This refers to the report "Centre plans more roadshows abroad" (July 21). Unless the single window clearance mechanism is put in place for all foreign investors, overseas companies will not be interested in dealing with India. Posco has already withdrawn and so has Lakshmi Narayan Mittal.
The government has to seriously consider clearing the proposals of foreign investors submitted to agencies such as the Directorate General of Mines Safety, environmental and other regulatory clearance bodies. In fact, the government should announce its policies clearly before organising roadshows abroad.
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The government has to seriously consider clearing the proposals of foreign investors submitted to agencies such as the Directorate General of Mines Safety, environmental and other regulatory clearance bodies. In fact, the government should announce its policies clearly before organising roadshows abroad.
Amar Bhasin Australia
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number