Dear Reader,

Dear Reader,
Greetings. The last 12 months have been remarkable in terms of concrete results achieved by both India and the United States in forging their strategic partnership further. Mechanisms have been put in place to power the pace of implementation of various agreements signed by the two countries. These pacts covered a vast range of subjects of mutual interest. They span industries and services, trade and commerce, science and technology, research and development, agriculture and aerospace. The cover story of Indo-US Business is a review of developments that have occurred since July 18, 2005, when Indian Prime Minister Manmohan Singh and US President George Bush issued a historic document redefining the relationship between the two countries and laid the groundwork for fostering it further in the years to come. The cover story details the developments that have taken place in the fields of trade, the action plan drawn up by the India-US CEO Forum and clearance of the India-US deal on civilian nuclear energy. The Focus of the magazine is on trade developments.
The US-India Trade Policy Forum (TPF) held its discussions in Washington DC recently, where India's Minister for Commerce and Industry Kamal Nath and US Trade Representative Susan C. Schwab initiated steps to further boost the two-way trade with the goal of doubling it in three years. Kamal Nath also launched an organization comprising 51 corporations called India Business Forum in New York and suggested the setting-up of a Trade Promotion Council in the US. We carry a report. The Indo-US agreement on Agriculture Knowledge Initiative (AKI) is a remarkable achievement, aimed at taking crop research wok from universities to the fields for application. The AKI's governing board met in Washington DC recently where Indian Agriculture Minister Sharad Pawar stated that the new Indo-US initiative will help India achieve its Second Green Revolution. The issue carries a report. There is also a report on the agreement between Indian Space Research Organization (ISRO) and the National Aeronautics and Space Administration (NASA) of the US on inclusion of two US Scientific instruments on board India's first mission to Moon, Chandrayaan-1. India is one country, which has managed its economy well. Reserve Bank of India Governor Y.V. Reddy has recently delivered an address at the United Nations in New York on the theme of global fiscal Imbalances from Indian perspective. He argues that there is evidence that the policies followed by India have not in any way contributed to the widening of the current global fiscal imbalances. We carry a report. In a special section on tourism, we present West Bengal, which has geared up to offer the best of its destinations to both foreign and domestic tourists. There is news from different branches of the
Indo-American Chamber of Commerce (IACC) on various activities aimed at promoting Indo-US bilateral trade.

Wish you happy reading

Satya Swaroop
Managing Editor
satya@newmediacomm.biz