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Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity.

There was a time when bright people had few prospects for higher education and good jobs here. But that is changing. India is no longer seen as an undesirable place to work or pursue research.

India is still considered a preferred destination for many multinationals to manufacture cost-competitive high-technology products for domestic consumption as well as for global demand.

Our aim should be to make India a global R&D hub.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

I just feel that sooner or later, the sheer potential of the demographics of India, which is 1.25 billion people, will eventually be very attractive to the entertainment industry.

India has the unique advantages of having the biggest domestic market and this should support IT companies.

To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.

We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.

I am sick and tired of the process where everybody tells you that Indian companies don't have the technology and capability. We need to put money where our mouth is and make things happen, and that is what we are trying to do.