The adage in India is that if you want to set up shop in china they roll out the red carpet. If you want to set up shop in India, they roll out the red tape.
The Jio piece posted here a few days ago (stratechery, I think) made a point of Indian national pride, control, and home-grown expertise playing a large role.
> Because the fundamental nature of Indian politicians is socialist and statist.
That seems to have changed significantly now, after all a right-wing party has been in power since 2014. It seems to fit well with a lot of the private sector, and it did open up many entrepreneurship schemes too.