Frivolous litigation hurts India's image as FDI destination: Bidvest

The Bidvest Group of South Africa, which is waiting to sell its 13.5 per cent stake in Mumbai International Airport (MIAL) for a year, has written to the central government, saying “prolonged and vexatious litigation” by GVK Group has led to huge losses for the company and negatively impacted India’s image as a foreign direct investment destination. “Not only has this prejudiced us, it also reflects badly on India as a jurisdiction that is conducive to foreign investment,” Bidvest wrote in a letter to the government on January 17. In March last year, Bidvest.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.