India, US to enhance investor treatment

fe Bureau

Posted: Tuesday, Dec 01, 2009 at 2258 hrs IST
Updated: Tuesday, Dec 01, 2009 at 2258 hrs IST


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New Delhi: India and the US have pledged to develop trade and economic opportunities for the two countries and educate the future generations to solve the global challenges.

“We are negotiating a bilateral investment treaty that will enhance investor treatment and protection to spur greater bilateral investment flows,” the US ambassador to India, Timothy J Roemer said on Monday.

Describing Prime minister Manmohan Singh’s visit to the US as a watershed movement in the course of our amazing partnership, Roemer said, “The US president Barack Obama has told Prime minister Singh of their determination to defeat terrorism together and have decided to invest in new technologies which will provide us all an environmentally-sustainable and economically bright future.”

“Our new counter terrorism cooperation initiative will strengthen collaboration on counter terrorism, information sharing, and capacity building—already at unprecedented levels—and make our citizens and cities safer,” he said.

The US envoy hoped that both countries would initiate landmark steps to arrest the threat of global warming and climate change through the new bilateral green partnership.

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