Monday, March 26, 2012

India's global image has taken a beating, says Vijay Mallya

New Delhi: Kingfisher Airlines may have landed into all kinds of troubles, but its flambouyant promoter Vijay Mallya thinks that India's image as an investment destination has taken a beating.
"India's global image has taken a beating," Mallya said today on the social networking platform Twitter.
Kingfisher which is neck-deep into financial problems, seems to be betting on the government's intent to allow foreign airlines to invest in the domestic carriers.
However, Mallya has doubts whether global investors have confidence in India.
"Nobody seems to be confident that India is a great investment opportunity. Why are we going so wrong?" he asked.
But on the Budget day, Mallya tweeted, "good, balanced and pragmatic budget announced by FM ( Pranab Mukherjee)"
26/03/12 PTI/Economic Times

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