India imports nail clippers as firms don't invest in metallurgy: Vembu

Zoho CEO Sridhar Vembu said India has to import nail clippers from nations like China and South Korea as Indian companies "don't invest in metallurgy". "Our steel companies only invest in commodity steel, like the stuff that you build buildings with," he stated. India also imports dental instruments as they're made of special steel that India doesn't make, he added.