New U.S. envoy could aid FDI inflows |
The appointment of former Warburg Pincus partner Kenneth Juster as the U.S. Ambassador to India will encourage other American investors to invest in the country, said U.S. India Business Council (USIBC) president Mukesh Aghi. Mr. Juster, who earlier served on the USIBC board and played a key role in the negotiation of the Indo-U.S. civil nuclear co-operation deal, oversaw a significant scaling up of the private equity firm Warburg Pincus` investments in India in recent years. He was the firm`s managing director and partner till he was appointed as deputy secretary to Trump, and has the advantage of knowing India well and coming here directly from the White House. Aghi dismissed any potential conflict of interests in his role due to his former firm`s exposure to India. His experience at Warburg will encourage other U.S. companies to look at India more seriously. As an old hand on India, he understands the country well and this is a very positive announcement for both India and the U.S. Mr. Juster will be coming straight from the White House and has access to everybody. More important is his strong understanding of India and the fact that Indo-U.S. ties are not just about defence, but also business.
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