360° Coverage : Enormous potential seen for India-US trade growth

2 Updates

Enormous potential seen for India-US trade growth

Dec 7 2013, 12:54am CST | by IANS

Washington, Dec 7 (IANS) Despite some recent concerns on both sides, representatives of US business and industry are agreed that there is enormous potential for growth in India-US trade and notably job creation in both countries.

Washington, Dec 7 — Despite some recent concerns on both sides, representatives of US business and industry are agreed that there is enormous potential for growth in India-US trade and notably job...

Filed under: news

YouTube Videos

 
 
 

40 weeks ago

Enormous potential seen for India-US trade growth

Dec 7 2013, 12:54am CST | by IANS

Washington, Dec 7 (IANS) Despite some recent concerns on both sides, representatives of US business and industry are agreed that there is enormous potential for growth in India-US trade and notably job creation in both countries.

Washington, Dec 7 — Despite some recent concerns on both sides, representatives of US business and industry are agreed that there is enormous potential for growth in India-US trade and notably job creation in both countries.

This appeared to be the consensus emerging from a roundtable hosted by Ami Bera, the lone Indian-American member of the US House of Representatives, here Thursday for members of the US-India Business Council (USIBC) and the Confederation of Indian Industry (CII).

More than 40 representatives from several industries including technology, manufacturing, agriculture, retail, hospitality attended the round table, according to a statement issued by Bera's office.

"As the world's oldest and largest democracies, the US and India are natural allies," said Bera, who is also a member of the House Foreign Affairs Committee, sharing the insights gained from his recent trip to India.

"Our countries must work together to continue to grow our economic partnership and trade relationship."

"Relations between India and the United States have never been stronger," said India's chargé d'affaires Taranjit Singh Sandhu. "Deepening of India-US economic partnership anchors India's strong relationship with the United

States."

"All agreed that the potential for growth - and notably job creation - in both countries is enormous and that the US and Indian governments remain committed to strengthened two-way trade," said USIBC Executive Vice President Diane Farrell.

"The US-India partnership has undergone a fundamental transformation over the past two decades," said Sandhya Satwadi, Director and Head, CII-North America.

"While there are some immediate challenges on both sides, often times the cacophony surrounding short term concerns drowns out the reality of the strength of the partnership," she said.

There are emerging opportunities in sectors like health, clean energy, defense, infrastructure, and agriculture that require renewed focus and engagement from both sides, Satwadi said.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
2

6 days ago

Ami Bera introduces bill to block Delta tunnel funding

Sep 10 2014 8:10am CDT | Source: Sacramento Business Journal

Democratic Rep. Ami Bera of Elk Grove has introduced legislation to block federal funding in fiscal 2015 for the Delta tunnels project. According to Bera, state officials have asked the federal government for $4 billion to help finance the $25 billion project. The Bay Delta Conservation Plan “will cost taxpayers billions, and hurt countless farmers and small businesses in our region. We must stop this misguided plan and continue to fight for real bipartisan solutions,” Bera said in a statement ...
Source: Sacramento Business Journal   Full article at: Sacramento Business Journal
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

$1bn needed to fight Ebola virus: UN
United Nations, Sep 16 (IANS) Over one billion dollars are needed to fight the West Africa Ebola outbreak - a tenfold increase in the past month, the UN's Ebola coordinator has said.
 
 
Five children die of spoiled vaccines in Syria
Damascus, Sep 16 (IANS) At least five children died after taking contaminated measles vaccines in rebel-held areas in the country's northern province of Idlib, the opposition Syrian Observatory for Human Rights said Tuesday.
 
 
'XI visit will set tone of Modi's US trip'
Washington, Sep 16 (IANS) Chinese President Xi Jinping's India visit will set the tone of Indian Prime Minister Narendra Modi's upcoming trip to the US, according to Jagat Shah, secretary general of the China-India Trade and Investment Centre.
 
 
Kenya maintains flight ban to Ebola-hit West African nations
Nairobi, Sep 16 (IANS) The Kenyan government will not lift a travel ban to West African countries affected by an outbreak of Ebola virus disease until the risk reduces to a manageable level, officials said Tuesday.
 
 
 

Latest from the Network

$1bn needed to fight Ebola virus: UN
United Nations, Sep 16 (IANS) Over one billion dollars are needed to fight the West Africa Ebola outbreak - a tenfold increase in the past month, the UN's Ebola coordinator has said. David Nabarro made the...
Read more on Business Balla
 
Modi's speech to be beamed live at iconic Times Square
New York, Sep 16 (IANS) Prime Minister Narendra Modi's address to the Indian community at a grand public reception at Madison Square Garden Sep 28 will be beamed live on giant screens at New York's iconic Times Square...
Read more on Politics Balla
 
Five children die of spoiled vaccines in Syria
Damascus, Sep 16 (IANS) At least five children died after taking contaminated measles vaccines in rebel-held areas in the country's northern province of Idlib, the opposition Syrian Observatory for Human Rights said...
Read more on Politics Balla
 
Nepal all-party conference on constitution drafting cancelled
Kathmandu, Sep 16 (IANS) A scheduled all-party conference which was expected to provide an impetus to the fragile constitution drafting process of Nepal has been cancelled due to dispute among parties about its agenda...
Read more on Politics Balla
 
'XI visit will set tone of Modi's US trip'
Washington, Sep 16 (IANS) Chinese President Xi Jinping's India visit will set the tone of Indian Prime Minister Narendra Modi's upcoming trip to the US, according to Jagat Shah, secretary general of the China-India...
Read more on Politics Balla
 
Bangladesh court to give verdict on Islamist leader's death rap appeal
Dhaka, Sep 16 (IANS) Bangladesh's apex court will Wednesday deliver the final judgment on an appeal against the verdict of the International Crimes Tribunal (ICT)-1 sentencing an Islamist party leader to death for war...
Read more on Politics Balla
 
Iraq parliament fails to endorse key ministerial nominees
Baghdad, Sep 16 (IANS) Iraqi lawmakers Tuesday failed to approve new Prime Minister Haider al-Abadi's nominees for defence, interior and tourism ministers, media reported. Jaber al-Jaberi, a Sunni nominee for defence...
Read more on Politics Balla
 
Google wants to teach programming to millions of American girls
San Francisco, Sep 16 (IANS/EFE) Internet giant Google is seeking to teach computer programming to millions of girls in the US under its Made With Code initiative, which has an eye on developing women programmers in...
Read more on Politics Balla
 
Over 260,000 internally displaced in Ukraine: UN agency
Geneva, Sep 16 (IANS) Over 260,000 people in Ukraine are internally displaced, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said Tuesday. According to its latest report, OCHA said an estimated 5.1...
Read more on Politics Balla
 
Riyadh calls for 10-year fight to wipe out terror
Riyadh, Sep 16 (IANS) Saudi Arabia wants that the war on the so-called Islamic State (IS) and other terrorist organisations should continue for 10 years, Foreign Minister Prince Saud Al-Faisal has said. Addressing...
Read more on Politics Balla