In order to provide a new edge to the investment in the country, the Indian government has decided to establish a joint venture (JV) company ‘Invest India’ in association with industry body FICCI.

At the National Seminar on Foreign Trade Policy, Kamal Nath, Commerce and Industry Minister Kamal Nath said, “The Invest India company, a joint venture between the Department of Industrial Policy and Promotion and FICCI, would be funded by the Government and managed by the chamber.”

The company, funded through government, would be established in the next two months.
 
The minister said that inflation was a worry that should be handled with, by managing supply side constraints.

 Mr. Nath also said that the current foreign trade policy will concentrate on promoting India’s trade basket with the addition of high value-added manufactured products and items such as fruits and vegetables.

"We invite suggestions from industry within 15 days on the Focus Product & Focus Market schemes announced in the trade policy review," Nath said.

He added that these plans would also help exporters to access surviving Markets with new products and enter the hitherto unused areas.

The government’s aim is to carry on building the economic thrust that India has gained and attain the export target of USD 200 billion in 2008-09.