Chennai:
United States Under Secretary Francisco Sanchez on Monday
expressed concern over the solar import restrictions by India and said any
restriction that will have the effect on limiting the best technology to India
is of concern to America.
Reacting to a query on government policy wherein 30 per cent
domestic content is mandatory for the solar thermal power projects in the first
phase of the Jawaharlal Nehru National Solar Mission, he said, “We are
believers in an open economy and any restrictions that have the effect on
limiting the best technology from coming into your country is of concern to us.
We believe that's not the best way to foster a local industry.”
Speaking to reporters after Indo-American Chamber of
Commerce Luncheon meeting here, Sanchez was also critical of congestion in
Chennai port and said there is a need to upgrade port facilities.
Interestingly, Sanchez is leading a 12-member business
delegation from leading shipping and logistics industry and is targeting
Chennai for investments. “I will also be meeting the local authorities in ports
and maritime sectors,” he said.
Urging India to improve business climate, he said the
country is ranked 132 in World Bank report on business environment and it is in
India’s interest to improve its business climate so it can attract more foreign
direct investment.
Sanchez who will also be touring to Mumbai and Ahmedabad
said that US Secretary of Commerce John Bryson will be leading a trade
delegation to India next month to boost trade ties with India.
He said US currently has a trade deficit with India but two-way
trade has been steadily increasing.
Sanchez said there would be 65 cities in India
by 2030 and there is immense opportunities for his country's
firms delivering products and
services to meet requirements like power
generation and waste-water treatment
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