Quote:
Originally Posted by foreign investors
My only worry about investing in india is the level of corruption that leaves to insecurity. cash is required everywhere. the cost of corruption out does the property price.
I guess the image of India is the biggest killer when it comes to secure foreign investors.
What's the security india has to offer? Is there any company that deals with foreign investors with honesty?
Just a thought why doesnt indians invest overseas countries like Australia and America where the systems well structured and dishonesty leads to jail. And most of all your investments is secured.
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What you have said is mostly true. But of late, genuine investors from abroad have been investing in genuine projects and these deals are transparent also. The local laws have to be strictly adhered to. The downside is that it costs more since the taxes are paid properly at every stage. Only when the investor tries to save money by evading taxes, the problems start.
This results in the end product costing a little more than competitors. But it is workable as there are genuine buyers who pay a little premium for honesty.