Business Daily from THE HINDU group of publications Tuesday, Nov 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Foreign Trade ‘India high on US growth agenda’ Our Bureau New Delhi, Nov. 10 The US Assistant Secretary for Trade Promotion, Mr Israel Hernandez, has said the new US administration led by President-elect Mr Barack Obama will continue to focus on bilateral trade and strengthening ties with India. Observing that India was among top 20 of the US’ trading nations, he said last year the bilateral trade stood at $ 42 billion and is growing annually at 20 per cent. “India, China and Middle East are key pockets for growth for us. We would like India to be among the top ten trading partner,” Mr Hernandez told reporters. Asked about Mr Obama’s stance on outsourcing during the electoral campaigns, he said, “Mr Obama has identified relationship with India as strategic and significant. While I cannot speak for the stance, but I will add that moving ahead in the 21st century relationship with countries like India are crucial for growth”. Mr Hernandez is on a visit to India with a team of 13 small and medium firms’ representatives on a trade mission to forge new partnerships in the areas of energy, power, healthcare and education. They will travel to Mumbai, Hyderabad besides Delhi. “The growth here is historic and there is a lot of interest among American companies to set it foot here,” he said. More Stories on : Foreign Trade | Economy
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