WASHINGTON (Reuters) - U.S. Commerce Secretary John Bryson said on Thursday India had to be more transparent and accountable as the United States tries to bolster trade and investment with the south Asian country.
"We still have challenges in regards to transparency, accountability and openness in India," Bryson said at an event in Washington after taking 16 U.S. businesses to India to invest in the country's massive infrastructure plan.
India wants the private sector to invest billions of dollars in infrastructure over the next five years. The United States wants a piece of the action and is encouraging domestic companies to invest in sectors such as road building, railways and energy.
Bryson said the United States still had concerns with everything from high tariffs and intellectual property to forced local sourcing in technology and electronics.
"It's clear that we still have hurdles to overcome but after this trade mission I believe more than ever that we can indeed overcome them," he said.
U.S. exports to India have increased to more than $21 billion in 2011 from less than $4 billion in 2001, according to the Commerce Department.
(Reporting by Rachelle Younglai; Editing by James Dalgleish)
Trending On Reuters
Earthquake Strikes Nepal
A powerful earthquake struck Nepal and sent tremors through northern India on Saturday, killing hundreds of people, toppling a 19th-century tower in the capital Kathmandu and touching off a deadly avalanche on Mount Everest. Full Article
RBI chief Rajan calls for formal financing routes for farmers - report Full Article
India to host Afghan leader, seeks to regain ground lost to China, Pakistan Full Article