India is growth oriented: Chidambaram to US

July 11, 2013 09:54

Union Finance Minister P Chidambaram has defended Indian policies as growth-oriented as he invited American companies to establish manufacturing plants in India during his meetings with industry leaders and lawmakers of the US.

Chidambaram, who is on a four-day US trip to attend the annual leadership summit of the US-India Business Council, urged the leaders of the US corporate sector for substantial investments in India as he emphasised the need for US companies to set up local manufacturing bases in India, saying, "It is in the mutual interest of both countries for India to become a large manufacturing economy".

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