Govt plans regulatory framework to woo FDI in infrastructure

NEW DELHI, OCTOBER 19 (PTI)

Government will set up a regulatory framework for infrastructure to create the necessary environment to attract $150 billion foreign direct investment (FDI) in the sector for achieving seven-eight per cent growth, Prime Minister Manmohan Singh announced on Tuesday.

"We are working towards the creation of a regulatory framework in infrastructure sector that would be transparent and independent and based on international best practices," he said inaugurating the third India-Asean business summit.