Published on Tue, Nov 14, 2006 at 08:27 | Source : Moneycontrol.com
Updated at Tue, Nov 14, 2006 at 09:05
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Chidambaram seeks more Arab investments
The Finance Minister, Mr P. Chidambaram, on Monday invited more investments from the countries of the Arab world, highlighting that none of them, including the oil-rich countries, are in the list of top 10 investors in India.
The Finance Minister, Mr P. Chidambaram, on Monday invited more investments from the countries of the Arab world, highlighting that none of them, including the oil-rich countries, are in the list of top 10 investors in India.
"While trade and exchange of human resources (between India and the Arab world) have been impressive, I should point out that investment flows have not been as impressive. I believe this is a situation that deserves to be corrected," Mr Chidambaram said at an international conference on `Indo-Arab relations: Partnership in development' here today.
He observed that oil producing countries today have large reserves and felt that India could be an attractive destination for investing a part of these reserves.
He said that India had recorded over 8% GDP growth in the last three years and this year too, the economy would register a growth rate of not less than 8%.
He observed that oil producing countries today have large reserves and felt that India could be an attractive destination for investing a part of these reserves. 
