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India seeks more US FDI from mid-west region

Press Trust of India  |  Washington 

Seeking to attract more FDI from the US, has reached out to the businesses in America's mid-west region citing investment opportunities in states like Punjab, Madhya Pradesh, and Telangana.

It is the right time for the American businesses to come and invest in and be part of the success story the world's fastest growing emerging economy, the Indian told a large group of from the mid-west region.

The last week organised a meeting with mid-west business leaders pitching for business opportunities in Punjab, Madhya Pradesh, and Telangana.

Delivering her keynote address on "India's new initiatives, Budget 2018, Business opportunity in Indian States, Upcoming Business & Cultural Initiatives," Bhushan highlighted major aspects of Indian economy, key initiatives undertaken by the Government during the recent Budget 2018-19 and economic initiatives taken by the Government.

In the last three years, has achieved a growth rate of around seven per cent and it is estimated that India will continue to grow at around 7.5 per cent, she said.

India is a USD2.5 trillion economy now, making it the seventh largest economy in the world, she said.

Speaking on business environment for Entrepreneurs in India, Bala Palamdai, president, mentioned that India's new economic initiatives and tax reforms have made a huge change and the process had become much simpler leading to more digitisation and the economy had become more attractive for business and investments.

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

First Published: Tue, March 13 2018. 14:50 IST