Ron Somers, president, US-India Business Council, discusses American business and industry's expectations and responsibilities from the Obama's visit.
Ron Somers, president of United States-India Business Council, has termed the Indian government's rollback of foreign direct investment in the multibrand retail sector as yet another addition to the disappointments American business and industry has had to endure.
Just as New York recovered after 9/11, Madrid from its train bombings and London from the assault on its Underground, Mumbai will emerge from this outrage ever-stronger," it said.
Industry sources told India Abroad they wouldn't shed any tears if the legislation died in the House.
'You have to explain to them about Indian investments in the US creating jobs this reverse outsourcing'
The uncertainty over the fate of the Civil Nuclear Liability Bill in Parliament has caused a considerable amount of concern to members of the United States-India Business Council, as some of them had lobbied feverishly in the US Congress to get the agreement approved.USIBC President Ron Somers voiced his concerns at an interaction with Foreign Secretary Nirupama Rao, during her six-day visit to the United States
Ron Somers, president, United States-India Business Council speaks his mind about Indo-US tiff over outsourcing.
US Commerce Secretary has appointed Purnima Voria to a new National Advisory Council
An obviously chagrined United States-India Business Council, which has lobbied feverishly for the passage of the US-India civilian nuclear deal in the US Congress, on Monday issued a guarded reaction to the passage of the nuclear liability bill in the Parliament that had 'compromised on the indemnity clause demanded by American companies to protect it from liability in case of a nuclear accident.'
Harold 'Terry' McGraw, chairman, president and chief executive officer, McGraw-Hill companies, has taken over the helm of the United States-India Business Council, succeeding Indra Nooyi, chairman and CEO, PepsiCo.
The United States India Business Council has conferred the USIBC 30th anniversary jubilee award for 'The US Company Contributing Most to the Indo-US Commercial Relationship' on US giant General Electric.
she said it is not appropriate for a country like India to cling on to this.
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
'At the heart of the strategic relationship between our countries are economic ties.'
With billions of dollars in military technology agreements likely to be made with the United States-India nuclear deal going through, there's an excited buzz among American companies.
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.
The lawmakers lacked imagination, he said.
Seattle is not only the first American city to ban caste discrimination but is the first jurisdiction at any level globally outside South Asia to do so.
India has been at the forefront of the years-long efforts to reform the security council, saying it rightly deserved a place as a permanent member.
At least 10 Indian-Americans, almost all of them Democrats, have won local and state level elections held in several parts of the country, reflecting the growing political empowerment of the ethnic community that constitutes a little over one percent of the United States' population.
Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
America Inc tells Aziz Haniffa that Microsoft's new CEO validates what business leaders have long known - 'We need more Satyas travelling to the US'.
Pence, in response to a question from Chambers, who is also the USISPF chairman, said that he truly believes that the relationship between the US and India, because much of the work that the corporate sector have done, and the work of President Donald Trump and Prime Minister Narendra Modi, has never been stronger.
'The government has sent a clear message to Pakistan: It is no longer business as usual.' 'The rules of the game have changed and a new game is at play,' says Brigadier Gurmeet Kanwal (retd).
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Climate change and US-India collaborations in renewable energy resources will be up for discussion at the US-India energy summit coinciding with Prime Minister Narendra Modi's visit to Washington, DC, later this month, reports Aziz Haniffa.
'Obama probably thinks, "He is quite a guy!" Americans on Capitol Hill think, "He has guts. He is a big player".' An Indian official explains the importance of the Modi visit to Sheela Bhatt/Rediff.com
Rahul Gandhi has taken the fight to the Modi government, feels Milan Vaishnav. Aziz Haniffa/Rediff.com reports from Washington, DC.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
'The days are gone when we only deal with India as the other side of the Pakistan coin or Pakistan as the other side of the India coin.'
India and China have not ruled out a Modi-Xi meeting during the summit.
Here is the full text of the joint statement issued by India and the US.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
'The diplomat's arrest has led to a major diplomatic spat, the likes of which I have not seen in my nearly three decades of covering the US-India relationship, says Aziz Haniffa. 'The knee-jerk reaction by the powers-that-be in Delhi was myopic to say the least.'
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
