SME Times News Bureau | 24 Jan, 2013
India's Commerce and Industry Minister Anand Sharma Wednesday
met senior executives of leading firms, including BAE Systems chairman Richard
Olver and Royal Philips Electronics president Frans A. van Houten, as part of
an effort to woo overseas investments into the country.
During the meeting, the head of Royal Philips Electronics "expressed
interest in manufacturing facility in India along with concern for local
sourcing requirement for LED," according to a statement released by the
commerce and industry ministry.
BAE Systems chairman showed interest in forging new ties with Indian public
sector firms in the defence sector.
Sharma also met John Nelson, chief executive officer of the British insurance
firm Lloyd's, and Petra Laux, head of global public and government affairs,
Novartis.
Sharma is a part of the Indian delegation attending the World Economic Forum
2013 here. The delegation is being led by Urban Development Minister Kamal
Nath.
The WEF has over the years emerged as a global platform for the corporate and
economic leaders from across the world.
"We view this as an opportunity to showcase the opportunities in India and
position India as an attractive investment destination," Sharma, who also
holds textiles portfolio, had said in a statement last week.