Sound Bite: Ashish Dhawan, ChrysCapital at APEX’13 Summit & Awards

“If we were to shut down the Mauritius route (for investments), there is a real danger that we will destroy Private Equity in the country. And it’s not just PE; the recent tax claims against MNCs like Shell, Microsoft and Nokia pose a much bigger question on overall FDI. What does it take for a company like Walmart with over $450 billion in sales to write off India for the next 10 years? I would say not a lot. But can we as a country – with our deficits running so high – afford it? We are playing with fire here.“

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