India is making headway and the world is acknowledging it. Indian investment increased from 4.5 billion dollar in 2008, to seven billion dollar in 2009, this amounts to an increase of around 60 per cent.
INDIA IS making headway and the world is acknowledging it. A recent study says, with an investment of seven billion dollar in United States economy in 2009, India has emerged as the third fastest growing investor in the US.
Indian investment increased from 4.5 billion dollar in 2008, to seven billion dollar in 2009, this amounts to an increase of around 60 per cent.
Deputy Assistant Secretary of Commerce, Holly Vineyard, for Middle East, South Asia and Africa acknowledged the encouraging Indian involvement.
A study also declared that Indian companies had created around 40,000 jobs in the country by the virtue of 372 acquisitions worth 21 billion dollar in the US between the year 2004 and 2009. Amit Mitra, secretary general of Federation of Indian Chambers of Commerce and Industry (FICCI), said that Indian companies have made green field investments worth 5.5 billion dollar in the US. Amit Mitra said “India is contributing to US economy in huge way, but facing difficulty in attractive investment from US in infrastructure sector.”
In an attempt to increase India-US business commitment, FICCI has signed a MoU (Memorandum of Understanding) with the US Council on competitiveness to work jointly to accomplish projects with mutual interests, which includes the progress of innovative human capital and sustainable growth. Investment figure vouch for the potential that India has and the progress India is to see in the very near future.