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Tuesday, Aug 02, 2005


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Capitalism

This refers to `Chidambaram says no need to fear capital' (Business Line, July 31).

The Finance Minister has appropriately pointed out the need for a change in the way MNCs are perceived.

India should, therefore, continue to keep its doors open to foreign investments in all sectors except those that are of strategic importance.

The manufacturing sector requires investment and so the conventional fears on capital should be allayed so as to keep up with the growing demand for more production.

C. P. Velayudhan Nair

Kochi

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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