What happened to the Investment Commission set up by the government with much fanfare in December 2004 with the objective of, among other things, improving FDI flow into India?
The commission, comprising Ratan Tata, Deepak Parekh and Ashok Ganguly, did submit a 100-page report in March 2006 identifying major impediments to higher investment in India and setting forth broad recommendations to improve the investment climate.
Post-report the panel appears to have gone into a limbo, if little information in the public domain about its functioning is any indication. Its official website www.investmentcommission.in too is bereft of any details. In December 2007, the government extended its term by two years—though many of its recommendations continue to remain on paper.