Happened to be watching a program Power List Asia by CNA interviewing the CEO of the Harilela Group Dr. Aron Harilelas whose family hotel business spans across the globe. They are also the second largest share holder of Singapore's Thomson Medical Group. The Harilelas family has been in the far east since before WW2. The interview could be watch at the following link. http://www.channelnewsasia.com/tv/tvshows/powerlist/dr-aron-harilela-hong-kong-india/593088.html When he was asked if the Harilelas business invest in India, the answer that came was shocking as it a was swift "I try not to" his explanation followed was although there has been a liberalization of investment laws there has not been a liberalization of the Indians' mindset. He would also rather invest in China which he admitted is also a difficult market. The answer was weak and one could spot the unease he is experiencing with a question like that and he was finally saved out of this situation by the interviewer who bla bla bla with an easy answer and subject changed.