US wants level-playing field for its companies in India

Mumbai, Nov 6 (PTI) The US on Saturday sought a level-
playing field and an atmosphere of genuine competition for its
companies doing business in India, saying current foreign
investment rules are "opaque" and customs tariffs complex.
"These (FDI) rules will halt rather than stimulate
foreign investment. All that the US seeks is a level-playing
field for its companies and a genuine competition", US
Commerce Secretary Gary Locke said addressing a meeting of the
Indo-US Business Summit.
The Summit was organised ahead of US President Barack
Obama's address to the CEOs of the two nations.
Obama arrived in Mumbai on Saturday on a three-day visit
during which he is scheduled to address the Indian Parliament
on Monday. MORE PTI TEAM
EKA


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