India seeks FDIs from Gulf: Min
India is eying FDI's from the cash-rich Gulf region.
By PTI |
DUBAI: India, which is wooing foreign investment in all sectors especially in infrastructure, is eying FDI's from the cash-rich Gulf region.
"India is keen to promote its trade and political ties with the neighbouring countries of East and West, as it is keen to get funds for its infrastructure development as the country aims to join the ranks of the economic powerhouses of Europe, the US and Japan," India's Minister of State for Industry Ashwani Kumar told a meeting of top Dubai businessmen and professionals organized by the Indian Business Professionals Council on last evening.
Kumar, who was transiting through Dubai while on his to India, said "the UPA government is keen to boost traditional ties, dating back to thousands of years, with the West Asia region which forms part of India's immediate neighbourhood."
Speaking about the initiatives taken by the government, he said India proposes to establish petroleum, chemicals and petrochemicals investment regions (PCPIRS) at various locations.
"These regions are envisaged as growth engines that will boost manufacturing, augment exports and generate large-scale direct and indirect employment."
"India is keen to promote its trade and political ties with the neighbouring countries of East and West, as it is keen to get funds for its infrastructure development as the country aims to join the ranks of the economic powerhouses of Europe, the US and Japan," India's Minister of State for Industry Ashwani Kumar told a meeting of top Dubai businessmen and professionals organized by the Indian Business Professionals Council on last evening.
Kumar, who was transiting through Dubai while on his to India, said "the UPA government is keen to boost traditional ties, dating back to thousands of years, with the West Asia region which forms part of India's immediate neighbourhood."
Speaking about the initiatives taken by the government, he said India proposes to establish petroleum, chemicals and petrochemicals investment regions (PCPIRS) at various locations.
"These regions are envisaged as growth engines that will boost manufacturing, augment exports and generate large-scale direct and indirect employment."
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