Let me say, it will not be possible if investments are weak, 'exports are weak, infrastructure is not improved. I understand that they have issued an Ordinance on land being acquired for road building. All I'm saying is that all these years we have believed that we want foreign investment because it will bring in technology. At Davos Mr Deve Gowda has requested MNCs not to 'destroy Indian companies. They need not be a threat if Indian companies restructure themselves.
Indian companies have great advantages.
They know the market, they have operated here, they have marketing outlets. MNCs will take years before they can set up any comparable marketing set-up. Indian companies, by and large, pay much lower wages and salaries. Even though we are liberalising, they know how to get around the ropes of the government much better than any foreign investor. I don't think this is a real threat.