Narendra Modi’s government plans image facelift to pull in slew of investments

The Narendra Modi government is considering the option of formally approaching the judiciary to find a way of dealing with tricky litigation and disputes that are holding up investments in the country, as it prepares an action plan for reviving the investment climate in the country.

This option was discussed at a meeting between the prime minister’s Principal Secretary Nripendra Misra and top officials of key economic ministries two weeks ago as part of a strategy the administration has drawn up to improve India’s battered global image and revive confidence among large domestic investors who have preferred to invest funds abroad rather than at home in recent years.

The Prime Minister’s Office has asked the industry ministry to urgently prepare a report on the ramifications of various disputes, including contentious tax demands, and the impact of interminable delays dogging ambitious investment projects such as Posco’s $12-billion steel plant in Odisha.


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