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Home International Customs India

India investment not pick up due to high cost of capital, credit growth: industry leaders

byCustoms Today Report
01/07/2015
in India
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GUJRAT: Prime Modi held separate meetings with the delegations of the two apex industry bodies   Minister Narendra Modi met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.

Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry The industry leaders told Prime Minister about investment not picking up due to high cost of capital, poor credit growth and difficulties faced by small and medium enterprises in doing business, top FICCI sources said.

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A statement from the Prime Minister’s Office said the delegations “appreciated” the work done over past one year and steps taken to improve ease of doing business.

Tags: high cost of capital

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