Sachin Bansal, co-founder of Flipkart, India's largest e-commerce firm that is valued at $15 billion, said India should be a top choice for the company as local investors understand the context of the business, but was doubtful whether the stock market could absorb such a large listing.
"If we are able to attract $5-10 billion foreign capital with foreign listing," said Bansal.
India's largest internet listed company is InfoEdge that has a market capitalisation of around $2-3 billion, said Minister Sinha.
Shopclues co-founder Radhika Aggarwal said that India would be the obvious choice for listing because people understand the business dynamics of the company provided the policy allows it to list.
Sinha played the patriotic card saying that if India government liberalises policies to raise funds in India, Naveen Tewari should look at listing in the country.