Financial Daily from THE HINDU group of publications
Wednesday, Nov 09, 2005


Group Sites

Industry & Economy - Foreign Trade
Marketing - Retailing

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

Our Bureau

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.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Tata Safari Dicor

Stories in this Section
On the job

Shear zone gets 2nd engine sputtering to life again
Battering ram
Mega chemical complex to come up in Vizag
Capital goods drive import growth — April-Aug numbers reflect brisk economic activity
`Third World cities must position citizen at centre of public policy'
`Maharashtra can achieve 12 pc growth rate'
Validity of E&Y, PwC reports for carbon trading questioned
`India, US must work together' — US waiting for opening up of retail sector
Bengal urges Vietnam to import tea, leather
YSR moots reforms in health sector
`Some States not participating in infrastructure development'
TDB suspends Ecosmart work on Sabarimala
Minister for continuation of KIOCL
Oil marketing cos may get bonds worth Rs 15,400 cr
AP: Girijan co-op societies exempted from VAT
`Handmade match units are becoming sick'
Trend Micro's security tools for SMEs
FMCG cos up adspends to cash in on resurgent growth
Park Street taking shape in Pune
US-China textile pact may not affect India: Exporters
Meet on women in Delhi
China cancels contracts to import soyameal from India — Industry hopes to renegotiate deal
Exporters revert to dollar invoices as euro weakens
Uravu signs pact with Exim Bank for bamboo craft exports
State signs pact for Rs 2,000-cr tourism project in Vizag

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line