US: A lot of positive vibes were generated on both sides US President Barack Obama’s visit in January, but the Indian government needs to expedite ease of doing business to strike the right investment chord, Indo-American Chamber of Commerce (IACC) president Asoke K. Laha feels.
“The vibes that Modi and Obama shared had helped a lot in generating trust among the business community in the US. But ease of doing business is the most important and the critical thing that the Modi government should address to attract investment, Laha told IANS in an interview during a visit here.Laha, who went to the US in the 1970s, has his own comprehensive software consultancy based out of San Jose, California, with operations in India as well.
Terming the Modi-Obama vibes as “just the beginning”, he said: “If I am an American and I see that my president has good relations with the prime minister of another country then that makes me feel comfortable.””That feeling has to be inculcated among US investors that their money is in a secure place. A bureaucratic nuance during the setting up of a business has to be curtailed and tax laws need to be predictable.”
