Juster: India Can Be ‘Alternative Investment Hub’ for U.S. Firms

At his first policy speech since taking over as Ambassador to India, Kenneth Juster, Washington’s envoy to New Delhi said that a number of U.S. companies have reported increasing difficulties in conducting business in the largest market in the region, China. “Accordingly, some companies are downgrading their operations there, while others are looking with great interest at alternative markets. India can seize the strategic opportunity – through trade and investment – to become an alternative hub for U.S. business in the Indo-Pacific region,” he said.

Flags of US and India

Observing that ‘America First‘ and ‘Make in India‘ are not incompatible, he added that investing in each other’s markets will be mutually beneficial. He noted that accelerating the economic and regulatory reform process already begun by Prime Minister Narendra Modi will help ensure that India is seen as an increasingly efficient, transparent and well-regulated market. “This will further promote growth and development. Continued reforms and trade liberalization will also enable Indian products to more readily become part of the global supply chain, thereby accelerating job creation,” Juster stated.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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