By Cherian Thomas
Bloomberg News

SINGAPORE: Mitsui has been discouraged from investing in India because of its poor roads, overwhelmed ports and other infrastructure problems, said Gempachiro Aihara, the head of Asian operations at the second-largest trading firm in Japan.

Congested ports and roads and power shortages add to the cost of operations in India, prompting Mitsui, Ford Motor and other multinationals to invest more in China, which spends three times more on infrastructure than India.

"Quite frankly, there is still a lack of infrastructure in India," Aihara, the chief executive officer of Mitsui, said over the weekend. "These basic issues are still very much needed in high speed."

Full Story...

Posted by dcjaya at November 19, 2007 2:16 AM