N-deal failure will not harm investment: Swaraj Paul

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New Delhi, Sep 15: Foreign investment in India and India's image as an investment destination will not suffer if the Indo-US Nuclear deal falls through, NRI businessmnan Lord Swaraj Paul has said.

But reducing bureaucratic work and corruption is far more healthy for foreign investment, he told CNN-IBN in an interview.

He said Western investors or governments would not be bothered if the deal fell through, except for the people who were going to supply nuclear plants.

''I don't think anybody is bothered whether this deal comes through or doesn't. As long as India keeps reforming and reducing bureaucratic work and corruption, it is far more healthy from an investment point of view,'' he said.

Lord Swaraj Paul said people had not really undeerstood what India and the US wanted out of the deal and both countries had not been able to clear the confusion about it.

''As far as the deal is concerned, I don't think people have really understood what India wants out of this and what the US wants. If the idea is nuclear power, how much power is it going to generate as compared to the needs of the country...,'' he said.

UNI

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