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India emerging viable partner of US: Tata

The association between India and the United States is "very dear to me", the business tycoon said.

india Updated: Jun 23, 2006 12:05 IST

Noting that India is emerging as a "viable" partner of the United States, Tata Group Chairman Ratan Tata has said the two countries can work together as they have no fundamental differences.

The business tycoon was speaking at the Leadership Summit of the United States India Business Council (USIBC) on Thursday night where the Tata Group of Companies bagged the Leadership Award for being "India's Most Respected Multinational Business Conglomerate".

The association between India and the United States is "very dear to me", he said, adding that his passion was to "see our two countries come together" and in a context of putting away decades of mistrust and suspicions.

Tata stressed that that the Indian industry "does not need to be afraid or apprehensive about free market and that India was emerging as a viable partner to the United States."

Referring to the opportunities that have come by way of some of the landmark agreements that have been signed by the two countries, he said, "it is a conviction that the United States and India can work together as there were no fundamental differences or different agendas".

In his welcoming remarks, the President of the USIBC Ron Summers said that the bilateral relationship has a "very extraordinary bright future" with this month being a "defining moment", a reference to the mark-up or the fine-tuning of the legislation in US Congress to implement the Indo-US civil nuclear deal.