"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.
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.
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