The straight and simple question is does India need foreign investment(s) for its economic progress and the answer is simply 'yes'.
Among many Ministers including the Prime Minister, the Finance Minister went abroad many times in the past with the sole objective to get more and more foreign investors for the country.
The trickle of foreign money into the country is mainly associated with the boost in economic activities and therefore attracting more and more foreign investments in varied sectors of the economy should be a matter of priority for any Government in future.
Finance Minister is requested to take note on the following as well on this issue:
The aspect of tax avoidance treaties with those countries that have a large population of Non Resident Indians (NRIs). By simplifying the procedures governing this issue, more and more NRIs can be wooed for investing back in India.
Ensuring through proper mechanism the money flowing into India remains in the country for a longer period of time.
More transparency is needed to ensure that people investing in the country are made fully aware as to how exactly their money is being used and how it is invested.
Hoping the above favours consideration at the right quarters.
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