PRESIDENT-BUSINESS 2

India has achieved levels of European productivity at
20 per cent of cost and, continues to remain competitive in
labour costs making it an attractive investment destination as
its economy has performed well in 2009 despite global
downturn, she said.

Despite global economic crisis, sectors like IT and
Information Technology enabled Services (ITeS) have grown with
remarkable pace, she said.
"Aggregate revenue from the overall Information
Technology enabled Services grew by over 33 per cent to reach
USD 64 billion in fiscal year 2007-08 as compared to USD 48.1
billion in 2006-07," Patil said.
The President said strong domestic demand and an
upwardly mobile middle class population offer tremendous
opportunities to the global business community.
"Our infrastructure financing needs are estimated to
be USD 550 billion in the next five years. There is huge
potential for cooperation in this area mainly through public
private partnerships," Patil said.
The President said, "This has made us a significant
player in a knowledge based economy. Our capabilities in
biotechnology, pharmaceuticals and health sectors are
well-known. Similarly, sectors like environment protection
and conservation could also be used by our partners and
friends to the benefit of our people." (MORE) PTI SKL
AM


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