New Delhi, Mar 9: India should have consistent and definite policy on foreign direct investment if the country wanted funds to flow into the country, members of Keizai Doyukai, a Japanese business chamber, said.Participating in a meeting here on Monday, IBJ Leasing Co Ltd president Kunio Seiki said there was some differences in the policies on the foreign direct investment among political parties which would make investors wary of coming to the country.Pointing out that Thatcher government in United Kingdom did everything to attract foreign companies to make direct investment there, Seiki said, "India should make similar overtures to foreign companies if she wants to attract investment into the country.
"Leader of the delegation and deputy president of Bank of Tokyo and Mitsubishi Kenji Yoshizawa said there was too much psychological differences between the two countries which needed to be bridged.
Since both Japan and India are going through reforms process, it would provide some common ground forcooperation.
Japan was implementing change in the all area including politics, economic systems, financial and fiscal administration, education and social welfare.
Omron Corporation's senior corporate advisor Toshihiro Kiribuchi said Japan would complete the reforms process by year 2005. The external pressures had forced Japan to change, he said. The reforms brought about in the country after the war was not relevant now, he said.
Kiribuchi said the system currently in place worked well for the blue colour management but it was inadequate for the white collar management.
