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`India, US must work together' — US waiting for opening up of retail sector

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UNITED WE STAND: (From left) Mr Ron Somers, President, US-India Business Council, Mr Tokel L. Petterson, President, Raytheon International, Mr William S. Cohen, former US Secretary of Defence and Chairman and CEO of Cohen Group, and Mr Hari Bhartia, co-Chairman and Managing Director, Jubilant Organosys Ltd, at a luncheon session with the US-India Business Council Delegation, in the Capital on Tuesday. — Kamal Narang

New Delhi , Nov. 8

INDIA and the US will have to collaborate and cooperate with each other and avoid mutual suspicions and mistrust in their own interest, according to Mr William S. Cohen, former US Secretary of Defence and Chairman and Chief Executive Officer, Cohen Group, at a session with the US India Business Council (USIBC) Delegation organised by the Confederation of Indian Industry.

"The challenge before us today is how to collaborate and cooperate with each other to face common dangers and challenges that are erupting all over the world. It is all the more necessary for our two countries to come together because we share the same ideology," he said.

Mr Cohen lauded the efforts of the USIBC to bring business representatives from both countries together, and said that this was only the first step and there were many more to come. "The challenge is how do we fuse our talents to preserve all that we hold dear," he said.

He pointed out that 80,000 Indian students were studying in the US, the largest from any country and this proved the importance of ties between the two countries.

Earlier, Mr Ron Somers, President, USIBC, said that in many fields India and the US could collaborate, including biotechnology, research and development, pharmaceuticals, telecommunication and IT. He said that the US was now waiting for the opening up of the retail sector so that a chain of markets could be opened up in India to reach all parts of the country. These steps would lead to an opening up of new alignments and opportunities for co-operation for the two countries.

Mr Torkel L. Patterson, President, Raytheon International, said that it had become imperative to include India in the Security Council and this was a time that India and the US should look forward to sharing their knowledge.

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