SME Times is powered by   
Search News
Just in:   • 'Action will be taken against firecracker imports'  • Hero MotoCorp's August sales up 30 percent  • Apple benefited from illegal tax agreements in Ireland: EU  • Maruti Suzuki recalls 69,555 vehicles  • Reliance Power plans Rs.50,000 crore investment in next phase 
Last updated: 27 Sep, 2014  

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

India.US.9.jpg
   Top Stories
» 'New confidence, new excitement in India-US trade ties'
» Eight core sector growth up by 5.8 pc in August
» Monetary policy will be inflation data-contingent: RBI
» Petrol cheaper by 65 paise a litre
» RBI keeps key interest rates unchanged
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
61.25
60.25
UK Pound
101.85
99.60
Euro
81.50
79.55
Japanese Yen 59.20 57.80
As on 02 Oct, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» Domestic investment must also be a priority(4)
» India's foreign policy - the 'Modi approach'(2)
» Insurers shiver at insurance bill's penalty provisions(2)
» 'Entrepreneurial nature of Indians will deliver sustained 8-9 pc growth'(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter