by CII, The Asia Society, and US-India Business Council in New York City.The session was held to coincide with the CII CEOs' annual mission to USA, led by Venu Srinivasan, President, CII, and Chairman, TVS Motor Company Ltd. Minister Sharma congratulated CII on this effort that clearly showcases the need for partnership on many fronts and indicated the importance of a successful completion of the Doha trade negotiations.
This report entitled has been prepared in the context of new governments in both countries and examines the potential of bilateral economic engagement over a time horizon of ten years. Stating that the historic civilian nuclear agreement marks the beginning of a new era in the bilateral relationship, the report asserts that given the right conditions, merchandise trade could rise to US$320 bn by 2018, an eight-time increase from US$42 billion in 2007-08.
The CII report points out that although US has been India's largest partner for trade, investment and technology since India's independence, the two countries must now work towards strengthening commercial ties.
A new vision for platform-jump in economic engagement between India and US would include shift from high-technology trade to frontier technology, trade in goods and services, and investments as well as collaboration on clean energy and climate change, including nuclear energy, knowledge sectors, education and research, building infrastructure in India, and healthcare.
India intends to import 24 reactors in the next 11-15 years, and could create as many as 20,000 new jobs directly and indirectly in USA from nuclear trade. For stepping up technology interface, the report recommends regulatory capacity building, improving the business environment, examining non-tariff barriers, and greater cooperation in defense trade.
For further details visit as : www.indiainfoline.com/news/innernews.asp?storyId=105492&lmn=1
This report entitled has been prepared in the context of new governments in both countries and examines the potential of bilateral economic engagement over a time horizon of ten years. Stating that the historic civilian nuclear agreement marks the beginning of a new era in the bilateral relationship, the report asserts that given the right conditions, merchandise trade could rise to US$320 bn by 2018, an eight-time increase from US$42 billion in 2007-08.
The CII report points out that although US has been India's largest partner for trade, investment and technology since India's independence, the two countries must now work towards strengthening commercial ties.
A new vision for platform-jump in economic engagement between India and US would include shift from high-technology trade to frontier technology, trade in goods and services, and investments as well as collaboration on clean energy and climate change, including nuclear energy, knowledge sectors, education and research, building infrastructure in India, and healthcare.
India intends to import 24 reactors in the next 11-15 years, and could create as many as 20,000 new jobs directly and indirectly in USA from nuclear trade. For stepping up technology interface, the report recommends regulatory capacity building, improving the business environment, examining non-tariff barriers, and greater cooperation in defense trade.
For further details visit as : www.indiainfoline.com/news/innernews.asp?storyId=105492&lmn=1
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