Foreign investors against arbitrary change in tax policy: JLL

Colin Dyer, the President and CEO of property consultancy firm Jones Lang LaSalle, said foreign investors were against any arbitrary change of policies and taxes with change of government in India.
"If there is arbitrary change of taxes and policies with change of government, then foreign investors are wary about investment," Dyer said while interacting with journalists here last night.
There should be consistency of taxes and laws, otherwise foreign investors would not invest, the head of JLL, which offers specialized real estate services to clients worldwide, said.
They are for consistency of taxes and laws and against new taxes with retrospective effect, he claimed.

Dyer said things were moving fast in India and the bureaucracy which earlier used to take a lot of time to do things is now taking quick decisions.
Prime Minister Narendra Modi during his foreign visits, especially to the US, Canada, Germany and France, has conveyed a strong message to the investors that he was firmly in charge and thing were changing for the better.
The reliability of the government is changing among foreign investors, who now wants to invest in India, he said.
Foreign investors like pensions funds, sovereign funds and others are watching India very keenly before investing, he said.