The United States wants more investments from India as the two nations have set a target of increasing bilateral trade to $500 billion in the next few years from the present $100 billion, a top official has said.
“We see lot of potential in bilateral trade and investment between India and the United States. We have set a $500 billion bilateral trade target from the present $100 billion,” United States Consulate General in Mumbai, Tom Vajda said at the 'SelectUSA' roadshow on Wednesday.
“We want more Indian companies to come and invest in helping grow the US economy,” Vajda said. A few years ago, US President Barack Obama launched the 'SelectUSA' to promote business investment into the US.
It was created to showcase the US as the world's premier business location and to provide easy access to programmes and services related to business investment. “India is the fourth fastest growing source of investment in the US, with $11 billion investment last year and counting.”