GE Says India ‘Frustrating’ as Stalled Decisions Cost Money
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Policy decisions in India are fraught with “uncertainty and confusion,” resulting in frustration for businesses operating in the country, John Flannery, chief executive officer for General Electric Co.’s local unit, said.
Opposition parties and allies of Prime Minister Manmohan Singh this week forced him to suspend a decision he made Nov. 24 that would’ve allowed retailers such as Wal-Mart Stores Inc., Carrefour SA and Tesco Plc to open supermarkets in the world’s second-most populous nation. Such flip-flops won’t prompt GE to review its plans, Flannery said in an interview in his office in Gurgaon near New Delhi yesterday.