Date: Wed, 1 Jul 2009 20:44:35 -0700 (PDT) From: Gabriel de Figueiredo <[email protected]>
I was able to purchase two properties in the UK without ever having been a UK national Mario observes: Doesn't this depend on the laws of each country? India has traditionally been ultra paranoid of foreign investment for reasons that escape me, because it prevents badly needed investment money flowing into the country. We are seeing this narrow minded attitude in some of the comments on Goanet. When foreigners invest in physical assets the country not only benefits from their money but also retains ultimate sovereignty over the assets. The more Brits and other foreigners who invest in India the better for India. What are they going to do, run away with the property? Don't they have a vested interest in enhancing it, for their own benefit? I live in the USA which has perspicaciously become an economic and military superpower by gladly using other people's brains and other people's money and every resident, whether citizen or not, is provided with all the considerable constitutional rights, other than the right to vote.
