India will set up a high-level committee to identify areas for expanding economic ties with the US, from where it expects an estimated investment of $250-300 billion in infrastructure space.
The committee, to be set up under Planning Commission Deputy Chairman Montek Singh Ahluwalia, would coordinate with various ministries and prepare a roadmap before US President Barack Obama's India visit in November, Finance Minister Pranab Mukherjee told PTI in an interview here.
India needs USD 1 trillion of infrastructure investment, where there is still a gap of 25-30 per cent and can be filled in by the US companies, Mukherjee said.
Speaking after attending a meeting of Indo-US CEOs Forum here, Mukherjee said the US wants India to expedite relevant legislative actions for economic reforms like opening up of insurance, other sectors.
