Financial Daily from THE HINDU group of publications
Friday, Oct 10, 2003
Financial Daily from THE HINDU group of publications Friday, Oct 10, 2003 |
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Industry & Economy
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Foreign Trade `Active Indo-US collaborations in tech needed' Our Bureau
New Delhi , Oct. 9 INDIA and the US need to actively collaborate in technological activities, according to Mr Monty Ahuja, Chairman, India Ohio Chamber of Commerce, USA. Speaking at a roundtable on `Business climate in USA— Opportunities for India,' organised by the PHD Chamber of Commerce and Industry, Mr Ahuja pointed out that the world business environment revolves around technology, which has been changing rapidly with the emergence of a new world economic order. The emerging new order is based on the benefits of competition and cooperation. India and USA are closer than ever before and the relationship needs to be strengthened further and the US entrepreneurs have to play major role. He said that there is a need to catalyse the process of collaborative mechanism among industry, academia and government as a continual effort in order to develop a multidisciplinary partnership approach among businesses in India and USA. Mr Ahuja said that 60 per cent of all US households lie within 600 miles of Ohio, and more than 50 per cent of the Canadian market is within the same range, which makes Ohio a strategic area of business. Ohio's companies are technology intensive and have a 14 per cent higher concentration of technology operations as compared to USA as a nation.
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