Business Daily from THE HINDU group of publications Tuesday, Sep 09, 2008 ePaper | Mobile/PDA Version | Audio |
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Industry & Economy
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Power ‘US biz lobby will ensure nuke deal is approved by Congress’
Strengthening ties: (From left) Mr R. Gopalakrishnan, Executive Director, Tata Sons Ltd; Mr Frank G. Wisner, Vice-Chairman, American International Group; and Ms Sandhya Satwadi, Regional Director, CII-WR; at a CII Session on`After US Elections: Next Steps in the US-India Relationship' in Mumbai on Monday. - Shashi Ashiwal
Our Bureau Mumbai, Sept. 8 The large American business community would use its lobbying powers to ensure that the Indo-US nuclear deal is ratified by the US Congress in this session, said Mr Frank G. Wisner, Vice-Chairman, American International Group. Mr Wisner was the US Ambassador to India more than a decade ago. A delay in ratification could put American firms at a disadvantage, as India could enter into nuclear trade with other countries, like Russia and France, he added. Mr Wisner was responding to queries at a CII session, After US Elections: Next Steps in the US-India Relationship. There would be too much uncertainty if the bill is not passed in this session, he added. Lame-duck sessionExplaining the other possibilities in front of the US Government, Mr Wisner said a lame-duck session could be convened in December for passing the bill. He stressed the need for prioritising Indo-US relations after new Governments take charge in both the countries. (Both countries are headed for elections). “India and the United States can become partners advocating democracy, free press and independent judiciary across the world,” the Vice-Chairman of American International Group said. He pointed out the shift in US perception about India. “India is now seen as an economic power and the stabilising force in Asia. We are keen to explore new trading avenues in technology and energy with India,” he added. Mr Wisner also stressed the need for India and the US to work together. “Both countries can achieve a lot by building a close partnership. The NSG waiver was a result of working together closely. Similar efforts should be put to make the Doha round of talks successful.” More Stories on : Power | Foreign Trade
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