Professional Documents
Culture Documents
10902226
Rq1908a08
Remains of a dream
Introduction
This is about a NRI person who is working as a chemical analyst for
transnational in germany.he was very keen to move to India and start his
own business in chemical fields.oppertunity came when he saw
advertisement utter pradesh government calling NRI professional to start
chemical unit.he straight away grapped the opertunity in the place called
basti.he went to lucknow after that.
Promises by government
It was told to him by the Indian high commission that there would be single
window clearance for NRI investor,it was also told to him that there would
be benefits in excise and sales tax holiday for five years,uninterrupted power
supply,low interest on loan and clearance of application in 30days.
Conclusion
UPFC initiated the recovery action and sealed his unit,besides they
claimed that he could not get NRI treatment because he had
permanently moved to India.there were plans to put a case against
him.he declared himself insolvent and he had to spend 15lakh from
his own pocket.
What could have done so that this problem could hav been
ignored?
1)government should have played his part properly and should
have kept all there promises
2)before investing India he should have taken care of political
environment India,as there was election soon in the state so he
should have kept this in mind.
3)public agencies were irresponsible,that could have also been
ignored.
4)he should have investigated all the interst and installment
details,when to give,how much to give or receive etc.