incompetent and incoherent
set of official diplomatic institu-
tions.
"On the other hand, I propose a
model that involves and engages all
actors irrespective of whether or not
they are states. And I think that is
much more promising, and in fact
that is what is happening. And I aim
to demonstrate that such public-pri-
vate coalitions represent the majori-
ty of what is effective."
Referring to the current upheaval
in the Arab world, Khanna said, "I
am largely very sympathetic about
what's happening. I wrote in my
book The Second World that Egypt
was certainly ripe for a revolution.
That's because all of these post-
colonial Arab societies demonstrate
similar conditions of economic tran-
sition. I think they will all take their
own directions."
By Rajiv Bhatia
O
nce again Prime Minister
Manmohan Singh asserted
recently, while answering a
journalist, that the world was large
enough to accommodate the growth
ambitions of both India and China. In
a similar vein but speaking specifi-
cally about Africa, a senior official in
India's Ministry of External Affairs
observed, at a recent seminar in
Delhi, that India-Africa partnership
"stands on its own", thereby denying
indirectly that China had anything to
do with it. Characterizing it as "an
old relationship, very mature and
productive", he aptly remarked that it
"has worked for us and for them (i.e.,
Africans)".
Thanks to geographical proximity,
age-old knowledge of sea winds that
determined travel by dhows across
the Indian Ocean, and a long history
of trade and cultural exchanges,
India's ties with the eastern coast of
Africa had flourished for long.
Shared experience of colonialism
deepened this affinity, reinforced by
large-scale migration of Indians to
eastern and southern Africa. In the
struggle against colonialism and
apartheid, India and Africa were
comrades-in-arms. Throughout this
interaction going back to centuries,
China did not exist as a factor. No
wonder Jawaharlal Nehru, India's
first prime minister, went around 'in-
troducing' then Chinese premier
Zhou Enlai to African leaders at the
Bandung Conference in 1955.
However, the situation has since
changed dramatically.
Regardless of how New Delhi
projects it, the fact remains that many
experts and media representatives in
Western countries as well as in
Africa, India and China have been
commenting frequently on China-
Africa relations and India-Africa
relations, adopting a comparative
approach in evaluating their growth
and the challenges they face in the
future. Several key points emerge
from their analyses.
First, China began a comprehen-
sive, institutionalized approach to
dealing with Africa at the continental
level through its Forum on China-
Africa Cooperation (FOCAC) which
has become an influential force since
inception in October 2000. India
adopted a modified approach which
emanated from its consultations with
the 54-nation African Union (AU);
instead of inviting all member-states
of AU, it invited only a handful of
them stressing their representative
character, to the first India-Africa
Forum Summit held in 2008.
Programs of cooperation which
emerged from the two processes
have been considerably similar.
Secondly, both China and India
need Africa's support for their politi-
cal goals and agenda in world affairs.
Both have also been helping Africa
to secure a greater say in internation-
al governance institutions. Both sup-
port Africa in improving its perform-
ance to achieve its Millennium
Development Goals. Development
models of India and China as well as
their diplomatic styles have been
under constant debate and scrutiny
among African countries.
Thirdly, when it comes to 'political
visibility', China has been running far
ahead of India, with its program of
regular and frequent visits by its
president, prime minister, foreign
minister and other dignitaries to all
regions of Africa - west, east, north
and south. Indians ministers do visit
African countries, but visits at the
VVIP level are still very few.
Similarly, visits by African leaders to
China are far larger in number than
those to India. Apparently this 'visi-
bility deficit' has been factored in by
New Delhi recently, with the result
that an increased number of high-
level visits from Africa to India have
taken place in 2010.
Fourthly, economic relations offer
a mixed picture. As regards trade,
financial aid, project assistance,
record of winning energy and mining
assets and participation in infrastruc-
ture development, China has
achieved much greater success.
India's investment presence, howev-
er, is bigger. India Inc. has focused
attention on its core strengths, name-
ly, ICT, small industry, pharmaceuti-
cal, automobile and banking sectors
as well as assistance for HRD. But
capacity building is not India' s
monopoly; China too has been help-
ing Africa considerably.
Finally, India's diaspora in Africa is
much larger and a more integrated
element in Africa's social landscape
than Chinese communities present in
a few countries, especially where
new projects have brought a sizable
number of Chinese workers.
Potential for the Indian diaspora to
contribute to the growth of India-
Africa relations is getting realized,
but not optimally yet.
A senior European diplomat based
in Delhi told me recently: "There is
no competition between China and
India because the latter is not there!"
It is an erroneous view, not borne by
facts. On the other hand, to argue that
the China factor is irrelevant to
India's contemporary approach to
Africa too is questionable.
Instead of denying the unfolding
competition with China, India could
pursue a better option, namely, to
acknowledge it realistically, monitor
the evolution and implementation of
China's Africa policy closely, and
deepen pro-actively its own engage-
ment with Africa. Given Africa's
needs and India's capabilities as well
as track record, cooperation between
the two should be expanded much
further and faster. This would be the
key challenge for the second India-
Africa Forum Summit to be held in
2011.
The author served as India's High
Commissioner to Kenya and later to
Lesotho and South Africa. He can be
reached at
rajivbhatia@airtelmail.in.
A mighty Indian navy warship
30
U.S.-India Economic and Trade
Relationship: Indian Investment in the U.S.
Washington, DC: The United
States is the worlds largest recipient
of Foreign Direct Investment (FDI).
India is among the fastest growing
investors in the United States. As
the U.S.-India economic relation-
ship deepens, investment from India
contributes to the growth and
vibrancy of the American economy
and in the creation of jobs in the
United States. Over the last decade,
investment capital from India grew
at an annualized rate of 53% reach-
ing an estimated $4.4 billion in
2009. This growing flow of capital
from India reflects the increased
integration of the two economies
and has brought many benefits to
the United States, increasing U.S.
exports and supporting tens of thou-
sands of jobs in the last six years
alone.
An increasing number of Indian-
owned firms contribute to U.S. jobs,
exports, and growth:
Goods exports to India reached
approximately $17 billion in 2009,
in part due to increased FDI from
India.
Indian companies have aided the
turnaround of struggling U.S. firms,
saving jobs and improving company
performance. They have also made
important new investments, stimu-
lating innovation and production in
the American economy.
Just a few examples include:
The Essar Group invested over
$1.6 billion in the declining
Minnesota Steel Industries and now
employs over 7,200 people in
almost a dozen states.
The Tata Group has invested
more than $3 billion in the U.S. and
now employs nearly 19,000
throughout the country.
Jubliant Organsys Total Capital
invested $246 million in the U.S.
and now employs nearly 900
employees throughout the country.
Wockhardt, a pharmaceutical
company, acquired Morton Grove
for $37 million. The deal preserved
the jobs of all 200 original Morton
Grove employees.
Crompton Greaves, an entity of
the Indian conglomerate Avantha
Group, has invested and partnered
on a $20 million project to launch a
Center for Intelligent Power with
the University of Albany. The deal
will create 100 high-tech jobs in
upstate New York.
Indian FDI in the U.S. is on the
rise:
Indian investment capital is
spread throughout the United States;
it has reached states on both coasts
and in the American Midwest.
Geographically diversified invest-
ment by Indian firms has helped to
support employment, particularly in
towns reliant on industry and manu-
facturing that faced difficulties dur-
ing the recent economic downturn.
According to a report by Ernst &
Young and the Federation of Indian
Chambers of Commerce and
Industry (FICCI), the largest share
of investment capital from India has
been allocated to industries associat-
ed with the knowledge economy.
This capital is helping the U.S.
increase employment in high value-
added industries, such as IT and
pharmaceuticals.
FDI from India is expected to
continue to grow in the future.
There is strong interest from Indian
investors in the power, steel, and
extractive industries. The pharma-
ceuticals and health care industries
are also expected to receive major
investments. This inflow of capital
will expand the U. S. economy
across a wide variety of fields, cre-
ating jobs and keeping the U.S.
competitive in global markets.
(Distributed by the Bureau of
International Information
Programs, U.S. Department of
State. Web site: http://www.ameri-
ca.gov)
President Barack Obama with Indian Prime Minister
Manmohan Singh
31
Hurdles in way of foreign investment in India
Washington, DC: India needs
investment to fuel its rapidly
growing economy, overhaul its
creaking infrastructure and curb a
swollen current account deficit,
but crucial reforms to allow for-
eign investors access to important
sectors are stalled.
The following are major areas of
potential US investment in India
currently facing domestic hurdles:
Nuclear Power
Despite landmark legislation
passed by India's parliament in
August, the entry of US firms into
India's fledgling nuclear power
market is still uncertain unless
New Delhi provides more clarity
on compensation liability of pri-
vate operators.
Approved two years after an
agreement between India and the
US brought New Delhi to the
nuclear energy table, a new liabili-
ty law gives India's state-run oper-
ator a "right of recourse" against
suppliers in the event of an acci-
dent -- something US firms are
unhappy with.
US-based firms such as General
Electric and Westinghouse
Electric, a subsidiary of Japan's
Toshiba Corp, stand to make up to
$10 billion through already-ear-
marked projects.
Defence
India will spend about $112 bil-
lion on defence procurement by
2016, a new KPMG report said
this month, to overhaul the coun-
try's mostly Russian-supplied mili-
tary.
Those orders include a $11 bil-
lion deal for 126 fighter jets that
six companies are competing for,
including US firms Boeing and
Lockheed Martin Corp.
But Washington faces a host of
hurdles, including Indian worries
that signing defence pacts which
are necessary for the US arms
sales to go through may land New
Delhi into a wider entanglement
with the US military.
One pact is the Logistics Support
Agreement (LSA), which would
allow American military to use
Indian facilities for operations like
refuelling. Two other pacts are
required under U.S. domestic laws
to transfer sensitive defence tech-
nology.
Multi-Brand Retail
India's $450-billion retail indus-
try is currently off-limits for for-
eign multi-brand retail firms.
With the disorganised mom-and-
pop stores accounting for over 90
percent of domestic trade, the
issue is a political minefield for a
ruling Congress party fearful of
losing its populist appeal through
potential job losses and protests
from farmers. The retail sector is
largely closed to foreign firms,
with 51 percent foreign direct
investment allowed only in single-
brand retail. Multi-brand retail is
restricted to cash-and-carry or
wholesale outlets, restricting the
entry of retailers such as US giant
Wal-Mart.
The world's top retailer, which
runs cash-and-carry stores in India,
has said it is ready to open hun-
dreds of retail outlets as soon as
the rules are liberalised.
Financial Sector
FDI in India's banking sector is
currently limited at 49 percent in
private banks, and 20 percent in
public lenders. However, current
rules restrict foreign investors to
only 10 per cent of voting rights,
regardless of investment level.
US and other foreign firms are
unlikely to increase their invest-
ment unless the cap on voting
power is lifted.
Insurance industry reform, to
allow foreign investors to take a
bigger stake in Indian firms, has
been on the table for years.
(Source: Reuters)
Investing in Indian real estate
continued from page 27...
In spite of the recent plummet in the
value of real estate, the Indian realty
market holds a fairly good position
among the retail markets of the world
with a consistent growth of approxi-
mately 28% per annum. The favorable
policies of the Indian government are
the major initiator of the realty boom.
In fact, the real estate industry in India
is recorded to be second largest
employer after agriculture. Focus is
especially on various metros like
Delhi and NCR, Mumbai and Kolkata
for developing projects ranging from
residential, retail to commercial com-
plexes.Why Invest in Indian Realty
Market: As per 2011 predictions,
Bangalore, the National Capital
Region (NCR) of New Delhi and
Mumbai will generate demand for
about 46% of the Indian office space
over the next five years. Demand for
office space in second tier cities, such
as Chennai and Kolkata, is expected to
increase at a faster pace, at about 17%
and 22% respectively. In Mumbai,
retail rentals have been on the rebound
since the beginning of Q210. They are
set to grow further, averaging 10-15%
by the end of the year. Vacancies are
low at a time when retailers are seeking
to expand, after the global downturn.
Residential property has seen
increasing demand over Q210 and
Q310. However, supply has been rela-
tively low because of reduced con-
struction activity during 2009-2010.
Consequently, demand is expected to
be three times the supply in 2010-
2014. The staging of the
Commonwealth Games in New Delhi
in the first half of October 2010 has
led to a major real estate market
upgrade.
India's economy chalked up an
impressive real GDP expansion of
8.6% year-on-year (y-o-y) in Q110,
propelling full-fiscal year growth to
7.4% in FY2009-10 (April-March).
India's long-term growth dynamics are
constructive, with the economy
expected to enjoy the positive effects
of increasing labor productivity, infra-
structure build-out and a greater drive
for reform. We are penciling in a mean
real GDP growth rate of 7.7% per
annum over the next decade, higher
than the 7.2% annual average seen
between 2000 and 2009.
In essence, the real estate mar-
kets of some of India's cities are bene-
fiting from the broadly-based growth
in consumerism. Over the course of
2010, some of the strongest rent
increases took place in the Gurgaon
and Bangalore industrial sub-sector.
Through late 2010, net yields
were broadly unchanged except in the
retail subsectors of Gurgaon and
Hyderabad, where they rose quite
sharply.
Globalisation of
Bollywood a reality
India'a entertainment
sector a $14.5 bn industry
Mumbai: The Indian super-
st ar Shah Rukh Khan
bel i eves t hat t he Indi an
movie industry is at its best
times and says people should
focus on gl obal i si ng i t
instead of chasing crossover
cinema.
"The world is looking at
India... But I have an aver-
sion to one word - it disturbs
me that all Indian filmmak-
ers are chasing an elusive
dream of crossover cinema,"
SRK recently said.
"It is nothing at all - there is
nothing known as crossover
fi l m. If t here woul d have
been one, our smart er
cousi ns Hol l ywood woul d
have made crossover films in
Ameri ca and t aken over
Indi an fi l m i ndust ry. We
should think of taking over,
we shoul d be t hi nki ng of
globalising Bollywood," he
added.
With studios like Warner
Bros, Sony and Disney com-
i ng t o Indi a and maki ng
Hindi and regional films,
Shah Rukh feels that: "We
need to have give and take
relationship for the western
cinema. We need to welcome
West ern fi l ms wi t h open
arms."
"Let them enjoy the bene-
fits of investing in this grow-
ing Indian TV and film mar-
ket , make al l i ances and
al l ow t hem t o make fi l ms
here because we are cheap
when it comes to expenses."
Reliance Big Entertainment
has i nvest ed $325m i n
DreamWorks, which enabled
Stevan Spielberg to establish
his own company after sever-
ing his ties with Paramount,
the Hollywood studio con-
trolled by Viacom. Ford.
Reliance also took a con-
trolling stake in IM Global
last year for an undisclosed
sum. As a sales agency, IM
Globals work used to be lim-
ited to selling other compa-
nys films it was the inter-
national sales agent on Tom
Fords A Si ngl e Man. But
with Reliances backing it
has also begun financing its
own productions.
With Reliance as a control-
ling shareholder, IM Global
has become a new competitor
for Hol l ywoods mi ni -
majors companies such as
Lions Gate Entertainment,
whi ch produces t he Mad
Men series and the Saw hor-
ror fi l ms, and Summi t
Ent ert ai nment , whi ch
released the Twilight series.
IM Global sells Bollywood
films produced by Reliance
in India through an interna-
tional division and is acquir-
ing films from other produc-
ers to distribute in southern
Asia, one of the film indus-
trys big growth markets.
Reliance has big plans for
its burgeoning portfolio of
medi a compani es. Aft er
DreamWorks, it acquired a
50 per cent stake last year in
Codemast ers, t he vi deo
games publisher. It has also
agreed fi l m devel opment
deals with Hollywood stars,
including George Clooney,
Brad Pitt and Tom Hanks.
The goal is for Reliance to
become an i nt ernat i onal
media company in the broad-
est sense, from publishing,
games, film and television,
says Sky Moore, a lawyer
with Stroock & Stroock &
Lavan, who has represented
Reliance on its media deals.
Mumbai: The Indian
media and entertainment
industry logged an 11-
percent growth in 2010
to touch $14.5 billion
(Rs.652 billion) and is
projected to expand at a
higher rate of 13 percent
this year, says a report
released by a leading
industry lobby.
"While television and
print media continued to
dominate India's media
and entertainment indus-
try, sectors such as gam-
ing, digital advertising
and animation grew at a
faster rate and show
tremendous potential,"
said the report prepared
by consultancy KPMG.
"Overall, the industry is
expected to register a
compounded annual
growth of 14 percent to
touch Rs.1,275 billion
($28.3 billion) by 2015,"
said the report, commis-
sioned by the Federation
of Indian Chambers of
Commerce and Industry
(FICCI).
The full report is sched-
uled to be released dur-
ing the FICCI-Frames
annual conclave on
media and entertain-
ment, in Mumbai at the
Renaissance Powai, with
Canada as the partner
country. Key speakers
include News Corp' s
James Murdoch, film
makers Yash Chopra,
Ramesh Sippi, Vikram
Bhatt and Karan Johar,
directors Shyam
Benegal, Rakyesh Om
Prakash Mehra, actor
Kamal Hasan,
Hollywood director
Michael Fink, and a host
of Indian media person-
alities.
"The key industry high-
lights are growing poten-
tial of the regional mar-
kets, increasing media
penetration and per capi-
ta consumption and
increasing importance of
new media driven by
changing consumption
patterns, " said FICCI
secretary general Amit
Mitra.
"Going forward, it will
become imperative for
media companies to reset
their business models
and build greater focus
on profitability and
changing consumer pref-
erences," added Rajesh
Jain, head of media and
entertainment with
KPMG.
32
The industry is expected to register
a compounded annual growth of 14 percent to
touch $28.3 billion by 2015.
Hollywood studios like Warner Bros, Sony and Disney are coming to India
and making Hindi and regional films.
34 International
March 26-April 1, 2011 TheSouthAsianTimes.info
Tri pol i : Li byan l eader
Muammar Gaddafi made a
publ i c appear ance near
Tripoli, vowing to fight on, as
the Western countries led by
France were busy creating a
new body t o t ake over t he
lead in the current interven-
tion in Libya, Xinhua report-
ed. Libya's state TV showed
that Gaddafi appeared before
a crowd of supporters at his
r esi dence compound near
Tripoli. It was his first public
appearance in a week.
The compound, located in
Bab Al-Aziziya, was hit by a
cr ui se mi ssi l e i n Sunday
night' s bombing by Western
f or ces. I n hi s addr ess,
Gaddafi said: "Be it long or
short, we're ready for battle."
Hours earlier, heavy explo-
sions and intensive anti-air-
cr af t f i r e r esounded over
Tripoli.
According to Xinhua, the
blasts appeared to be a new
round of airstrikes by coali-
t i on f or ces hi t t i ng Tr i pol i
after nightfall, following sim-
i l ar oper at i ons st ar t i ng
Saturday that aimed to create
a no-fly zone over Libya.
French Forei gn Mi ni st er
Alain Juppe said a new politi-
cal body, not NATO, will take
over t he r esponsi bi l i t y of
enforcing a no-fly zone over
Libya.
The new body, to be set up
as proposed by France, will
consist of foreign ministers
from countries that are cur-
rently participating in the mil-
itary intervention in Libya,
and some Arab states, he said,
adding that it could meet soon
in London or Paris.
He said the military action
will stop only as "the Tripoli
regime act with accurate and
compl et e compl i ance wi t h
r esol ut i ons of t he UN
Security Council, as it accepts
an authentic ceasefire, and
wi t hdraws i t s t roops from
where they entered."
French Presi dent Ni col as
Sarkozy and his US counter-
part Barack Obama agreed via
phone on how to use the com-
mand structure of NATO to
support the military operation
in Libya.
"They agreed on the need to
continue efforts to ensure the
full implementation of 1970
and 1973 r esol ut i ons, "
Sarkozy' s Offi ce sai d i n a
statement, noting their satis-
faction with the coordinated
military operation in Libya.
The statement came after
French aircraft carrier Charles
de Gaulle has set reconnais-
sance operation in motion ear-
l i er i n t he day, wi t h t wo
Rafale jets sending back visu-
al information of Libya.
The UN Security Council
had passed a resolution back-
ing to impose a no-fly zone
on Libya and "all necessary
measures" to protect civilians,
but gave no leeway for for-
eign ground troops to enter
into Libya.
Gaddafi vows to fight on
US President Barack Obama has said that
Libyan leader Muammar Gaddafi "needs to go",
but asserted that the ongoing
international air raids in support of a no-fly zone
over Libya are not meant to achieve that goal.
External power reaches
Japan N-reactors
Tokyo: External power reached all six reac-
tors at a damaged nuclear power plant in
northeastern Japan, 11 days after an earth-
quake and tsunami rocked the region, raising
hopes that meltdowns could be averted, a
news report said.
External power began to be hooked up to
the plant in Fukushima prefecture and the
final two reactors, number 3 and 4, at the
plant were connected, the Kyodo News
agency reported. The plant's operator, Tokyo
Electric Power Co (TEPCO), is trying to
restore power at the overheating reactors to
revive key functions in their control rooms.
Fire trucks resumed their operations to
cool the reactors, showering tonnes of water
onto spent-fuel storage pools at the reactors.
TEPCO vice president Norio Tsuzumi vis-
ited a shelter housing evacuees from Okuma
town, where the troubled plant is located,
and apologized. "TEPCO is to blame,"
Tsuzumi said. "I apologize for causing the
trouble to the region, the people in
Fukushima and society."
Evacuees at the shelter in Fukushima's
Tamura city told Tsuzumi how they wished
to return home.
Another apology came from Industry
Minister Banri Kaieda over reports that he
threatened to "punish" firefighters if they
refused to participate in the operation.
"If my remarks offended firefighters, I
would like to apologise on that point,"
Kaieda said while refraining from touching
on the question whether he had actually
made such remarks.
Two German-made pumping vehicles also
joined the operation for the first time, dump-
ing tonnes of water onto the pool of reactor 4
from a height of 50 metres. The vehicles, the
M52 Multi-Z, made by Putzmeister Holding
GmbH, were offered by a Mie-based con-
tractor to TEPCO.
Meanwhile, TEPCO said radioactive
iodine at levels 126.7 times higher than the
legal limit and radioactive cesium 24.8 times
higher were detected in seawater near the
plant.
That was believed to have been caused by
the nuclear accident, company officials said.
The government told four prefectures -
Fukushima, Ibaraki, Tochigi, Gunma - to
restrict shipments of spinach and "kakina," a
leafy vegetable, as levels of radioactive sub-
stances in the produce surpassed legal limits.
Tokyo also told Fukushima to suspend ship-
ments of raw milk.
Yemen's embattled
President warns
against coup
Sana'a: Yemen's embattled
President Ali Abdullah
Saleh has urged army
defectors to reconsider,
warning of a "civil war"
and a possible coup amid
growing anger at his 32-
year-old rule.
"Those who want to
climb up to power through
coups should know that this
is out of the question. The
homeland will not be sta-
ble, there will be a civil
war, a bloody war. They
should carefully consider
this," said Saleh.
The president's remarks
were aired on state-run tel-
evision, a day after two top
security officials defected
to join his opponents.
General Ali Mohsen al-
Ahmar, the military com-
mander of Yemen's north-
western area, and
Mohamed Ali Mohsen, the
commander of the country's
western area, said Monday
they would no longer serve
Saleh and would join those
calling for his ouster
instead.
Both are also members of
Hashed, which is Saleh's
tribe. The defections follow
the killing of more than 50
people in an assault on pro-
testers gathered in
Taghyeer, or Change
Square, in Sana'a.
The army has released a
statement pledging support
for the president and vow-
ing to prevent a takeover of
power.
Despite moves to solidify
his power, Saleh is facing
growing domestic and
international calls to step
down. Yemen's representa-
tive to the Arab League
called for a peaceful transi-
tion of power, according to
Al Arabiya.
On Monday, French
Foreign Minister Alain
Juppe said Saleh must
resign. Demonstrations
began in Yemen in
February, following popu-
lar uprisings against long-
time rulers in Tunisia and
Egypt. President Saleh has
been in power since 1978
and is a key US ally.
Radioactive iodine at levels 126.7 times
higher than the legal limit and radioactive
cesium 24.8 times higher were detected in
seawater near the Fukushima plant.
Yemen President Ali Abdullah Saleh.
ICC Cricket World Cup 35
TheSouthAsianTimes.info March 26-April 1, 2011
India dethrone Aussies
WC Blockbuster: It's India vs Pak
Ahmedabad: It is not often that Ricky
Ponting scores a gritty century and ends up on
the losing side, especially in a World Cup. But
he did as India avenged their 2003 World Cup
defeat at the hands of Australia in glorious
fashion.
The second quarterfinal in Ahmedabad
between the two heavy weights on March 24
was always going to be more than just a
match. For some, it was the final before the
final. And indeed, the meeting more than lived
up to the hype with the home team overcom-
ing some tense moments to romp home with 5
wickets in hand.
A sense of anticipation hung in the air as
Ricky Ponting put his boys in to bat first. R
Ashwin opened the bowling with Zaheer
Khan on a dry and crumbly pitch getting drier
and crumblier by the minute. After danger
man Shane Watson (25) was castled by
Ashwin and the team score at 40-1, Brad
Haddin took on the responsibility of punish-
ing loose deliveries mercilessly. However,
Yuvraj Singh soon got the breakthrough and
Haddin was gone for 53.
On the other end, his skipper, Ponting, had
been putting together a chanceless knock that
went a long way in restoring his confidence.
In the end, the Australians notched up a com-
petitive score of 260-6 notwithstanding
Ponting's dismissal on 104 in the penultimate
over.
A fluent start by both Indian openers was
not to last long, with the tentative-looking
Virender Sehwag was surprised by a Shane
Watson delivery in the 9th over.
Tendulkar, in the meantime, carried on with
some fearless play, opening the full face of the
bat to smack some glorious drives to the
boundary. He, however, lived a tad danger-
ously en route to 18,000 ODI runs and yet
another sublime half-century.
Gautam Gambhir (50) gave Yuvraj Singh
valuable company, and then inexplicably suc-
ceeded at running himself out, after a failed
attempt on the previous delivery as well. With
the Indian skipper soon gone and the team
needing 74 to win off 73, it looked like the
"chokers" tag was back in business.
But finisher Suresh Raina, newly included
in the squad, had other ideas.
Both he and Yuvraj waited out a few tight
overs from the pacers and then opened the
floodgates off two consecutive Lee and Tait
overs, which went for 14 and 13 runs respec-
tively. There was no stopping them thereafter.
Ahmedabad: India and Pakistan make for a
fascinating cricketing rivalry which stokes
passions, sometimes to inflammable levels,
on both sides of the border whenever the
two teams clash. Shared history albeit bit-
ter only adds to the emotional quotient of
Indo-Pak contests where victory and defeat
is not just a result but a matter of national
pride.
The potentially explosive clash in Mohali
on March 30 is the first match between the
two neighbors on Indian soil after the 26/11
terror strikes in Mumbai, which led to snap-
ping of bilateral cricket ties between the
two nations.
They have faced each other in four World
Cup matches in the past and India have
come out trumps on all these occasions
even though Pakistan have a clear edge in
the overall record, winning 69 of their 119
clashes so far.
As India thrashed Australia in the quarter
finals here on March 24, space for a new
world champion has been created for the
first time since 1999.
India's five-wicket triumph in Ahmedabad
means they will tackle Pakistan, who
reached the last four with a crushing 10-
wicket win over the West Indies, in Mohali
on March 30.
It cannot get bigger than this as
India play arch rivals Pakistan on
March 30 in Mohali.
Rs.1,000
tickets sell
for Rs.7,000!
WC games
between
India-Pak:
Mohali: With arch rivals
India and Pakistan set to
clash in the World Cup semi-
finals here, prices of all tick-
ets for the big match have
soared in the black market.
While a Rs.250 ticket is
now being sold on the sly for
Rs. 2, 000 and even more,
Rs.500 tickets are available
for Rs.4,000. And a Rs.1,000
ticket can only be bought --
believe it or not -- for as high
as Rs.6,500-7,000.
This is now. By the time
India and Pakistan take on
one another March 30, the
prices may go up further.
The reasons are not far to
seek.
"Everyone waits for an
India-Pakistan match. It is
nothing less than war fought
on the border.
Ticket rates have risen up
exceptionally after India
won the match against
Australia," a man selling
tickets in the black said.
1. India won by 43 runs at Sydney
on March 4, 1992
2. India won by 39 runs at
Bangalore on March 9, 1996.
3. India won by 47 runs at
Manchester on June 8, 1999
4. India won by 6 wickets at
Centurion on March 1, 2003
India should beat
Pak: Ponting
Ahmedabad: Rubbishing the theory that
it was an end of an era in Australian
cricket, skipper Ricky Ponting said the
superior Indian side they lost to in
Thursday' s World Cup quarterfinal
should beat their arch-rivals Pakistan in
the semifinals.Having lost to both India
and Pakistan, Ponting said it was hard to
pick between the two, but gave his vote
to the co-hosts.
"It is hard to chose between the two
teams. They have a very similar bowling
attack but I think India will beat Pakistan
in Mohali," said Ponting, after his side's
five-wicket loss to India.
Zaheer Khan came back with the old ball and
bowled Michael Hussey with a slower one.
I
t may surprise you to hear this, but Ive
never gone camping, never felt the urge
to leave the comforts of my home to
spend a few days in a tent somewhere. Dont
get me wrong: I like being close to nature. I
just dont like nature getting too close to me.
You never know what you might
encounter in nature: mosquitoes, bees,
wasps, Al Gore.
Actually, Id be quite pleased to run into
the former vice-president in the woods,
especially since the mosquitoes would have
another place to land.
Mosquitoes can be a pain in the neck, not
to mention the arms, legs and other body
parts. Bees, wasps, flies and ants can also be
annoying. I dont need insects to bug me. I
have three children. And if theres anything
worse than dealing with insects, its dealing
with children dealing with insects.
My daughter Divya is the worst. She has
singlehandedly destroyed any progress
made over the last century in human-insect
relations. A single fly can produce a high-
pitched scream from her, almost as if some-
one changed the channel in the middle of
Dora.
My wife, Malathi, doesnt like flies either.
Then again, she has never been too fond of
uninvited guests who head straight for her
food. Especially when they dont have the
decency to wash up.
If I were a hardcore camper, I wouldnt
complain about the insects. Id just catch
them and have them for dinner. You cant be
picky about what you eat when youre a real
camper. Real campers realize that its better
to eat an insect than have an insect eat you.
Not that I know anything about eating
insects. Ive just read the book Camping
for Idiots, which includes this important
tip: In order to get your recommended daily
allowance of protein while camping, you
must get used to the idea of sleeping with
your mouth open.
The closest Ive come to camping was
staying in a cabin near a Minnesota lake. I
spent a few days there with my wife and
kids and a dozen flies. We just opened the
door and they flew right in, as though they
had rented the place themselves and were
waiting outside for someone to let them in.
Fly: Its about time they opened the door!
We spent half our lives waiting.
Second fly: Im hungry! Does anyone
know where they keep the trash can?
We were staying in a cabin, but in some
ways, we were really roughing it. We had to
endure some extreme conditions. For exam-
ple, our cable had only 40 channels. And we
didnt have a DVD player. Talk about a
primitive existence!
The cabin did have an oven and
microwave, but to get the camping experi-
ence, we didnt do all our cooking there.
Malathi started a fire outside, and I wore a
loincloth and headed to the woods to hunt
for boar.
Actually, we picked up some meat and
veggies at a nearby grocery store. Malathi
cut them in pieces, put them on skewers, and
roasted them in the fire. For at least an hour,
we felt like real campers.
Then we went inside and ordered pizza.
WASHINGTON: An
amazing 3D nanostructure
designed and developed by
scientists may make it pos-
sible to recharge mobile
phones in seconds or a lap-
top within minutes.
The 3D nanostructure has
been designed by scientists
at the University of Illinois.
The nanostructure would
also charge high power
lasers and defibrillators,
required in surgeries, with-
out loss of time between
pulses, the journal Nature
Nanotechnology reports.
Paul Braun' s group at
Illinois developed the
nanostructure for battery
cathodes that allows for
dramatically faster charging
and discharging without
sacrificing energy storage
capacity, according to a
statement.
Aside from quick-charge
consumer electronics, bat-
teries that can store a lot of
energy, release it fast and
recharge quickly are desir-
able for electric vehicles,
medical devices, lasers and
military applications.
"This system that we have
gives you capacitor-like
power with battery-like
energy," said Braun, profes-
sor of materials science and
engineering at Illinois.
"Most capacitors store
very little energy. They can
release it very fast, but they
can't hold much. Most bat-
teries store a reasonably
large amount of energy, but
they can' t provide or
receive energy rapidly.
This does both." The per-
formance of typical lithi-
um-ion (Li-ion) or nickel
metal hydride (NiMH)
rechargeable batteries
degrades significantly when
they are rapidly charged or
discharged.
Making the active materi-
al in the battery a thin film
allows for very fast charg-
ing and discharging, but
reduces the capacity to
nearly zero because the
active material lacks vol-
ume to store energy.
Braun' s group wraps a
thin film into 3D structure,
achieving both high active
volume (high capacity) and
large current.
They have demonstrated
battery electrodes that can
charge or discharge in a few
seconds, 10 to 100 times
faster than equivalent bulk
electrodes, yet can perform
normally in existing
devices.
Braun is particularly opti-
mistic for the batteries'
Austin, Texas: Web engineer
Rangesh Kona has developed and
released an application U Twit
More to web users which can
bypass Twitters 140 characters
limit. The app posts messages of
upto 1000 characters directly to
Twitter. Access it at
http://www.utwitmore.com.
36 Humor
March 26 - April 1, 2011 TheSouthAsianTimes.info
Don't bug me to go camping
Now charge your cellphone in seconds
Desi app
bypasses
Twitter limit
Tech Life
Humor with Melvin Durai
by Mahendra Shah
Mahendra Shah is an architect by education, entrepreneur by profession, artist and humorist,
cartoonist and writer by hobby. He has been recording the plight of the immigrant Indians for
the past many years in his cartoons. Hailing from Gujarat, he lives in Pittsburgh, Pennsylvania.
Laughter is the Best Medicine
potential in electric vehicles, which
would slash charging time from
half a day to a few minutes.
Aries: This week social events will lead to
new contacts. You will find yourself bub-
bling with loads of energy. Your intuition will be
helpful in making crucial decisions. It will even
warn you when you are on the brink of some
trouble. Love and romances will dominate your
week as you go out of the way to please your
beloved. Pending jobs will be completed to your
satisfaction.
Taurus: Being aggressive will not bring
any benefits. A new job with better remu-
neration or position seems to come your way.
Children will seek your guidance to complete
school projects. Friends and spouse bring com-
fort and happiness. Contribute generously to
social organizations. Investment needs to be
made only after proper guidance. Get involved in
sports that are competitive and challenging.
G e m i n i :
This week everything you do, will be
done to absolute perfection, bringing you appre-
ciation and rewards from those around you.
However, try not to get too involved with roman-
tic affairs, as it will cloud your mind and will dis-
tract you from focusing on your goals. Your cre-
ative side will grow, bringing you popularity.
Later in the week, a spiritual person gives bless-
ings and good wishes.
Cancer: Work will be quite satisfying
this week as you accomplish more in less
time. Beneficial news, another job offer or a
fresh assignment will bring moments of happi-
ness and jubilation for you. Participating in orga-
nizational functions will bring growth opportuni-
ties. Sudden romantic encounter with someone
you have secretly admired will make your head
spin. Look for something to do towards the
weekend.
Leo: Someone will be jealous of you
because of your recent success. You need
to control your speech and thoughtless actions
otherwise it will disturb your peace of mind.
Diplomacy and tact will be required to handle
emotional situations. Activities with friends and
family members will be enjoyable. Children will
spend more time on outdoor entertainment rather
than look into their books. You will make long
lasting relationships during this period. Beware
of animals on the road, as they could be rather
aggressive.
Virgo: You need to take out some time
for visiting close friends, since your
recent work schedule has prevented you from
seeing them for a while. Messages from overseas
will lift your spirits. Use your imagination and
seek assistance from experienced people to finish
pending jobs. Rewards or gifts likely for some.
Health related problems might bring discomfort.
Your varied interests and vast knowledge will
become a major attraction for you at social gath-
erings.
Libra: This week you should get
involved in activities that will enhance
your technical knowledge. Meditation will make
you feel relaxed and yoga will boost additional
energy into your body. Business plans might not
work as planned. Little tact and patience will be
necessary to achieve desired goals. Difficulties
concerning financial matters will ease with the
help of friends, bringing happiness and peaceful
atmosphere at home.
Scorpio: Be straight forward and to the
point when you deal with your clients.
Common sense will be important to click new
business deals and pick up fresh assignments.
New job opportunities for few professionals.
Children will certainly give you a few problems,
but nothing that you cannot handle with proper
love and tact. You will find members of the
opposite sex very appealing, but try not to annoy
someone you really care.
Sagittarius: Your desire to go out and
search for new opportunities will win you
appreciation. Your involvement in group events
will help you make new contacts. Your creative
side will flourish bring you immense popularity.
Financial matters however will dampen your
work progress. Children will be a major source
of happiness. Outing with friends will keep your
relaxed. Shopping will be pleasurable and exit-
ing provided you do not exceed your budget.
Real estate investment will pay off well in the
long run.
Capricorn: This week dont overspend,
unless absolutely necessary. Your busi-
ness plans which have been lying low will gather
momentum as someone will offer you financial
backing as a partner. Elders and family members
provide you with necessary love and care. You
should follow your instincts when it comes to
making personal and important decisions. Avoid
spicy and oily food and exercise regularly to stay
in perfect shape.
Aquarius: This week will require you to
relax and not let irresponsible actions of
others bother your mind. You need to focus your
attention on planning your days ahead and stay
away from emotional melodramas. Your commu-
nication skill and knowledge will be highly
impressive. Spouse will remain cooperative and
helpful. Domestic issues need immediate atten-
tion. Attending function that attracts important
people will help you meet someone who will
help you achieve your goals. Be persistent in
your approach, but highly diplomatic.
Pisces: Your performance at office will be
great this week. You will gather valuable
information if you are open to new ideas.
Unexpected guests will crowd your place later in
the week. You should listen carefully to your intu-
itions as they are more profound this week than
normal and will have hidden messages. Meditation
and yoga will bring you spiritual as well physical
gains. A small pleasure jaunt towards the weekend
will be good for lifting your spirits.
March 26:
Ruled by number 8 and the planet Saturn, you are
independent, practical, responsible, simple, intelli-
gent and a highly disciplined individual. People ad-
mire you for your ability to handle responsibilities
with sincerity and dedication, but you need to check
your tendency to behave stubborn and jealous at
times.
This year you are likely to receive major gains and
recognition, as favorable stars move on your side.
You'll find it easy to achieve your goals and live up
to others expectations. Working on new projects
will ensure long term gains. Some of you will also
acquire ancestral wealth. Domestic front will re-
quire you to be tactful and diplomatic. Being stub-
born will only backfire and complicate issues. Chil-
dren will perform well in academics and sports.
Distant journey later in the year for pleasure cannot
be ruled out. The months of July, October and Feb-
ruary will bring happiness and prosperity.
March 27:
Governed by number 9 and the planet Mars. You are
smart, confident, sensitive, courageous and highly
diplomatic person. You are simple and go out of the
way to help others, but you need to control your ten-
dency to behave impatient, short-tempered and
moody at times. This year information will be the
backbone to your success. Your confidence and
morale will be high during this period and success
and gains will be with you. You will be in a good
position to seek favors, raise funds and lead others.
Financial gains are certain but do not be lavish in
your spending. Traveling will be highly exciting
and educating. Spiritual gains for some later in the
year. The months of July, September and February
will be highly important.
March 28:
Influenced by number 1 and the Sun. You are ac-
tive, energetic, authoritative, sober, brilliant, sys-
tematic and a talented person. You are a simple per-
son and do not believe in exhibiting your wealth
and style, but you need to check your tendency to
behave spendthrift, jealous and erratic at times.
This year will see a rise in your self-confidence.
You will be involved in activities that will secure
your future and help you improve your lifestyle.
New contacts that you develop will bring you bril-
liant opportunity for business and growth. Strong
romantic feelings from a member of the opposite
sex will bring new excitement in your life. You will
be in a commanding position at work, and lots will
depend on your shoulders. Exercise and proper di-
etary habit will be important to stay in perfect
shape. The months of July, November and January
will be important.
March 29:
Ruled by number 2 and the Moon. You are highly
creative, smart, simple, trustworthy, generous and
possess a sharp memory. You have excellent lead-
ership qualities and you can easily handle any dif-
ficult situation, but you need to check your tenden-
cy to behave selfish, moody and hypocrite at times.
This year life will to be a mixture of good and the
not so good. You will make good financial gains,
but money will slip through your fingers rather eas-
ily. Speculation and hasty decisions should be
avoided and money transaction needs to be made
very carefully. Family members will be caring but
behave highly possessive and demanding. This will
be the perfect year for matters relating to your heart
and forming a matrimonial alliance. Overseas jour-
ney for some cannot be ruled out. The months of
May and October will be productive.
March 30:
Influenced by number 3 and the planet Jupiter. You
are authoritative, dynamic, philosophical, inde-
pendent and intelligent person. Your outgoing per-
sonality and willingness to adopt new ideas keeps
you ahead of others, but you need to check your ten-
dency to behave reckless, spendthrift and selfish at
times. This year you will benefit from contacts that
you have made recently. Your vast business knowl-
edge will help you venture into lucrative fields and
you will improve your presence in the market. Fi-
nancial gains are certain, but unexpected losses are
also foreseen. Property/legal disputes will prove ex-
pensive and time consuming. Health definitely
needs more attention, especially for those suffering
from chronic ailments. Meditation and Yoga should
be practiced for spiritual as well as physical gains.
The months of May, September and January will be
eventful.
March 31:
Influenced by number 4 and the planet Uranus. You
are highly practical, enthusiastic and very philo-
sophical person. You take a very realistic view of
things in your day-to-day life and tackle them with
immense responsibility, but you need to check your
tendency to behave jealous and fussy at times. Stars
favor you this year, but you should avoid contro-
versial issues that might cause arguments with
loved ones. Financial gains through most unexpect-
ed sources will come your way. Unexpected help
from close relatives will bring you new business
opportunities. This is also a good time to make in-
vestments. Children will be supportive and bring in
some happy news later in the year. Pilgrimage or a
long journey will be high on your cards. The
months of April, June and November will prove to
be eventful.
April: 1
You are governed by the number 1 and the Sun. You
are also dominated by the planet Mercury. You are
blessed with many qualities. Intelligent and bright,
you do well in your educational career. Studying a
subject to great lengths, is your passion. Your inter-
est in science subjects, will prove an asset for you in
your professional career, in the year ahead of you.
The ability to study a subject with keen interest, with
an added capacity to put it into practice, will take you
to the height of success, professionally. Your practi-
cal approach to your work, will bring laurels for you,
from your seniors. Your ability to work well with
your colleagues, will be well received by your Boss-
es. A lover of music and art, you will be drawn to
artistic creations, in the year ahead of you. Your
pleasing personality and warmth nature, allows you
to make many friends. The months of April, July,
November and January will be highly productive for
you.
Astrology 37
TheSouthAsianTimes.info March 26 - April 1, 2011
By Dr Prem Kumar Sharma
Chandigarh, India: +91-172- 256 2832, 257 2874; Delhi, India: +91-11- 2644 9898,
2648 9899; psharma@premastrologer.com; www.premastrologer.com
Stars Foretell: March 26 - April 1, 2011 Annual Predictions: For those born in this week
i) Accurate Data: Please make sure Date,
Time and Place of birth is accurate.
ii) Careful: Did you check background of the
astrologer before disclosing your secrets.
iii) Fee: Discuss the charges before, dont feel
shy. Its his business.
iv) Expectation: Expect the best, if the out-
come is not as desired, never give up.
v) Consult: Take second opinion before
spending thousands on cure/remedies.
Learn about the fair value of
diamonds & precious stones.
To the readers of The South Asian Times
by an expert gems dealer.
For appointment, please call 516 390 7847 or
email consult.gems@gmail.com
Before you consult...
Free Consultation
By Sant Rajinder Singh Ji
Maharaj
L
ife and strife seem to go
hand in hand. We have all
experienced this. Any hap-
piness that we receive is often
short-lived, for at any moment we
may suddenly find ourselves in
states of sorrow.
Disturbances occur at each and
every stage of our life. Although
existence in this world is turbu-
lent, life should be more than a
pendulum in which we swing
back and forth between moments
of joy and moments of sorrow.
The dictionary defines peace as
freedom from strife, a state of
serenity, calmness, and stillness.
Despite the obstacles, we can
attain true peace in this lifetime,
but to do so, we need to undergo a
shift in our way of thinking. Our
angle of vision needs to change.
We tend to look for peace in the
outer world. We hope to find it in
our possessions, positions, and
relationships, but the loss of any
of these causes us to become agi-
tated and distraught. Our peace of
mind is disturbed.
Everything in this world is sub-
ject to change and eventual decay.
So long as we look to the transito-
ry world for happiness, we will be
disappointed. We need to change
the way we look at this problem.
An anecdote from the life of the
Moghul Emperor Akbar can help
us in this regard. Akbar is consid-
ered to be one of the most enlight-
ened emperors of India. He had a
number of advisors to help run his
kingdom.
Among these great minds was
Birbal, the wisest of them all. He
was quite clever and could figure
out solutions to difficult problems
by looking at them from a totally
different perspective.
One day Akbar wanted to test
his advisors, so he presented them
with a puzzle. He took a stick and
drew a line in the sand. He asked
the advisors to try to shorten the
line without erasing any part of it.
Each counselor took a turn, but all
were stumped. They could not fig-
ure out how to make it shorter.
Finally, Birbal came forward,
took the stick, and carefully drew
a line next to the one the emperor
had drawn, but Birbal made his
line longer. By drawing the sec-
ond line longer, it made the origi-
nal one look shorter.
The solution to finding peace
requires us to look at the problem
from a new perspective. We can-
not change the nature of the world
or its problems, but we can add a
new dimension to life that will
give us peace. Lasting peace can
be found within us. Enlightened
luminaries throughout history
have had mystical experiences
which verified for them the exis-
tence of an inner spiritual reality.
Mystics from every religious tra-
dition have described their inner
spiritual experiences. They have
spoken of heavenly realms that
co-exist with the physical world.
These are realms of joy and love
which are within us. They are
regions of eternal peace and bliss
beyond time and space. Although
we cannot change the fundamen-
tal nature of the world, we can
become attuned to the worlds
lying within us. In order to find
peace in the world, we must first
find it within ourselves. We can
do this only by changing our per-
spective in life.
The way to reach the spiritual
realms is to invert through a
process known as meditation.
Through meditation we can sepa-
rate our soul from the body and
voyage into the regions within.
We have within us an opening
or door by which our attention can
enter the higher regions. This
entryway is located between and
behind the two eyebrows, referred
to in many ways by various reli-
gions and philosophies. It has
been called the single eye or third
eye, the shiv netra, divya chakshu,
daswan dwar, or tenth door. If we
can withdraw our attention from
the outer world and focus it at this
point we will see the Light of the
higher regions reflected therein.
As our soul collects at this point,
it rises into the beyond. We may
spend our time seeking worldly
enjoyments, but they last for only
short periods of time. So long as
our attention is identified with the
world outside, we are faced with
the problems and miseries that are
inherent in physical existence. By
inverting our attention and rising
above the physical body through a
process of meditation on the inner
Light, we will find regions within
which give us lasting peace.
For more visit www.sos.org
38 Spiritual Awareness
March 26 - April 1, 2011 TheSouthAsianTimes.info
W
e all know about Isaac
Newton and that many
scientific developments
are based on his insight. Once,
when someone talked to him
about his knowledge, which was
helping many people all over the
globe, he said that his knowledge
was just like a pebble on the shore
of an ocean.
Whatever heights we might
attain in the physical, mental, or
emotional arena, we have no real
knowledge of the truth, and unless
we are enlightened spiritually,
there will be no unity between
humans in the true sense.
What we first need to under-
stand is that we, ourselves, are
love. We are love because we are
each a part of God, who is an
ocean of all love. The second
thing that we need is to accept that
love in others. They might look
different from us, belong to differ-
ent faiths or speak different lan-
guages, but if we would learn the
language of love then we would
be able to communicate with oth-
ers. If we love someone, we will
care for them. We will never do
anything to hurt them. So when
we truly, truly love anyone, then
we will take care of them, share in
their problems, and make sure that
the quality of their life is better.
As we help each other, unity will
definitely be a part of our exis-
tence.
As we look at our life, how do
we really live? Most of us spend
time during the day in pursuit of
this materialistic world. We search
for happiness, we search for truth,
and we search to have unity, but
the object of our search is on the
outside. As long as the object of
our search remains on the outside,
we will never find eternal truth
and unity, because everything of
this world is perishable.
The only thing that is permanent
is the divine treasures, God the
Creator, and what has been called
the Holy Word, Naam, Shabd,
Kalma, Jyoti and Sruti, Sonorous
Light, Celestial Music, or
Harmony of all harmonies. These
are different names given in dif-
ferent languages to talk about the
creative force that emanated from
the Lord and created regions after
regions of existence.
When humans set foot on the
moon and looked at the earth, it
seemed like a small, insignificant
speck in the universe. As science
has developed, we know there are
many, many other galaxies in the
physical region. Likewise, the
great saints and mystics tell us
that there are many, many other
regions beyond the physical:
regions that are more conscious
and more spiritual than this physi-
cal region of ours.
As that realization sets in that
we are only a part, then the desire
in us is ignited to know the whole.
It is natural that we all want to
know who we are, and what is our
relationship with the Creator. As
that realization sets in, the passion
to understand our true state comes
to us. That passion is fulfilled
only when we go within our-
selves.
The great saints and mystics
have always talked about being
able to focus our attention within
ourselves because this is where
the treasure house of divinity
resides. As we connect with the
divine power, we will be trans-
ported to regions of love, peace,
and bliss.
When we start on our spiritual
journey, we will find that unity
comes automatically in our lives
because as our soul merges in the
Creator, we realize that every liv-
ing form is a spark of the Creator.
When that happens we realize that
we are not only a Sikh, a Hindu, a
Christian, a Muslim, a Jain, or a
follower of any other religion, but,
in truth, we are soul. In truth, we
are spirit, a part of God.
Generally what happens is that
as a human being, we feel that we
are not capable of making a differ-
ence.Many of you might remem-
ber that it was Benjamin Franklin
who put the first street lamppost
in front of his house. When he did
so, everyone said, He is crazy.
Why is he putting light in the
area? But he lit it up
night after night. Soon everyone
in the neighborhood started put-
ting up street lamps and there was
light for everyone to see where
they were going.
Similarly, if we were to connect
to the Light within ourselves, we
might think that it wont make a
difference, but if we recognize the
divine Light within ourselves, that
Light is going to remove the dark-
ness in our own surroundings, in
our families, and in our work
environments.
Soon, those with whom we
come in contact will also follow
our examples. As the great mystic
poet, Sant Darshan Singh Ji
Maharaj, has said:
I started alone on the journey of
love filled with faith and zeal. At
every step, travelers joined me,
and soon we were a caravan.
As we become peaceful within
ourselves, let that peace radiate
from us to everyone with whom
we come in contact so that we will
be living in an age of peace, of
love and of harmony as we spend
our time on this earth.
Sant Rajinder Singh Ji
Maharaj, an international spiritu-
al leader and Master of medita-
tion, affirms the transcendent one-
ness at the heart of all religions,
emphasizing prayer and medita-
tion as building blocks for achiev-
i n g
peace.www.jyotimeditation.org
Achieve Unity through Spirituality
By Sant Rajinder Singh
Ji Maharaj
We cannot change the nature
of the world or its problems,
but we can add a new
dimension to life that will give
us peace. Lasting peace can
be found within us.
Freedom from strife