Dear
Reader,
Greetings. Economic
relations between
India and the
United States
have been scaling
a new high and
finding a new
meaning with the
annual Indo-US
Economic Summit,
held in New Delhi
in September every
year. In fact,
the Summit, organized
by Indo-American
Chamber of Commerce
(IACC), has been
setting an agenda
as well as follow-up
action for the
business communities
and governments
of both countries
year after year.
The theme of the
4th Summit this
year was “Building
Strong Partnerships,”
which called for
further strengthening
of bilateral relations
and trade in a
vast range of
fields. Rightly,
the emphasis at
this year's event
was laid on collaboration
in agriculture
and food processing
industry, involving
the setting up
of mega food parks
and retail food
malls across the
country. Other
areas identified
included medical
and healthcare,
civil aviation
and aerospace
and manufacturing,
The current issue
of Indo-US Business
gives a detailed
picture of the
Summit in its
cover story. The
month of September
also saw the launch
of a unique index
by IACC to measure
and judge the
business confidence
that exists between
India and the
United States.
The Index, designed
and developed
by ICRA Management
Consulting Services
(IMaCS) reflects
the growth of
Indo-US economic
and business relations
and captures the
sentiments and
perceptions of
the business communities
of the two countries.
The index is based
on an extensive
analysis of Indo-US
economic, financial
and business data
spanning 10 years,
and on a business
perception survey
amongst all stakeholders.
The index has
been named as
the IACC-IMaCS
Indo-US Business
Confidence Index
or IIBCI in short.
We carry a detailed
report. West Bengal
has been on a
fast growth track
and its progress
has been remarkable
in recent years.
Sabyasachi Sen,
the state's Principal
Secretary, Industry
and Commerce,
talks about the
economic resurgence
of West Bengal
in an interview.
The undeniable
truth is that
West Bengal has
been passing through
an amazing phase
of transformation,
despite criticism
from some quarters
about the Left
Front government's
pro-active economic
initiatives, especially
its stand on industrialization.
Emergency Services
Minister Pratim
Chatterjee, who
is also a veteran
party man, gives
a clear picture
of the Bengal
scenario in a
face-to-face talk.
We also carry
a write-up on
real estate boom
in West Bengal,
spurred by the
IT and ITES sector
and overall industrialization
of the state.
Then there is
plenty of chamber
news from across
the country plus
other regular
features. We take
this opportunity
to wish the readers
a happy and prosperous
New Year.
Wish
you happy reading
Satya
Swaroop
Managing Editor
satya@newmediacomm.biz
