Press Esc to close
Sunday 19 April 2015
News updated at 2:56 PM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

Government will make India business, investment-friendly: Chidambaram

New Delhi, Feb 28, 2013 (IANS)
AFP Photo

India welcomes foreign capital for growth and easing the high current account deficit, and the government will do everything to clearly communicate its policies that facilitate overseas investment, Finance Minister P. Chidambaram said Thursday.

"India does not have choice between welcoming and spurning foreign investment; it is an imperative," Chidambaram said while presenting the federal 2013-14 budget to  the Lok Sabha, the lower house of parliament.

According to the finance minister, foreign investment is in consonance with economic priorities of the country.

He said foreign investments will ease the current accounts deficit which will need $75 billion to bridge the gap.

Chidambaram said the government will do everything to clearly communicate its policies which encourage investments and that he intends to make the environment business-friendly in India.

"Doing business in India must be seen as easy, friendly and mutually beneficial," Chidambaram added.


Go to Top

Photo Gallery
Guru Sai Dutt of PSPB and Neha Pandit of Airport Athority Of India won the men and women title...

Guru Sai Dutt of PSPB and Neha Pandit of Airport Athority Of India won the men and women title...

Tibetan Spiritual Leader Dalai lama and Archbishop and Nobel Laureate Desmond Tutu...

Tibetan Spiritual Leader Dalai lama and Archbishop and Nobel Laureate Desmond Tutu...

Nuns of Missionaries of Charity wait in a queue to cast their vote infront of a polling centre...

Nuns of Missionaries of Charity wait in a queue to cast their vote infront of a polling centre...

A langur eats potatoes being sold by a roadside vendor in Ahmadabad...

A langur eats potatoes being sold by a roadside vendor in Ahmadabad...

Leopard seen in new glass enclosure at Sri Chamarajendra Zoological Garden in Mysuru...

Leopard seen in new glass enclosure at Sri Chamarajendra Zoological Garden in Mysuru...

KSRTC buses standstill due to the 'bundh' called by the Kannada Okkuta...

KSRTC buses standstill due to the 'bundh' called by the Kannada Okkuta...

Karanaji Lake in Mysuru...

Karanaji Lake in Mysuru...

A little boy of a migratory family walks freely at BMTC bus stand...

A little boy of a migratory family walks freely at BMTC bus stand...

.A tourist drinks water on the roadside during a visit to Jantar Mantar...

.A tourist drinks water on the roadside during a visit to Jantar Mantar...

Various kinds of articles attracting the viewers exhibited during Rajasthani Mela...

Various kinds of articles attracting the viewers exhibited during Rajasthani Mela...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523