India mulls selective FDI from Pak
India can think over the foreign direct investment (FDI) from Pakistan. It would wait for the political stability in the country. It is to be noted that both countries do not allow FDI with each other. Explaining the matter, Minister of State for Commerce and Industry Jairam Ramesh said that India would consider security issues, political stability and other economic factors before allowing FDI on a case-by-case basis.
Union Minister was here to attend a seminar of Research and Information System for Developing Countries (RIS). He further said that India would boost commercial activities under the South Asian Free Trade Agreement. The country would make commerce friendly investment plans with its neighbours such as Pakistan, Sri Lanka and Nepal. India would also sign a trade pact with ASEAN for duty free trade between India and Asean in December.
India had already allowed FDI from Bangladesh on a case-by-case basis in December 2007. India and Pakistan are planning trade through two points in the Line of Control in Jammu and Kashmir from next month. Some India software and technology companies have also shown interest to invest in Pakistan.