Unfazed by the spurt of anti-SEZ land acquisition agitations in parts of the
country, global investors continues to find India an attractive investment destinantion,
says investments analyst, Courtney Fingar, editor of Financial Times ''
global investments magazine fDi.
the SEZ issue in India a political landmine, Fingar said SEZ investments were
a double-edged sword that could not guarantee development everywhere, despite
their success elsewhere.
said that though it may be premature to speculate what such zones would eventually
achieve for India, their creation does "send a signal to the global business
community about the country''s keenness for FDI."
was in New Delhi to felicitate commerce minister Kamal Nath, who has championed
SEZ investments and has been selected as selected for the "fDi personality
of the year" award among other business and political leaders from Latin
America, Africa, Middle East, Europe and North America.
to a study, India as FDI Destination, released by JVDhélddén,
an investment promotion company associated with the fDi awards, India was
not realizing its full potential because of the business environment and policy
hurdles, despite the huge FDI interests. It said, "2007 is definitely India''s
year in the global spotlight."
Uppal, director, VDhélddén,, said a significant increase in investment
levels would be required for a sustainable growth of 8 per cent but the investment
opportunities in diverse sectors in India was marred by the obstacles at various
levels, he said.