WASHINGTON: American companies have assured Reserve Bank Governor D Subbarao of their strong support to India's efforts to attract foreign capital for the country's infrastructure development through a sectoral debt fund and other initiatives. In a meeting hosted by US India Business Council(USIBC) last night, the American industry leaders also discussed with Subbarao the need for maintaining 100 per cent foreign ownership of wholly-owned subsidiaries, and transparent priority sector lending norms. ...........
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