MNCs find it tough to do business in India due to corruption and uncertain laws

MNC in India are finding themselves on the wrong side of norms. Is that because doing business in India without indulging in corruption is close to impossible?

Sudden top management changes on most occasions make for vicarious reading pleasure. This week had a couple of such high-profile shuffles.

Globally, German engineering and electronics multinational and a reluctant poster boy for the fight against bribery, Siemens AG, saw a change at the top. CEO Peter Loescher was replaced by CFO Joe Kaesar. And in India, the suspended CFO of the retail joint venture company Bharti Walmart, Pankaj Madan, made a surprise return to the Indian conglomerate's telecom operation, Bharti Airtel.


Source: MNCs find it tough to do business in India due to corruption and uncertain laws - The Economic Times

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