A report by the Federation of Indian Chambers of Commerce & Industry (Ficci) and consultants EY has said a bilateral investment treaty can boost the business relationship.
The report said even in the financial uncertainty between October 2012 and December 2014, India Inc made 71 acquisitions in the US, which were 26 per cent of the 268 made by Indian businesses across the globe. These acquisitions in the US were valued at $2.9 billion. The important ones were acquisition of Houghton International Inc Chemicals by Hinduja's Gulf Oil Corp for $1.04 bn, a stake in AGCO Corp by Mallika Srinivasan for $427 million and of Lightbridge Communications Corp by Tech Mahindra for $240 million.
