Most major US corporations, banks and financial institutions are present in India. We value their contribution to our economic growth. Equally, I am sure, they value their business in India and the contribution that our expanding economy is making to their business profitability. We would like to deepen this relationship. In the last ten years total approval for US investments to India is a mere 15 billion dollars.
Actual flows are even smaller.
In the context of the new opportunities, we must dramatically alter this arithmetic. Let us accept a target of a 5 billion dollars of annual flow beginning next year and raise it to 15 billion dollars over the next three years. This is ambitious. It is, however, achievable. Let us also agree to at least double bilateral trade flows over the next three years.