An environment where such assets lack protection makes it very difficult to attract new venture capital investment. It is unlikely that any serious investor would put large sums into research and development or new start-ups in a country where the intellectual property protections are minimal. If the 21 st Century is the era of the mind, then standards and protective legal systems must be installed to protect these most valuable assets. Despite eight years of on and off reform, India's cities finished at the bottom of the pack in many of the 37 categories. This image must be changed.
Public perception can be a powerful force.
This perception must change, especially in light of India's very real successes. The Infotech Park near Bangalore recently received a significant capital infusion from a Singapore consortium. India has huge opportunities to promote itself in this realm in the U.S., possibly by setting up industry supported sites that interested companies can access or by opening a industry rep office. In order to be successful, India must actively promote its technical skills and innovation. Government Leadership First, tax policy is an area where government can help to play a key role.