Nehru & Indira drove away Intel from India; it went to China: BJP
In a recent statement, BJP MP Nishikant Dubey sparked a heated debate by claiming that the former Prime Ministers of India, Jawaharlal Nehru and Indira Gandhi, drove away semiconductor companies like Intel and Fairchild from the country, ultimately leading them to set up shop in China. Dubey’s remarks have raised questions about the country’s business environment and the role of its leaders in shaping its economic destiny.
Dubey made the statement on his Twitter handle, stating, “It was because of Intel that Silicon Valley developed in America, where more than half of the jobs are held by Indians.” He further claimed that the Indian government’s decisions and policies during the time of Nehru and Indira Gandhi forced these companies to look elsewhere for investment opportunities.
The BJP MP’s statement has been met with both support and criticism. Some have hailed Dubey’s remarks as a bold attempt to hold the Indian government accountable for its past decisions, while others have dismissed them as an attempt to shift the blame for India’s economic woes.
It is, however, undeniable that India has struggled to attract and retain foreign investment in the technology sector. The country has long been a hub for software development and outsourcing, but it has failed to replicate the success of Silicon Valley in the United States or the technology sector in China.
One possible reason for India’s lack of success in attracting semiconductor companies like Intel and Fairchild is the country’s complex regulatory environment. India has a reputation for being bureaucratic and slow-moving, which can make it difficult for foreign companies to navigate the country’s laws and regulations.
Another factor that may have contributed to India’s failure to attract these companies is the lack of a robust infrastructure. India’s infrastructure, including its roads, power supply, and telecommunications networks, is often inadequate and unreliable, which can make it difficult for companies to operate efficiently.
The role of the Indian government in shaping the country’s economic destiny cannot be overstated. The government’s policies and decisions have a significant impact on the country’s business environment, and can either attract or repel foreign investment.
Nehru and Indira Gandhi were both known for their socialist leanings, and their governments implemented policies that were designed to promote self-reliance and protect Indian industry. While these policies may have had their benefits, they also had some negative consequences, including a lack of investment in the technology sector.
It is worth noting that India has made significant progress in recent years in terms of attracting foreign investment and promoting the growth of its technology sector. The country has implemented a number of measures aimed at improving the business environment, including simplifying regulations and investing in infrastructure.
The Indian government has also launched a number of initiatives aimed at promoting the growth of the technology sector, including the creation of special economic zones (SEZs) and the development of technology parks. These initiatives have helped to attract foreign investment and promote the growth of the sector.
In conclusion, while Dubey’s statement may have been provocative, it is undeniable that India’s economic growth has been hampered by a number of factors, including a complex regulatory environment, inadequate infrastructure, and a lack of investment in the technology sector. The Indian government’s policies and decisions have played a significant role in shaping the country’s economic destiny, and it is essential that the government continues to work to improve the business environment and promote the growth of the technology sector.
News Source: https://x.com/nishikant_dubey/status/1956538914207883396
