Dear
Reader,
Greetings. Relations
between India
and the United
States have entered
a 'nuclear phase,'
metaphorically
speaking. The
historic triumph
of Prime Minister
Manmohan Singh's
government in
a Parliamentary
Trust Vote on
22 July, 2008,
on the seemingly
contentious issue
of Indo-US nuclear
deal, has offered
this country an
opportunity to
enter global nuclear
commerce. The
deal will in all
probability be
approved by the
45-member Nuclear
Suppliers Group
(NSG) which has
treated India,
as an untouchable
since the day
the country had
exploded an atom
bomb 34 years
ago. The cover
story of the current
issue of Indo-US
Business looks
at the spin-offs
that will follow
the NSG approval
and its subsequent
clearance by the
US Congress. The
business potential
of these opportunities
for both India
and the US as
well as for several
other countries
is immense as
lucidly explained
by Farokh Balsara,
President, Indo-American
Chamber of Commerce,
in his message
to the readers
of Indo-US Business.
Today, food is
a thriving global
business and India
has a big stake
in it as more
than 60 percent
of the country's
population depends
on agriculture
for livelihood.
Professor Bruce
Chassy, Executive
Director of the
Biotechnological
Centre at the
University of
Illinois, USA,
talks to the Magazine
about what Indian
firms must do
to satisfy foreign
consumers. We
carry the interview.
Maharashtra is
India's most industrialized
state. The contribution
of Maharashtra
Industrial Development
Corporation (MIDC),
which has been
spearheading industrial
growth in the
state, is significant.
MIDC is currently
developing infrastructure
for four Special
Economic Zones
(SEZs) involving
private sector
partnerships.
We carry a detailed
report. Pollution
is an offshoot
of industrial
development. Fully
aware of this
fact, Maharashtra
Pollution Control
Board (MPCB) has
been making efforts
at keeping the
all pervading
pollution - water,
air and noise
- at the minimum
possible levels
across the state.
The issue carries
a report on MPCB
as well as an
interview with
Board's Member-Secretary
Sanjay Khandare.
Madhya Pradesh,
India's centrally
located state,
has been taking
advantage of its
geographical connectivity
in boosting industrial
development. The
state has identified
Information Technology
for additional
thrust and has
accordingly revamped
its IT policy,
which we carry
in full. The Indian
auto component
industry, which
is among the fastest-growing
sectors of the
country, has the
potential to become
a global manufacturing
hub, says a study
by the Export
Import Bank of
India. The issue
carries the report.
West Bengal has
been experiencing
an industrial
resurgence, which
in turn has led
to an upsurge
in real estate
development. The
issue highlights
three success
stories Globysn
Crystal, Bengal
Peerless and Simplex
Infrastructure.
As usual, there
is plenty of news
from various branches
of Indo-American
Chamber of Commerce
besides our regular
features.
Wish you happy
reading
Satya
Swaroop
Managing Editor
satya@newmediacomm.biz
