India Working on Aggressive Strategy to Attract FDI: Suresh Prabhu

On Tuesday, Indian politician and the country’s Sherpa to G20 and G7 groups Suresh Prabhu said that the Center is working on an aggressive strategy to attract more foreign direct investment nto India in the aftermath of the deadly COVID-19 pandemic.

In a virtual interaction with members of the Indo-Canadian Business Chamber (ICBC), Prabhu outlined the impact of the coronavirus pandemic and the way it will change the global business and trade practices, while defining eight key areas of enhanced cooperation between India and Canada going forward, according to a statement.

He also specified high-tech, financial services, capital investment, healthcare, manufacturing, environment, logistics and trade promotion as the areas that would face a major uptick between the two countries, the ICBC said in the statement.

In the virtual meeting, Prabhu also pointed out that the Prime Minister has constituted a task force headed by the finance minister which is looking specifically into this and he is sure it will be communicated to the right people soon.

The global economy has come to a standstill due to the COVID-19 pandemic that has forced countries to order compete or partial lockdowns.

This virus which emerged in the Chinese city of Wuhan last December spread like wildfire across the globe and has so far infected more than 3.5 million people worldwide.