Great interest about India among investors in US: Jaitley

15  October,Washington

Union Finance Minister Arun Jaitley has said that there is a great interest about India in the United States and among its investors and the relationship between the two countries is a “mature” one.

Talking to reporters before winding up his week-long visit to the US today, Jaitley said that both, those inside the government and the US companies, have shown great interest in investing in India now.

The Minister, who led a high-powered Indian delegation to the annual meeting of the International Monetary Fund and the World Bank, said that the US companies are investing in India in a big way and a large contingent of US corporates will arrive in India in November for investment.

According to the US Trade Representative figures, India was US’ ninth largest trading partner with the total two-way trade of 67.7 billion dollar last year.
Jaitley said India was among the largest recipients of FDI since it had one of the most open policies as far as investment is concerned.

During his week-long visit, Jaitley held meetings with US treasury Secretary and the Commerce Secretary. He also addressed students of the Columbia and Harvard Universities and interacted with investors and American corporate leaders in New York, Boston, and Washington DC.