Washington, Oct 3: American investors frustrated by delays in getting their projects off the ground in India have vented their ire at visiting Indian ministers and senior officials here.Information and broadcasting and communications minister Sushma Swaraj and industry minister Sikander Bakht got an earful from the investors, particularly those who have put in millions of dollars in India's power sector.
Speakers at a panel discussion on "India Infrastructure Summit," at the eighth annual World Economic Development Congress, attended by Swaraj, Bakht, and several senior Indian bureaucrats, complained that for all its talk about wanting to attract foreign direct investment in the infrastructure sector, especially in power and telecommunications, India was not playing fair by even those already in India. Among those having problems with India's foreign investment climate is Sam Pitroda, chairman of WorldTel, who said the Department of Telecommunications, which he once headed, "lives in the dark ages."
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.