India-US industry representatives meet to renew business ties

Tags: News
Representatives of the Indian and the American industry today met in the aftermath of the recent diplomatic row between the two countries, and renewed their commitment towards maintaining strong business ties.

President of the US-India Business Council (USIBC) Ron Somers met Ficci Secretary General A Didar Singh here.

"American businesses see opportunities in the Indian marketplace, and have so for more than 20 years since economic liberalisation began. Companies like Citi and General Electric have been investing in India for more than a hundred years," Somers said.

Indo-US bilateral trade is around USD 100 billion.

"This is a strategic and commercial partnership which is far too important to be derailed. Business must continue as usual," Singh said.

Devyani Khobragade, 39, was arrested last month on charges of visa fraud and misrepresentation of facts, which have been refuted by the senior Indian diplomat. Her arrest and alleged mistreatment resulted in a major diplomatic row.

India took several retaliatory measures like reducing the diplomatic privileges of American diplomats in India and bringing it at par with what Indian diplomats get in the US.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The big challenge before India now is to figure out the real China

    Sino-Indian relations come under a rather special category, as far as ties between two neighbouring countries go.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Risks and effects of climate change

Research has shown that several people are aware of climate ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture