First of all, it is pure business and Subhas Chandra is willing to take risk & cash in. I think it is a great idea to get foreign players involved . But nobody has talked about the basic/root problem i.e. dead Indian pitches. Unless our pitches are likes of what you have in Australia / South Africa / New Zealand England, we cannot develop genuine fast bowlers. Once our batsmen are groomed in these conditions, they are really ready for international games. Right now, they perform excellently in our conditions then they flop completely when they're exposed to fast and bouncy pitches. Look at Dhoni. I think he should join county cricket immediately so that day-in and day-out, he is exposed to those conditions.
On another note, I have seen people cribbing that money doesn't go towards other sports. It is not completely true. I think last year world cup hockey, they were offered 1 crore to each player if they won WC but unfortunately, it was one of the worst performances. Cricket has given hope to us that we can do it. Last WC, we reached finals. With the changes, we will again reach the top level. Cricket got the exposure after 83 WC. Sania Mirza, Leander Paes, Bhupati have given us hope in tennis so you can see money flowing for these players. I know it is catch 22 but other sports like football, B'ball, hockey has not given us hope like cricket has.