Obama’s visit enhanced investment scope: Jaitley

The conclave of Indian and American CEOs exhibited a strong confidence about India. The desire of American businesses to invest in India was great, said the Union Finance Minister.

The Dollar Business Bureau

The Union Finance Minister Arun Jaitley on Wednesday exuded confidence that the scope of American investors investing in India has become much wider, followed by the US President Obama’s recent visit to India. Obama’s visit has forged a new commercial relation with India that is aimed at the huge investment opportunities, he said in a statement. Speaking on the sidelines of the CEOs conclave, which was addressed by the Prime Minister Narendra Modi and US President Obama, the Minister said, "The conclave of Indian and American CEOs exhibited a strong confidence about India. The desire of American businesses to invest in India was great. Their queries related essentially to the ease of doing business in India," in his Facebook post. India, with its huge capital is looking at the world and the world investors are filled with enthusiasm to invest in India, he said referring to the World Economic Forum at Davos. India had the second largest contingent next only to that of the US at the Davos meeting, he added. The Minister further said that while most competing economies were facing serious challenges, India is promising to accelerate its growth. Hope has revisited us. We cannot allow obstructionism or complacency to squander this opportunity. This is a loud and clear message from Davos," the Minister added. The Minister further said that while India is in need of more resources with the  existing domestic resources within the country being insufficient, the US economy is growing on a larger scale and the US investors has got funds and they are looking for the place to invest. India is high on their agenda, the Minister said.  

This article was published on January 28, 2015.

 

The Dollar Business Bureau - Jan 28, 2015 12:00 IST
 
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