India seeks foreign investments in manufacturing sector
Media Release
Jun. 21, 2006

India on Tuesday asked foreign entreprenuers to take advantage of the investor-friendly atmosphere in the country and said it was the right time to pump money in the country, especially in its manufacturing sector.

"Those who go in early would have an advantage," Minister of State for Commerce and Industry Ashwani Kumar told more than 150 CEOs, entrepreneurs and businessmen at a breakfast meeting organized by the prestigious Asia Society. The minister pointed out that the foreign companies that have set up establishments in India have never lost money and many of them are seeking to expand their activities in a big way. Admitting that infrastructure needed to be improved, he pointed out that the government plans to spend US$150 billion over next 7 to 10 years including US$22 billion in the power sector. Besides undertaking major expansion in power production, Kumar said, India was also modernizing airports and sea ports to sustain the manufacturing sector.

India seeks foreign investments in manufacturing sector
Media Release
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