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Tuesday, December 30, 2003 9:52:22 AM
http://economictimes.indiatimes.com/articleshow/363808.cms
Discussion: I agree with JnJ on the positive appearance of the words coming from Mr. Ghauri and her comment below - quite a positive statement can be made regarding the approach of management:
"Our new contracts and sales pipeline require faster deployment and a larger pool of skill sets," said Naeem Ghauri, NetSol CEO.
"We believe we can most effectively develop the added infrastructure we need in India and the added offshore capability and diversification, in turn, could drive additional business."
this from JnJ on Yahoo. "I'm extremely impressed that not only has Netsol's management been busy in obtaining new contracts but also in taking necessary measures in order to accommodate and expedite the future business they see ahead."
However, some negative thought do come in:
Just as Whiz stated that he did not know if India would allow the Pakistani Ghauris to buy a company in India - this may present as quite a challenge - one I am sure the Ghauris are up to. However, once they overcome the obstacles to buying a company, how much resentment will have been built up by radicals so as to make them an even stronger target for the terrorists? Then add that little bit of history regarding the Ghauri name and the Indian sentiment toward such - WOW!!!! I do hope the Ghauris are spending an very large amount of money to protect that beautiful new campus from terrorist attacks. This little article has raised the hairs on the back of my neck regarding how truly close this company is to the emotional drive for the conflicts between Pakistan and India. Makes me quite nervous being invested in this company so completely.
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