NRI panel Assures US Fund for Bangalore

The US India Political Action Committee, a forum that represents Indian
Americans has promised the Bangalore state government that it will it
will channelise US (including NRI) investment and new technologies into
Bangalore provided the state Government promises good infrastructure.

The committee has further said that they will be in a position to influence
US investors if they were convinced that infrastructure and red tape
would not pose problems.

The idea of the investment has come after talks with corporate leaders
N R Narayana Murthy and Kiran Mazumdar Shaw who briefed the panel on
Friday on investment climate in the state and need for better infrastructure
in Bangalore.

Said Sanjay Puri, committee founder and chairman revealed that they
are eager to channelise both money and technology to Karnataka. He also
added that they will wait for the new government to come in before sending
the proposal.

According to committee member Abhi Shah, the committee has told the
Haryana government that it would try to get more US investment as the
government had promised improvement. If the Karnataka government too
could interact with us, we could work for higher US investment there.

Photo: MG Road, Bangalore with public utility building (perspective by Kprateek88, licensed under CC BY-SA 3.0, via Wikimedia Commons.