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INDIA TO SPEED CLEARANCE OF OVERSEAS INVESTMENT FOR PUBLIC COS.

AsiaPulse News

| May 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, May 1 Asia Pulse - The Indian government will initiate measures to improve financing of exports and evolve a fast-track clearance system of overseas investment for public sector companies to boost trade and investment from India, the junior minister for Commerce and Industry, Omar Abdullah, said today.

Addressing a conference on 'Asia-Africa Business Forum II', organised by industry association the Confederation of Indian Industry (CII), Abdullah said huge potential for export existing in sectors like pharma, chemicals, IT, automobile, agro and processing, textiles, need to be tapped properly.

"The government's efforts were on to tackle the constraints to trade and investments by way of improvement in financing exports, fast-track clearances, harmoniosing manufacturing standards and mutually acceptable solution to the ...

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