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As regards foreign investment, I said we have our own priorities and cannot open up so others can exploit us...Cutting red tape is one aspect of libe… - V. P. Singh
" "As regards foreign investment, I said we have our own priorities and cannot open up so others can exploit us...Cutting red tape is one aspect of liberalisation, inviting all multinationals across the world is another thing. What I aimed at was a model of more internal competition, but resisting foreign capital.
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About V. P. Singh
Vishwanath Pratap Singh (June 25, 1931, November 27, 2008), Indian politician and government official, was the eighth Prime Minister of India (1989–90) and the 41st nominal Raja Bahadur (ruler) of the northern kingdom of Manda. He is known for trying to improve the lot of India's lower castes in his short term as Prime Minister.
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Vishwanath Pratap Singh
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Additional quotes by V. P. Singh
The market theory is, there should be international mobility of capital. I said, why not international movement of labour? Marketing theory only envisages mobility of all factors of production. That means their medicines can come, but our doctors cannot go. Their engineering goods can come, our engineers cannot go. Secondly, they want the developing countries to open up but deny them access to technology. Certainly, our economies have been too protected. But that has to go gradually.
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