As Indian government is making efforts to attract more and more foreign direct investment (FDI) to the country, some foreign investor don't consider India as a good place to do business.
A senior Dell Inc. executive on Friday took a swipe at Indian government saying the blend of power cuts, un-honored contracts and uncertain tax rules makes India a difficult place to do business.
Amit Midha, president of Asia Pacific & Japan for Dell Inc., said that the problem in doing business in India is that there are too many decision makers.
Speaking on the topic, Mr. Midha added, "And decision makers change quite often. New decision makers come and they don't honour the contract previously signed."
Mr. Midha's unusually blunt comments followed German airport operator Fraport's decision to shut down its development office in India due to lack of opportunities.
Mr. Midha said lack of clarity in recently proposed measures targeting tax evasion, such as retrospective taxes on foreign corporate deals, have panicked foreign investors.
Dell operates in eight cities in India, with a workforce of around 27,000 people, which makes India Dell's largest employee base outside the U. S.
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