US companies are looking for transparency and consistency in policy framework: Experts

Exploring the possibility of developing India as an alternative in the midst of a US-China trade war, the American corporate sector eagerly looks forward to the election results and hopes that the new government adopts a “consultative process” in framing policies, experts say.

“US companies are looking for transparency and consistency in policy framework. They would appreciate a consultative process (in) framing policies,” Mukesh Aghi, president of the US-India Strategic and Partnership Forum told PTI, ahead of the declaration of the election results on May 23.

India, Aghi asserted, has “a fantastic opportunity” to attract US and European companies as China trade relations get strained with its partners.

“These companies would consider India if ease of business improves along with predictability, otherwise countries like Vietnam and Cambodia are successfully attracting these companies,” Aghi said in response to a question.