ET Global Business Summit 2015: Bring back Indian companies registered abroad, says Vineet Jain

NEW DELHI: The world is flying on a single engine of the US economy. Can India become the second engine, asked Vineet Jain, managing director Times Group, flagging off the year's signature Airtel ET Global Business Summit.

The Times of India and The Economic Times are wholly owned by Bennett, Coleman.

Jain said the Modi government had hit the ground running, enacting major reforms, resisting the obstruction of the opposition. But while speed and determination of the new government have rekindled hopes of many Indians, there is also the uncomfortable fact that more and more Indian businesses are being registered overseas in countries like Singapore.

Urging the government to bring these companies back, he added that this should be part of the Make in India initiative. India, Jain said, needed more liberal policies in education and healthcare. These are essential aspects of India's soft power, and have not been addressed for decades.