US to target investment to smaller Indian cities
WASHINGTON: The United States now plans to target American investment to India's Tier II cities with two US and Indian trade associations hoping to enlist Small and Medium Enterprises (SMEs).
By targeting Tier II and Tier III cities in India for American investment, pressures on primary urban centres in India will be alleviated while introducing US investment to new opportunities. "The result will be inclusive growth - for both sides."
There are 3.7 million manufacturers operating in the United States today. So far, only 27 per cent of these manufacturers benefit from exports. The goal is to integrate more such American companies into India's global value chain, and vice versa, leveraging the US-India commercial link , already surpassing $40 billion in two-way trade.
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