Govt pulling all stops to woo foreign investors

The government is clearly making all out efforts to woo back global investors into the country’s energy sector and drive India’s growth story.

Government officials said the Prime Minister’s Office (PMO) has taken the lead. Detailed parleys are being held at the highest level to woo foreign investors through road shows and detailed presentations are being given on India’s growth story and on some of the big ticket investment projects in the energy sector.

Personal invitations are being extended to top ministers across the world to visit India along with their business community. Bilateral communications are also being made with cash-rich Gulf nations to attract investments from their sovereign wealth funds into India’s infrastructure projects.
At a recent inter-ministerial meeting at the PMO, it was decided that a portfolio of investment proposals should be sent to Gulf countries including Kuwait, UAE, Qatar and Saudi Arabia.
Officials said a bouquet of concrete investment proposals, including PSU disinvestment, infrastructure funds and big ticket energy and infrastructure projects are being offered.
Minister for petroleum and natural gas M Veerappa Moily has also been holding talks with top ministers from Saudi Arabia, Kuwait and other Gulf nations, apart from  energy-rich Latin American nations such as Venezuela, and various African nations.

LOVE KUMAR GUPTA
PGDM 1ST SEM