MercoPress - South Atlantic News Agency republished Ambassador R. Viswanathan's article on the failure of Jindal’s mining and steel project in Bolivia. Ambassador opines that a foreign investment plan should always be corroborated with a proper political risk analysis to ascertain the understanding of local politics and culture.
Jindal’s integrated mining and steel project in Bolivia was the largest contract secured by an Indian company in Latin America. The project, which ultimately became a victim of the country's domestic politics, has lessons for Indian companies venturing into Latin America
The Financial Times quoted Gateway House's Manjeet Kripalani in its article on the World Economic Forum in which the Indian tycoons were conspicuous by their absence.She argues that these corporates are no longer the heroes of this country.