US cos may line up $27 bn investments in India in 2 years: USIBC

American companies invested an over USD 15 billion ever since the Narendra Modi government came to power and are expected to further increase the investments by USD 27 billion in the next two years, according to US-India Business Council (USIBC).

"The reforms undertaken by India in the last two years under Prime Minister Modi's leadership are resonating very well with the US companies," USIBC President Mukesh Aghi said.

"In a recent USIBC survey, about 20 percent of our member companies confirmed that they have already invested over USD 15 billion in India ever since Prime Minister Modi assumed office. Within this and the next year, we expect more than USD 27 billion to be invested additionally by at least 52 US companies in India," he added.

Both the US and India have a huge opportunity to scale up bilateral trade exponentially in the coming years, USIBC Chairman John Chambers said.