SelectUSA to organise road shows to attract investments

India has registered at the fourth fastest year-on-year growth in investments into the USA last year and the roadshows would help investors to directly interact with officials of various departments in the Federal Government, Vinai Thummalapally, executive Director, selectUSA said.

SelectUSA, set up with an aim of showcasing the US as the world's premier business location, is organising road shows in several cities in the country in the first half of 2015, to attract and retain more investments from India, a top official said today.

Also read: 'India on top of our focus markets to attract investors'

The cumulative investments made by Indian companies in the US stood at around 11 billion USD and "the US has become more competitive in recent years. We are quite bullish about the growth prospects", Thummalapally said. Trade between the two countries has grown to around $100 billion, he said, adding, it can increase five-fold in the coming years.

"We have only scratched the surface. There are strong opportunities for companies to grow their business," Thummalapally, on a five-city visit to promote Indian investments into the US, said.

The second SelectUSA Investment Summit would be held near Washington in March next year, he said, adding, total investments into the US had grown from 166 billion USD in 2012 to 197 billion USD in 2013.

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