Fri, 12 Jul 2013 12:15:00 GMT | By IANS

India welcomes US investors, airs concerns over barriers

Concerns about discriminatory provisions in immigration legislation passed by the US Senate that would make it harder and more expensive for India's information technology workers to get H1B visas to work in the US


India welcomes US investors, airs concerns over barriers (© Reuters)

Washington: Keeping up their efforts to sell brand India amid a slow down, three top government leaders in-charge of the economy have assured potential US investors that India continued to offer huge business opportunities.

But Finance Minister P. Chidambaram, Commerce Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia, each had a different take as they sought to address US corporate leaders' concerns about the business environment in India Thursday.

In a keynote address to at the 38th anniversary leadership summit of the US-India Business Council (USIBC), representing over 350 US companies doing business with India, Chidambaram striking an emotional note said the two countries have a great opportunity to work together not only for the benefit of their people but the world at large.

Calling creation of wealth as the greatest challenge faced by mankind, he said, "Poverty and prosperity cannot coexist and as long as there was poverty, the world can't live in peace and harmony."

(Continued)
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