Budget to send positive signal to foreign investors: Lord Paul

Tags: News
Welcoming the Indian budget as "pragmatic and sensible", NRI industrialist Lord Swraj Paul said today that it would send a positive signal to foreign investors.

Paul, founder-Chairman of the Caparo Group, which has sizable investments in India in the steel and automotive sectors, said, "I congratulate Finance Minister Arun Jaitley and Prime Minister Narendra Modi for clearly laying out the roadmap for economic recovery of the country.

"Jaitley deserves all praise for presenting a budget that clearly lay the foundation for implementing the promises made by the BJP during the election campaign. He has inherited a tough economic situation but it is clear that he is not daunted by it. The budget will restore faith in Indian economy and give confidence to foreign investors," Paul said here.

EDITORIAL OF THE DAY

  • Trade policies must not ring fence specific industry sectors

    Within days of the government setting a floor price for import of steel products to thwart countries such as China from undercutting local mills, gove

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Kumar Jain

Reframe mindset to achieve excellence

Niels Bohr, the famous quantum physicist on­ce said, “The opposite ...

Kuruvilla Pandikattu

More real than the reality

Virtual reality (VR), a te­chnology that offers an un­imaginably altered ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture