PARIS (PTI):Prospective private investors from all over the world attending the India development forum here have demanded that India pay greater attention towards removing procedural constraints to timely investment approvals and initiation.
The discussion on “importance of private capital flows in financing India’s development” focused on the status of and prospects for Cooperation with the international Private sector. The parties commented on their respective expenence with the investment environment which had been created by the government of India through its reform program.
Areas that required government’s attention in order to strengthen India’s ability to compete for investment funds in the international market were also identified.
Emphasis was placed on the capacity of the Indian economy and Capital market to handle the growing international flows efficiently and effectively. The regulatory framework within which private investors in power and telecommunications were expected to operate and specific aspects of the institutional framework as it affects manufacturing investments and operations were also discussed. The private sector noted India’s considerable growth potential and referred to its human resources democratic institutions and legal framework as important incentives in their consideration of investment decisions.
Article extracted from this publication >> July 8, 1994
