India’s new policy of allowing foreign universities to set up their operations in India offers an unprecedented opportunity for Indian cities to revitalise themselves. In Mumbai, the city and state administration can reposition the central business district of Nariman Point and turn this tip of the Arabian Sea into a vibrant international education hub. The model of Lower Manhattan is applicable.
Since 1947, India has had a proud record of development cooperation. It began even though it was newly independent and itself developing, but created a camaraderie with movements in other emerging countries. Now after 75 years, its time to move toward an FDI-led model, which will particularly help reduce the rising indebtedness in the developing world.
In its recent monetary policy document, the Reserve Bank of India has imposed strict maturity conditions on foreign portfolio investment in debt to get a better handle on risk. But a fiscal solution would be more elegant and effective
MercoPress - South Atlantic News Agency republished Ambassador R. Viswanathan's article on the failure of Jindal’s mining and steel project in Bolivia. Ambassador opines that a foreign investment plan should always be corroborated with a proper political risk analysis to ascertain the understanding of local politics and culture.
The move by the Maldives to renege on Bangalore-based GMR’s $500 million investment is a classic case of geopolitics trumping geoeconomics. This is an appropriate time for India to boost its diplomatic efforts by including the Ministry of Commerce in initiatives taken by the Ministry of External Affairs.