New Delhi: The central industry ministry is in a set-out to encourage more foreign residents to deposit in India. The industry minister Anand Sharma said that they are thinking to liberalize the terms and conditions regarding the deposit from foreign residents as well as emigrants. According to the industry minister, the Indian economy has now the capability to withstand external pressures to a great extent.

The measures adopted by the government to attract foreign deposits in Air cargo, retail business and telecom have made fantastic developments globally. The dullness prevailed in the production sector has been neutralized completely. The outcome of the same can be viewed from the current industrial sectors which are in a developmental process.  In the coming months, there are proposals to put-forth new measures to develop global trade corridors.

There are very good prospects in export sector also. Even though the requirements of traditional trade fairs are reduced, improvements can be found in other trade sectors. The export business during the first eight months of the current financial year has been increased by 6% when compared to the export business during the last year.