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.

EDITORIAL OF THE DAY

  • We must understand the need for P-notes to settle the debate

    The never-ending controversy surrounding participatory notes, aka P-notes, is back in focus following the latest revelation by the Supreme Court-appoi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Managing decisions & bias in 3EE

Leadership is about facing and resolving dilemmas, taking tough calls, ...

Kuruvilla Pandikattu SJ

To see the best in the other

When two people initially develop a loving relationship, the bond ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture