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.


  • Listing of exchanges, shareholder right will boost market fundamentals

    Capital market regulator Securities and Exchanges Board of India (Sebi) announced a milestone change in the Indian capital market at its Monday board


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Sachin Shridhar

Pay well and ask no more

Well, the 7th pay co­mmission has done the obvious. One ...

Kuruvilla Pandikattu

Children, religion and altruism

It is assumed that religious families foster selflessness a­nd love ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture