New Delhi, June 24 -- India is one of the most attractive investment destinations globally, but private investments are still somewhat measured because of global uncertainties, said Confederation of Indian Industry (CII) president R Mukundan. Domestically, while corporate balance sheets are healthy and capacity utilisation has improved, many firms are waiting for stronger and more durable demand signals before committing to large-scale investment projects, he said in an interview. Edited Excerpts: The de-escalation and negotiations between the US and Iran is a welcome development that has helped ease concerns over energy security, trade disruptions and market volatility. However, it would be premature to assume that all risks have been eliminated. The durability of the agreement will depend on continued dialogue. In the short term, the agreement already showed a positive impact on oil prices that moderated significantly. However, the energy markets could stabilise over the next few months if the agreement holds, and shipping routes remain fully operational. These disruptions highlight both risks and opportunities in an increasingly volatile global environment. One of the biggest lessons from the recent conflict is the importance of energy security. For India, which imports most of its crude oil requirements, higher oil prices can lead to inflation, increase business costs and put pressure on the economy. Businesses, therefore, need to be prepared for energy price volatility by improving efficiency, diversifying supply sources and adopting cleaner energy solutions wherever feasible. India's growing focus on renewable energy and green hydrogen is an important step towards reducing such vulnerabilities over the long term. Besides, businesses must optimise supply chains, primarily for cost. Recent geopolitical disruptions have demonstrated that overdependence on a single geography for supplies can create significant vulnerabilities. Businesses, therefore, need to strengthen both strategic and operational resilience. Besides, technological capability and innovation have become central to economic resilience and competitiveness. Among major economies, India continues to be viewed as one of the most attractive long-term investment destinations, supported by strong macroeconomic fundamentals, sustained structural reforms, and robust growth prospects. Investor confidence is also evident in capital flows. Despite strong investor confidence, private investment has remained somewhat measured. The primary reason is not a confidence deficit but the persistence of uncertainty. Businesses globally continue to contend with geopolitical tensions, trade disruptions, tariff uncertainties and commodity price volatility. Domestically, while corporate balance sheets are healthy and capacity utilisation has improved, many firms are waiting for stronger and more durable demand signals before committing to large-scale investment projects....