Financial Daily from THE HINDU group of publications
Tuesday, Nov 29, 2005
Financial Daily from THE HINDU group of publications Tuesday, Nov 29, 2005 |
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Opinion
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Letters Foreign investments
This is with reference to the report, "Chidambaram unveils new reform plan: Six-point agenda to help economy to achieve 8 pc growth" (Business Line, November 28). The Finance Minister said that the FDI can work wonders. But the controversy is over where it has to be allowed and how? The government should reform its procedures and processes to reduce delays. It may not be true that the Government is implementing projects efficiently. It is because of delay in doing so that cost goes up causing great loss, without any accountability. The Government should act as a regulator where necessary and as a catalyst to promote growth in the private sector. FDI alone may not help. How and where it is used is more important. A. Jacob Sahayam Thiruvananthapuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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