Tata fears Indo-US nuke deal failure to hit FDI to India

Tata Sons Chairman Ratan Tata has said any failure of the Indo-US nuclear deal would be a “serious setback” for India and could impact inflow of foreign direct investments (FDIs) to the country.
In an interview with Karan Thapar for Devil's Advocate programme on television channel CNN-IBN, Tata said the civil nuclear deal with the US was in many ways the best possible thing that had happened to India in a long time.
Asked would it be a setback if the deal didn't materialise, he said: “I believe it is a serious setback to India. I believe the only people happy to see this not happening are probably Pakistan and China.
Apprehending implications on FDI inflows if the deal were to fail, Tata said: “I think it could because I think there would be repercussions and there would be reactions.”
The industry doyen felt a need for the present political system to change and take a re-look at ideologies.
On a question if the Left needed to reinvent itself, he declined a direct reply but said: “We all need to reinvent ourselves. Even the Vatican reinvents itself.