Expecting our maverick PM and FM to blame Gold imports for this too // India lost a $3 billion investment by the China’s largest radial tyre maker because it found the red tape and corruption too cumbersome. The company went to Thailand where the ease of doing business is very efficient. Similarly the Mumbai-based NRB ball bearings giant is reportedly expanding its business in Thailand instead of India because of the ease of doing business, said Aman Chadha, chairman of the Engineering Export Promotion Council while discussing the reasons for engineering exports going down and how a boost to the manufacturing sector could curb $30-40 billion worth of imports. // The situation looks same under the triple raj - License Raj, Permit Raj and Quota Raj.
Posted on: Fri, 13 Sep 2013 10:29:51 +0000
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