FICCI congratulates Prime Minister Modi on his successful visit to the United States
Author(s): City Air NewsNew Delhi, June 27, 2017: FICCI congratulates Prime Minister Shri Narendra Modi on his successful visit to United States and his first meeting with US President Mr.Donald Trump. FICCI President Mr Pankaj Patel said...
cityairnews
Jun 27, 2017 04:30
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New Delhi, June 27, 2017: FICCI congratulates Prime Minister Shri Narendra Modi on his successful visit to United States and his first meeting with US President Mr.Donald Trump.
FICCI President Mr Pankaj Patel said “We are glad that the confidence in the US- India partnership is reinstated during his meetings with President Donald Trump and there is commitment to intensify the economic cooperation as well as advance the principles of free and fair trade. As United States continues to recognise India as a Major Defense and Energy Partner, the two countries will work together to leveraging new opportunities for collaboration in these sectors.”
On the occasion of the visit of Prime Minister Modi to United States, Federation of Indian Chambers of Commerce and Industry (FICCI) and East-West Center launched a Report ‘India Matters for America/America Matters for India’ at Capitol Hill in Washington. On behalf of FICCI, the report was released by Ms. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group and Chair, Services Council of FICCI. Ms. Reddy highlighted in her remarks, “India Matters report is different from earlier reports (on India -USA engagement) as it goes beyond investment figures.”
The event had Representative Mr. Tulsi Gabbard, Representative Mr. Eliot Engel, Representative Mr. Raja Krishnamoorthi, Representative Mr. Ami Bera and other officials of the U.S. Government, business and academia.
The FICCI-EWC report highlights the upward trajectory and expanding and deepening nature of the US-India partnership in areas such as defense, trade and investment, and education and people-to-people exchanges. Trade between the two countries has increased by nearly 200% since 2005. Defense trade has increased from $1 billion in 2008 to $15 billion today. US exports to India support 260,000 jobs across all 50 states, and 1 million tourists and 166,000 students from India contribute $11.4 billion and $5 billion to the American economy, respectively.”
