Once there was a craze among big Industrial groups in India to set up business ventures in Africa. Results from this were not so encouraging so far. Bharati Airtel is the latest instance with its net profit down to over 30%. What have you to say about this?
Many industrial houses did venture out to Africa in the hope that, they would be able to do good business considering that the cost of production would be much lower than in India. But poor Govt support in getting the ventures to take off has put paid to their hopes and many have exited. But there are exceptions like Ethiopia which is seeing some sense of stability after decades of r_ape by the Marxist military establishment and the Eritrean war. Of course, South Africa can be called an exception because it is an emerging economy and there is better form of Govt. Lots of companies are checking out S.A as an investment avenue.