AMN /
India’s Finance Minister Arun Jaitley today invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector in India and raise bilateral trade to 500 billion US dollars.
Presently, the trade between the two countries stands at 100 billion dollars. Addressing the 11th Indo-US Economic Summit in New Delhi, Mr Jaitley said, global financial turmoil is not a problem for India as the savings on account of declining oil and other commodity prices have helped the government to earmark more funds for the infrastructure sector and social sector schemes.
Promising the fairest and predictable tax regime and a stable policy environment, the Finance Minister said, efforts have been made to evolve the fairest taxation regime to promote ease of doing business in the country. He said, there is emphasis on using savings from present global situation for infrastructure, highway construction, ports, airports modernisation and irrigation.
Speaking on the Prime Minister visit to California this month, the Finance Minister said, the visit will be instrumental in taking the bilateral ties between India and US to a new level.