MUMBAI: The United States wants more investments from India as the two nations have set a target of increasing bilateral trade to $500 billion in the next few years from the present $ 100 billion, a top official has said. "We see lot of potential in bilateral trade and investment between India and the United States. We have set a $500 billion bilateral trade target from the present $ 100 billion," United States Consulate General...
in Mumbai, Tom Vajda said at the 'SelectUSA' roadshow here. "We want more Indian companies to come and invest in helping grow the U.S. economy," Vajda said. A few years ago, U.S. President Barack Obama launched the 'SelectUSA' to promote business investment into the U.S.. It was created to showcase the U.S. as the world's premier business location and to provide easy access to programmes and services related to business investment.
"India is the fourth fastest growing source of investment in the U.S., with $ 11 billion investment last year and counting. Indian firms employ around 44,000 American workers, and they export more than $ 2 billion worth of goods from the U.S.," SelectUSA executive director Vinai Thummalapally said.
The number of Indian companies operating in the U.S. has increased from an estimated 85 in 2005 to over 200. The U.S. provides large investment opportunities for Indian companies in software, IT services, gas exploration, pharmaceuticals, biotechnology, industrial machinery and business services, he said.
The October 13-16 roadshow began in Delhi. From here, it will travel to Chennai on October 15 and reach Kolkata on October 16.
The roadshow in Mumbai featured a half-day seminar with sessions by American professionals on investment visas, legal and financial issues, investment incentives and successful investment strategies. It also offered the U.S. State and Regional Economic Development Organisations the opportunity to market their locations directly to potential investors, Thummalapally said.
"India is the fourth fastest growing source of investment in the U.S., with $ 11 billion investment last year and counting. Indian firms employ around 44,000 American workers, and they export more than $ 2 billion worth of goods from the U.S.," SelectUSA executive director Vinai Thummalapally said.
The number of Indian companies operating in the U.S. has increased from an estimated 85 in 2005 to over 200. The U.S. provides large investment opportunities for Indian companies in software, IT services, gas exploration, pharmaceuticals, biotechnology, industrial machinery and business services, he said.
The October 13-16 roadshow began in Delhi. From here, it will travel to Chennai on October 15 and reach Kolkata on October 16.
The roadshow in Mumbai featured a half-day seminar with sessions by American professionals on investment visas, legal and financial issues, investment incentives and successful investment strategies. It also offered the U.S. State and Regional Economic Development Organisations the opportunity to market their locations directly to potential investors, Thummalapally said.
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