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SC verdict not to affect FDI flow: Jaswant
New Delhi, Sept 17: Finance Minister Jaswant Singh said on Wednesday the Supreme Court ruling freezing the sale of HPCL and BPCL would not have an impact on foreign investment, adding high growth would still lure investors.
New Delhi, Sept 17: Finance Minister Jaswant Singh said on Wednesday the Supreme Court ruling freezing the sale of HPCL and BPCL would not have an impact on foreign investment, adding high growth would still lure investors.
"There is no hindrance to foreign investment. I am sure they will continue to invest because of high growth in the economy," Singh said.
On Tuesday, the Supreme Court said the government required parliamentary approval to sell stakes in oil refiners Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd.
Singh said the government would examine the verdict.
Bureau Report