World Economy

India Invites US Investment

India Invites US InvestmentIndia Invites US Investment

Ahead of the first India-US Strategic and Commercial Dialogue in Washington later this month, Finance Minister Arun Jaitley on Monday invited American business to invest in India towards realizing the target of quintupling bilateral trade, IANS reported. “Today, our ambitions are very high, to increase bilateral trade five-fold over the current levels,” Jaitley said at the 11th economic summit here organized by the Indo-American Chamber of Commerce. “…While the US has the financial capital and advanced technology, India has a large body of trained manpower, natural resources and a large market,” he said. India is the second largest source of FDI in the US, and the largest in Britain, Jaitley added. India-US trade has an annual turnover of $100 billion.