United States' Ambassador to India David C Mulford on Wednesday said that the liberal economic policy of India has broadened the prospects for global entrepreneurs.
He said this while speaking at a business summit of American Chamber of Commerce (AMCHAM) held in the Capital today.
"India's economic transformation promises opportunities not just in the usual sector of liberalising economy- such as telecom- but also unleashes unconventional ways that the globalising companies are beginning to recognize. FDI (Foreign Direct Investment), the manifestation of business that you make is experiencing a break out year in India right now," said Mulford.
Union Minister for Information and Technology (IT), and Telecommunication Dayanidhi Maran in his address said that AMCHAM would be helpful for Indian Small and Medium Enterprises (SMEs) in exchanging technological know-how from foreign companies.
"AMCHAM has an important role to play in bringing SMEs from the US in India and facilitate them in establishing their units. Other models of collaboration will be useful, whereas the AMCHAM may facilitate centralized purchase of technical know-how from Singapore and US based companies and transfer the same in large number of SMEs in India," Maran said.
A Memorandum of Understanding (MoU) was signed between the two countries during the two-day Business Summit on Emerging India- Opportunities for SMEs.
With its contribution of over 400 million dollars through FDI, the United States is the largest foreign investor in India.
782 govt accommodations under unauthorised occupation
Publish Date : 3/3/2007 7:26:00 AM
As many as 782 government accommodations are under unauthorised occupation, Minister of State for Urban Development Ajay Maken told Lok Sabha today.
Drive against illegal hoardings from mar 5
Publish Date : 3/3/2007 7:24:00 AM
The district administration would start removing from March 5, illegal hoardings, installed without proper permission and which distract public attention and obstruct traffic, district collector Dr Neeraj Mittal said today.
75,000 houses need to be developed in Delhi every year
Publish Date : 3/3/2007 7:17:00 AM
At least 75,000 houses will have to be built in the capital every year in addition to redevelopment of existing areas to meet the growing housing needs, according to the new Master Plan for Delhi (MPD).
No plans to trim retail fuel prices: Deora
Publish Date : 3/3/2007 7:08:00 AM
Petroleum and Natural Gas Minister, Murli Deora said on Friday there were no plans to cut prices of petrol and diesel after a cut in duty on fuels announced in this week's annual budget.
FM asks India Inc to hold price line
Publish Date : 3/2/2007 7:13:00 AM
Finance Minister P Chidambaram today asked the industry to hold the price line to help in curbing rising inflation and cooperate with the government in putting agriculture and rural India on high growth path....
Cabinet okays Bill to amend Motor Vehicles Act 1988
Publish Date : 3/2/2007 7:10:00 AM
The government today approved introduction of a Bill in the Parliament to amend the Motor Vehicles Act 1988 to enhance safety in public transport and strengthen the enforcement of safety related provisions.
Heavy rainfall likely to hit potato crop: futures price rises
Publish Date : 3/2/2007 7:10:00 AM
Rainfall in major potato production state Uttar Pradesh and some parts of northern India may hit the crop's production ahead of harvesting season even as it led to an upward rally in futures prices at both the NCDEX and MCX.
18 dead in Sri Lankan aerial raids
Publish Date : 3/2/2007 7:08:00 AM
Continuing its offensive against Tamil rebels, Sri Lankan jets today bombed suspected LTTE positions in the island's northeast, killing 18 people.
Production warrant issued for Delhi ACP in Shramjeevi case
Publish Date : 3/1/2007 8:40:00 AM
A local court today issued a warrant for a Delhi Police ACP to appear before it on March 8 in connection with the Shramjeevi Express blasts case in which 17 people were and over 50 injured in 2005.
Demolition in busy INA market
Publish Date : 3/1/2007 8:38:00 AM
Amid heavy security, bulldozers rolled out in south Delhi's busy INA market today demolishing 47 shops built on public land.
Total Results : 188
More News (Opens in New Window) : [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next Page
|