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: Foreign direct investment (FDI) has superseded trade as the most important vehicle in delivering goods and services to foreign markets. It integrates cross-border corporate production networks and plays a leading role in the acquisition of technology and skills through the establishment of global chains in production, marketing and distribution. Contrary to popular misconceptions, incentives play only a marginal role in attracting FDI.
The main determinants when investors choose an investment location are usually: size and growth of the market, macro-economic stability and infrastructure development (such as telecommunications, transportation and power generation, and the quality of the education system). “At the same time, governments can try to create favourable conditions through, for example, setting fair and equal rules of the game, respect for international law, permitting repatriation of funds and providing guarantees against expropriation,” Kai Hammerich, president, World Association of Investment Promotion Agencies and director-general, Invest in Sweden Agency, told Huma Siddiqui of FE. Excerpts:
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| Kai Hammerich |
What do you think are the reasons that keep away investors from India?
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