In a recent survey of MNCs ( multinational companies), India has come as one of the top three choices for infusions in the coming two-three years. Over two-thirds of respondents in the survey stated that the nation as the number one preference for infusion in the offing, Financial Times reported.
According to the FDI survey that was released by CII (Confederation of Indian Industry) in association with EY (Ernst Young), about half of the respondents see the country amid the top three economies or leading manufacturing destinations of the world by 2025. Apart from this, 25 per cent of the respondents, who represent non-Indian headquartered (HQ) MNCs, view the country as the first choice for future investments, the cited media agency reported.
The respondents of the survey mentioned skilled workforce, market potential, and political stability as prime three reasons to make India their favoured destination. Other attributes that make the country as an investment destination are easy availability of labour, policy reforms, and availability of raw materials.
Several reforms have been launched in the country to attract capital infusions--Corporate tax cuts, FDI reforms, 'Ease of Doing Business' steps, to name a few.
In the survey, non-Indian HQ MNCs stated that major investment in infrastructure and 100 smart cities, as well as financial sector reforms, will help establish the country as a favourable destination for FDI, it said.