The investment plans of Australian companies have been under hold for Australia has been in view over the reforms which has put by Manmohan singh government. The second generation reforms which was put up to handle the corruption issues head on and to bring an end of the policy paralysis due to the reforms which has been put. There has been great opportunities which has been seen in the various sectors of India but their has been a standstill in the government and no decisions have been taken. Though there has been many of the retrograde steps on taxation seen but the initiation over the reforms of the second generation has not been taken up.
The lack of direction can be seen in the government though there has been the second generation reforms undertaken the government has been in standstill. The major concern in India is that of the Corruption and still no action has been taken up on the issue of the Commonwealth Games scam which took place a just before. These were the details which were being spoken by the senior officials in the Foreign Affairs and the Trade Department who spoke to the visiting correspondent recently. The surprise came when the decision to allow about 51% in the multi brand retail was been given and then was been withdraw-ed giving a wrong message to investors.
The foreign investors had received a faulty message over the stability and the creditability of UPA of the government of India policies stated the official. In the retail sector there has been tie up between the Tata group and Woolworth however the relationship had ended due to the lack of the policy direction from New Delhi. The Australian companies had also looked for the opportunities in the banking sector which will have some of the major reforms and taxation was the words spoken by the official. Further the opportunities were being seen in wine and spirits,clearing of the minisg ventures government procurements and mutli brand area stated the CEO of a company.




