"Want An India That...": US Envoy Wants Reforms In Tax, Export Policies

Eric Garcetti said "opaque corporate tax practices" are still a "barrier" to American companies wanting to invest in India.

US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation, export control and intellectual property rights regimes for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth.

The envoy said that "opaque corporate tax practices" are still a "barrier" to American companies wanting to invest in India and that export control and export policies have to be changed if the country is to achieve its goals in the economic sphere.

In an address at the Indo-American Chamber of Commerce (IACC), Garcetti asserted that the US wants to see an India that doesn't look at self-reliance as a "fortress" but instead as the strength of Indian companies to compete with anyone in the world.