Why PM Narendra Modi went for a liberalised foreign investment regime

By: | Updated: October 6, 2015 3:12 PM

Prime Minister Narendra Modi on Tuesday said that the sentiment of private investment has turned positive in the recent years and that's why the government has liberalised the Foreign Direct Investment (FDI) regime in order to enhance the flow of foreign investments.

Prime Minister Narendra Modi on Tuesday said that the sentiment of private investment has turned positive in the recent years and that’s why the government has liberalised the Foreign Direct Investment (FDI) regime in order to enhance the flow of foreign investments.

“The sentiment of private investment and inflow of foreign investment has turned positive. To enhance the flow of foreign investments we have liberalized the FDI regime,” said Prime Minister Modi at the Indo-German Summit ‘Digitising Tomorrow’ organised by Fraunhofer India and NASSCOM.

“We are aware that domestic financial resources are not sufficient to meet our needs, therefore we need the flow of foreign investments. We are keen to build futuristic infrastructure. We are setting up an India Investment and Infrastructure Fund of Rs 20,000 crores (2.57 billion Euros) from our own resources,” he added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition