US Companies To Invest $45 Bn In India: Reports

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Council Chairman John Chambers has said that the US-India Business Council have already invested USD 28 billion in India since September 2014 and another USD 45 billion is in the pipeline.

US Companies To Invest $45 Bn In India: Reports
Commenting on the issue, Council Chairman John Chambers told the media, "In September 2014, USIBC members indicated an investment figure of $41 billion that was likely to be invested over a 2-3 year period. Today I'm happy to announce that in less than two years, about 20 percent of USIBC members have already invested $28 billion."

"In next 2-3 years, we will see this pace accelerating -- again with 20 percent of our members indicating that USIBC members are on track to invest an additional $45 billion, which is a conservative estimate," he added.

As per reports, Chambers met Prime Minister Modi just after his roundtable with USIBC members, which included the top brass of companies like PepsiCo, Master Card, Warburg Pincus, Lockheeed Martin, Boeing, Westinghouse, Intelsat, Emerson and 8Minute Energy.

Read more about: john chambers
Story first published: Wednesday, June 8, 2016, 12:50 [IST]
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