‘India needs to do more to attract U.S. FDI’

Jul 14, 2013 |

There is more concern among US businesses now about investing in India than was a few years ago though New Delhi was pursuing reforms, senior American leaders have said.

US trade representatives Mike Froman and David Cote, chairman and CEO of Honeywell, said India needs to address the concerns of the American business on a host of policy issues so as to attract foreign direct investment in key areas like infrastructure sectors.
They said bilateral trade with India was way below that with China and called for addressing key issues.
At the same time, Mr Froman and Mr Cote — who are the US co-chairs of the India-US CEOs Forum — said the key Indian functionaries are committed to reforms.

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