US to hold talks with India on investment

NEW YORK, Oct 15 (Financial Express): Describing India as an "Asian tiger", the Obama administration has said it will soon hold technical discussions with the country on a "next generation" bilateral investment treaty, through which the US aims to attract billions of dollars of investment and create jobs. The State Department and US Trade Representatives Office will lead negotiations on next-generation of bilateral investment treaties (BITs) that protect and encourage investment. "I am pleased to announce we will soon resume technical level discussions on a new BIT with India," Secretary of State Hillary Clinton told a large gathering at the Economic Club of New York here Friday. The increased focus on bilateral treaties is part of America's priority to attract billions of dollars of new investment to create American jobs.