Modi-Trump ties may rev up FDI: Chambers

Cisco chairman and United States India Business Council (USIBC) chief John Chambers expects foreign direct investment (FDI) from the United States to rev up once President-elect Donald Trump and PM Narendra Modi get down to working together. Chambers said he personally as well as Cisco were doubling down on the faith that India would lead GDP growth as well as the digitisation momentum globally.

“The initial dialogue between the two leaders (Trump and Modi) went off very well and both sides are fully engaged now,” Chambers told TOI, while adding that the American companies have committed to bring $27 billion FDI in the next two years. “I have interacted with several top leaders. Modi is among the three smartest leaders I have met,” he said, arguing that the Indian PM was revamping the country’s image as a slow follower, tepid innovator and not a risk taker.

Chambers declined to name the other two leaders he admired, adding with a full-throated laugh “it would land me in trouble”.Read more…