It seems like EY hasn't been able to get much done in the Blockchain space. They've turned to hackathons, but claim that all IP created during the event would be theirs. Shady, to say the least.
American Tech companies seem to be fairly afraid of offending Indians. From arbitrary censorship in content to banning sale of sex toys on their sites, tech giants from Silicon Valley are trying hard to stay safe and not attract any controversy in India. Who can blame them? Remember that Snapchat controversy?