Hyderabad, June 5 (IANS) Confederation of Indian Industry (CII) president Adi Godrej Tuesday said it was possible to very considerably increase trade and investment with Pakistan.
He told a news conference here that the CII had sent two important delegations recently to Pakistan and Japan.
"It is possible to increase trade and investment with Pakistan very considerably. Pakistanis are also very interested," he said.
Godrej said Japanese were also very interested in investing in India. Stating that the CII was working to improve the investment sentiment, he said delegations would soon be sent to the United States, Britain, Latin America and many other parts of the world.
He agreed that the investment sentiment was poor, especially at international level and called for improving this through various measures.
He noted that the perception of the Indian economy both within India and abroad had turned quite negative.
The CII, which has mooted 10-point agenda for revival of Indian economy, called for easing Foreign Direct Investment (FDI). "We need more foreign exchange coming into the country. We need technology, managing skills that come with FDI."
The industry lobby called for opening the troubled aviation industry, insurance, multi-brand retail and several other sectors for FDI.
Underlining the need for increasing the exports, the CII suggested diversification of export market. It called for Foreign Trade Policy (FTP) to extend special focus market schemes to Latin American region (Brazil, Chile, Jamaica, Guyana), African region (Egypt, Nigeria, Algeria, Kenya), CIS countries (Russia, Ukraine) and Asia (Iran and Saudi Arabia).