Tuesday, 23 July 2013

FDI Mismatch


This is the irony of our government that on one side they are leaving no stone unturned to bring FDI into India and on other side the BIG Multinational Giants are leaving India due to the procedural delays by the government. POSCO and Arcellor Mittal(Odisha Project) are backing out of their plans of investment in India due to the procedural delays and not getting the neccessary approvals. Even the Investment Guru "Warren Buffet" is also moving out of India. His firm Berkshire Hathway that has forayed into India
as the online broker for non life insurance is set to close its business in India. All this has added to the misery of India that is fighting hard to get FDI. "It is like filling the sack that is open from both ends.
You keep filling it from one side and it keep coming out from the other.


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