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 Industry & Economy - Power


`Good power supply vital for US investments'

Our Bureau

New Delhi , April 21

THE United States Chamber of Commerce President, Mr Thomas J. Donohue, has warned that foreign direct investment (FDI) inflow into the country from the US may come under pressure due to erratic power supply.

Addressing a seminar on ``Power Trading in South Asia Today'', organised by the US Chamber of Commerce's South Asia Regional Energy Coalition (SAREC), Mr Donohue said that only increasing levels of power trade between the South Asian countries and within India itself could address the anxieties of US corporations about making further investments in the country.

"I know what it takes to attract significant business investment in any region - it takes energy. If companies cannot be assured of a stable and affordable power supply, they will not come," he said.

"I meet hundreds of leading American CEO's every year. And, I can tell you there is growing interest in the markets and economies of South Asia," he added

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