India will set up a high-level committee to identify areas for expanding economic ties with the US, from where it expects an estimated investment of $250-300 billion in infrastructure space.
The committee, to be set up under Planning Commission Deputy Chairman Montek Singh Ahluwalia, would coordinate with various ministries and prepare a roadmap before US President Barack Obama's India visit in November, Finance Minister Pranab Mukherjee told PTI in an interview here.
India needs 1 trillion of infrastructure investment, where there is still a gap of 25-30 per cent and can be filled in by the US companies, Mukherjee said.
Speaking after attending a meeting of Indo-US CEOs Forum here, Mukherjee said the US wants India to expedite relevant legislative actions for economic reforms like opening up of insurance, other sectors.
Terming his meetings here as very successful, Mukherjee said: "My bilateral discussions with Secretary of the State, Hillary Clinton and the Secretary of Treasury, Timothy Geithner clearly indicated that they are interested in widening and deepening the relationship between India and the US.
"On the whole I say, this was a good visit and all the meetings were successful."
