Indo-US trade to reach $100 billion by 2018: PHD Chamber

New Delhi, Jan 23: Industry lobby PHD Chamber of Commerce and Industry Friday said the forthcoming visit of US President Barack Obama would further enhance trade ties between India and US which are set to reach $100 billion mark by 2018. "I believe the forthcoming visit of US President Barack Obama would further enhance economic and business linkages between India and US and lead to a win-win proposition for both in terms of improving investors' confidence," said Alok B. Shriram, president, PHD Chamber of Commerce and Industry. "The new Government is pro-active and progressive for undertaking strategic initiatives for ease of doing business so as to provide conducive business environment to the prospective investors." According to Shriram, bilateral trade between the two countries will touch the $100 billion-mark by 2018.