Finance Minister Arun Jaitley has invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector in the country and assured the global investors of the fairest and predictable taxation regime. Jaitley further stated that there are lot of scope for the American companies in the infrastructure sector including roads, ports, railways and clean energy.
While expressing the hope Jaitley said that the Indo-US bilateral trade will surge to $500 billion from $100 billion in next few years, on the back of growing cooperation between both the nations. He expressed his confidence that despite global financial turmoil, taxation issues India will be an attractive investment destination for global investors.
He further stated that already the current Government is taking efforts to resolve several legacy issues that have brought adverse reputation to the Indian tax regime. He said that our objective is to build on Indo-US bilateral relations. We have a large number of resources while they have the capital.
Jaitley referring to the global financial turmoil, said that though it has made the task of policymakers difficult and "there is not an easy moment or a day", but asserted that India will not be impacted as the savings on account of declining oil and other commodity prices have helped the government allocate more funds for the infrastructure sector and social sector schemes.