Hot Silicon Valley

Founder of Hotmail world’s most sucessful free email service, Samir Bhatia is busy in launching Indian Silicon valley…

Silicon Valley clone planned for India

NEW DELHI Sabeer Bhatia, co- founder of the Hotmail e-mail service, plans to raise $550 million to start a high-technology project in India modeled on Silicon Valley. Project Nano City, located in northern India, expects as much as $20 billion of investments, with a potential to generate a fourfold return, Bhatia said in an interview Friday, without specifying a time frame. The park will attract companies developing drugs, computer software, nanotechnology and energy.

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