KUALA LUMPUR: India’s finance minister Dr. Manmohan Singh Friday allayed fears among Malaysians of Indian origin that the government’s policy of liberalization may be short-lived and assured them that it had become a permanent feature of the Indian economy.
Leading industrialists of Indian Origin offered to invest in India in a big way provided there was continuity of the policy of liberalization
Inviting the Malaysians to take advantage of the policy of liberalization to invest in India Dr. Manmohan Singh said his government was taking further steps in the direction of lifting all impediments that had stifled India’s industrial growth.
Further reforms and structural changes he said would be made in the next three years in bringing trade finance taxation and investment on part with international standards.
He also assured them that the stock market was proposed to be thrown open to international investments and exchange controls removed.
Article extracted from this publication >> October 18, 1991
