Foreign direct investment: A long saga of broken promises

One of the biggest promises of investment came from the Chinese real estate conglomerate Dalian Wanda

In the past few years India has seen a rash of global companies lining up with promises to make huge investments in the country. From real estate behemoths to infrastructure majors, from mobile device manufacturers to heavy engineering companies, they all made commitments to the tune of billions of dollars. These were considered significant not only because they would power India’s development projects, but also because they would give a fillip to the government’s Make-in-India programme. 

Unfortunately, the reality has fallen far short of the lofty promises. In real estate and infrastructure, for example, companies such as Dalian Wanda, China Fortune