Infrastructure, red tape bottlenecks to FDI: Ficci survey
With India emerging as a preferred destination, foreign investors have shown strong concern over the state of infrastructure facilities and procedural delays in the country.business Updated: Dec 12, 2010 21:44 IST
With India emerging as a preferred destination, foreign investors have shown strong concern over the state of infrastructure facilities and procedural delays in the country.
According to the FICCI FDI Survey 2010, nearly 70% of firms have rated efforts made by the government for providing standardised investment information and proactive marketing of to attract foreign direct investment (FDI) as "average".
While 86% of the respondents have expressed dissatisfaction with regard to quality and quantity of power made available to them, about 75% have rated the quality of roads and highways in the country as "bad" and 68% have complained about availability of water for their operations, the survey said.
Overall, FDI inflows to the developing world continues to be "overwhelmingly" concentrated in middle-income countries, with Brazil, Russia, India, and China (BRIC) alone absorbing about half, the report said.