'India has potential to be best and safest investment place' | business | Hindustan Times
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'India has potential to be best and safest investment place'

With India emerging as one of the nations to return to an impressive growth rate following the global economic downturn, overseas Indians say they would like to significantly increase their investments here, provided regulations are simplified to ensure transparent governance.

business Updated: Jan 10, 2010 17:05 IST

With India emerging as one of the nations to return to an impressive growth rate following the global economic downturn, overseas Indians say they would like to significantly increase their investments here, provided regulations are simplified to ensure transparent governance.

Prominent members of the diaspora said they feel India has shown great resilience in weathering the worst financial crisis in recent history and has the potential to become one of the "best and safest" investment destinations on the globe.

"India has always been considered as a preferred destination for investment. It is just that the path is being cleared so that we can walk freely, we can move in freely and do things more transparently," Head of Microsoft’s Developer Division, Venkat R Char Char, who lives in New York, said.

Char, a delegate of the Pravasi Bhartiya Divas, however, said changes are being taking place at various levels to ensure transparency and better governance.

Echoing a similar view, NRI entrepreneur from Japan Nalin Advani says the flow of investment will "rise exponentially" if procedures are simplified and certain bottlenecks removed.

"India weathered the recession quite brilliantly. Today India is considered as one of the best investment destinations. I feel flow of investment will rise exponentially if procedures are simplified and certain bottlenecks removed,” says Advani.