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 Industry & Economy - Foreign Direct Investment


`FDI in infrastructure sectors welcome'

Our Bureau

New Delhi , April 21

INDIA would welcome foreign direct investment (FDI) in the infrastructure sectors, including ports, airports, power and steel, the Planning Commission Deputy Chairman, Mr. K.C. Pant, said.

Speaking at a meeting with a high-level US delegation led by Mr Thomas J.Donohue, President and Chief Executive Officer of the US Chamber of Commerce, Mr Pant remarked that the relations between the two countries were on the right track and efforts should be taken to make it more positive.

Mr Donohue said the US was finding India as an ideal destination for outsourcing as it has sufficient skilled manpower with a good legal framework. He said American investors are interested in investing in the sectors of pharmaceutical, health, gas, power and defence and added FDI to India could improve further with an improved security scenario.

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