EU asks India to provide stable investment climate
Quotes

EU asks India to provide stable investment climate

Last Updated: Tuesday, August 14, 2012, 23:27
 
 Comment 0
 
EU asks India to provide stable investment climate
New Delhi: The EU on Tuesday asked India to provide stable business climate in order to attract more investments from Europe.

Speaking at a function of PHDCCI , Joo Cravinho, Ambassador, Head of Delegation of the European Union to India, said "If India can provide stability and predictability, it will attract more investments".

He said that the European Union's investments in countries like the US, China, Russia and Brazil are huge as compared to India.

"Thus the scope of FDI from EU in India is very large," he added.

The 27-nation bloc is India's largest trading partner and is one of the largest sources of foreign direct investment (FDI), he said.

"Though economic relations between India and EU have been multi-dimensional and have expanded over time, they are far below the potential," he said.

At present, India and EU are negotiating a comprehensive free trade agreement.

The pact aimed at drastically reducing duties on goods and facilitating investments.

Speaking on the occasion, PHDCCI President Sandip Somany said that EU being the most competitive market in the world, it is necessary for Indian companies to enter the that market.

The two-way trade stood at USD 91.3 billion in 2010-11. A Ficci report said that trade between the two sides is likely to more than double to exceed USD 207 billion by 2015, if the trade pact is formalised.

PTI



First Published: Tuesday, August 14, 2012, 23:27


Comments


comments powered by Disqus
New York Auto Show
New York Auto Show
Top Businesswomen in India
Top Businesswomen in India
World`s top ten billionaires 2014
World`s top ten billionaires 2014
2014 Geneva International Motor Show
2014 Geneva International Motor Show
Geneva Auto Show 2014
Geneva Auto Show 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved