New Delhi: A business delegation from the United States has pledged to invest $250 million in India over the next 6 to 12 months, a move expected to provide a fillip to Indo-U.S. trade relations.
"Members of the trade mission have pledged cumulative investments of $250 million in the coming 6 to 12 months, besides $ 500 million depending on projects availability in the next 1 year," Director of India affairs at the U.S. India Political Action Committee (USINPAC) Robinder Sachdev said.
In its 3-day visit, the U.S. trade mission had meetings with corporate leaders, and attended events and conferences in Delhi. The delegation also attended the economic convention at Delhi addressed by BJP's Prime Ministerial candidate Narendra Modi.
The delegation cited key concerns foreign investors in India which include lack of clarity in procedures, unpredictability in decision-making and red tapism.