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American businesses eyeing India optimistically: envoy

Press Trust of India  |  Washington 

There is "optimism and excitement" among American businesses about and they are eager to tap the opportunities for FDI in the country in sectors like after the latest budget, to the US has said.

Navtej Sarna, who is on a maiden trip to and Los Angeles, addressed the Indian-American community in and applauded their dynamism and philanthropy.

He also had a series of meetings with top business executives, think tanks and community leaders.

Top among them included meeting with chairman, Andy Bird, and Alan Braverman, meeting with Ciscos John Chambers, a round table with the prestigious and another one organised by US Strategic and Partnership Forum.

Referring to his visit to Disney and his meeting with its and vice president, Sarna said they are very excited about and the work they do in the country from movies to their digital application and content creation.

"There is tremendous sense of optimism and excitement (among American businesses), Sarna said.

American businesses, he said, are uniformly positive about Indias reforms and excited about the new opportunities like the one in sector that has come up in the latest budget, Indias top to the has said.

They (American business leaders) are uniformly positive about Prime Minister's reforms. They are very excited about the fact that we have opened up FDI in so many areas, he said.

The businesses are also very excited with the GST. They are looking at the with excitement.

Start ups are particularly a very good area of cooperation, the said referring to his meetings with the American businesses in the

Virtually every sector of the economy is open to foreign direct investment, Sarna said in his address to the


India which has attracted USD60 billion in is today the most favoured destination for FDI.

India with its USD1.5 trillion plan in infrastructure sector offers great opportunities for American companies, he said.

In his address to the community leaders, Sarna said India is witnessing transformational changes.

Today we are the fastest growing economy in the world. We are set to become a USD5 trillion economy in 2025. We will become the third largest consumer market in 2025, he said.

There is a huge burgeoning and rich middle class, whose purchasing power has increased hugely, Sarna said.

While in San Francisco, Sarna also visited -- an iconic moment from India's freedom struggle.

Early this week, he also visited Bancroft, Doe and the South/at in

Well known as a Sikh scholar of eminence, Sarna during his visit viewed parts of the South Asians in Collection, which is housed in Bancroft, and other Library holdings on Sikhism.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 13:40 IST
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