Foreign Direct Investment

["Komaragiri, Param (Param)** CTR **" <param@lucent.com>]

---------------------------------------------------------------------
Please help make the Manifesto better, or accept it, and propagate it!
---------------------------------------------------------------------
NPSingh wrote :
	<<The clowns who run the MSEB and their political masters both in
Bombay and
> Delhi cannot wait to declare victory against the monster Enron which is
> going
> to be forced to pull out of the multi- billion dollar Dabohal Power Co. On
>
> the face of it Enron will lose on its investment so far but it can
> probably
> live with the loss, but the real losers will the power starved consumers
> and
> businesses who will not see foreign direct investment or any kind of
> investment of this scale in the power sector for a long long time. >>
>
Good or bad I believe Enron exit works as an antibiotic for India.
No more clamour for foreign direct investment. IMF says effect of slow down
of US economy is minimal on China and India because they are least 'exposed'
to
Globalisation.Pl take note of it.
Rather we should strike a balance between Global and Local.
Some dose of Swadeshi is also urgent in many spheres.
Bofors and Tehelka should atleast prompt our people
for indigenous technologies.
On which foreign direct investment  are Japan and Switzerland
surviving ? Or for that matter entire developed world?
I know there is a lot of difference in 'Scaleability' when it comes to such
Foreign Direct Investment and Local.But there should be a limit for
such clamour.They come with lot of 'strings' attached.
Enron gone is good.Foriegn direct investment is gone is even more good.
Sensible and Extensive Privatisation which encourages competition
and choise (indigenous) will do lot good than FDI.

Gas pipe line all the way from Iran sounds more stupid than any thing
while all enroute we have terrorist states.I dont see what immunity India
sees from an attack on the pipe line.Instead , building three or four
highways and
two or three railway lines across Bangla border to reach our regions like
Tripura, giving Bangladesh the same 2000 crore aid or more (to the
suffering neighbour - Instead of to Iran) would do more good.
Other than posing before US and west there is nothing one can see in
Iran policy.It would even make Tripura,Mizoram more accessible.
People in North East also will be less aleanated when there is work
and prosperity. Large employment generation such projects create will
eventually reduce illegal immigration from Bangladesh also.
Foolish leaders do not realise that illegal banglas will be returned home is

how absurd .You create open border multi highway policy, you will see
they them selves returning for work.Tourism engine created such , will
be thousand times more effective than dubious Foriegn Direct Investments.

Heard in radio that it is to sustain some industries in Mississipi that
Taiwan is sold missiles by US , against wishes of China.
Learning from such selfish policies is the best 'Foreign Direct Investment'.
in terms of..intellectual input for us.


Thanks

Parameswar







--------------------------------------------------------------------------
This is the National Debate on System Reform.       debate@indiapolicy.org
Rules, Procedures, Archives:            ../debate/
-------------------------------------------------------------------------