US trade mission pledges $250 million investments in India

NEW DELHI, INDIA: Coming against the prevailing trade disputes and generally lackluster news on the US-India trade relation's front, a recent delegation of US investors brought good cheer to the Indian FDI story. The members of this high powered delegation announced their readiness to invest $250 million worth of investments in India within the next six-12 months.

The 12-member trade mission, which visited Delhi and Mumbai last week, consisted of large US investors in sectors like logistics infrastructure, roads, power and energy, engineering, smart cities, manufacturing, and private equity.

"This delegation is indeed a very satisfying outcome of our efforts to promote economic diplomacy between the US and India and should lead to substantial FDI into these sectors along with technology transfer. The members of this trade mission have pledged cumulative investments of $250 million of clearly ready money. Plus another $500 million depending on projects availability over the next 12 months," said Robinder Sachdev, director of India affairs of the US India Political Action Committee (USINPAC) that organized the trade mission.

"India is a priority country for Isolux Corsan. We started our activities in India in 2006 and we are investing close to $3 billion with a clear aim to keep growing in the country. We attended the conference at Delhi with USINPAC to gain further clarity on economic policies for the immediate future," said Alfonso Perez-Bustamante, director of Energy Investments in India. Isolux Corsan, one of the largest private construction companies based out of Spain in energy and infrastructure.