Industries need un-innterupted power. There are massive power shortages already.
Mass production requires good road & rail connectivity - the state of roadways in India is pathetic
Freedom to hire (and fire) people - 1950s era socialist labor laws are abundant in India
Pervasive cancerous corruption at every conceivable level
While a laudable concept & initiative by the Modi govt. - first he needs to fix a few things in the country