US companies keen to invest in Tier II Indian cities  

 

 

 

 

 COIMBATORE: Many US companies and businesses are keen to invest in India, particularly in infrastructure, energy and healthcare sector, a top US diplomat said.

 
"Since incredible growth has been happening in Indian Tier II and III cities like Coimbatore, the US wants to expand bilateral economic ties with India through business relations between the companies," Judy Reinke, Minister Counsellor for Commercial Affairs, US Embassy, Delhi, told reporters

She was here as part of a three-day event 'Experience America' and to inaugurate an American Business Corner (ABC), which is to strengthen commercial connections, making it easier for South Asia and United States to connect.

Earlier, inaugurating the ABC, Jennifer McIntyre, US Consul General, Chennai, said there types of connections, in addition to continued hard work on the US-India relationship, would play a role in improving the lives of millions of people in the years to come.

 
Stating that bilateral economic cooperation over the last few decades has resulted in dramatic increase in investment and trade, she said US-India Foreign Direct Investment increased by nearly 165 per cent between 2005 and 2009.

 
US exports to India have quadrupled over the last decade, while Indian exports to US have grown by 180 per cent, she said.

 
The ABC, the second in India, after Madurai in Tamil Nadu, would help Indian importers and exporters to learn about the services and program of the US Commercial Services and help in connecting with American businesses, Judy said.