Press Esc to close
Wednesday 22 October 2014
News updated at 7:18 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

A huge rangoli in front of Swaminarayan Temple...

A huge rangoli in front of Swaminarayan Temple...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

TRS activists set affire chairs at the TDP office in Nalgonda...

TRS activists set affire chairs at the TDP office in Nalgonda...

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