Friday, June 27, 2008

India doubling investments into US

by Jenny Hodge

Mr. K V Kamath, President, Confederation of Indian Industry (CII) is leading a 9 member delegation as part of the CII CEOs Mission to the United States from 24-26 June 2008, with the aim of strengthening the bilateral ties, augmenting economic and commercial cooperation between the two nations to greater and newer heights and discussing innovative ways to collaborate on global economic challenges.

The main thrust of the mission would be to focus on doubling Indian investments in the US in the next few years.

Today Indian investments into the US stand at around US$ 4 billion and the scope from India is enormous.

CII’s annual visit would strive to explore how this could be doubled in the next few years, said the CII President.

The CII CEOs Mission comprises: Jignesh Shah, Chairman and CEO, Financial Technologies Ltd, Harpal Singh, Chairman, Ranbaxy Laboratories Ltd, Rajan Navani, Managing Director, Jetline Group of Companies, Syamal Gupta, Chairman, TATA International, Hari Bhartia, Vice Chairman and Managing Director, Jubilant Organosys Ltd, Gopal Srinivasan, Chairman & Managing Director, TVS Capital Funds Ltd, and Chandrajit Banerjee, Director General, CII.

In New York, the delegation would meet with Dr Henry Kissinger to seek his valuable inputs and thoughts in strengthening India US ties and take it to a higher level of interaction, both political and economic.

While in Washington, the CEOs delegation will also meet with Ambassador Ronen Sen, key officials from US Administration, Senators and Congressmen and thought leaders from leading Think Tanks.

The delegation will also address leaders from Industry, Government, Academia, Think Tanks and Press at a business event, jointly organized by CII and the US India Business Council - a strong institutional partner of CII in US.

The trade between the two countries has increased approximately 190 % from 14.4 bn USD in 2002 to 41.6 bn USD in 2007.

There is an increased investment flow on both sides.

The Indian investments in the Unites States have witnessed stupendous growth in last three years contributing to economic growth and creating employment opportunities in the United States.

This is a strong testament to strengthening economic and commercial cooperation.

 

 

 

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