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Inward investment needs 'clever' approach, say Welsh Tories

23 January 2014 Last updated at 13:10 GMT

A "clever" approach could boost foreign investment in Wales, the Conservatives have said.

A privately-run Investment Council is part of a plan the party is launching to attract overseas companies.

The Conservatives said Wales' UK inward investment share was 4%, compared to its 15% peak in the 1980s and 90s.

But the Welsh Labour government said a 191% increase in foreign investment in Wales last year showed their current approach was working.

BBC Wales economics correspondent Sarah Dickins reports.