The irony did not escape most observers. In the same week that the Cabinet derailed disinvestment, the Planning Commission submitted a report to the Prime Minister on FDI in which it makes the telling point that ‘‘across the world, disinvestment has acted as a magnet for FDI.’’ With disinvestment in the doldrums, it is perhaps a wrong time to re-visit the FDI policy. But the report is out (unfortunately in poor English and with numerous errors), and merits the attention of the government. The case for FDI is too well-known. FDI brings in additional investible resources, modern technologies, access to markets and better and more efficient management practices. Wise countries encourage their people to save and entice those savings to their lands by providing opportunities for investment. We need both the domestic savings and the savings of the people of other countries. These savings are investible resources. Developing nations like India are in dire need of such resources. Hence the need to promote domestic savings as well as attract foreign investments.