Delivering a lecture on "the role of US business in re-shaping the US-India relationship" here on Friday evening, Clark said the flood of cash rush to India and China that was evidenced during the mid-1990s will slow down in the years to come.

"The problem is not money. We have enough of it. The problem is that the prospects of project implementation is still under cloud.

Delays in clearing power projects is creating frustration and disappointment among the US businessmen and they are looking at the United States domestic market where demand for power is growing," he said.

Clark said there is a demand for more than a million megawatt additional power in the USA. Lot of new power projects have to be set up andthat will call for huge investment.

As a result, we may not have much surplus to invest in India or China or any other South or South East Asian country.

In India, out of eight fast-track power projects, all but two are held up owing to delays in decision-making, he said.

The problem is the same with the telecommunications sector.

Non-implementation of the gateway project, which was proposed to be set up in India, resulted in a loss of revenue to the tune of $40 million, he said. "The bottlenecks need to be removed."It seems that India is yet to make up its mind regarding its attitude towards the United States. "Relations between the two countries and between the two governments need to be improved," he said.