India business organisations have said that government's move to relax foreign investment rules in 15 sectors and ease the process for FDI approval proves the reforms agenda is on track and will send a positive signal to global investors. Ficci President Jyotsna Suri said this is again an affirmation of the government's commitment to strengthen the economy and generate more and more jobs for the youth of the country. She said simplification of procedures for foreign investments, putting more sectors on the automatic route is steps that would boost investor confidence.The government has recently relaxed foreign investment rules in 15 sectors such as civil aviation, banking, defence, retail and news broadcasting and eased the process for approval of FDI.CII Director General Chandrajit Banerjee said the government's comprehensive announcement on easing FDI norms in 15 major sectors of the economy is one of the boldest reform moves yet. Mr Banerjee said this is a clear and strong message that reforms are not only on track but are going to be aggressive. He said for the markets and for industry, these could not have come at a better time.Assocham Secretary General DS Rawat said liberalisation of FDI in a host of key sectors like defence, civil aviation, retail, banking and e-commerce will send a huge positive signal to global investors.