Indian Prime Minister Narendra Modi endorsed Google’s new fund. Photo: Reuters
Chinese tech company setbacks in India create opportunities for US firms, say experts
- Over the past five years Chinese tech investors have injected an estimated US$4 billion in Indian start-ups; the accumulated level in 2016 was under US$1 billion
- The fact that India’s policymakers became wary of Chinese tech and gravitated towards the US did not come as a surprise to some analysts
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Indian Prime Minister Narendra Modi endorsed Google’s new fund. Photo: Reuters