SME Times is powered by   
Search News
Just in:   • Huge quake rocks Nepal, tremors shake north India  • Infosys aims to become $20 bn co by 2020  • Siemens India's pre-tax profit increases  • TRS chief vows to achieve 'golden Telangana'  • 'Digital technologies empower individuals' 
Last updated: 27 Sep, 2014  

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

India.US.9.jpg
   Top Stories
» '2017-18 fiscal deficit target of 3 pc a challenge'
» Uniform rule for all players key to net neutrality: India Inc
» FM holds meet to recast new tax return forms
» Foreign exchange reserves at record high of $343 bn
» RBI modifies priority sector lending norms
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
63.00
62.00
UK Pound
94.20
92.10
Euro
68.20
66.50
Japanese Yen 52.55 51.35
As on 26 Apr, 2015
  Daily Poll
Do you agree that Jaitley's Union Budget 2015-16 has neglected the SME sector?
 Yes
 No
 Partially Agreed
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» Exports must for economic growth(4)
» MUDRA Bank: 5.77 cr SMEs to be provided easy finance(3)
» Govt. approves subsidy for 2,221 cold storages(3)
» MSME schemes - Do you know all of them?(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter