Washington: Business Council members from the United States and India is going to invest $45 billion in India, Council Chairman John Chambers told Prime Minister Narendra Modi on Wednesday.
This business council has allready invested $28 bilion in India in September 2014.
“In September 2014, USIBC members indicated an investment figure of $41 billion that was likely to be invested over a 2-3 year period. Today I’m happy to announce that in less than two years, about 20 percent of USIBC members have already invested $28 billion,” Chambers said.
“In next 2-3 years, we will see this pace accelerating — again with 20 percent of our members indicating that USIBC members are on track to invest an additional $45 billion, which is a conservative estimate,” he added.
Chambers met Modi after a roundtable with USIBC members, which includes companies like Pepsico, Mater Card, Warburg Pincus, Lockheeed Martin, Boeing, Westinghouse, Intelsat, Emerson and 8Minute Energy.
Modi presented the USIBC Global Leadership Awards to Dilip Shangvhi of Sun Pharmaceuticals and Jeff Bezons of Amazon.