Asked whether the investors were convinced about promises being made by the government, Mr Kotak said, "Investors are certainly interested in India, but long term strategic investors want to see some more action on the ground."

While digital economy and emerging trends in the technology space remained a key point during various sessions at the World Economic Forum here, Mr Chandrasekaran said 'Internet of Things' (IoT) would transform every company, industry and even the society going forward.

Making a strong pitch before foreign investors in Davos at World Economic Forum, Andhra Pradesh Chief Minister Chandrababu Naidu said the state offers great opportunities in areas ranging from technology to tourism to infrastructure to oil refineries.