International Conference On Laws Related To Foreign Direct Investment In India And Employment Laws (Labour Laws)
An International Conference on laws related to Foreign Direct Investment in India and Employment Laws (Labour Laws) was organized by Bhartiya Society for Socio Economic Development in Global Arena (an NGO) in Hotel Le Meridien, New Delhi to convey Foreign Investor’s apprehension to the Government of India to simplify the economic policies and norms to encourage FDI in India.
Hon’ble Chief Minister of Haryana, Shri Bhupinder Singh Hooda graced the occasion on Dais. High Commissioners from different Embassies, Foreign Investors, Eminent Lawyers, Law Makers etc also participated in the Conference to promote the cause and grace the conference.
In the Conference, it was discussed that if India wants to be ahead of China in the matter of FDI, she can’t ignore the simplification of FDI policies. India will have to make its economic policies flexible to remove investor’s apprehensions. India ranks 2nd most populous country of the world and is giving challenge to the Developed Nations in attracting FDI.
Hon’ble Chief Minister of Haryana, Shri Bhupinder Singh Hooda gave positive indication on FDI and also emphasized that he always supported FDI in the interest of farmers, consumers and small traders and stated that it is the need of the hour.
Shri Alok Sinha, International President of Bhartiya Society said that there is full legal support for Foreign Direct Investment in India and we are doing more efforts to simplify the policies and regulatory methods to attract more FDI in the country. In order to have inflow of money from outside India, Foreign Investors should be encouraged by simplification of laws, relaxation in RBI norms and minimizing the processing time to expedite the proceedings related to FDI formalities.
An expert speaker, Mr. Ruchir Sinha also stated that Foreign Investors are not comfortable with the Regulations & Tax regime. They don’t know what tax is being paid and on what, whether this is on dividend or on interest? He also discussed impact of GAAR (General Anti-Avoidance Rules) on FDI in brief.
It was also highlighted that due to inclination of labour law provisions in favour of employees in India, Foreign Investors are looking forward to liberal approach to be adopted by the Government to remove their apprehensions to make the process smooth and effective. It was felt that there is a need of proper synchronization to take the Indian economy forward and organizing such conferences is a good beginning in this regard.
This was a common platform where Law makers, Eminent speakers, Lawyers & other Eminent personalities gathered to share their knowledge and experience with participants. This platform gave participants an intermingling network with eminent persons to enhance their knowledge in the specialized field of “Employment laws, IPR and other Regulatory laws such as FEMA, SEBI etc.