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India needs foreign investment in industry: BJP

New Delhi, Oct 2 : Even as the BJP is fiercely opposed to FDI in multi-brand retail, party president Nitin Gadkari Tuesday called for foreign funds in other areas and said the atmosphere should be

IANS IANS Updated on: October 02, 2012 23:21 IST
india needs foreign investment in industry bjp
india needs foreign investment in industry bjp

New Delhi, Oct 2 : Even as the BJP is fiercely opposed to FDI in multi-brand retail, party president Nitin Gadkari Tuesday called for foreign funds in other areas and said the atmosphere should be made conducive to industrial investment.




Speaking at a function of Bharatiya Janata Yuva Morcha (BJYM) here, Gadkari said foreign investment had stopped coming into the country and Indian industrialists were investing abroad.

”The atmosphere in the country is not friendly for industrial investment. The nation has to be made friendly to capital investment in industry,” Gadkari said, and added that FDI in various sectors should come to the country.

Earlier, speaking at a function at the BJP office here, Gadkari urged party workers to focus on work rather than on speeches.

He said the BJP had leaders who work and those who give speeches. “I have told such leaders who only give speeches to work for the party,” Gadkari said.

In his speech at the BJYM function, Gadkari laid stress on performance audit for the government and even for political parties.

He said that government companies were making losses in several sectors, adding that the main role of the government was to make policies and not run businesses.

However, Gadkari said he was supporting capitalism and that more competition would prove beneficial for consumers.

He said while the BJP was in favour of modernisation, it was not in favour of westernisation.

Gadkari accused the Congress of failing to effectively tackle poverty in nearly six decades of its rule and said “war against poverty” was the biggest challenge for the BJP.

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