Nokia shut down has also resulted in the loss of job for over 12,000, who were indirectly employed by the company.
The Scot is looking for a drive after McLaren signed Colombian Juan Pablo Montoya from Williams for 2005.
'In India, we are very far away from the per capita incomes of the West. And so the need to support many more people with much more money will come sooner in India than in other nations,' says Aakar Patel.
Indian companies have made acquisitions of $1 billion so far in January
Ferrari's Michael Schumacher can win a record sixth Formula One championship at Indianapolis on Sunday if circumstances go his way.