FDI needed to bring back capital: Gadkari

Last Updated: Tue, Oct 02, 2012 19:34 hrs

New Delhi: Even as the party opposes FDI in multi-brand retail, BJP president Nitin Gadkari on Tuesday pitched for foreign investment in other sectors and conducive atmosphere to bring back capital in the country.

"FDI has stopped coming in the country. Whatever had come is going back. Indian industry is taking its investment out of the country. The atmosphere in the country is not friendly for industrial investment. The nation has to be made friendly to capital investment in industry. FDI in various sectors has to be brought in the country," Gadkari told party youth workers.

Gadkari also suggested that a mechanism is needed for conducting 'performance audit' of the government as well as the political parties to ensure best results of development efforts.

"Performance audit is required to be enforced in this country...this should be there even for parties...There is need for a strong political will, development-oriented approach and team spirit, especially among politicians," Gadkari said delivering a talk on 'Politics of Development' at a programme organised by the Bharatiya Janata Yuva Morcha.

The BJP chief also criticised the presence of government in various businesses like textiles, steel, airlines, railways and mining, where there have been losses.

Gadkari exhorted youth to contribute in the country's development and asked them to adopt the path of honesty. He lamented that even after 65 years of Independence, the country was still fighting poverty.

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