India favourably placed for foreign investments: DIPP Secretary

NEW DELHI:India holds the edge on parameters like availability of skilled manpower, attractive consumer market, stable and decisive political establishment to attract foreign investments, a top official said on Wednesday.

According to Department of Industrial Policy and Promotion ( DIPP) Secretary Ramesh Abhishek, an enabling regulatory framework is imperative to make that happen.

“Investment decisions are also to be seen in the larger context of performance of the host economy, availability of skilled manpower, attractive consumer market, and most importantly, stable and decisive political establishment. India is favourably placed on all these parameters and provides great place for foreign investment,” said an official statement quoting Abhishek.