Ahead of Prime Minister Narendra Modi's visit to United States, a top US business advocacy group has asked the Obama administration to re-launch bilateral investment treaty (BIT) negotiations with India as soon as possible. The US India Business Council (USIBC) represents about 350 American companies having footprint in India. USIBC in its letter also urged the US Government to support India's entry in the 21-member Asia-Pacific Economic Cooperation (APEC). India is a trading partner of utmost importance and US companies and citizens are better served by working with the Government of India as they continue to liberalise trade, USIBC said.

Ahead of Prime Minister Narendra Modi's visit to United States, a top US business advocacy group has asked the Obama administration to re-launch bilateral investment treaty (BIT) negotiations with India as soon as possible. The US India Business Council (USIBC) represents about 350 American companies having footprint in India. USIBC in its letter also urged the US Government to support India's entry in the 21-member Asia-Pacific Economic Cooperation (APEC). India is a trading partner of utmost importance and US companies and citizens are better served by working with the Government of India as they continue to liberalise trade, USIBC said.