ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Open Door for Multinationals

THE annual visit this year of a group of American multinational representatives led by Orville Freeman, who acts as their consultant and public relations man in India, is on a rather low key. This is in marked contrast to the en- ormou publicity given to such visits in the past. This time there are quiet talks with the Prime Minister, her Cabinet colleagues, high government officials and leaders of private business and industry. The quiet stance is accompanied this time with clear and repeated signals from the Indian side that they are willing to accommodate the multinationals on most generous terms. Indeed this had been foreshadowed in the Vice-President publicly declaring, soon after the present government of Indira Gandhi had been formed, that there is a 'deceleration' in the antipathy and hostility among government circles in India towards foreign capital and collaboration. No less welcoming were the remarks of the Prime Minister, in her meeting with the Orville group this year, that her government was seeking to ''diversify sources of knowhow and investment" and make the regulatory system ''less restrictive" in order to boost product ion.

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