Foreign investment from the U.S. is set to increase in India despite trade tensions and tariff negotiations, said John E Drew, Chairman of World Trade Centers Association (WTCA), a New York-based organisation that issues license for constructing World Trade Centers (WTCs) across the world. Tech giant Apple Inc. will continue investing in the country and grow its business though there is tariff threat from U.S. President Donald Trump, he told Fortune India in a video interaction.
The political ties between India and the U.S. are strong and are expected to strengthen further, with similar positive relations existing between India and the EU, he said. “While there may be some short-term challenges, such as higher product costs due to tariffs and industry-specific impacts, overall business and investment flows will continue to grow. Notably, increased foreign investment, especially from the U.S. into India, is expected,” Drew noted. He also said that India would benefit from incoming overall foreign investment as well as by growing its global trade footprint as the world economy stabilises.