2 min read.Updated: 12 Mar 2013, 03:06 PM ISTRenu Kohli
Ensuring domestic investment is not diverted abroad is critical for realizing the growth objective
Capital mobility, said Kumar Mangalam Birla in a recent interview, allows companies a choice to invest abroad. They allocate capital to countries with a more attractive business environment where the future is clearly visible, regulatory clearances and approvals aren’t as opaque and where entry into new businesses is less of a gamble than in India.
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