Investments In India Can Now Be Committed Without Delay: FM

SAN FRANCISCO: Making a strong pitch for investments in India, Finance Minister Arun Jaitley has asked long-term U.S. investors to start investing without any delay as India's growth story is on a firm footing and all outstanding issues are under the government's active consideration.

In his meeting with a group of US investors, Jaitley, who concluded his nine-day U.S. tour, alluded to the extensive reforms that have been launched by the government in the last one year.

Addressing long-term investors at a roundtable organised by CII and Kotak in San Francisco yesterday, Jaitley said the economic fundamentals are very strong, making India one of the most attractive investment destinations.

Dispelling any notion of waiting and watching by long- term investors, the Finance Minister said India's growth story is on a firm footing and whatever outstanding issues are there are under the government's active consideration.

He reaffirmed that the lack of majority in the Rajya Sabha does not lead to indefinite delays and in fact there is no precedence of permanent hold up.

Jaitley urged the investors to look at India as a destination where investments can now be committed without delay.

Jaitley left for India yesterday and during his US stay, he visited New York, Washington DC and San Francisco.
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