U.S., India Plan Joint Investment Treaty For Easing Business

Noting that America's economic partnership with India is a very important one, she said the US is very much interested in seeing India's economic rise and being partner to India in doing that.

American companies bring cutting edge technology and best practices and are highly sought after in terms of investment and partnership in India, but they face certain impediments, she said.

"The focus on the bilateral investment treaty has long been as a mechanism to create the kind of enabling environment that provides the framework for greater ease of investing in and doing business in India," she said.

Responding to questions on challenges being faced by companies like Amazon, she said e-commerce was a developing field within India in terms of how to deal with the issues of internet commerce and the tax implications.

"There is a pending case with respect to Amazon, but there's also a movement towards creating a standardised goods and services tax in India that can potentially create the broader framework for companies like Amazon on how things like e-commerce will be governed in terms of taxation," she said.

"I know that finance minister, Arun Jaitley has opined on this issue as well and then, and the need to be able to create greater dependability, predictability, with respect to the taxation issues," Biswal said.
Read Also:
The Top 5 Ad- Gurus of India
Indian Railways Launched Rupay Pre-Paid Debit Cards