Hong Kong: The travails of Japan’s NTT DoCoMo add an odd twist to scare stories about foreign companies investing in India. The Japanese telecoms operator is struggling to enforce a recent London arbitration award ordering Tata Sons to pay it $1.2 billion. Of the big outstanding disputes with foreign firms that hurt the idea that the country is open for business, the three-way spat between DoCoMo, one of India’s most respected conglomerates, and local authorities is one of the weirdest. In 2014—shortly before DoCoMo tried to exercise its option—a new rule came into effect preventing foreign investors from selling shares in Indian firms at a pre-determined price. The same is true for other big standoffs between foreign firms and Indian authorities over other things like tax, most notably Vodafone and Cairn Energy.

Source: Mint September 07, 2016 06:22 UTC