January 1, 2014 9:01 PM

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Govt indicates further liberalisation in FDI policy

The government today indicated further liberalisation of the FDI policy in the coming weeks to attract foreign investments into the country. Commerce and Industry Minister Anand Sharma said in a statement, that the government will continue its endeavour to ensure that India retains its leadership position for attracting foreign investments. FDI norms were relaxed last year in several sectors such as telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.Expressing optimism over the economy in 2014, Mr. Sharma said, the coming months will see a greater push for development of industrial corridors across the country and work will commence for establishment of the first few cities along the Delhi- Mumbai Industrial Corridor.

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