Opportunity of investment for energy, IT cos in India: US Diplomat

Lavanya Prabhakaran Updated - January 10, 2018 at 10:34 PM.

Companies and investors from the United States are keen for investment in defence in India, while also exploring investment opportunities in the areas of energy, capital goods and information technology, informed a top US diplomat here.

Edgard Kagan, US Consul General - Mumbai stated that US and India share closer ties than previous years and the bilateral trade has reached US $ 116 billion for 2016, as against US $ 25-30 billion about a decade ago. "However, we want to see further growth in the bilateral trade and see that more Indian goods get exported to the US and the reverse. Also, we see there is a lot of potential in tourism sector for both the countries. The perception about India lacked reality and only when you visit the country, you get to know the reality," said Kagan speaking to media here.

Kagan, who is appointed as Consul General Mumbai from August 2017, has previously served as deputy chief of mission of the US Embassy in Kuala Lumpur, Malaysia as well as deputy director of the US Mission to the UN's Washington Office among other assignments.

On his two-day visit to Ahmedabad, Kagan he is scheduled to pay a courtesy visit to the Chief Minister Vijay Rupani, Chief Secretary J N Singh and Governor O P Kohli on Tuesday. Kagan will also hold meetings with the representatives of the US companies having investments in Gujarat including Ford, Abbott, Lubrizol among others.

Published on September 26, 2017 05:33