US Ambassador to India, Eric Garcetti, addresses need for reform in taxation, export control, and IPR regimes to deepen bilateral economic engagement and overcome opaque corporate tax practices as barriers to US investment.
Ambassador Eric Garcetti, the US envoy to India, described the relationship between the two nations as a multiplicative one. He stated that when India and the US come together, the relationship becomes important for the world. In his address at an event in Delhi, Garcetti emphasized the need for reform in India's taxation, export control, and intellectual property rights regimes for deeper bilateral economic engagement. He mentioned that opaque corporate tax practices are still a barrier to US companies looking to invest in India. Garcetti outlined that the strong growth rate of Indian companies and the strengthening of laws would incentivize more investment in the country.
January 30, 2024
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