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Our Bureau

`Growing interest for making investments in India'

New Delhi, July 8

The three-member Investment Commission headed by Mr Ratan Tata is to visit Japan on July 13 and 14 to promote India as an investment destination among prospective Japanese investors.

"We have been invited to visit Japan to share with Japanese investors the expanding conditions of growth opportunities in India. We would also gently remind them that they have not been off the starting block as fast as they could have," said Mr Ashok Ganguly, Chairman ICICI OneSource Ltd and Member, Investment Commission.

He said that there is growing interest in Japanese industry and banking sector for making investments in India. The other member of the Investment Commission is Mr Deepak Parekh, Chairman of Housing Development Finance Corporation Ltd. The Investment Commission has set itself the goal to increase the level of foreign direct investment to $15 billion by 2007-08.

Projects totalling to a likely investment of about $28-30 billion have been identified for facilitation and support.

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