Singapore: International corporations will increase investment in India following New Delhi's policy reforms announcement last week, Vice Chairman of General Electric Co said John Rice said Monday.
"We are optimistic with the announcement and we hope the government follows through and demonstrates that India is a place where you should invest and the companies like ours will invest," he said during a lunch talk at the American Chamber of Commerce in Singapore.
Welcoming the announcement of Foreign Direct Investment in retail sector as well as reports for more liberal reforms to attract foreign investments, Rice said: "We have a role to play too" as investors in infrastructure.
"I am very hopeful that the big steps that were announced by the Indian government," he added.
First Published: Monday, September 24, 2012, 22:11