The ambassador said that a number of US companies faced increasing difficulties while making business in the largest market in the region, which is China, and were looking for alternative markets.
“India can seize the strategic opportunity – through trade and investment – to become an alternative hub for US business in the Indo-Pacific region,” Juster said.
“There are many benefits to growing our bilateral economic relationship and making India a regional hub for US business … Opening India’s market further to US trade and investment will spur our collaboration on many emerging technologies that will drive and protect our economies, including those related to advanced manufacturing and cybersecurity,” the ambassador said.
Juster said that boosting economic ties would allow the countries to increase flows of capital and to further share technologies.
"'America First' and “Make in India” are not incompatible. Rather, investing in each other’s markets will be mutually beneficial – it will increase our economic interactions and volume of trade, lead to collaboration on emerging technologies, and create jobs in both countries," he added.
Juster has been heading the US diplomatic mission since late November 2017.