'Obama, India Inc meet to be between equals'

AGENCIES

Mumbai, Nov 5: When US President Barack Obama and the business delegation accompanying him interact with captains of Indian industry here tomorrow, a key differentiator from the past would be that it will be a meeting between equals.
 In a short span of two decades since the country’s economy opened up, Indian businesses have come a long way, using the very hallmarks of American capitalism--free trade and innovation--to grow into multi-billion dollar corporations with global footprint.
 Industry body FICCI’s President, Rajan Bharti Mittal, cited some numbers to prove this point. In the last 10-years, American companies have invested USD 11 billion here while the in the last four-years alone, including the two years of global financial meltdown, Indian companies have invested USD 5 billion in the US, he said.

Lastupdate on : Fri, 5 Nov 2010 21:30:00 Makkah time
Lastupdate on : Fri, 5 Nov 2010 18:30:00 GMT
Lastupdate on : Sat, 6 Nov 2010 00:00:00 IST



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