 | « Back to article | Print this article |
Prime Minister Manmohan Singh on Thursday asserted that the government will remove all hurdles to attract more foreign investments.
The United Progressive Alliance government was committed to creating an environment conducive to larger private investment, both domestic and foreign, Singh said emphasising his government's mandate to carry forward reforms.
In a joint press interaction with visiting German Chancellor Gerhard Schroeder, Singh said, "In the months and years to come, we will work together with all like-minded countries and our partner in Germany to remove all the obstacles that come in the way of increased German investment and technology flows and in promoting a harmonious trading relationship."
Referring to his discussion with Schroeder, Singh said the two countries have agreed to set a target to double bilateral trade in the next five years.
Schroeder's visit, he said would lend added momentum to the growing strategic partnership between the two countries.
The German Chancellor said he was personally committed to promoting this strategic partnership and that much more needed to be done to tap the existing vast economic potential.
Schroeder said he would do everything possible to promote trade with India and remove barriers that came in the way.