After cutting corporate tax rates, India is now examining if it can provide some assurance to foreign investors that there will be no retrospective policy action. It is also proposing to create a special mechanism under which investors looking to set up a base in the country would be handheld till the stage of groundbreaking. "Most foreign investors are wary of any retrospective policy change … This issue is under serious consideration as a part of the policy to promote investments," said Guruprasad Mohapatra, the secretary at the Department of Promotion of Industry and Internal Trade.