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India to ease foreign direct investment rules - min

Tue Nov 4, 2008 3:43pm IST
 
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NEW DELHI, Nov 4 (Reuters) - India will further ease foreign investment rules, including those relating to defence production, Commerce and Industry Minister Kamal Nath said on Tuesday.

He did not name the other sectors where foreign investment rules could be relaxed, but said the cabinet would consider the issue soon.

Nath added that during the April-September period of the current fiscal year foreign direct investment inflows rose 137 percent from the same period a year earlier to $17.21 billion. (Reporting by Manoj Kumar; Editing by Mark Williams)

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