India should be given credit for helping America recover from the economic crisis, says S Jaishankar, India's new Ambassador to the US.
In a letter to the bipartisan group of eight Senators -- called Gang of Eight -- who are working on the negotiations for a comprehensive immigration reform, the council has opposed several provisions of the proposed bill, which it believes, if implemented, would end up targeting Indian companies.
United States has asked India to deliver the commercial promise of the historic civil nuclear agreement between the two countries.
The Finance Minister said as a result of India's economic reforms, a number of Indian companies have grown in size and stature and at times tend to compete with the US companies.
Sharma said both US President Barack Obama and Indian Prime Minister Manmohan Singh are firmly committed to take this relationship to greater heights.
Arguing that the 'extraordinary economic growth that has in fact been taking place between the United States and India,' that has translated 'into thousands of jobs created in both countries, has 'sometimes been lost in the distraction of the daily headlines,' is the focus of a major report officially launched by the US-India Business Council titled 'Investing in America, How India Helps Create American Jobs.'
Govt is looking at problem solving than structural reforms to address economic issues.
There are huge opportunities for US companies to invest in India, he said in Washington, DC.
USIBC is pulling together a similar advocacy team like what they did during the US-India civil nuclear initiative.
Some American lawmakers and organisations want to torpedo the H-1B visa program.
In a meeting hosted by US India Business Council on Thursday night, the American industry leaders also discussed with Subbarao the need for maintaining 100 per cent foreign ownership of wholly-owned subsidiaries, and transparent priority sector lending norms.
There is deep angst and growing concern by America Inc, over India's Preferential Market Access policy and fears that as a quid pro quo, lawmakers in the US Congress may limit or even prohibit the free movement of Indian technical professionals, including quashing efforts to expand the H-1 B visa program.
The US Chamber of Commerce has written the President complaining of India's discrimination against a wide range of US exports.
Hires 2 former US ambassadors to India.
In addition to mounting its own effort and putting in all its resources to convince the US lawmakers that the killer provisions of the comprehensive immigration reform bill -- that has been introduced in the Senate by the bipartisan group of eight Senators called the Gang of Eight -- the top business group representing the interest of US companies doing business in India is in the final stages of hiring a top lobbying firm for the purpose.
Uttar Pradesh Chief Minister Akhilesh Yadav's proposed visit to the US in July to boost investment chances in the state now appears to be in limbo with his Samajwadi party taking a belligerent anti-US stand.
'India will succeed. I know this past year has caused a lot of concern, but this year is over and by elections we will achieve our ambitious economic agenda.'
USIBC wants Obama to raise America Inc's concerns with Manmohan Singh.
The Coalition would continue the work begun by USIBC's Trade and Investment Initiative in 2007.
USIBC had hosted a executive committee briefing.
According to an official spokesman, it was also decided that some sectors would be identified for investment through which industry could be set up in minimum time.
India open for investment; US ready to move in: USIBC chief.
Corporate America has urged India's Finance Minister to announce a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.
Apparently Human Resources and Development Minister Kapil Sibal -- the Harvard-educated, erstwhile Wall Street lawyer -- still occasionally pines for the United States, going by his waxing nostalgic for the opportunities America afforded him during the time he spent in Cambridge, Massachusetts and the Big Apple.
The weather in Washington is balmy, but Finance Minister Pranab Mukherjee, in the US to attend a meeting of the International Monetary Fund and the World Bank, would feel a distinct chill as he readies to meet corporate America.
Corporate America has showered kudos on Finance Minister Pranab Mukherjee for his latest Budget, describing it as a 'very forward-looking confident budget'.
'Sullivan and Jaishankar welcomed the cooperation in recent weeks that resulted in deliveries of over USD 500 million in COVID-19 relief supplies from the US federal and state governments, US companies and private citizens across America for the people of India'
Warner said the opportunities ranged from advancing the cause of the bilateral investment treaty, to advance the cause of greater collaboration between educational opportunities.
Gujarat and Karnataka are the "role models" of a competent and transparent government and a progressive leadership that can attract investors in the coming years, according to a leading US business forum representative.
Corporate America does not believe that the United States-India relationship has been oversold, but that it's certainly over-hyped. However, it is more concerned over New Delhi's recent actions such as retroactive taxes and predicts all of this will lead to foreign direct investment drying up at a time when India needs it more than ever.
USIBC President slams India for suspending its decision to open the multi-brand retail sector to foreign direct investment.
If the US were to look from the east coast across the Atlantic for a country with which it could collaborate, then India would be that country for reasons more than one, Minister for HRD and Communications and IT Kapil Sibal.
Ron Somers, president of the US-India Business Council, said that the reason the USIBC is so keen to deepen linkages with India across the education sector is 'because our knowledge partnership with India depends on it.'
US Deputy Secretary of State Williams J Burns said that several Indian leaders -- both business and political -- educated in the US are testament to the quality of an American education.
Like in any expanding relationship, there will always be transactional issues to address between the two sides, says Rao.
The US-India Business Council (USIBC) in coordination with the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce & Industry (Ficci) is preparing a list of invitees for the business summit to be addressed by visiting US President Barack Obama.
In a show of solidarity, the CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19.
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
USIBC urged a serious evaluation of a more specialised bilateral economic arrangement.
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