India Remains Bankable Investment Destination: Sachin Pilot

His comments come at a time when there has been widespread concerns about foreign investors no more finding India an attractive place to invest and the economic growth rate has slipped to 4.6 per cent in the April-September period of the current financial year compared to 5.3 per cent in the year-ago period.

To boost growth, the government has taken various measures, including relaxation of foreign direct investment norms in different sectors.

Among various steps, Corporate Affairs Ministry is implementing new Companies Act that would bring in sweeping changes in way corporates function and are regulated here.

The Ministry is also making efforts to improve India's ease of doing business profile and it has also suggested an impact assessment of work done by various regulators.

Taking forward the suggestions made by an expert panel headed by former Sebi Chairman M Damodaran in this regard, the Ministry has written to the Prime Minister so that further actions can be taken on this front.

The government-appointed panel, in its report submitted to the Corporate Affairs Ministry in September last, suggested a string of legal, administrative and regulatory reforms to make the country a better and easier place for doing business.