Office bearers of Govinda Pai Memorial Committee informed at a press conference held here on Friday June 21, that union petroleum minister, M Veerappa Moily, will be laying the foundation stone for the construction of ‘Gilivindu’, a cultural hub being built as memorial to Rashtrakavi Manjeshwar Govinda Pai. The building, which was conceptualized several years ago, will come up at Manjeshwar in the district where the late poet’s house stands.
“The foundation-laying function will be chaired by MP, P Karunakaran. MLAs, P B Abdul Razack and N A Nellikunnu, zilla panchayat president, Shyamala Devi, district collector, P S Muhammed Sagir, will be among the dignitaries who will grace the function. The project cost of this cultural hub, including museum, open air theatre, indoor theatre and library, has been put at Rs 3.8 crore.
This project will be jointly funded by Kerala and Karnataka state governments besides the central government.
District collector, P S Muhammed Sagir, additional district magistrate, H Dineshan, information officer, K Abdul Rahman, B V Kakkillaya, and others were present at the press conference
source: http://www.daijiworld.com / DaijiWorld.com / Home> Karnataka / by Stephen Kayyar / Daijiworld Media Network – Kasargod (SP) / Saturday – June 23rd, 2013
Dr. Geetha Avadhani, Dean and Director, Mysore Medical College & Research Institute (MMC&RI), was conferred Sri Nalwadi Krishnaraja Wadiyar award at a function jointly organised by the District Administration, Kannada & Culture Department, MCC, MUDA and Ursu Mandali at Kalamandira on June 22, to mark the 129th Jayanti celebrations of Sri Nalwadi Krishnaraja Wadiyar.
Dr. Geetha Avadhani was conferred the award in recognition of her contribution to the medical field. MMC&RI staff have congratulated her for the award.
source: http://www.starofmysore.com / Star of Mysore / Home> General News / June 28th, 2013
Devadiga United in association with Karnataka Rajya Devadiga Sangha hosted the maiden ‘Mr and Miss Devadiga 2013’ contest at Devadiga Samaja Bhavana, Mannagudda here on Saturday June 29.
In ‘Mr Devadiga’ category Ashwin Kumar from Bangalore was declared the winner while Amrith Raj from Mangalore was the first runner-up and Anush Pratheek was the second runner-up.
In ‘Miss Devadiga’ category Meghna Nagesh from Mangalore was declared ‘the winner while Kishori Devadiga from Mumbai was the first runner-up and Neha Devadiga from Mangalore was the second runner-up.
The contest was held online and the winners were selected through a combination of public voting and decision by jury. The grande finale was held on June 29.
The event began with a saxophone concert by National Award winner Meghana Saligrama and Abhin Devadiga.
Thrilling dance performances by ‘Boyzone’ dance crew and ‘Sizzling Guys’ as also by Pratheeksha and Jasmita entertained the crowd. Young and talented rappers of Mangalore Yashas Devadiga and Melric also performed.
The programme was hosted by TV anchor VJ Vineeth along with Deepa L D.
The top ten contestants in both categories were judged by Dayanand Kukkaje, ace photographer of Daijiworld, Disha Dinakar, ‘Miss Mangalore 2012’, Ameeta Devadiga, creative director of Cinevistas, Darshan Kapadia, CEO of Premier Entertainment, and Prasanna Devadiga, CEO of DeWallet.
Vaman Maroly, vice-president, KRDS, Sri Ramachandra Devadiga, general secretary, KRDS, Hemanth Devadiga, Chirag Mangalore Builders and Developers, Dayanand Kukkaje, and Disha Dinakar were present during presentation ceremony.
Team Devadiga United’s Pavanesh Devadiga and Amith Devadiga and team initiated and organized this successful event.
source: http://www.daijiworld.com / DaijiWorld.com / Home> News / by Daijiworld Media Network – Mangalore (BG) / Sunday – June 30th, 2013
Fed up with Bangalore being in the news for all the wrong reasons – strewn garbage, chaotic traffic, air pollution, water scarcity, et al – a citizen’s group is to launch a “leadership incubator” for aspiring corporators aimed at raising the governance quotient in the city known as India’s tech capital. Civic elections are due in less than two years.
“Currently this is meant for aspiring corporators. We will examine if we need to extend this to existing ones as well,” said Revathy Ashok of the Bangalore Political Action Committee (B.PAC), which is backed by the city’s top movers and shakers.
While details of the course are being worked out, Ashok said “the programme is planned to be of 18 months’ duration.”
The first three months would centre on induction of selected participants with “sessions from experts on leadership, campaign management, branding , outreach and communications, public policy, ethics, BBMP (Bruhat Bengaluru Mahanagara Palike or the Greater Bangalore City Corporations) and governance structure, legal and financial issues related to BBMP, development and diversity issues in the city, PPP (public-private partnership) models and the like,” Ashok told IANS in an interview.
The next 15 months would be “on the field work at the ward level consisting of documentation of issues, identification of problems and suggesting solutions and working with citizens’ groups to solve at least two key issues,” she said.
“This is to ensure that theoretical knowledge is supported by strong grassroots experience in public service”, Ashok pointed out.
B.PAC president Kiran Mazumdar-Shaw, head of biotechnology major Biocon, last week unveiled plans to start the training course.
B.PAC was formed in February by leading entrepreneurs, former bureaucrats, sportspersons and artists to work for a better Bangalore. It has the backing of IT icon and Infosys co-founder N.R. Narayana Murthy.
While Mazumdar-Shaw heads B.PAC, former Infosys director and now head of Manipal Global Education Services T.V. Mohandas Pai is the vice president and former Karnataka additional chief secretary K. Jairaj is the secretary. Former athlete Ashwini Nachappa, swimmer Nisha Millet and Bharatanatyam dancer Vani Ganapathy are among the trustees.
The plan appears timely as elections to the 198-member BBMP are due in less than two years. The city is divided into 198 wards.
The last election was held in April 2010 when the Bharatiya Janata Party captured the civic body for the first time.
On whether B.PAC would provide the training free or charge a fee, Ashok said “a fee will be charged so that the candidates take this more seriously. However, we will try to subsidise this to the extent possible”.
Details about the quantum of the fee are being worked out.
Asked if political parties were willing to support the programme, Ashok said: “These are early days. We have not been approached by any political party. Whatever we do, we will be party agnostic, non-partisan and apolitical. We want to develop at least 100 young leaders from the grassroots to become good corporators.”
Bangalore is now home to nearly 10 million people and over four million vehicles but infrastructure development has not kept pace with its rapid growth, particularly after it became the country’s IT hub in late 1990s.
With the growth came traffic congestion compounded by poorly maintained roads and vehicular pollution. In the last one year, the city’s biggest problem has become garbage disposal with BBMP officials and the elected representatives seemingly clueless on finding a lasting solution.
source: http://www.firstpost.com / FirstPost. / Home> Firstpost> Fwire / by IANS (V.S. Karnic can be contacted at vs.karnic@ians.in) / Bangalore – June 12th, 2013
Dr. K. Radhakrishna, Additional Director, Defence Food Research Laboratory (DFRL), Mysore, is seen receiving the ‘DRDO Scientist of the Year Award-2012’ from A.K. Antony, Defence Minister, at DRDO Bhavan in New Delhi recently.
Mysore :
Dr. K. Radhakrishna, Scientist ‘G,’ Additional Director, Defence Food Research Laboratory, Mysore, was conferred with the ‘DRDO Scientist of the Year Award-2012’ at DRDO (Defence Research & Development Organisation) Bhavan in New Delhi recently, for his contribution in developing freeze dried products and test kits for critical missions for Armed Forces and for the space missions.
Defence Minister A.K. Antony presented the award.
Minister of State for Defence Jitendra Singh, Chief Scientific Advisor to Defence Minister Dr. V.K. Saraswath, Chief of Air Staff, Naval Chief, Secretaries from Defence Ministries, Chief Controllers of DRDO, Directors of various DRDO Laboratories and DRDO Scientists from all over the world were present.
source: http://www.starofmysore.com / Star of Mysore / Home> General News / June 03rd, 2013
Abhilash taking a look at his art work depicting ‘Birth,’ creation of life. Pictures centre and right show two of his art works on display at CAVA.
To create an innovative piece of art is to work towards an idea that stands out and who better to talk to than our very own sculptors of Mysore. Whether it is stone carving or metal casting, junk scrap metal welding or fiberglass molding, these artists have created a whole new platform of creative thinking and innovation in the field of sculpture.
Meet A.R. Manjunath, a sculptor par excellence who hails from Mysore. As a child, he found his calling in art and followed it. He completed his undergraduate degree BFA in painting from CAVA (Chamarajendra Government College of Visual Arts) but chose to pursue his Master’s in Sculpture and ever since there has been no stopping for this artist.
He chose stone as his main medium to work with and when he works his touch turns them into meaningful pieces of art that speaks out loud let alone standing out. His work has never been simple carving but each work has a distinctive idea behind it. In some sculptures the use of metal is seen and they are not just an add on, but fully part of an idea to bring in life. Another peculiar feature of Manjunath’s work is that they have different shades and textures on different faces of the same stonework. He is currently working on transforming waste rocks into creative pieces of art.
H.P. Abhilash, another sculptor from Mysore, brings in the word creativity and innovation in his art. He is currently an MFA student in CAVA who completed his BFA from the same institution in 2011. This sculptor uses scrap metals to create wonders bringing in meaning to junk and scrap metal as he creates ideas that strike a thought in the minds of people.
His recent work speaks for itself. The concept of ‘Birth’ has been moulded artistically to show the creation of life in a story that stands apart. The use of stone and metal rods to describe the process of a birth is marvellous.
Another sculptor who has broken all odds and made her way to the top is Dr. Geethanjali, a well-known sculptor from Mysore. She is a great example of achievement and passion of a woman in a field like sculpture where men are said to have failed. Her achievements and awards would exceed words but that does not stop this humble and passionate artist from doing what she loves.
She completed her BFA from CAVA in 1999 and did her MFA in Kalabhavan, Vishwabharathi Shantiniketan in West Bengal in 2001 and became the first sculptor in Karnataka to receive a Master’s degree in sculpture. She went on to complete her Ph.D in 2008 at Kannada University, also making her the first sculptor in Karnataka to hold a Ph.D. Her awards are many, one of them is the Karnataka Shilpakala Academy award in 2005.
She has also attended ten stone camps around India and exhibited her special skills and innovative ideas in sculptures. The chisel and hammer in her hand are her instruments to her creative thinking. She currently works as a guest faculty in CAVA and lighting designer for amateur drama groups.
As the saying goes, ‘as is the teacher so are the students,’ she proves the saying can be applied to the world of sculpture as well. Her recent work is 20ft cement work for the drama ‘Arya Dravida’ in Kagemanti near Mandya.
These sculptors have brought in a new light to the world of sculpture and will continue to break all odds to create works of art that speak ideas that would make a difference in this era where actions speak louder than words.
source: http://www.starofmysore.com / Star of Mysore / Home> Feature Articles / by Sharon Nisha Patrick / June 01st, 2013
Director Yograj Bhat needs no introduction to Kannada moviegoers. A prominent film director, lyricist, producer and screenwriter in the film industry here, he has managed to mesmerise his fans with his decidedly different take on story-telling. A Sharadhaa chats with the director at his Banashankari office.
In a career spanning more than a decade, how would you describe your achievements and where would you place yourself in the Kannada film world?
First of all, I don’t consider my career as any big achievement. I entered this field on a lark to become a cinematographer but soon turned a director. Even my directorial ventures faced hiccups and some of them flopped. Mungaru Male was a roaring success but was it me or the people – the team comprising Ganesh and E Krishnappa – that made that happen? Probably, whatever I do, I do with bare minimum responsibility and that is what has kept me going.
In ten years, you have made only 5-6 films. Why is that?
Essentially, I am not a story writer. But since we don’t have many competitive writers in the industry, director Soori, who is a friend, and I started writing stories. That process takes time, at least, six to eight months to bring ideas to paper. Sometimes, we even trash a finished story, if it doesn’t feel perfect. Once we chance upon the right stories, then at least 2-3 films can be churned out in an year and a half. But that doesn’t happen.
Mungaru Male was a runaway success which has been hard to repeat. Is it because you became formulaic – scenic locales, an unusual angle coupled with Ganesh in the cast? You did this with Galipatta which did well, but not like Mungaru Male.
It is a complicated question. I don’t know whether Mungaru Male can be replicated. Even if I do make a better film than that, I wouldn’t know if it will run. If I attempt a good film, what is it that I should do for it to run at the box office? Who decides that? It is definitely not in the hands of the creator. Success and milestones are created by people. We only attempt to go deeper into the art and hope to make a success of it. All records are b*&%#@*t. I never expected Mungaru Male to be a big hit.
Entertainment is what drives Yograj Bhat. Can he ever get into serious films?
I am not sure. I might try to do a dark movie sometime in the future. I don’t know how to preach or underline a story. I can’t justifiably show whether this guy is good or bad or how the good should fight the bad. Love, also, can’t be overemphasised. Since there is no one underlining element in my films, they lack strong stories but they definitely have engaging content that connects with the audiences. I go by this expression and narrative; I can’t be philosophical or give messages through my films.
You are rated as the number one director in the Kannada industry.
This number 1 to 10 is sheer stupidity. I was never in the race then or now because the term success or top rank is a passing phase. Today what might be ours will be for somebody else tomorrow. It is better not to get into the race.
Your films tend to target the youth most of the time. Is that on purpose?
It is the youngsters aged between 16 to 20 who first get attracted to cinema, followed by the 30 and 40-plus category. They spread the message and publicise the package and that’s how a film is seen by a varied audience. If we make movies for the 50-plus audience, we will not be able to reach them. Even if we go house to house and spread the word, we will not see these people coming to theatres. Target audience is a cliched term. The youth need entertainment. They easily connect with society and bring more viewers to the theatre.
Many feel that your dialogues rely on double meanings, comical elements and punchy one liners. How do you manage to write such colourful lines?
I have never portrayed vulgarity in my films. Probably, that is my strength. What you call vulgarity has never entered my arena. Writing is a kind of meditation which has to be told in a cinematic and entertaining way. Peculiar characters need to be created and the right kind of actors have to be selected. Actor, character, writer, they all get linked to each other. All this put together converts to a performance which is cinema.
People come to see Yograj movies with lot of expectations. Does it scare you?
Always. I am terribly scared. Be at signals or going to a petty shop, I feel anxious about people’s reaction. The recognition and love showered on me is unbelievable. We don’t know when they will chase us out or love us, and that’s what scares me.
Who are your favourite stars, those you feel most comfortable with? Who best brings alive your ideas and thoughts?
Everyone with whom I have worked is quite competitive. It is wrong to rank them high or low. There are actors who put in lot of effort in playing a role that a few do effortlessly. However, some have failed miserably in spite of their hard work. I don’t want to name them as I love them all.
You are the highest paid lyricist in recent times; why not shift to this full time?
Writing lyrics is a temporary phase. I don’t have any qualities to be a full-fledged lyricist. My schedules are really horrible. I started writing for my friends six years ago. I might have written lyrics for some 60 to 70 songs. Although, they say I am the highest paid lyricist, I am yet to be paid for 90 per cent of my work. That is the irony of it.
Why have you turned to acting now? Is it for the rush of seeing yourself on the big screen?
No. I never wanted to be an actor. A few of my assistants are making a movie with Gadda Vijji who has now turned director. It is one of the best scripts I have come across, till date, and, therefore, I supported the producers.
There is no particular hero in this film. The makers couldn’t cast the right person or weren’t able to afford an actor. I don’t know who gave them the idea but they pushed me into doing this. I am doing it for a cause.
Any message for your fans?
Be naughty and happy.
source: http://www.newindianexpress.com / The New Indian Express / Home > Cities> Bangalore / Express News Service -Bangalore , by sharadhaa@newindianexpress.com / May 18th, 2013
“Vedantha Hemmige, who was a bundle of energy throughout his life for any movement, was a model politician too,” said former MLC D. Madegowda.
He was presiding over a programme organised at the Freedom Fighters Park premises in Subbarayanakere grounds here yesterday to mark the 2nd death anniversary of freedom fighter Vedantha Hemmige.
Madegowda pointed out that Hemmige was an amicable person for every one who had a fighting spirit even in distress situations. He regretted that money was ruling the society now.
Freedom fighter Revanna, speaking on the occasion, recalled that Hemmige was instrumental in holding the Freedom Fighters’ Association members together during a period of dissidence. He added that Hemmige had all the qualities of a true leader who never showed pride even when he was a legislator.
Freedom Fighters’ Association President D.N. Jagadish, working President Dr. M.G. Krishnamurthy, Secretary M.R. Ramasesh, District Kannada Sahitya Parishat President M. Chandrashekar, FPA India President Maddikere Gopal, Bhargavi Hemmige (daughter-in-law of late Hemmige), Prof. P.V. Nanjaraj Urs, former Mayor Purushotham and others were present.
source: http://www.starofmysore.com / Star of Mysore / Home> General News / May 04th, 2013
Charitable donations of wealthy Indian firms is only 0.6-1% of GDP, compared with 2.2% for American companies
Pic: Business Standard
Many believe that Indian businessmen have cash registers for hearts. Their philanthropic contributions are believed to be insignificant in comparison to their wealth. According to the 2012 Forbes list, the wealth of the 100 wealthiest Indians is around $250 billion—13.89 per cent of India’s GDP. But, according to the estimates of a 2010 report of Bain Company, the charitable donations of Indians is only 0.6 per cent to 1 per cent of the GDP, when the charitable contribution of Americans is around 2.2 per cent of the GDP.
But, before one jumps to a conclusion, there is the other side of the story as well. On a program aired on the CNN recently, Ratan Tata, former chairman of Tata Sons, said that of 60-65 per cent of the Industrial proceedings of Tata Sons goes into programmes for education, medical, rural development or eradication of poverty. Only two per cent of the industrial proceedings go to the family.
Tata is the chairman of the Tata Trusts, which is among the largest private sector philanthropic trusts in India.
He is not alone. In February 2013, Azim Premji, the Chairman of Wipro became the first Indian to sign the giving pledge. Premji had also donated $ 2.3 billion to a trust to fund Azim Premji Foundation, an education-oriented non-profit. The giving pledge group was founded by Warren Buffett and Bill and Melinda Gates in 2010 to urge rich businessmen to donate a significant part of their wealth. With a net worth of $ 16 billion, Azim Premji is the 3rd richest Indian, and the 41st richest person in the world. Premji is also among the world’s top five givers. But, many think of them as an anomaly in a country where businessmen have billion dollar homes.
Gurcharan Das, author and former Procter and Gamble India CEO said philanthropy is a new idea in India when countries like the United States have a culture of philanthropy. “More and more people will donate to charitable causes in the future.” he said.
However, evidence suggests that philanthropy in India is often informal, and far more than suggested by data. Bibek Debroy, an economist, and a research professor at Centre for Policy Research said though Indians do a lot of philanthropy, much of it is to religious institutions, is informal and does not appear in the official records.
Veena Jha’s recently published work, “India Emerging: The Reality Checks” sheds light on the long philanthropic tradition in India. Charitable donations have increased radically in the post-reform period. Studies of ‘The Society for Participatory Research in Asia’ between 2000 and 2002 shows that 53 per cent of the charity in India operates in rural areas and nearly half of it is unregistered.
Some studies suggest that nearly half of Indian households give charity. In India, non-profit activity, especially private nonprofit activity, is much higher than the global average. According to Bain and India’s annual philanthropy report, the private donation to charity had gone up by 50% from 2006 to 2011.
“A part of the philanthropic donations in India is to institutions abroad, like the universities and think-tanks. This is partly for visibility. But, many of them have studied abroad, and feel indebted to their alma mater.” Bibek Debroy said.
In 2010, Anand Mahindra had donated $ 10 million to the Harvard University, and Ratan Tata’s $ 50 million donation to the Harvard Business School in 2010 was the largest international donation in its history. In December 2012, a Delhi-based entrepreneur Sharik Currimbhoy had pledged $12.12 million to Columbia University, and businessman Siddharth Yog had gifted $11 million to the Harvard Business School.
Some economists have proposed an estate tax and corporate social responsibility (CSR) practices to increase the philanthropic contribution in India. While the former was not to the liking of the Finance Ministry, at least in the budget for 2013-14, the latter is there in the Companies Bill, 2012 which is yet to be passed by the Rajya Sabha.
Ajay Shah, a professor at National Institute of Public Finance and Policy (NIPFP), said an estate tax will help inter-generational class mobility and to reduce the concentration of wealth.
“Incentives do matter. But, I do not see this as a black-and-white issue. It is perfectly possible for a man at the bottom to rise to the top, and I admire people who come from a humble background, but in our country, it is very difficult to do so,” he said.
However, he voiced views against CSR. ” But, CSR is a bad idea because it puts managers in control of the purported charitable objectives of shareholders.” Ajay Shah said.
But, doing charity is intrinsically difficult. Steve Jobs had once said that he is not deeply engaged in philanthropy because there is no measurement system—-It is very hard to measure whether you have succeeded or not.
According to the Bain and India philanthropy report, 80 per cent of the individuals and 90 per cent of the NGOs are satisfied with the efficacy of their philanthropic activities. Many economists think that this is because people often donate for the “feel-good” factor, and prefer to believe that their money goes into the right causes.
Many, like Bill Gates had proposed solutions to this problem which is magnified in India, where philanthropy is informal, and the feedback mechanism weaker. Some proposed solutions include measuring the funding for social causes, the teacher absentee rate, and the extent of corruption.
Gurcharan Das opined that this is not severe problem. “The Gates’ foundation is known for their accountability and their work to counter AIDS in many poor countries, including India. Though it is hard for individuals to do philanthropy, they can pick a good NGO to donate their money to. It only takes a Google search to find out the NGOs that are more accountable.” he said.
But, Nitin Pai, the founder of The Takshashila Institution said because it is difficult to measure the outcome in philanthropy, people often measure the outputs. “Across the world, they tend to focus on impressing the donors, which is not always a good thing. Feedback mechanisms, if not properly designed, can skew the outcome. It is important to realize that this is intrinsically difficult.” he said.
And, charity will never be sufficient. Economist Jagdish Bhagwati once said that an outright redistribution of wealth would only increase the food consumption of the poor by one chapatti a day. Some economists have estimated that sharing the total wealth in developing countries would leave its citizens with a few dollars a day. It is clear that charity will not solve the problem of world poverty.
“Poverty is too big a problem to be solved by charity alone, but that does not undermine the case for charity.”, Ajay Shah said.
source: http://www.business-standard.com / Business Standard / Home> Companies> Features / by Shanu Athiparambath / New Delhi – April 20th, 2013
So far, about $25 million has been committed towards the fund, which has started processing applications. Photo: Ramesh Pathania/Mint
Fund to process 300 applications every quarter; selected start-ups will receive funds between $150,000-300,000
Bangalore:
A group of investors and venture capitalists led by the private equity fund set up by Manipal Education and Medical Group head Ranjan Pai and former Infosys director Mohandas Pai are investing in an accelerator fund for early-stage social media, mobile and cloud computing start-ups.
The Habit Fund will be managed by Silicon Valley venture capitalist and entrepreneur Sunil Bhargava of mobile start-up incubator Tandem Capital and Rohit Bhagat , former Asia Pacific chairman of Black Rock Inc., and aims to raise $75-100 million, according to two people directly familiar with the matter, requesting anonymity.
The accelerator will process about 300 start-up applications every quarter, of which about a dozen will be shortlisted for Series A, or early-stage funding. It will take about another quarter to be fully operational, said one of the people cited above.
Each start-up will receive anywhere between $150,000-300,000 in funding, depending on requirements.
“This fund is going to invest in the intersection of mobile and consumer…and the accelerator will be based in Bangalore,” said the person. So far, about $25 million has been committed towards the fund, which has started processing applications. At least four start-ups have been shortlisted and are close to securing funding.
“There are going to be a few ideas that are going to be global in their outreach and be successful with far less levels of investment than earlier. This entire fund focuses on ideas which touch these three aspects—social, mobile and cloud,” said the second person familiar with the matter.
Neither Bhagat nor Bhargava responded to email requests for comment. A Manipal Education spokesperson declined to comment on the matter.
India’s fledgling start-up ecosystem has witnessed an exodus of talent to other lucrative entrepreneurial destinations such as Silicon Valley and Chile, with entrepreneurs having easier access to customers, funding and mentors.
According to experts and investors, getting Series A funding in India is much tougher than primary seed funding and the country needs an ecosystem of venture capitalists and accelerators that are more willing to hedge their bets on early-stage start-ups.
“The problem has been that a lot of seed-funded companies have not been able to raise a Series A round,” said Deepak Srinath , who leads the technology and emerging sectors practice at Allegro Advisors Pvt. Ltd , an investment bank.
Most venture capitalists in India are hesitant about investing in early stage start-ups unless they have a robust and sustainable business model.
“Any business model that is not going to generate revenues in the first year or two or is going to take a very long time to break even, will find it more challenging to get funded in this environment,” said Srinath.
Avinash Gupta , senior director at Deloitte Touche Tohmatsu India Pvt. Ltd , said, “Getting capital at an early stage (in India) is very difficult. The probability of failure is highest at that level, so people are very, very careful about putting in their money at an early stage.”
source: http://www.livemint.com / Live Mint & Wall Street Journal / Home> Industry / by Anirban Sen / Tuesday, April 16th, 2013
