India Losing out in Foreign Hardware Investment: Survey, XINHUA

From: Xinhua (China) | Date: February 26, 2002 | Copyright information

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NEW DELHI, February 26 (Xinhua) -- India was losing foreign investment in hardware sector to certain developing countries mainly due to tariff and other policy deficiencies in contrast to the country's continued dominance in the export of software, according the annual Economic Survey issued on Tuesday. Very low investment was taking place in hardware industry and foreign investment was going to China, Brazil, Malaysia and other countries, said the authoritative economic report. There were problems in hardware production in the country, which might be summarized as distorted ...