Blank cheque companies high in US for indian business

Yahoo! India News reporting that how companies in us are keen to invest in India, especially in IT and IT-enabled services sector (aka BPO).

FTA “2006 is expected to see further growth in this trend, and India is getting a big piece of the action. New York investment bank maxim group, which last year managed the biggest offering so far in this category, expects to take three more India-focused blank check companies public later this year to raise a total of around $180 million.

Now that is cool news for Indian companies.

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