India can attract greater US investments as compared to neighbouring China with focus on manufacturing and infrastructure: General Electric
Sonia Joshi
Feb. 27, 2006

According to GE executives, India attract greater US investments as compared to neighbouring China with focus on manufacturing and infrastructure.

According to media reports, Increasing its lead in service sector and improvment in infrastructure and manufacturing can help India attract greater US investments as compared to neighbouring China, experts feel.

"India is certainly ahead of China in providing services to the US such as BPO and Software industry. If it improves on manufacturing and infrastructure quality, it could divert US investment in its favour," CEO GE India Scott R Bayman said at a panel discussion ''Can India's Trade and Investment with USA match China'' here.

The deliberation organised by Confederation of Indian Industry saw experts coming out with various opinions on India's growth potential in terms of attracting larger investments from the United States.

Currently, Indo-US trade stands at a meagre US$40 billion, while trade between China and the US is estimated to be over five times that.

On the possible areas where India could improve Bayman said: "Agriculture industry, infrastructure development, trade agreements and labour laws are a few areas where there is some scope for improvement."

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