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Big investors just can't wait to set up shop in India, claims post-Paris Sinha

Finance Minister Yashwant Sinha described his visit to Paris and London as a 'grand success' in terms of interest shown by investors both foreign and non-resident Indians in building Indian infrastructure sector and other areas.

Speaking after his return, Sinha said the world is looking to India with a great deal of interest and had realised the stability of the Indian economy in spite of a global turnaround for the worst.

He said his visit to London was based on an invitation by the London High Commissioner for a meeting with investors. One of the star participants at the conference was the governor of Bank of England.

Sinha said prominent NRIs present at the London meeting took a positive view of policy changes introduced by the government.

He said Edwin Lim, World Bank country director for India, had aptly stated that the response at this bank's meeting on private investment in Indian infrastructure surpassed expectations. It had prepared itself for 100 investors but the actual number exceeded 180 and the organisers had to cap it at this stage.

The participation had shown the potential the big foreign investors see in India's infrastructure. The third day of the conference was dedicated to sectoral discussion on roads which saw a full house participation. The conference was an opportunity to explain Indian economic policy and the steps taken to boost investments, he said.

UNI

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