India welcomes US investors, airs concerns over barriers
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."
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
Date 19 hrs ago, Duration 2:49, Views 243