02-09-2005, 07:42 AM
India needs $460 bn FDI in 10 years
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India needs $460 bn FDI in 10 years
Wednesday, December 22, 2004
BANGALORE: India will need $480 billion in foreign direct investment (FDI) over the next 10 years to become a developed nation, Infosys chairman N.R. Narayana Murthy said here Tuesday.
Inaugurating the Standford-India Development Conference 2004 at the Infosys campus, he said though Prime Minister Manmohan Singh had hinted India would need $150 billion to develop infrastructure, the amount may be inadequate to make India economically strong in the coming decade.
"My gut feeling is we should get about $480 billion FDI in the next 10 years if we really aspire to be economically strong," Murthy said in his opening remarks.<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India needs $460 bn FDI in 10 years
Wednesday, December 22, 2004
BANGALORE: India will need $480 billion in foreign direct investment (FDI) over the next 10 years to become a developed nation, Infosys chairman N.R. Narayana Murthy said here Tuesday.
Inaugurating the Standford-India Development Conference 2004 at the Infosys campus, he said though Prime Minister Manmohan Singh had hinted India would need $150 billion to develop infrastructure, the amount may be inadequate to make India economically strong in the coming decade.
"My gut feeling is we should get about $480 billion FDI in the next 10 years if we really aspire to be economically strong," Murthy said in his opening remarks.<!--QuoteEnd--><!--QuoteEEnd-->