Making Business Deals in India and China

PanAsianBiz ^ | June 25, 2006 | Dr. Bill Belew

[G. Stolyarov II]

It used to be, well, perhaps it still is, that Indian students did their darndest to come to the US to go to grad school, learn business, or master the technology of the computer.

Now, there has been a turn. American college grads are opting to go to India.

A stint working in India can be quite an addition to a young worker's resume.

India's high-tech and banking companies need skilled workers.

A company like Infosys, which has grown from 500 workers to 50,000 workers in the past dozen years, has hired many young Americans.

Of course, the biggest obstacle to a Californian or any other American going to India is the major cultural adjustment.

But, therein lies the reason for going. A person wanting to do business with India or China or any other country for that matter, and who wants the respect of Indians and Chinese ought to -- make that needs to -- make the plane trip and take the rite of passage in a foreign country.

At a recent summit I attended on investing in China and India, the single most expressed theme of the conference was that -- if you want to do business with Indians and Chinese:

1. Get on an airplane!

2. Make the trip.

3. See the countries first-hand.

4. Make friends.

5. Then sign deals.

It seems some young Americans are taking this more seriously.

What do you think?

[G. Stolyarov II]

Most interesting; it seems that the trend of Asian students coming to America has now been reciprocated -- a further indication of the developing global economy and the increasing integration of Asian countries like India and China into it. See Dr. Belew's blog at PanAsianBiz

[MimirsWell]

There's nothing to think really.