Business baron Anil Ambani had a meeting with US Commerce Secretary Gary Locke on Thursday, during which they discussed the new momentum in economic relationship of the two countries following the November visit of President Barack Obama to India.
Locke, who is the third choice for this post, became America's first Chinese-American governor when he served two terms in the Washington state house from 1997 to 2005. "Gary will be a trusted voice in my Cabinet, a tireless advocate for our economic competitiveness and an influential ambassador for American industry who will help us do everything we can, especially now, to promote our industry around the world," Obama said.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
US Commerce Secretary has appointed Purnima Voria to a new National Advisory Council
Dr Vijay Sazawal, director, government programs, United States Enrichment Corporation, Inc, a leading supplier of enriched uranium fuel for commercial nuclear power plants worldwide, has been appointed by Secretary of Commerce Gary Locke to serve on the Civil Nuclear Trade Advisory Committee for two years.
China on Wednesday agreed to take significant steps with regard to enforcement of intellectual property rights, opening its markets and revising its indigenous innovation policy - all of which the United States said will boost its exports to Asia's largest economy.
The trade mission will highlight export opportunities for US businesses in a broad range of advanced industrial sectors.
We welcome all companies from India to come and invest and do business there. We have almost no restrictions in any sector at all. However, we expect similar reciprocity in India for our apples, pistachios, helicopters, and disaster relief materials, besides other products. We do not restrict such items from entering the US markets.
The city's Dabbawallas, who had once caught the fancy of Prince Charles for their super-efficient tiffin-delivery system, today shared the tricks of their trade with US Commerce Secretary Gary Locke.
US Commerce Secretary Gary Locke's robust meetings in Mumbai, includes a bilateral with the Governor of the RBIndia Dr D Subbarao and senior officials at the Department of Atomic Energy and the Nuclear Power Corporation of India, in addition to speeches to the Federation of the Indian Chambers of Commerce and Industry and the National Association of Software and Service Companies, will also be punctuated with an interaction with the dabbawallahs or tiffin caterers.
The trade mission, comprising 24 companies from 13 states, is the first visit by an American Cabinet Secretary to India since US President Barack Obama came calling in November, 2010.
Parita Shah, one of United States Commerce Secretary Gary Locke's closest advisers, is among the several second-generation Indian Americans serving in the Obama administration.
United States Commerce Secretary Gary Locke speaks to Aziz Haniffa in an exclusive interview.
On the eve of US Commerce Secretary Gary Locke's trip to India next week as the head of a high-tech trade mission of 23 American companies, including Fortune 500 heavyweights and also several small and medium enterprises, the Department of Commerce has moved expeditiously to implement the export control initiatives to facilitate high tech trade with India.
Bryson, who is the former chairman and CEO of Edison International, will replace Gary Locke.
A trade agreement between the two nations would have to factor in US' concerns about IPRs and India's anxiety about market access.
US also said it saw abundant opportunities in India in areas of medical technology, power, financial services, hi-technology and clean energy.
The big-ticket announcement during US President Barack Obama's visit to India starting November 6 will be about lifting controls on the export of high-technology items to India. "We are looking forward to a significant announcement on export controls," said US Commerce Secretary Gary Locke in an exclusive interview to Business Standard.
The US would offer technological help to world's biggest polluter China to enable it achieve its target of emission reduction, a top official said on Thursday, acknowledging that China, India and Brazil have made significant commitments at Copenhagen.
The Barack Obama administration has launched a concerted and aggressive campaign on behalf of United States's fighter aircraft manufacturers to push for the 'mother of all deals'-- the $11 billion medium multi-role combat aircraft deal for 126 fighter aircraft for the Indian Air Force. The deal could give the ailing US economy a major boost in terms of both exports and thousands of jobs.
US Commerce Secretary Gary Locke, who is on a six-day visit to India for furthering the work outlined by US President Barack Obama in November last year.
The issue, which has an impact on the Indian IT industry, came up for discussion between visiting US Commerce Secretary Gary Locke and Commerce and Industry Minister Anand Sharma in New Delhi.
The Obama administration, responding to India's angst over the sharp hike in H-1B and L1 visa fees as discriminatory and anti-trade in services, has argued that India is equally discriminatory.
Srinagar-born Dr Vijay Sazawal, 64, of Bethesda, Maryland, who has over 35 years of professional experience in the nuclear industry covering the entire fuel cycle, has been appointed by United States Secretary of Commerce Gary Locke to serve on the Civil Nuclear Trade Advisory Committee for a period of two years.
The US controls exports of sensitive equipments, software and technology.
China's growing dominance in global trade is definitely a matter of concern for both the US and India.
India's aviation sector would have a fully functioning satellite based navigation system (GPS) in place next year, Aviation Minister Praful Patel said.
Locke says the US is seeking a level-playing field.
Commerce and Industry Minister Anand Sharma and the US Trade Representative Ron Kirk would sign the India-US Trade Policy Forum Framework for cooperation on trade and investment in Washington on March 17.
"Indian foreign direct investment in the US is more than America's FDI in India."
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