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Observing that the Biden administration has worked to strengthen India-US relationship, the co-chair of Congressional India Caucus has said that the bilateral relationship between the two democracies is very strong. It (India-US relationship) is very strong on defense, on economics, on the cooperation on AI, on alternative energy, many areas of cooperation, Congressman Ro Khanna, co-chairman of Congressional India Caucus told PTI in an interview. In the last 10 years, India has progressed a lot, he said. Huge economic development, huge ambition, a lot of energy. Of course, there are challenges too. There are challenges of income inequality like we face here in the United States. Challenges to make sure that it's a vibrant, pluralistic society. But you get a sense that India has great ambition, Khanna said in response to a question. The Indian American lawmaker said that he has opposed the Citizenship Amendment Act (CAA), which was notified this week. I oppose that (CAA). I have alwa
Investments from American institutions in Indian real estate market declined 39 per cent last year to USD 1.35 billion amid global uncertainties, according to JLL India. During 2022, US-based institutional investors had pumped USD 2.2 billion in Indian real estate. American funds have generally been the biggest investors in Indian real estate market. According to the JLL India report released on Monday, the total institutional investments in Indian real estate rose 14 per cent to USD 5,878 million (USD 5.87 billion) in 2023 from USD 5,151 million in the previous year. The consultant said this reflected India's resilience in the face of global economic headwinds. JLL anticipates investor confidence in the Indian growth story to continue in 2024 as well. In 2023, the largest contributors were foreign institutional investors with 63 per cent share in the total investments. However, the share of inflow from Americas, the conventionally highest contributor in investments, witnessed a
E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date. "I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday. The India's External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon. "Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said. Modi welcomed .