Prakash Mehta Interviewed by Metropolitan Corporate Counsel on Investing in India
Prakash Mehta, co-head of Akin Gump’s investment funds and private equity practices, was interviewed by Metropolitan Corporate Counsel on the topic of investing in India.
In the course of the discussion, Mehta noted that “the three pillars of our international practice that reach into India are funds, energy and policy.” He also discussed the impact of recent changes in India’s foreign direct investment policy on multi-brand retail establishments, saying that India allowing 51 percent investment by foreign firms and 100 percent ownership for single-brand firms “will be a very important step in the direction of modernizing retail in India and, given the size of the Indian consumer base, will provide retailers with an opportunity to establish themselves in one of the world’s most important markets.”
Mehta also discussed the advantages of the joint venture vehicle for foreign investors in India and the importance of foreign investment in the infrastructure sector, among other topics.
The article in its entirety can be read here.