NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, January 2, 2014

Dejected over the poor implementation of the seven-year-old recommendations of the Sachar Committee report, a group of academics working on socio-development issues have urged the Centre to allow foreign direct investment in skill development and micro finance sectors.

They argue that both the Government and the private sector have so far failed to address the issues of minorities. Abusaleh Shariff, Economist and Member Secretary of the Sachar panel, told Business Linethat a number of countries and foreign corporate houses are ready to invest in micro finance and skill development.