US third largest foreign direct investor in India

PUDUCHERRY: US Consul General in Chennai Jennifer McIntyre today said through a US-India initiative called " Economic and Financial Partnership" the US Government was working with India to develop financial instruments and public private partnership models to promote significant private capital in India.

Addressing a meeting of the Indo American Chamber of Commerce (Puducherry chapter) here on "Indo-US Economic Management", she said "like foreign direct investment, bilateral trade between US and India has increased.

United States was today the third largest foreign direct investor in India with substantial investments in computer software and hardware, telecommunications, housing and real estate and construction.