Press Esc to close
Saturday 30 May 2015
News updated at 2:58 AM IST
Weather
Max: 33°C
Min : 22.3°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
Bollywood actress Sonakshi Sinha poses next to the newly launched BMW 6 Series Gran Coupe...

Bollywood actress Sonakshi Sinha poses next to the newly launched BMW 6 Series Gran Coupe...

Foreigners dance during Millionaire Bhanwar Lal Doshi's Diksha ceremony for becoming a Jain monk...

Foreigners dance during Millionaire Bhanwar Lal Doshi's Diksha ceremony for becoming a Jain monk...

A man takes a nap inside a car on a hot summer day in Ahmadabad...

A man takes a nap inside a car on a hot summer day in Ahmadabad...

A shepherd going with sheep to the next village near Jaliya Village in Beawar, Rajasthan...

A shepherd going with sheep to the next village near Jaliya Village in Beawar, Rajasthan...

Monsoon clouds hover over the Mumbai skyline near Marine Drive sea-face side on Friday...

Monsoon clouds hover over the Mumbai skyline near Marine Drive sea-face side on Friday...

An Indian child plays in front of a water sprinkler to cool off on a hot summer day...

An Indian child plays in front of a water sprinkler to cool off on a hot summer day...

Martina Hingis of Switzerland returns the ball as she plays with Sania Mirza...

Martina Hingis of Switzerland returns the ball as she plays with Sania Mirza...

Police detain National Students' Union of India (NSUI) activists during a protest...

Police detain National Students' Union of India (NSUI) activists during a protest...

Waleed Iqbal of Pakistan (Grandson of Muhammad Iqbal)...

Waleed Iqbal of Pakistan (Grandson of Muhammad Iqbal)...

Chief Minister Siddaramaiah eating mango after inaugurating Mango Jackfruit festival...

Chief Minister Siddaramaiah eating mango after inaugurating Mango Jackfruit festival...

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