India Uncut

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Monday, October 24, 2005

How things change

Narayana Murthy says on BBC's Hard Talk (transcript in the Indian Express):
[B]etween 1981 and 1991, we had tremendous friction to business. At a point it took us around three years and about 25 visits to Delhi to import a computer worth $50,000, it would take us about 10 days to get approval to travel outside India. We couldn’t hire consultants in quality, brand equity etc. from outside India. It took us about a year to get a telephone line.
And still Infosys survived that period, and then made it big. Outstanding.

Cross-posted on The Indian Economy Blog.
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