Chidambaram meets foreign institutional investors

Source : IANS
Last Updated: Thu, Nov 01, 2012 13:00 hrs

New Delhi, Nov 1 (IANS) Finance Minister P. Chidambaram Thursday updated foreign institutional investors (FIIs) about the recent reform measures taken by the government to revive economic growth.

During nearly 30 minutes of meeting at his North Block office here, the finance minister assured the institutional investors about the government's commitment to push forward the reform process.

"They (foreign institutional investors) wanted a meeting to know where the economy is headed. They wanted an update and I explained to them," Chidambaram told reporters after the meeting.

Representatives of leading foreign institutional investors, including Bank of America, Goldman Sachs, Merrill Lynch and Blackrock among othersattended the meeting.

The meeting assumes significance in view of the recent reform measures announced by the government to boost investor confidence in the Indian economy.

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