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Rediff.com  » Business » Indo-US summit from Nov 16

Indo-US summit from Nov 16

By Seema Hakhu Kachru in Houston
November 15, 2005 12:02 IST
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The second Indo-US Economic Summit beginning on Wednesday in New Delhi will focus on bilateral cooperation in retail, financial services including banking besides civil aviation and energy.

The summit christened 'Bridging the Gap', is organised by Indo-American Chamber of Commerce.

The summit will focus on expansion of Indo-US trade and opportunities in organised retail trade in India; financial sector including banking, capital markets and insurance; partnership with the US in civil aviation; and Indo-US partnership in the Energy sector.

"Prime Minister Manmohan Singh's recent visit to the US has generated substantial goodwill and interest about India. Majority of the Indian and American companies are enthused to enter into strategic partnerships in diverse areas," said Jagdip Ahluwalia, executive director of the Indo American Chamber of Commerce of Greater Houston.

"It is in these exciting and challenging times and when the Indo-US relations are at an all-time high that the Second Indo-US Economic Summit is being held," he told PTI.

The summit's objective is to share ideas and explore opportunities for expanding Indo-US trade relations; enhancing Indo-US business collaborations and joint ventures; exploring investment opportunities in India and investment opportunities in the US and establishing one to one business contacts.

The summit will focus on issues, problems and opportunities in expansion of Indo-US trade and opportunities in organised retail trade in India, financial sector including banking, capital markets and insurance as also partnership with the US in civil aviation and energy sectors.

The summit will be attended by senior representatives from Indian and US governments, multilateral and bilateral bodies, CEOs of Indian and American corporates, public sector undertakings, banks & financial institutions, consultants and decision makers.

Kamal Nath, Minister for Commerce & Industry is scheduled to inaugurate the summit, IACCGH said.

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Seema Hakhu Kachru in Houston
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