U.S. to Invest $1Trillion in India in 2012

By siliconindia   |   Saturday, 24 December 2011, 00:11 IST   |    2 Comments
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U.S. to Invest $1Trillion in India in 2012
Bangalore: Nirupama Roa, Indian Ambassador to the U.S. announced that United States is planning to invest about one trillion dollars in Indian infrastructure development. To discuss further about the investments and strategies, the U.S. Commerce Minister will visit India By March, 2012. During the trade meeting, U.S. will discuss about the Green revolution, use of U.S. expertise to improve agricultural products and rural income will be the main agenda of the forum. Taking the discussion to the next level will be the usage of space technology to predict monsoons and how to make the life of Indian farmers hassle free by narrowing the gap between the farmer and the main market. In terms of trade, both the countries have shared a good relation which has resulted in many business contracts in every sector especially the imports and exports. India's exports to U.S. doubled and U.S. exports to India have increased by three times. "The political engagement between India and the U.S. has strengthened significantly and the strategic understanding has deepened. The partnership is multi-faceted and it extends to all activities that touch all aspects of the human endeavour -- from education, health, agriculture to our concerns in peace, security and human dignity. A strategic dialogue was established between the two countries in 2009 and has identified five principal areas for co-operation," Nirupama said. "The two countries are also working together to have a stable economy in Africa and Afghanistan. A global disease detachment centre is planned as part of health cooperation. We will also focus on women's empowerment and combating maritime piracy. Indo-Pacific maritime trade cooperation will be beneficial for both the countries," she said as quoted by TOI.