US business prospects in Indian infra sector

Infrastructure sector in India is on the edge of big jump and offers noteworthy investment opportunities for the US businesses and other investors, Planning Commission Member BK Chaturvedi has said. He asked American investors to have confidence in India and its market. Investment in India’s infrastructure sector – which has been has been pegged at around $1 trillion over next five years – has high potential, not high risk, Chaturvedi said. But, he cautioned that such potential has to be assessed on medium- to long-term basis, since any objective or correct assessment cannot be done based on one or two investment, or for short term. Chaturvedi was addressing a day-long symposium, organised by the Consulate General of India in Chicago.