NEW DELHI: Non-resident Indians (NRI) have the potential to invest over five billion dollars in India but they are unlikely to bring in ‘big money’ unless the government shows seriousness in implementing its liberalized economic polices according to London based industrialist Swaraj Paul.
Paul chairman of the Caparo group of industries which has an annual tum over of 400 million pounds (about Rs 18 billion) said that ‘as of now’ he himself had no plans of investing in India.
The leading NRI industrialist told 4 meeting of the forum of financial writers here Thursday night that the recent policies announced by the government were good but required faithful implementation
“I am proud of being an Indian and would like to come back But you have to create among the NRIS an emotional attachment” he added.
“We fail because the policies become selective on the basis of whom you want to favor and whom you do not want to” Paul said.
Article extracted from this publication >> September 6, 1991
