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Latest updates: February 3,
2012
News Updates on India and United States Relations
Indian ideas power US business innovations
The Economic Times, February 1, 2012
After lagging for years, India has now taken a lead in the business of ideas. Over 50% of total patents filed for industrial innovations in the US have Indian brains behind them, says a study by Indian Institute of Management , Ahmedabad (IIM-A ).
In favor of quick BIT with India: US
The Economic Times, January 24, 2012
While in favor of concluding negotiations with India on a bilateral investment treaty as quickly as possible, the Obama Administration on Tuesday said it may take some time as the two countries navigate through some of the complicated issues associated with the pact.
U.S. lawmakers urge Obama to expedite BIT with India
The Hindu, January 13, 2012
Co-Chair of the U.S. Senate's India Caucus Senator Mark R. Warner said that they were pushing the Obama administration to expedite the signing of a Bilateral Investment Treaty (BIT) with India to protect investors from both countries.
India's Single-Brand Liberalization will Promote Investment, Create Jobs
MarketWatch, January 11, 2012
U.S.-India Business Council (USIBC) today welcomed the Government of India Press Note finalizing the 100% opening of foreign direct investment (FDI) in single-brand retail. This policy will be a win-win for Indian consumers and companies, as well as global retailers. India's growing population of consumers, including 300 million individuals identified as 'middle-class' with a purchasing parity equivalent of $30,000/year, are seeking access to world-class products offered by foreign single-brand retailers, the arrival of which will encourage a competitive environment to stimulate Indian manufacturers and retailers.
US investing in long-term strategic partnership with India
Hindustan Times, January 7, 2012
The United States is investing in long-term strategic partnership with India, the Pentagon today said in a new defence strategic document which puts Asia on a bigger priority and identifies China as a security threat.
Wal-Mart Waits With Carrefour as India Wins Instant Gain: Retail
Bloomberg, December 1, 2011
Wal-Mart Stores Inc. (WMT) and Carrefour SA (CA) waited seven years for access to India's $400 billion retail market. They may have to wait almost as long to make a profit in the world's second most populous nation.
Most foreign born tech graduates are from India: US Census
FirstPost India, November 19, 2011
Indians account for nearly one-fourth of the total foreign born residents with degrees in computers, mathematics and statistics, latest figures released by the Census Bureau say.
US state of Virginia seeks Indian investment in IT, energy
The Economic Times, November 16, 2011
Soliciting Indians investment in plastics, information technology, energy and advance manufacturing sectors, the US state of Virginia has announced cash incentives to enterprises instead of tax benefits, a top official said here Wednesday.
US eyeing India's infrastructure opportunities, wants bilateral investment treaty
The Hindu Business Line, November 16, 2011
With an eye on the huge business opportunities in building India's infrastructure, the US wants a bilateral investment treaty with India.
'Frank Wisner suggested US-India ovecome challenges to check China
The Economic Times, November 8, 2011
The next big idea that the US and India should work on is a free trade agreement, suggested former US ambassador to India, Frank Wisner, overcoming their respective domestic political and economic challenges. He also suggested that India and the US work out a role for each other in Asia, ensuring that no one country has hegemony in the region, a clear reference to China seeking a larger world power role.
US India's largest partner in military training'
U.S. India Express, November 3, 2011
With defence relations between the two countries on the upswing, the US has emerged as the largest military training partner for India and there have been as many as 56 'cooperative events' between the armed forces of both countries in the past year, a new Pentagon report has said.
India will grow in strategic importance, says US
The Economic Times, November 2, 2011
Describing India-US ties as a priority for Washington, the Pentagon expects India's importance to US interests to grow as India increasingly assumes leadership roles as a major regional and emerging global power.
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