Prominent business chamber of Indian, Federation of Indian Chambers of Commerce and Industries (FICCI) responded positively to the government’s recent move over Foreign Direct Investment (FDI).
Commenting on the announcements by the government on the liberalised FDI regime, Dr. A. Didar Singh, Secretary-General, FICCI said: “Simplification in the policy framework governing investments in a whole host of sectors including strategic sectors like defense and aviation is a huge positive for the economy. The Modi administration through these moves has once again highlighted that reforms is a continuous process in order to capitalise potential India offers”.
“There is no doubt that India today is the most preferred investment destination in the world. While the attraction of our market is known to all, there is now even more reason for global investors to commit themselves for making and doing business in India. Our government is translating words into action and after having made the strongest pitch ever to global investors, it if following up with a major overhaul of the FDI framework so that the interest generated is captured in the form of higher investment flows which are on a rise since the last two years”: Dr Singh further opined.
FICCI also complimented the government for these moves and stated to stand committed to spread the message about the new investor-friendly regime in the country globally.