Billionaire Sunil Mittal, arguably India 's most successful telecom entrepreneur, may be on the verge of starting another revolution in the country's corporate world. Mr Mittal, who has built his mobile operator Bharti Airtel from a bit player into a $40bn company in less than a decade, is now pondering a deal that could leave him holding a much smaller share in the group but turn it into a global player.
He added that Suzuki could not build a car for the same price as the Nano without sacrificing quality and standards.
India's mutual fund industry is one of the brightest spots in an already fast-growing domestic financial sector.
So while awaiting Chinese government approval to take a controlling 73 per cent interest in China Oriental, ArcelorMittal is also proceeding with another deal that would give it an equally controlling 55 per cent of the company.
It is still almost imperceptible. But the jostling in India's private sector for a position in what promises to become one of the country's biggest industries has already begun.
For Orascom, the real jewel in HTIL's crown was Hutchison Essar, India's fourth largest mobile phone company and a natural complement to its existing operations in Pakistan and Bangladesh.
Praful Patel, India's reformist civil aviation minister, has helped drive the privatisation of Mumbai and 's moribund airports, overcoming initial protests by employees.
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