Minister of State for Commerce and Industry E M Sudarsana Natchiappan said the industry should reach out to people of those areas where they propose to set up projects and explain about the advantages locals can have in terms of employment and development.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
India has trade deficit with as many as 81 countries including China, Qatar, Korea, Japan and Indonesia in 2012-13, Parliament was informed on Wednesday.
The Minister of State for Commerce and Industry said there was a need of for promoting trade and investment as it is necessary for economic growth and sustainable development.
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