SME Times is powered by   
Search News
Just in:   • Maruti Suzuki's cumulative exports cross 15 lakh vehicles  • US dollar rises amid Fed official's remarks  • 'Railways will spend 100 pc outlay this fiscal'  • Ali Baba affiliate in China to launch first e-commerce satellite  • Note 2 emits smoke aboard aircraft, Samsung officials summoned 
Last updated: 27 Sep, 2014  

Obama.9.Thmb.jpg Obama's outsourcing worry important for India: FICCI

India.US.9.jpg
   Top Stories
» GST council sets turnover-based exemption limit at Rs.20 lakh
» India signs deal with France to buy 36 Rafale fighter jets
» Marine exports to get benefits under MEIS: Sitharaman
» SEBI allows direct bond market access to foreign investors
» Govt enhances support for exports under MEIS
SME Times News Bureau | 08 Nov, 2012
As US President Barack Obama clinched a second term in office, industry group FICCI Wednesday said Indo-US business and economic ties will find continuity following his re-election but the "single most important point" for India Inc. is Obama's concern on outsourcing.

"I think the India-US strategic relationship and business and economic ties will definitely find continuity here in his re-election," Federation of Indian Chambers of Commerce and Industry (FICCI) president R.V. Kanoria said here.

In his presidential poll campaign, Obama had criticised outsourcing of jobs to countries like India, saying that the US needs to create jobs locally.

"The only area of concern is with regard to his stand on outsourcing. I firmly believe that this is a misplaced fear that outsourcing to India will result in a job loss in the US. There are enough studies to proof that it is quite otherwise," Kanoria said.

Obama defeated his Republican challenger Mitt Romney in a hard-fought election Tuesday.

"On every other aspects that the US wants to invest in India, in terms of the US wanting to develop a strategic relationship with India, in terms of US supporting India in international bodies and in regional initiatives to build a more peaceful region around India and its neighbours, the US has a very, very positive view," Kanoria said.

He added that Obama's view on outsourcing was the single most important point as far as the Indian industry was concerned.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
67.75
66.05
UK Pound
90.25
87.20
Euro
76.55
74.00
Japanese Yen 66.55 64.35
As on 26 Sep, 2016
  Daily Poll
GST will benefit small and medium enterprises (SMEs)
 Yes
 No
 Can't say
  Commented Stories
» Rupee devaluation(9)
» Starting an import export business: Basic guide for beginners(6)
» Furnishing details on data bank compulsory for SMEs: Secy MSME(2)
» Apparel sector skill council affiliates to ATDC(1)
» NPA due to lack of foresight of financial management: FM(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter