SME Times is powered by   
Search News
Just in:   • For first time, India to host global meet on cyber space  • SMEs should adopt GST with certain precautions: Kapil Nayyar  • Actively working towards clean political funding: FM  • Inaugural Hong Kong Sports and Leisure Expo opens on Friday  • 'Undisclosed income of over Rs 5,400 cr detected after demonetisation' 
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 may alter tax rates on textiles, hybrid cars'
» No shortage of cotton/ yarn in country: Govt
» 'African countries offer tremendous business opportunities'
» 'Nexus Incubator' awarded graduation to 10 Indian startups
» Jan-Dec financial year under Govt consideration: FM
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
65.65
63.95
UK Pound
85.35
82.50
Euro
74.65
72.25
Japanese Yen 58.30 56.35
As on 23 Jul, 2017
  Daily Poll
Would you like to go for the Digital MSME scheme?
 Yes
 No
 Can't say
  Commented Stories
» Co-origination model: A new approach to MSME credit(12)
» Starting an import export business: Basic guide for beginners(6)
» Digital MSME scheme: Cloud made easier(5)
» RBI for PCR, says will address credit issue of MSMEs, startups(2)
» PSU banks interested in lending to SMEs: CoinTribe(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter