PM THREE LAST

Singh said the government's policy on FDI would be
aimed at attracting more foreign direct investment.

"We are particularly keen to rationalise and simplify
procedures so as to create an investor friendly environment,"
he said.
He said India has managed to attract USD 121 billion
worth of FDI since 2001-02 but "this is not a large number
given the scale of our economy".
He further said to achieve inclusive growth, "We will
also have to expand government expenditure in critical social
sectors, especially health and education, including skill
upgradation of workforce."
The government last week cleared a proposal wherein
proceeds from sale of its equity in public sector firms could
be directly used to fund social sector schemes such as
education and health care.
"We now hope to see faster progress in sale of a portion
of Government shareholding in the domestic market and issue of
fresh equities in respect of the selected companies," Singh
said.
To a question on the two issues close to his heart, Singh
said: "Education and health care. We should have done a lot
more on these two areas. We are late in this process. It is my
sincere hope that in the next couple of years, we can get
public sector involvement and investment in education to six
per cent of our GDP." PTI TEAM
SDE


The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.