Dear Editor,
Prime Minister Narendra Modi’s pitch that “FDI should be understood as ‘First Develop India’ along with ‘Foreign Direct Investment'” is the right move to not only attract foreign investors but also spur domestic players into investing in industry. There is no dearth of manpower in India; many are unemployed while countless others face starvation and make do with inadequate medical care. As Modi is initiating a number of proactive and progressive steps, and is sincere and clear about what he expects, his dream should be realised. His repeated promise of laying out the “red carpet” instead of “red tape” will definitely instil optimism and boost investor confidence.
Ramni Sharma
Udhampur