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India is a country with immense investment opportunities where international investors are seeing higher returns compared to the other parts of the world, US Ambassador to India Eric Garcetti said on Wednesday.
“We see that investment opportunities are growing quickly here (in India). More and more international investors are seeing returns that are above and beyond in other parts of the world,” Garcetti said while addressing an event hosted by the Milken Institute in collaboration with the United States Mission in India.
He said as a diplomatic mission, the US is encouraging institutional investors to pay greater attention to India and understand that the country is a complicated place just as the US is.
“This (India) isn’t a place to make a quick rupee. If you are here for the long haul, you will be richly rewarded,” Garcetti said.
As partners, India and the US need to be more strategic, he stated.
“It isn’t just about bottom line returns, but if we are overly dependent on any one country, we will all see economic risk, not just security risk to our people. We have to diversify together and make investments that are catalytic to our people’s economic and physical security,” he said.
Garcetti noted that India needs investment in strategic sectors as well such as infrastructure, building cities, ports, airports and factories.
A US delegation consisting of executives of the top five American pension funds is currently visiting India to explore investment opportunities. The roadshow, Building Financial Futures, began on September 9. The delegation of five pension executives together manages assets of over $1.8 trillion.
