NEW DELHI: India may become a new alternative hub for US business in the Indo-Pacific region instead of China, which will be profitable both Washington and New Delhi, US Ambassador to India Kenneth Juster said on Thursday in his first speech in office.
The ambassador said that a number of US companies faced increasing difficulties while making business in the largest market in the region, which is China, and were looking for alternative markets. Juster has been heading the US diplomatic mission since late November 2017.“India can seize the strategic opportunity – through trade and investment – to become an alternative hub for US business in the Indo-Pacific region,” Juster said. He pointed out that the countries would benefit from intensifying bilateral trade and investment relations.
“There are many benefits to growing our bilateral economic relationship and making India a regional hub for US business … Opening India’s market further to US trade and investment will spur our collaboration on many emerging technologies that will drive and protect our economies, including those related to advanced manufacturing and cyber security,” the ambassador said.