Posted on 10/05/07
An Algoma edge for an Indian dynasty
NEW DELHI -- Prashant Ruia, scion of one of India's richest families, has some advice for Canadians worried about corporate hollowing out - relax.His family's conglomerate, Essar Global Ltd., has joined a growing number of foreign companies snapping up Canadian enterprises, but he says that's because the country is a good place to do business. Investing in Canada is about good opportunities, growing markets and healthy risk indicators, he says.
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