Special Correspondent

NEW DELHI: Kamal Nath, Minister for Commerce and Industry, has been named the ‘FDI Personality of the Year 2007’ for Asia as well as the worldwide winner by FDI magazine and Financial Times Business published by the Financial Times Group in London.

“This award is in recognition of your active efforts to attract foreign businesses to India, boost exports, and promote trade and investment — the results of which have been a substantial increase in FDI inflows to India and a rise in export volumes last year, contributing to the continued economic development of the country and adding to its attractiveness as an investment location,” says the citation by the premier publication which reports on issues and developments that corporate executives consider while making international investment decisions.

“Each year, with our Personality of the Year awards, we recognise the political and business leaders around the world who have been the most proactive, dynamic and innovative in securing foreign investment and improving the business environments of their jurisdictions. Regional winners are selected for Asia, Africa, Europe, Latin America, the Middle East and North America; and out of these candidates a global winner is chosen, it said, according to a statement here on Friday.