Billions of dollars are waiting to flow into India
Billions of dollars are waiting to flow into India as soon as the investment climate improves, according to US Treasury Under Secretary Timothy Adams.
Mr Adams told reporters, “I think there’s billions of dollars sitting on the border of India waiting to rush in. It’s just waiting to be invited in, and part of that is having the appropriate investment climate.
Mr Adams explained, “We’ve talked to the Indian officials about dispute resolution mechanisms so that companies who put a tremendous amount of capital in the ground through infrastructure, whether it’s an energy facility or a plant, feels like that somehow – if something were to go wrong, they can adjudicate their demands. But it really is about creating an overall investment climate – the number of days it takes to get a business license, the number of days it takes to enforce a contract. And India has a long way to go on those metrics.”
Mr Adams said Emphasising the importance of India's growing financial sector, US has said it would appoint a full-time treasury representative there soon. Decision is yet to be taken on where this post will be maintained, in Mumbai or in New Delhi.
Source
Deccan Herald
Financial Express
Mr Adams told reporters, “I think there’s billions of dollars sitting on the border of India waiting to rush in. It’s just waiting to be invited in, and part of that is having the appropriate investment climate.
Mr Adams explained, “We’ve talked to the Indian officials about dispute resolution mechanisms so that companies who put a tremendous amount of capital in the ground through infrastructure, whether it’s an energy facility or a plant, feels like that somehow – if something were to go wrong, they can adjudicate their demands. But it really is about creating an overall investment climate – the number of days it takes to get a business license, the number of days it takes to enforce a contract. And India has a long way to go on those metrics.”
Mr Adams said Emphasising the importance of India's growing financial sector, US has said it would appoint a full-time treasury representative there soon. Decision is yet to be taken on where this post will be maintained, in Mumbai or in New Delhi.
Source
Deccan Herald
Financial Express
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