India-US investment treaty talks almost complete: Anand Sharma

September 21st, 2011 - 2:55 pm ICT by IANS  

Chicago, Sep 21 (IANS) India and the United States will soon have a bilateral agreement to facilitate two-way investments. Commerce and Industry Minister Anand Sharma said Tuesday that negotiations on the India-US Bilateral Investment Treaty were almost complete.

Addressing the US-India Economic Opportunities and Synergies Summit here organised by the FICCI in association with The Executive Club of Chicago, Sharma said he would meet US Trade Representative Ron Kirk to discuss the issues related to trade and investments.

Sharma is scheduled to meet Kirk in Washington Friday.

The two leaders will discuss “issues related to trade and commerce under the Trade Policy Forum Mechanism,” an official statement said Wednesday.

The commerce and industry minister urged US entrepreneurs to increase investments in India’s infrastructure sector, saying his country was one of the safest places for investments and offered attractive returns.

He said India would be seeking investment in infrastructure of over $1 trillion in the next five years and the “United States could be major beneficiary being a leading nation in the world in terms of innovation and technology, which could help India’s growth”.

“India provides a stable framework and rule-based law that provides an impetus to investors,” Sharma said.

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