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New Delhi, Aug 14 (PTI) A majority of foreign companies operating in India are making profits but the multinationals felt the need to build brand India so as to attract more investors, a study by FICCI has said.
According to FICCI's annual FDI survey, 70 per cent of the foreign companies here are earning profits from their Indian operations.

The survey said 84 per cent of the respondents gave a positive assessment of India, although they highlighted the need for building brand India and showcase India's potential as an investment destination.

Despite an overwhelming majority, 91 per cent, were upbeat about the market conditions and the potential for further FDI inflows, they expressed concerns about the quality of infrastructure in India, it said.

The study also pointed out other issues, such as labour laws, indirect taxes and multiplicity of procedures, as hindrances to India's attractiveness as a manufacturing base or an export platform.

As per the FICCI survey, 84 per cent respondents were planning to expand their business in India; 90 per cent considered the IT and BPO services to be one of the most lucrative sectors for investmentmt.

The survey was conducted across a wide range of activities in all types of organisations including banking, finance, IT and BPO, chemicals and agricultural product companies. Out of these, around 22 per cent respondents were companies with annual turnover of more than Rs 5 bn. Thirty per cent were companies having turn over between Rs 1 bn and Rs 5 bn. PTI