Foreign investors feel India to be a difficult place to invest
So many things that make India a very difficult place to invest in and do things are what the moderate response is from the American real estate tycoon Donald Trump to this correspondent who, at a recent event in Dubai, enquired about his investment preferences.
But what made Trump react this way? Is it the way the foreign investors see about India. Before seeking answers to these questions it is very important to take a look at some of the recent cases that can make foreign investors and even Indians think twice about investing in the market.
Some cases highlight the inability of development authorities in India to act in the interests of the common man. This is particularly true of authorities in Delhi NCR, such as Noida, Greater Noida, the Ghaziabad Development Authority, and the Department of Town and Country Planning of Haryana etc. Looking into the case of Okhla Bird Sanctuary in Noida the Supreme Court’s 2006 has ordered to locate a buffer zone of all national parks and bird sanctuaries was largely ignored by the Uttar Pradesh government and its nodal agencies as they have allowed dozens of developers to set up projects close to the sanctuary.
Source: Hindustan Times (Delhi Edition)
Delhi NCR, Foreign investors, Ghaziabad Development Authority, Greater Noida, Noida, Okhla Bird Sanctuary, Town and Country Planning of Haryana
