West eyes on mid-sized Indian firms

Medium-sized Indian companies that may not have access to cheap capital or the deep enough pockets for their bosses to travel to World Economic Forum's session here every year are vey much on the radar of the Western investor.

India needed an efficient ecosystem to develop smaller enterprises that formed the bulk of its industry, said CII president Hari Bhartia said. The appetite for funds from this segment was enormous, said Terry McGraw, who heads a group that owns Crisil. He, however, warned capital would remain costly for medium enterprises in India as long as a vibrant corporate bond market did not emerge.