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India, US See Greater Role for Industry in Pushing Economic Ties
Published in Saudi Press Agency on 23 - 06 - 2010


India and the US Wednesday
asked the corporate to play a greater role in accelerating the
pace of growing economic ties between the two largest
democracies in the world.
Addressing a luncheon meeting of Indo-US CEO Forum at
the Foggy Bottom headquarters of the State Department,
Secretary of State Hillary Clinton and Indian Finance Minister
Pranab Mukherjee emphasized the significant role for the
corporate sector in taking the Indo-US relationship to an
altogether new level as envisioned by US President Barack
Obama and Indian Prime Minister Manmohan Singh.
"Our ultimate aim is to make India a vibrant economy
that attracts global capital and trade....In fulfilling this
objective all of you have a role to play," Mukherjee was quoted as saying by the Press Trust of India.
Hillary Clinton said Washington and New Delhi need to catch up
with the businesses cooperation between the countries.
Underlining the importance of ties with the US,
Mukherjee said as India pursued its developmental goals, it
would like to work with the US, especially where its
priorities converge to the mutual benefit.
"We have a unique advantage, which is the existence of
strongest possible people-to-people linkages that any
bilateral strategic partnership could wish for," he added.
Referring to the recently released study reports,
Hillary Clinton said the Indian investment in the US since 2004 grew
by an estimated 60 per cent, Indian acquisitions have
supported approximately 40,000 jobs and manufacturing export
to India led to about generation of 96,000 jobs in the US.
On the sidelines of the CEOs Forum meeting, Clinton
met Mukherjee at the State Department during which the two
leaders discussed bilateral relationship.


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