BANGALORE: Confederation of Indian Industry (CII) president Kris Gopalakrishnan on Friday welcomed the government's steps to promote FDI, and said investments should now happen on the ground and ease the current account deficit.
The government on Thursday raised the FDI limits in a host of sectors, notably telecom, oil refineries, commodity bourses, power exchanges and stock exchanges, and relaxed the policy for retail.
"What we now need is results in the form of investments into the country, based on the new norms," Gopalakrishnan said, and added that he expected more easing of regulations in the future.
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