New york, June 11: India and the United States have immense scope to work together on construction projects in Iraq, Union minister for commerce and industry Arun Jaitley has said. India has undertaken several construction projects in Iraq and thus possesses considerable experience. India is yet to get payment for some of the construction works done and some of what it did might even exist now after the war, he told a gathering at the Asia Society here on Tuesday.
Besides, people of the two countries too have enjoyed a great relationship, the minister told the select audience.
Showcasing India as a highly desirable destination for investors, he said the government has taken the initiative to ensure all facilities in Special Economic Zones (SEZs) in which the private sector would play a major role, give tax breaks and strengthen and develop infrastructure, including roads, rail and telecommunications.
A noteworthy achievement, Jaitley said, is that India has made tremendous economic progress despite wars with China and Pakistan and huge cost of fighting terrorism which claimed lives of 62,000 civilians and 8,000 security personnel.
Bureau Report