India Inc faces global bullies

An Indian company, GMR Infrastructure, facing ouster from a prestige project in Maldives, gets a stay order from a Singapore court. This could well be held up as an example of how globalisation works. But then consider the next step - the Maldivian government declares that court or no court, GMR will have to leave the $511 million (Rs 2,773 crore) project to upgrade the Male airport. Here is old-fashioned national sovereignty trumping globalisation. 

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