Pitching for removal of barriers that come in the way of setting up businesses in India, NRI industrialist lord Swraj Paul has said the country can compete with China as 'suppliers of the world'.
Stating that non-resident investment was key to China's growth, he also urged the Indian Government to give due importance to NRIs looking to invest in India, rather than classifying their capital inflows as foreign investments.
He said NRIs bringing in a certain amount of investment can be offered Indian citizenship by getting the necessary laws passed by Parliament, as a majority Government has come into power after 30 years.
Paul, Chairman of the UK-based diversified conglomerate Caparo Group, said that Prime Minister Narendra Modi's 'Make in India' campaign has huge potential, if the Government removes barriers that come in way of businesses.