To bolster the renewed interest among American businessmen, the Indian government has constituted an inter-ministerial committee to ensure that investments from the U.S. do not run into roadblocks. Members of the committee include officials from the finance, environment, power, transportation, defense, civil aviation, telecom, health and external affairs ministries, and it is headed by Amitabh Kant, the secretary in the Department of Industrial Policy and Promotion (DIPP). In India, a Secretary is a senior career bureaucrat (not a member of the cabinet).
According to the Business Standard, “The committee will encourage practices that promote investment in manufacturing, with a special emphasis on green, advanced and smart technologies, by U.S. companies in India. This is to increase competitiveness and make Indian manufacturing a significant player in the global supply chain.”
The US-India Business Council had earlier said it had identified Indian sectors where over $41 billion of investments could flow over two to three years.
