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Danny Gaekwad faces bureaucratic hurdles in $70M India deal
Moving funds has been a logistical nightmare, the Indian American investor says.
Danny Gaekwad. / Danny Gaekwad
Washington, Feb. 11 (5WH) – Florida-based Indian American businessman Danny Gaekwad has expressed deep frustration over bureaucratic challenges in India, which are delaying his ₹600 crore ($70 million) investment to acquire financial services company Religare.
"PM Narendra Modi is inviting investors, and I’m ready. But the British Raj-era bureaucracy is blocking the way with endless processes," Gaekwad told 5WH in an exclusive interview.
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