American investments worth trillions waiting for India, says Pompeo
Ahead of the G-20 meet in Osaka, the US engaged with India on subjects ranging from investments to employment creation, data localisation to technology partnership, and trade to defence collaborations. On a short visit to New Delhi, United States Secretary of State Mike Pompeo on Wednesday said American investments worth trillions of dollars are waiting to flow in, while pointing out that the industries must stay away from countries with weak law.
Addressing a gathering of diplomats and other eminent guests in the evening after his meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar earlier in the day, Pompeo said, “one million Indian youth enter the job market, every month. There are trillions of dollars worth of American investments, sitting on the sidelines waiting to be put to work in the Indo-Pacific region.” Currently, the US is the 6th largest source of historical equity investments into India.