NEW DELHI- New Deal for Foreign Capital

MULTILATERAL or bilateral govern- ment-to-government aid is regarded as most valuable by the government of India and is being actively solicited by India's aid diplomats. Any misgivings about its availability have also been dispelled by the recent visit of the World Bank President, But the government's new initiatives intended to unshackle all the forces in the econo- nomy which can contribute to savings and capital formation have also opened up a significant new role for foreign private capital. This role is defined in official policy in clear and positive terms