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

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

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

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture