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Eversheds comment: Rio Tinto India plans likely to be the first of several to be announced by foreign investors

  • United Kingdom

    12-01-2015

    Commenting on news that global mining company Rio Tinto plans to invest $500 million in a diamond project in India's Madhya Pradesh state, Parmjit Singh, head of the India group at law firm Eversheds, says:

    "Foreign direct investment into India has been steadily increasing over the last few months as foreign companies get increasingly comfortable with the new government led by Prime Minister Modi. The political stability offered by the crushing election win my PM Modi, business friendly policies including the “Make In India” campaign and the push to make India a place to do business more easily, have given foreign companies like Rio Tinto confidence to make major inward investments. We should expect to see more significant announcements by foreign companies over the coming months."

    Parmjit Singh, Partner

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