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American business' role vital to Indo-US strategic partnership: PM | The Prime Minister, Dr. Manmohan Singh, on Monday said that American business has played a vital role in transforming the Indo-US relationship into a strategic partnership. Addressing the US-India Business Council (USIBC), the
premier business advocacy organization representing America's top companies investing
in India, joined by global Indian companies promoting economic reforms with an
aim to deepen trade and strengthen commercial ties, Dr. Singh said: "Both our
governments attach a high importance to the role of the private sector. President
Barack Obama and I have reconstituted the Indo-US CEO's Forum with Mr. David Cote
and Mr. Ratan Tata as co-chairs. "The forum will provide a platform where representative
of our private sectors can submit joint recommendations to the two governments
on ways of enhancing private sector cooperation between our countries," Dr. Singh
added. "American business has played a vital role in transforming the Indo-US
relationship into what can today be called a strategic partnership between the
world's oldest democracy and world's largest. I thank all those here who have
contributed to this process," he said. "I invite you to stay integrated as we
transform India from low income country into a vibrant market of over a billion
people with steadily growing purchasing power," the Indian Prime Minister added.
Chairman of USIBC Indra K. Nooyi and president of the US Chambers of Commerce
Tom Donohue along with business leaders of both the countries were present on
the occasion. |
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