INDIA: Creation of Investment Panel to Attract More India Foreign Direct Investment (FDI)

Tuesday August 28 2012

It has been reported that India’s government has set up a panel to suggest ways to improve the climate for doing business in the country as figures showed India foreign direct investment (FDI) in India slid by 78 per cent in June.

The committee, headed by former Securities and Exchange Board of India chairman M. Damodaran, will prepare a report within six months for submission to the Congress-led government, the corporate affairs ministry said.

Overseas investors have increasingly been avoiding Asia’s third-largest economy — until recently a sought-after investment destination.

This information will be updated as more details become available