Finance Minister P Chidambaram welcomed investment from foreign insurance, banking and asset management companies in India.
During his visit to Tokyo, Japan, he said these companies have shown keen interest to investment in India and they were welcome.
Insurance companies, large asset management companies are very keen to invest in India. I think there is great deal of interest among banks and insurance companies to gain a footprint in India, he is quoted as saying in a leading media.
He remarked that India has a very transparent rules and in the financial sector there is a lot room for new players they are extremely positive about India. India is a safe destination, Chidambaram is quoted as saying.
Meanwhile, he raised concern about the 2.5 per cent contraction in output of the eight core sector industries during February. It will have implications for the industrial output.
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