India, US ‘working towards’ achieving $500-b trade target

28-Apr-2015 #India-US,#Economy & Trade Source: The Hindu Businessline
On the topic of India-US bilateral trade, US Ambassador to India Richard Verma has said that in 2014 the trade reached over $100-billion and that the US is keen to work with India towards achieving an ambitious $500 billion. Verma also stated that the country, however, needs to resolve issues related to land acquisition and foreign direct investment if it wants to attract foreign investments in its proposed smart cities.
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