Foreign investors buoyed by Indian investment
The Dollar Business Bureau Investors from all over the world are buoyed by the vibrant investment environment in India, the US India Business Council (USIBC) communicated to the US President Barack Obama in a letter. The country has demonstrated its enhanced willingness to address industry concerns and also balance its domestic interests, it said. Ahead of Prime Minister Narendra Modi’s visit to US next month, the USIBC is looking towards continuing discussions and developments made by India and the US in various matters including innovation, technology, movement of professionals and non-tariff barriers in its future strategic deliberations. The US and India relations are now at its best due to the persistent efforts of Barack Obama and Narendra Modi, USIBC President Mukesh Aghi said. ...
India-US Defence Co-op Act awaits approval
The Dollar Business Bureau With an aim to boost bilateral ties between India and the US, two American senators have proposed a legislative bill to the Congress. The bill bears the potential to upgrade the status of Indo-US ties and put India on par with America’s close defence allies like Israel-NATO. The legislation ‘US India Defence Technology and Partnership Act,’ which was introduced by the co-chairs of Senate India Caucus, has been sent to the Senate Foreign Relations Committee for approval. The act, while sending strong indication to India that the US is an infallible defense partner, it will direct the focus of the US government on Indo-US security ties. The bill was proposed in the Senate by Mark Warner and John Cornyn. According ...
Government receptive to investors issues: Jaitley
The Dollar Business Bureau Industry body Confederation of Indian Industry (CII) in partnership with US-India Business Council (USIBC) hosted Arun Jaitley, Minister of Finance for a high level luncheon meeting with top US multinationals on June 22 in San Francisco. Companies such as Microsoft, Applied Materials, Amazon, Oracle, Hewitt, Visa, Google, Cisco and Blackberry among others were present for the meeting. Jaitley while highlighting the improved economic and investment conditions in India mentioned that the improvement in monsoon prediction and prospects of the agriculture sector doing better would further scale up economic growth prospects. He also spoke about the manufacturing sector having a better run now after a long period of slowdown. He also highlighted that micro attention is being ...
Trade between India and US to touch US$ 500 billion, says USIBC
The Dollar Business Bureau The Union Minister for Defence, Shri Manohar Parrikar and the US Defence Secretary, Mr. Ashton Carter signing the 2015 framework for the India – US defence relationship, in New Delhi on June 03, 2015. Source: PIB. Government of India Strong foundational relationship between governments and business communities can turn India and the United States attractive investment destinations, a business advocacy group has said. According to the US India Business Council (USIBC), the bilateral trade between the two counties is expected to increase five times and touch US$ 500-billion mark in the next few years. “Trade between the United States and India is poised to grow from US$ 100 billion to US$ 500 billion in the next ...
Committed to create better business environment, India tells US business community
The Dollar Business Bureau The government is committed towards accelerating growth, reviving the investment cycle and creating better business environment in India, Union Power and Energy Minister Piyush Goyal told US business community. The minister chaired an investment round-table conference of the US India Business Council (USIBC) in Washington on Thursday. During the conference, Goyal met prominent members of the US administration including Energy Secretary Ernest Moniz and Commerce Secretary Penny Pritzker. He also had a telephonic conversation with the US Trade Representative (USTR), Ambassador Michael Froman. Earlier, the minister attended the United Nations Sustainable Energy for all (SE4ALL) conference in New York. In his meetings with business leaders, Goyal talked about various steps taken by the ...
US firms eye big on infrastructure sector: USIBC
The Dollar Business Bureau According to the US India Business Council (USIBC), besides eagerness to invest in India, the American companies are particularly eying at the $1.5 trillion investment opportunity in the infrastructure sector of India. The Government of United States seems to be very eager to invest in India and this willingness of the US became evident in the statements made by the key US officials on Tuesday. Praising the transforming business environment in India, Mukesh Aghi, new president of US India Business Council (USIBC), on Tuesday, stated that ‘India is open and ready for investments and the US is eager to move in’. The president of USIBC, the largest bilateral trade association connecting India and the US, ...
