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From: The Navhind Times Govt constitutes investment commission UNI New Delhi Dec 14: The government today formally constituted the investment commission with Mr Ratan Tata as its chairman, Dr Ashok Ganguly and Mr Deepak Parekh as members. The investment commission is constituted initially for a period of three years and will be located within the government (in the ministry of finance) and will enjoy operational autonomy and government support. It will seek meetings and visit with industrial groups/houses in india and with large companies abroad, particularly in sectors where there is a dire need for investment but adequate investment has not flowed so far. The commission will interact closely with the boards of directors of potential investing companies. In respect of Indian investors, the commission would also address the issue of bridging the gap between announcements and proposals and also the gap between proposals and project implementation. The commission would endeavour to secure a certain level of investment every year and its progress will be reviewed at the end of every quarter, an official release said. The commission will make recommendations to the government both on policies and procedures to facilitate greater FDI flows into India.
