Little evidence of foreign direct investments coming into India: China daily

Beijing: Playing down India’s exception of high investment from China after successful visit of Prime Minister Narendra Modi, a chinese english news paper said on Monday that there is little evidence of foreign direct investments coming into India.

“For the moment, there is little evidence of success for foreign investments from private enterprises,” the Global Times stated in an opinion piece barely two days after PM Modi concluded his official visit to China. “In the end, if any country tries to encourage investments to India, most of the programmes will be led by the government itself, with most of the private business sector skeptical about the whole idea,” it added.

Pointing out that though India enjoyed a favourable diplomatic climate due to its ideal geographical position, the daily in a hard-nosed assessment of the country cited that “even if New Delhi keeps persuading investors how promising it is to do business in India, the current situation is far from reassuring”.

“Power failures happen frequently. There is a lack of decent roads and ports for transportation. Labour unrest occurs from time to time. Attracting investments against such backdrop will prove to be a major problem,” it added.