The Prime Minister’s Office (PMO) is coordinating with various ministries and anchoring efforts to identify fresh opportunities to bolster foreign investments and exports besides reducing non-essential imports as India looks to contain the fallout of the West Asia war on its growth, inflation and current account, officials said. Senior finance ministry officials are working on steps to relax rules pertaining to the Foreign Exchange Management Act (FEMA), on top of recent changes, and also make bilateral investment treaties more investor-friendly, one of them said.