Industry does not have to fear foreign onslaught: PM
Monday, 08 November 2004, 20:30 IST
On Board Air-India One: Prime Minister Manmohan Singh said Sunday Indian industry does not have to fear a "massive foreign onslaught" because of the opening of the economy.
"We will make every effort to ensure that the opening of the economy to the outside world is a source of strength and not weakness," he said while addressing an onboard press conference en route The Hague for the fifth India-European Union summit beginning Monday.
"Our industry and India do not have to fear that there will be a massive onslaught because of foreign competition," he maintained.
"The challenge was to set in motion a process that will increase competitiveness of the industry," he added.
Source: IANS
Source: IANS