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Nathan rothschild built india infrastructure { February 17 2004 } Original Source Link: (May no longer be active)
http://economictimes.indiatimes.com/articleshow/500501.cmshttp://economictimes.indiatimes.com/articleshow/500501.cms
'There's no threat. They don't know much about India'
BODHISATVA GANGULI
TIMES NEWS NETWORK[ TUESDAY, FEBRUARY 17, 2004 01:29:55 AM ]
MUMBAI: India’s shining, but hasn’t sold itself properly to the rest of the world, says Sir Evelyn de Rothschild. Sir Evelyn, chairman of NM Rothschild and Sons, insists that India could still do a better job of selling itself, particularly in the US. “They don’t feel threatened by India or anything like that. It’s just that they don’t know much about it,” Sir Evelyn told ET.
The investment bank Sir Evelyn heads was founded 200 years ago by Nathan Rothschild. In the 19th century, the Rothschilds helped raise money to build railways and infrastructure in many developing countries, including India.
Today, NM Rothschild is trying to untangle a stalled infrastructure project, Enron’s infamous Dabhol power plant, trying to sell it to potential investors on behalf of Indian financial institutions. Rothschild is also trying to sell Daewoo’s closed car plant near Delhi.
“Reorganising closed Indian companies would be a priority for us,” says Sir Evelyn. He’s fascinated by India’s business process outsourcing (BPO) industry. He’s been to GE operations in Gurgaon near Delhi and finds it “extraordinary.” Nonetheless, he thinks India has to solve some distinctly old-economy problems, which haven’t featured prominently in the government’s ‘India Shining’ campaign.
“India is still in the process of transitioning from agriculture to industry. That’s a challenge, along with controlling your population and health and education,” he said. Sir Evelyn has an interest in matters close to the soil, including micro-credit.
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