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US, India business leaders press for free trade agreement by 2015

Thu, 06/25/2009 - 11:55 by preet_20

Washington, June 25: US and Indian business leaders and policy experts want Washington and New Delhi to reach a broad-based free trade agreement by 2015

"Both governments should devote priority attention on crafting a bilateral free trade mechanism relevant to the advanced technology sectors that is open to the participation of other countries," they said in a new report.

Here are the other key recommendations of the joint task force set up by the Pacific Council on International Policy and the Federation of Indian Chambers of Commerce & Industry (FICCI):

Conclude an Investment Treaty

. Launch formal negotiations on an agreement to regulate the growing bilateral investment relationship.

Reinvigorate the Economic Dialogue

India a natural destination for Hollywood studios: FICCI

Thu, 06/25/2009 - 11:49 by preet_20

Washington, June 25: With a growing middle class, a large English-speaking populace, a booming number of multiplexes and a cinema-obsessed popular culture, India is a natural destination for Hollywood studios, say US and Indian business leaders.

Pointing to the worldwide success of "Slumdog Millionaire" and the release of latest James Bond film, "Quantum of Solace," in India a full week before its American opening, they suggest a fostering of Hollywood-Bollywood connections.

"The United States and India possess the world's largest entertainment and media industries, both in terms of sheer output and global popularity. Yet traditionally neither industry had much interaction with the other or enjoyed success in the other's domestic market," they noted in a new report released Wednesday.

Indian, US business leaders ask Obama to name special envoy for business

Thu, 06/25/2009 - 10:08 by preet_20

Washington, June 25: US and Indian business leaders and policy experts want President Barack Obama to name a high-profile aide to work with New Delhi to define a common vision for economic interaction in the years ahead.

Such an envoy should also prepare the ground for a productive visit to India by Obama, ideally during his expected trip to Asia later this year, the Joint Task Force of business leaders and experts said.

In a report titled "Charting New Frontiers: Enhancing India-US Cooperation in the Global Innovation Economy" released here Wednesday, the task force said the top-level leadership in both countries will be key in driving the US-India economic relationship forward.

US Ex-Im Bank, FICCI to expand trade ties

Wed, 06/24/2009 - 12:09 by preet_20

Washington, June 24: The Export-Import Bank of the United States (Ex-Im Bank) and the Federation of Indian Chambers of Commerce and Industry (FICCI) will work together to expand the trade relationship between the two countries.

Ex-Im Bank Chairman and President Fred P. Hochberg and FICCI Secretary General Dr. Amit Mitra signed the Memorandum of Understanding (MOU) at a ceremony at Ex-Im Bank headquarters Tuesday.

Also attending the event were FICCI President Harsh Pati Singhania and Minister of Commerce at the Indian Embassy in the United States Banashri B. Harrison.

Indian MPs to focus on global issues at Yale

Fri, 06/19/2009 - 19:48 by Inderjit Singh

Washington, June 19 A group of Indian parliamentarians representing various parties Saturday begin the third edition of India-Yale Parliamentary Leadership Programme focusing on global political-economic affairs and the challenges of leadership.

Among the 2009 participants of the programme at the prestigious Yale University are Abhishek Manu Singhvi, national spokesperson of the Congress party, Prakash Javadekar, the official spokesperson of the Bharatiya Janata Party (BJP), and six newly elected members of the Lok Sabha.

100 percent foreign fund in tourism infrastructure urged

Sun, 04/12/2009 - 15:09 by Salinder Kumar

New Delhi, April 12: With merely 18 months left for the 2010 Delhi Commonwealth Games, India needs to allow 100 percent foreign investment in tourism infrastructure projects to boost tourism, says an industry lobby.

According to the Federation of Indian Chambers of Commerce and Industry (FICCI), 100 percent foreign investment in developing tourism infrastructure in India will give a major boost to this sector.

Delhi alone needs 30,000 rooms to cope up for the 2010 Games.

FICCI said the need of the hour was to "invest in the tourism infrastructure, identify hotel sites to be given on long-term leasehold basis, and develop guidelines to ease land prices so that more hotel rooms are available in India, especially in the budget category".

V Raja appointed the chairman of FICCI’s Medical Electronics Forum

Thu, 02/19/2009 - 18:07 by The Money Times...

Bangalore, February 19: Mr. V. Raja, President and CEO, GE Healthcare South Asia & Managing Director, Wipro GE Healthcare has been appointed as the Chairman of the Medical Electronics Forum of the Federation of Indian Chambers of Commerce and Industry (FICCI), an association of Indian business organizations.

In his role as Chairman of the FICCI’s Medical Electronics Forum, Raja will work with FICCI, to promote the medical electronics industry and address issues regarding technology development and manufacturing for this sector.

He will be working closely with various stakeholders including the Government, specialists and doctors, decision makers, ambassadors, High Commissioners & experts from foreign missions in India, experts from UN Organisations, regulatory and other ancillary bodies.

On the occasion of being appointed Chairman, Raja commented, “This is an honour as much as a responsibility. With the intervention of our office bearers and core group members, we will certainly utilise each given opportunity to leverage this forum to become a driving force behind this sunrise sector which is estimated to grow to about $5 billion by 2012.”