Come Soon Before It's Too Late, PM Narendra Modi Tells U.S Businesses

"The best days of U.S-India relations are coming," Banga said.

"What a difference one election can make," Banga added.

The U.S Chamber of Commerce President, Tom Donohue, in his brief remarks welcomed Modi's commitment to replace "red tape with red carpet".

In his speech, which he delivered in Hindi with simultaneous interpretation in English, Modi said even if there is no red carpet, he would ensure that there is no red tape in his country.

He assured American investors and businesses that in the next six months, he would implement all the things necessary for ease of business in the country.

"With its full force, India is vowing to make its presence felt in the economic world and is moving ahead with a new confidence, he said, adding that in less than three to four months of his government, he does not see any reason whatsoever for India lagging behind in the global economy.

"There is no need to waste time in finding an answer to the question? why we are lagging behind," he said.

"We need to make only one small decision: 'Chalo, Nikal Paro (Come Let's Move)'," he said adding that India is now on the move.

"Now I can say with confidence that there is a new faith and aspiration towards India the world over," he said.

Business and corporate world, he said based on his experience, need effective governance, easy governance and ways to avoid red-tapism, even if they do not get red carpet.

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