India-US talks on investment treaty in December

Press Trust of India | 22 October 2009

India-US talks on investment treaty in December

STAFF WRITER

Hyderabad, Oct 22 (PTI) — India and the US will have more discussions in December on the investment treaty, aimed at providing a fillip to bilateral business ties, US Ambassador, Timothy J Roemer said today.

Talking to newspersons after a meeting with Andhra Pradesh Chief Minister K Rosaiah at the Secretariat here, Roemer said the treaty was currently in "negotiations stage and the results would be seen in the months ahead as agreed upon."

"There was a large scope for foreign direct investment in infrastructure projects like construction of roads, bridges, establishing power grids and building power projects," the envoy said.

"There is something positive about the opportunities between India and the US. These will conclude in the months ahead."

The Ambassador said US President Barack Obama was looking forward to hosting Indian Prime Minister Manmohan Singh in November.

"The President is extremely excited and passionate about the relationship with India.

source: PTI