Dear Reader,

Greetings. United States President George Bush's recent visit to India and his extensive talks with Prime Minister Manmohan Singh have redefined the dynamics of relationship between the two countries. The Joint Statement issued by President Bush and Prime Minister Singh is all encompassing in its realm, touching every aspect of collaboration between the two countries in the economic, political, educational and cultural fields. The civilian nuclear pact signed by the two leaders is a daring and path-breaking development that can meet India's long-term energy needs and propel the country's economic growth. Prime Minister Singh praised the bold stand taken by President Bush on the issue of Outsourcing, which, he said, helped cement the relations between the two countries. President Bush said the bilateral relations could be further strengthened through free and fair trade. He also reiterated the US stand against protectionism. The current issue of Indo-US Business highlights in its cover story, the enormous significance of the American President's visit and its aftermath in separate reports. The two leaders, while boosting cooperation at the highest level of their respective governments, reposed enormous confidence in the US-India CEO's Forum, set up by them during Prime Minister Singh's visit to the US in July 2005. The Forum, comprising the heads of corporate giants from both countries, has submitted a detailed report, identifying major areas of cooperation and recommending action in as many as 15 business sectors, that could open vast vistas of opportunities for the people of the two countries. The current issue's focus is on the CEO Forum's report, which we carry in detail. The health of the US economy has global ramifications. The recently released figures reveal that the American economy is on the upswing, sustaining a steady growth. In fact, more than five million jobs have been created in the US since August 2003. We carry a report. Energy is one crucial segment of the US economy on which the Bush administration has concentrated much of its efforts so that the country could achieve self-reliance. President Bush has recently announced a four-pronged strategy to ensure energy security for America. The issue carries a detailed report. India's Minister of Commerce and Industry Kamal Nath has recently announced the country's Foreign Trade Policy for the current year (2006-07), offering incentives to export-oriented industries that could provide jobs to the youth in rural areas. We carry a detailed report. One of the significant features of the current issue is the coverage of activities of the Indo-American Chamber of Commerce (IACC), the apex organization, which is dedicated to the promotion of Indo-US bilateral trade. IACC (Gujarat) conducted a national Textile Summit, which called for establishing Brand India in global markets. Addressing IACC members, Henry Jardine, US Consul General (Kolkata) stressed the significance of stepping up foreign direct investment (FDI) in retail trade, which could provide a large number of jobs besides benefiting the consumers.
Wish you happy reading

 

Satya Swaroop
Managing Editor
satya@newmediacomm.biz