10 billion Euro’s Investment in India by 2012: India-France Business Forum
10 billion Euro’s Investment in India by 2012: India-France Business Forum
French companies are committed to invest 10 billion Euro’s in India by 2012. This was stated by the French Minister of Economy and Finance Christine Lagarde in New Delhi today.
Addressing India-France Business Forum, she emphasised on opening up of sectors like insurance and retail, particularly, multi-brand retail, so that French companies can invest in these sectors.
Responding to the issues raised by the French minister, Planning Commission Deputy Chairman Montek Singh Ahluwalia said removing foreign direct investment (FDI) cap on insurance and multi-brand retail was very much on the government agenda.
He added that government is in the process of amending the Insurance legislation to pave the way for allowing 49 per cent FDI in this sector.
