Few bad decisions shook confidence of foreign investors: Goyal

A few bad decisions related to the SEZ scheme and retrospective amendment of tax laws have shaken the confidence of foreign investors in India, a senior BJP leader said here today.
"A couple of bad decisions pertaining to SEZ scheme and retrospective amendment to Tax Laws - Vodafone Tax - had shaken the confidence of foreign investors in India," Piyush Goyal, BJP National Treasurer, said.
"It is more to do with the credibility of India. We need to set these things right. Government has to earn confidence of both internationally and nationally," he said.
Speaking at the International Institute for Strategic Studies here on "The Policy Agenda for a Future BJP Government in India," Goyal said if voted to power, his party would take certain urgent steps to get the confidence of the people in the "India story".

He said a BJP government will focus on fiscal consolidation and "try to give honest government and focus on manufacturing, tourism, infrastructure development and rural regeneration."
Answering questions on the prospects of BJP coming to power, Goyal said "We see very big swing and majority coming in BJP way."

Replying to another question, he said "people are extremely scared of voting for a third front.
When a questioner pointed out that in Pakistan cricketer turn politician Imran Khan had attracted large gathering but failed to convert them into votes, Goyal said "Imran was a 1-man show. BJP along others are entrenched in book and corner of India. Narendra Modi has a whole team with thousands of activists."

He said a BJP government would focus on "minimum bureaucracy in government, maximum governance, speed, skill and scale and all these have to be fast. The Government focus should be on good governance.