Business Daily from THE HINDU group of publications
Saturday, Nov 18, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Foreign Trade
States - West Bengal
US trade teams to visit Kolkata

Our Bureau

Cos watching developments in IT sector

Kolkata , Nov. 17

In December and January, several US businessmen will be visiting Kolkata to explore opportunities here, according to Ms Aileen Crowe Nandi, Principal Commercial Officer of US Consulate General, Kolkata.

Addressing members of the Calcutta Chamber of Commerce here on Friday, Ms Nandi said between Janaury 18 and 20, 2007, International Scrap Recycling Institute Trade Mission comprising 25 members would visit Kolkata and Durgapur.

Also, between November 28 and December 5 the largest trade mission, comprising 200 members and organised by the US Department of Commerce would be visiting India and three of the members of the mission would be visiting Kolkata.

Later talking to newspersons, she said that developments in West Bengal were being keenly watched by trade and industry, particularly the small and medium segments, in the US. The labour issue continued to be a major source of concern.

It remained to be seen whether the formation of trade union would disrupt normal operation in the IT sector, she said, adding that the strike called on December 14 therefore was important.

Ms Nandi pointed out that the West Bengal Chief Minister's visit to the US, likely to take place some time in the fall next year, would help clear many misconceptions. The India-US bilateral merchandise trade, according to her, was expected to post an estimated 20 per cent growth in 2006 over the last year's $26.77 billion. The US merchandise exports to India in 2005 amounted to $7.96 billion, registering a growth of 30.3 per cent over 2004, and US merchandise imports from India during the same year registered 20.8 per cent growth at $18.81 billion. During the period from 2003 to 2006, the bilateral trade will have increased by 77 per cent.

Mr Rakesh Surampudi, Political & and Economic Officer of US Consulate General, Kolkata, had earlier said that in the past the general view of West Bengal was that it was a difficult place to implement reform. However, the change was now occurring here as the West Bengal Government was welcoming foreign investment, taking initiatives to promote growth and showing willingness to adapt labour laws to special circumstances of the IT industry and to close loss-making public enterprises.

"That is the message that all of us must continue to communicate to our American partners and we must encourage the Government here to deliver that message as well," he observed.

More Stories on : Foreign Trade | West Bengal

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



Stories in this Section
Pact for funding infrastructure projects in TN


Centre finalising Act to regulate street hawking, says Minister
Sporty raffle
Cement sector remains positive
9 new Indian billionaires in Forbes' list
A rice variety that can earn carbon credits!
Higher fertiliser, wheat imports cause problems at Vizag
Kamal Nath hopeful of resolving EU issue
US trade teams to visit Kolkata
Kerala to form company for infrastructure
Kinfra plans food processing SEZ in Malappuram
India to re-negotiate gas price with Iran
MRPL: No discounts on LPG, kerosene
Foreign offshore ships to face tighter entry norms
Reliance, Videocon sign separate pacts in Timor
BP signs production sharing deal for coal bed methane block
Indo-US nuke deal: Final legislation awaited
Over 60,000 corporate tax returns e-filed
Texprocil signs pact with Uzbekistan
Symantec to reach out to SMEs via channel partners
Vendor development programme
Adobe India chief's kidnapped son rescued
TRAI gets response from 10 stakeholders
B-school students to visit Pak
PG course in nuclear engg
Stress on communication skills
Varsity in pact with San Diego B-school
Quality can't be sacrificed for quantity: Rangarajan
Managing management education
Malayalam Web site on education
`Globalisation offers scope for students to tap biz avenues'
Power sector to gain
`Economics is a fascinating discipline'
Vietnam, Pennsylvania woo Indian investors
New tourism policy on the anvil in Karnataka


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

Copyright 2006, 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