BJP govt decision on FDI to dent investor confidence in India

[Bhai Zakir]

BJP govt decision on FDI to dent investor confidence in India

Industry body Assocham today expressed serious concern over the withdrawal of FDI policy in multi-brand retail by the BJP's government in Rajasthan and said the decision would dent the confidence of global investors.

"If one party reverses the decision of its rival dispensation upon change of guards, the policy and political risks for global investors would definitely increase in India, scaring them away," the chamber said in a statement.

After Delhi, Rajasthan has scrapped the approval given by the previous government for foreign direct investment (FDI) in multi-brand retail sector.

Rajasthan government's decision would "dent and shake the confidence" of the global investors, Assocham said, adding that a national consensus should be built on politically-sensitive issues.

"Once a stand is taken, there should be no room for reversal. Businesses all over the world do not like it. Such a thing is anti-investment," it added.

All the political parties must debate on the issue of FDI in retail as it would benefit farmers and consumers both, Assocham said.

Rajasthan reverses Congress decision to allow FDI in retail

'Rajasthan government decision on retail FDI to dent investor confidence' - The Economic Times

Rajasthan govt decision on retail FDI to dent investor confidence, says Assocham - Financial Express

 

[jarves]

No company has vowed to invest in Rajasthan yet.

 

[Bombermanx1]

Once again where is the word BJP again in the title? the OP is editing the thread by adding BJP everytime again, desperation knows no bounds sigh

 

[Bhai Zakir]

No company has vowed to invest in Rajasthan yet.

1.) Now, some reality check.

Metro Cash & Carry plans 2 more Delhi stores, Jaipur next stop | Business Standard

2.) The above statement is by industry body not from any political party, this move will effect investment in India as investor will shy away from a country where policy changes after govt. change.

3.) In International area perception is what it counts. India's image takes a big hit.

4.) But Modi's Gujarat will not be at any loss as it gets only 2.83% of FDI in India while Congress ruled Maharastra gets 40% and Delhi gets 18 of total FDI in India.

 

[jarves]

1.) Now, some reality check.

Metro Cash & Carry plans 2 more Delhi stores, Jaipur next stop | Business Standard

2.) The above statement is by industry body not from any political party, this move will effect investment in India as investor will shy away from a country where policy changes after govt. change.

3.) In International area perception is what it counts. India's image takes a big hit.

4.) But Modi's Gujarat will not be at any loss as it gets only 2.83% of FDI in India while Congress ruled Maharastra gets 40% and Delhi gets 18 of total FDI in India.

Where does the article says Rajasthan?