India and China: where miracles happen

Other | 2007/08/29 14:21 | Web 2.0 Asia
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Chosun Ilbo reports (note: article in Korean) an interesting article about Sunil Bharti Mittal, the Chairman of Bharti Group, which has Airtel mobile carrier.
Mittal apparently went to Samsung India in November 2000, seeking for a $12M investment in Airtel - only to be declined by Samsung India. Now the 57-year old is the 6th richest person in India with a $9.5bn personal net worth. Mittal is now about three times richer than Chairman Lee, the owner of Samsung Group. He could be lending some money to Samsung.
The article gives this as an example of funny things happening in rapidly growing societies, notably India and China. No wonder Silicon Valley VCs are talking about India and China even in their sleep.
TAG , Mittal
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