Indian Official: Nation Open to Foreign Investment

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BY ANDREW BROWNE

BOAO, China—A senior Indian official insisted that the country remains open to foreign investment, despite a series of moves that have alarmed many international companies, created concern among India’s trading partners and scared away some funds from the stock market.

“There’s absolutely no question of India having turned against foreign investment,” Montek Singh Ahluwalia, the deputy chairman of India’s Planning Commission, said in an interview on the sidelines of the Boao Forum …

BY ANDREW BROWNE

BOAO, China—A senior Indian official insisted that the country remains open to foreign investment, despite a series of moves that have alarmed many international companies, created concern among India’s trading partners and scared away some funds from the stock market.

“There’s absolutely no question of India having turned against foreign investment,” Montek Singh Ahluwalia, the deputy chairman of India’s Planning Commission, said in an interview on the sidelines of the Boao Forum …

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