US tech companies to invest more in India

By agencies   |   Tuesday, 22 February 2005, 08:00 Hrs
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THIRUVANANTHPURAM: US companies are bullish about Indian tech industry and will invest more in the sector in India, US Ambassador to India David Mulford today said. “American companies have huge interest in investing in high-tech commerce in India with human capital available in the country”, Mulford said.

The FDI from U S companies were quite small to the tune of around $ 45 billion as of now. The Indian Government had taken a position that it should be quadrupled, Mulford said.

"The FDI will grow in future, more quickly in India," Mulford said.

"The impression that there will be long-standing problems if you are ready to invest in India should be changed," he said. He appreciated the mega container terminal project at Kochi, which would be a big boost to industries.

He said the economy could be strengthened significantly without compromising much on political positions. Radical and negative language could be avoided when the government could set their own terms before the investors.

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