India, US Vital Markets for Each Other: US


Washington, July 2 (IANS) Challenging the notion that US investment in India has gone down, an official has said that the two countries remain vital markets for each other and India still has an attractive business climate.

"I haven't seen a figure that says that US investment has gone down to India," State Department spokesman Mark Toner said Friday when a reporter suggested that US investment in India has gone down.

"India remains a vital market for the US and vice versa. I mean, that goes without saying," he said pointing to the just concluded India's biggest $4.1 billion deal with the US for 10 Boeing C-17 heavy-lift aircraft.

"That said, we just had a significant deal, if you will, for transport aircraft that's going to significantly boost India's air transport capabilities," Toner said.

Asked if the corruption problem in India was cooling off US investors, the spokesperson said: "Again, it remains an attractive business climate, I think, for the US."

  

Top Stories


Leave a Comment

Title: India, US Vital Markets for Each Other: US



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.