''I have always felt with good strong active and even hungry and ruthless management IOR can play hard ball in India and succeed.''
The way to do business in India is to make friends and relationships, what you're suggesting is the total opposite.
The key to doing business in any Asian country is to make close relationships with people in power or who have good business contacts. Corruption and payoffs is another way of getting the foot in the door, but for an ASX listed company this is frowned upon.
One problem facing Australian CEOs is that they don't want to live permanently in India with their families, and who can blame them. Unfortunately this is the only way that the company will gain respect plus the contacts that they need.
Flitting between Perth and India is not the answer.
What stormer said is correct
"Wrong my friend..and this is where so many Australian companies come unstuck...whether it's arrogance or ignorance, they believe they can play in the back yards of other countries
These people are way too smart ( and crooked) for them"
First Samuel has some lessons to learn in India, I truly doubt whether they have a clue what they're dealing with.
IOR Price at posting:
6.9¢ Sentiment: Sell Disclosure: Not Held
