"Foreign direct investment (FDI) has been liberalised in single brand retail, multi-brand retail, civil aviation and power exchanges. More FDI reforms are on the anvil," the PM said

NEW DELHI: Seeking to boost investor sentiments, Prime Minister Manmohan Singh on Friday assured the industry that the government will further relax FDI norms and Reserve Bank will soon start granting bank licences.

He expressed the hope that the impact of the reforms will boost economic growth rate in the second half of this year.

"Foreign direct investment (FDI) has been liberalised in single brand retail, multi-brand retail, civil aviation and power exchanges. More FDI reforms are on the anvil," he said here at a function.

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