NEW DELHI, April 17, (AFP): Business consultant Adrian Mutton says it takes courage for a foreign corporation to make a big-ticket investment in India given the uncertainties thrown up by capricious twists in government policy.
Companies have long griped about India’s byzantine rules and suffocating bureaucracy but recent policy flip-flops have further soured the investor mood.
“You have got to be a pretty brave CEO to gamble on a major investment decision in India especially if you think that decision may be overturned,” says Mutton, who heads India-based Sannam S4, a consultancy which helps firms enter India.