“With Indian economy slowly directing towards a higher growth, it is very important that the recovery process which is underway is given a push and support through all policies.
The eagerness with which the government is acting upon policies and procedural reforms to make business firm and easy is noteworthy.
Recent service of the FDI policy framework is again a declaration of government’s commitment to make India a central hub of investors,” said Harshavardhan Neotia, President, FICCI.
Federation of Indian Chambers of Commerce & Industry
Foreign Direct Investment (FDI) is increasing and FICCI’s latest Business survey shows that utilization levels for companies are improving in the country.
As this happens, the hunger for new investments among domestic investors will also increase and that will be the right time for central bank to reward the flow of funds to the industrial sector as well as make it available at lower cost than today, he stated.
He hoped that the central bank will continue with the reform process in the banking sector and at the same time enable the flow of funds to the industrial sector for productive use at acceptable rate of interest.
