"FDI is linked to business, brick and mortar on the ground... Discussions that I am having with American business people, I can tell you those business plans, those investments are being worked out and soon we will see surge of FDI coming to India as well," he said.
     
Sinha said the government is trying to accelerate promote and encourage manufacturing in India.
     
"Manufacturing becomes very important area where we can operate", he said, adding that both the countries stand to benefit from it.
     
On FDI in multi-brand retail, however, Sinha reiterated the government stand that it would impact millions of people.
     
"We have been absolutely clear and transparent... We have said, We are not in favour of FDI in retail because it is something which will impact millions and millions of people in India," he said, at India US Dialogues, organised by The Observer Research Foundation and Network 18.
     
The dialogue took place amid the US President Barack Obama starting his three-day visit to India.
     
FDI from the US from April 2000 to November 2014 aggregated to USD 13.28 billion or 5.62 per cent of the total flows.

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