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Kamal Nath lures foreign investors
By siliconindia staff writer
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Wednesday, 02 February 2005, 20:30 IST
NEW DELHI: At least 77 percent of all foreign investors in India make profit and another 8 percent break even, Minister for Commerce and Industry Kamal Nath today said.
"The remaining 15 per cent are on the way to make profit," he said at an investors meeting organized by the Commonwealth Business Council in London last night.
Giving a comparative picture of India and China, he said "In India the investment is driven by the domestic market while in China it is driven by the export market."
Kamal Nath said India's greatest future is its vast human resources - 400 million people in 15 to 35 years age group.Observing that India 2005 was different from the past, he said: "India is in the departure launch ready to take off."