Chidambaram promises fair,transparent regime for foreign investors

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FM promises fair,transparent regime for foreign investors
Seeking US investment in manufacturing in India, Finance Minister P Chidambaram today said the government was committed to ensuring a fair, transparent and non-discriminatory environment for foreign investors.

The Minister, who is on a visit to the US to sell India growth story and attract investments, met CEOs and top management officials of a number of American companies with substantial investments in India.

"It is in the mutual interest of both countries for India to become a large manufacturing economy," he said during his interaction with captains of American industry.

Discussions with business leaders including from Microsoft, Lockheed Martin, Boeing and ILFC focused on the current business and investment environment in India.

In his meeting with the Senator Max Baucus, Chidambaram stated that while some concerns have been expressed about the current business environment in India, the policies adopted by the Government are "pro-growth and WTO compliant".

He stressed that New Delhi is committed to ensure a transparent, fair and non-discriminatory investment environment for foreign investors seeking to do business in India.

The Finance Minister also underscored Indian concerns about the provisions in the Comprehensive Immigration Reform Bill relating to skilled non-immigrant visas. He also met with the Chairman of US Ex-Im Bank, Fred Hochberg and other senior officials.

Chidambaram who is here to attend the annual leadership summit of the US-India Business Council, will also meet his American counterpart Jack Lew.

PTI

Read more about: investments, finance minister
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