Developing infra in India is U.S.' top business priority
Tuesday, 09 November 2010, 06:32 IST
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New Delhi: The U.S. today said infrastructure development in India is its top business priority and allayed concerns about protectionism in the American economy. "Infrastructure is an important area and within that power generation, alternate energy... These all are areas where I believe the U.S. companies can contribute," U.S. Under Secretary of Commerce for International Trade Francisco Sanchez told reporters on the sidelines of a CII conference here. He also said the U.S. is looking for opportunity to increase bilateral trade and investment opportunities with India. India has emerged as an attractive global investment destination, and infrastructure sector alone requires investment of $514 billion for the 11th Five Year Plan (2007-08 to 2011-12). Almost 30 per cent of this investment is envisaged to come from private sources.
Source: PTI
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