India has announced its support to a liberalized regional visa regime and more than doubling of the number of business visa from the current level of 200 to 500. Inaugurating the 5th SAARC Business Leaders Conclave in New Delhi yesterday, Commerce and Industry Minister Anand Sharma emphasized the need for activating and concluding the SAARC Agreement on Trade in Services. Mr Sharma called for the establishment of linkages amongst the financial institutions of the SAARC nations. He said, India supports the industry's demand for opening of Indian banks in each SAARC country to support businesses and act as a catalyst to greater economic engagement. Our correspondent reports that the two day Conclave, which began in New Delhi last evening, is being attended by the Ministers of Commerce and Industry and business leaders representing the region.