Rahul Mehta Gandhinagar LsCandidate

China allowed FDI only on condition that repatriation of profits and capital will be ONLY via exports that unit generates, and not otherwise. We are NOT putting any such conditions.
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Many pro-FDI folks show china as success story of FDI model. But China in initial years, when it was weak on forex, had put condition to investors that if they want to take out their investments and/or profits, then, they can only take out the dollars they have obtained via exports. IOW, FDI never created any net commitment on Chinese Govt to repay dollars. We are NOT putting any such conditions. This is main reason why FDI creates a huge future risky liability on us.
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Solution is to print law-draft that any company which brings dollars can repatriate profits and capital only from the exports it has generated and exports can consist only of manufactured goods and not metals, food products, raw material etc.