New Delhi: Advocating an open set of rules for overseas investors, NRI industrialist Lord Swraj Paul has said that India should just specify the level of permitted foreign investment in each sector and let the companies accordingly invest without any individual approval procedures. Terming the current economic problems as a course correction and a passing phase, he also said that India's economic growth prospects remain intact and the country needs to channelise the energy of its highly competent workforce.
"My view is that the government should make the rules that say that these investments are allowed in these industries and these are not allowed in these industries. Nobody should be required to apply for any approval," Paul told PTI in an interview in New Delhi.
"If they fit into the rules, they are most welcome, if they do anything different, they would be punished. This should be an open policy. So, take action, not selectively, but take action that is within the law. But make laws that are completely transparent and open," he said.
"Tell the investors -- We will not bother you if you follow the rules, but if you don't follow, we will hang you. This will help the foreign companies take their investment decisions as per the existing laws," said Paul, who heads UK-based over Rs 10,000 crore conglomerate Caparo Group that is present across the US, Europe and Asia including India....
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12:56 PM, Apr 08, 2013
NRI industrialist Lord Swraj Paul feels that public humiliation by the press may have driven Indian nurse Jacintha Saldhana to take her own life. Participating in a debate on Lord Justice Leveson's report on the culture, practices and ethics of the press on Friday evening in the House of Lords, Lord Paul offered his sincere condolences to the bereaved family. ...
02:17 PM, Jan 12, 2013
London: Hitting back at those behind his brief suspension from the House of Lords in 2010, prominent Indian-origin industrialist Swraj Paul has insisted that he did not do anything wrong, and believes that racialism may have something to do with the unfair treatment he received. Paul was one of the Lords caught up in the expenses scandal that rocked British politics in 2010. Most of the people involved were MPs...
08:29 PM, May 20, 2012
London: Leading NRI industrialist Lord Swraj Paul has said that the Union Budget for 2012-13 has taken the reality of India's situation. Reacting to the Budget, Caparo Group Chairman Swraj Paul said: "The budget has taken the reality of India's situation. There are too many problems that exist, which need to be dealt with to make the economy better. "I hope the government gets the grip on the problem and...
11:44 AM, Mar 17, 2012
Bangalore: It is official now, the Bangalore Metro Rail Corporation Limited (BMRCL) will have to stop work from March 13 on the Majestic stretch, if the South Western Railways (SWR) does not give them permission, clarified Sivasailam, Managing Director, BMRCL. Speaking to Express, Sivasailam said that they are left with no other option, but to stall the work, since the SWR has demanded that the outstanding amount on the land...
08:35 AM, Mar 13, 2012
London: Lakshmi Mittal, the NRI steel tycoon with a fortune estimated at 15.5 billion pounds, is the most powerful Asian in Britain, according to a new list of eminent Asians in the country. Mittal, 61, Chairman of the Board of Directors and CEO of ArcelorMittal, the world's leading integrated steel and mining company, heads the Power list of 101 in the category of Industry published by Eastern Eye, a weekly...
12:14 PM, Nov 24, 2011
Bangalore: South Western Railway will run the following Special Trains to clear extra rush in view of Onam festival - Train No 06537 Yeshvanthpur - Kochuveli Garib Rath Express Special will leave Yeshvanthpur at 16.45 hrs on September 6, 2011 and arrive at Kochuveli at 11.10 hrs the next day. In the return direction, Train No 06538 Kochuveli -Yeshvanthpur Garib Rath Express Special will leave Kochuveli at 14.00 hrs on...
02:36 AM, Sep 08, 2011
London: Britain's House of Lords on Thursday endorsed the recommendation of its Privileges Committee and suspended for varying periods three members of Asian-origin after concerns had been voiced about a possible racial bias in the decision. The House unanimously approved sanctions against Lord Swraj Paul, who remains suspended for four months, Baroness Manzila Pola Uddin, who remains suspended for 18 months, and Amirali Alibhai Bhatia, who remains suspended for 8...
08:14 PM, Oct 21, 2010
Leading NRI industrialist Swraj Paul spoke to CNN-IBN on the deal. ...
08:57 PM, Sep 16, 2007
Leading NRI industrialist Swraj Paul spoke to CNN-IBN on the deal. ...
03:23 PM, Sep 16, 2007
An attempt to institute a criminal case against leading Lord Swraj Paul fails. ...
01:31 AM, Jul 23, 2007
Lord Swraj Paul has taken over as the first Chancellor of the prestigious University of Westminster. ...
02:03 PM, Oct 10, 2006
