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Business Standard New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Till a couple of years ago, most private equity conferences in Mumbai were always crowded because India was one of the hottest investment destinations in Asia. But it is a measure of the country’s diminished charms that participation in the last two big conferences organised by Southeast Asian private equity organisations were distinctly low key. For one two-day conference, half the participants left soon after lunch. After one morning session, a fund manager was heard telling another, “If you don’t come, you have nothing to lose but the lunch or the cocktail in the evening.”

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First Published: Dec 10 2012 | 12:13 AM IST

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