July 16, 2012 2:03 PM

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Commerce Minister Anand Sharma says India's investment environment is friendly

New Delhi today assured the economic partners across the world that investment environment in the country is friendly.

Talking to reporters in New Delhi today, Commerce Minister Anand Sharma said that the Centre has taken enough measures to welcome investors into the country.

Reacting to the US President Barack Obama's comment that India should open up for FDI in retail and other sectors, Mr Sharma said that the observation is based on perception.

The Minister exuded confidence that India will remain a top most investment destination for the next three years. Mr Sharma said the government is committed to ensuring that investment sentiment is revived.

The Commerce Minister said, the government is taking every possible step to ensure that more and more domestic goods are exported and find markets abroad.

Regarding access to pharmaceutical products in the Chinese market, the Minister said that he has taken up the issue with the authorities there. He added that Prime Minister Dr. Manmohan Singh has already discussed the issue with his Chinese counterpart, Wen Jiabao.

Replying to a query regarding inflation, Mr Sharma said that it is cyclic and expressed the hope that monsoon will revive so that prices of food articles do not go up.

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