The Indian born founder of HotMail Corp, Sabeer Bhatia, said that the net is the only medium that will enable Indian firms to become global players. He said Indian firms should stop thinking of themselves as software shops for the US or resellers for US products but should develop world class software brands for the internet like Israel has done. But the most important step to increase internet penetration will be for a change in the internet environment by opening it up to independent ISPs. He said China and Brazil had better internet penetration because of a better environment even though India has better software skills.
