HindustanTimes Sat,30 Aug 2014

Obama has robust plans for India trade

IANS  Washington, May 13, 2011
First Published: 23:02 IST(13/5/2011) | Last Updated: 23:05 IST(13/5/2011)

US President Barack Obama has a “robust agenda” to boost Indo-US trade because he believes it creates jobs in America and adds to its overall economic growth, the White House said on Thursday.


Obama believes that “with the right approach, it (trade) creates high-paying, sustainable jobs in the US and adds to our overall economic growth,” press secretary Jay Carney told reporters when asked about the follow-up of Obama’s November visit to India focused on business.

But "I don't have anything specifically new for you on US-Indian trade,” he said declining to reveal “the content of the conversation” with Prime Minister Manmohan Singh when Obama called him this week to discuss “the successful American action against Osama bin Laden.”

Meanwhile, the White House on Thursday unveiled a long-delayed legislative proposal for cybersecurity that, among other things, calls on industries critical to the nation's economy and security to create plans for securing their computer systems.


more from Business

Sun-Ranbaxy deal: CCI raises concerns about molecules mkt

The Competition Commission, which has put the multi-billion dollar Sun-Ranbaxy deal for public scrutiny, said on Friday the major issue is whether the combination would result in high market concentration of certain molecules.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved