U.S Expert For BIT To Lure U.S. Companies To India


India has fewer incentives for wanting a BIT with the U.S., as the U.S. generally places nominal restrictions on foreign investors, Rossow wrote.

"But there is one very big hook: investor protection as a means to attract infrastructure investment into India."

While "Modi is committed to building out India's inadequate infrastructure and needs capital and expertise," Rossow suggested "U.S. investors are reluctant to invest in infrastructure directly."

This is so because all of about a dozen power projects built by U.S. firms across India in the 1990s have suffered from payment security problems, he said.

"A BIT may provide a layer of much-needed protection that can lure U.S. companies back in to support India's industrial drive," Rossow said.

READ MORE: Gujarat Seeks Strong Economic Ties With U.S.

Taiwanese Autopart Manufacturers Keen To Invest In India

Source: IANS