By Kul Bhushan
www.khabrein.info : When an NRI wants to invest in India, what is his first step? Look for opportunities in India through different government bodies promised as 'a one-stop shop'. As if all the existing bodies to attract investment were not enough, the ministry for overseas Indians launched a new one last week - the Overseas Indian Facilitation Centre (OIFC).
Exploring on the Net, the NRI will come up with many different sites of the Indian government crying for foreign investment to India, especially from NRIs. Frustrated by India's red tape, NRIs want 'a single window' to handle all their queries and hold their hand until they get the approvals.
NRIs have been promised and provided 'a single window' to invest in India time and again. Much before the Internet and since the days of forms that were filled up by hand, the one stop point of contact for NRI investors has always existed in one form or the other.
All these government-run facilities, as part of different ministries, remained overburdened with red tape and bogged by infinite delays. Over time, they morphed into new ones promising to be better - and faster - than before.
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http://www.khabrein.info/index.php?option=com_content&task=view&id=1234&Itemid=61
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