Dear Members of the Media,
Kindly carry the appended press release in your esteemed newspaper. Regards, N Venugopal Adviser CII Goa State Confederation of Indian Industry ======================= CII PRESS RELEASE India US Business Ties Will Shape Global Destiny: Adi Godrej, President Designate, CII "India US economic cooperation will shape the economic destiny of the 21st century. From $5 billion in 1990 it has reached $100 billion now with potential to grow further," said Mr. Adi Godrej, President Designate CII in an exclusive interaction organized by the Confederation of Indian Industry (CII) and US India Business Council. Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India addressed the captains of India-US business. Doing this, Mr. Godrej believes, would require a lot of mutual work. "The most important thing required to achieve this is to create an environment that is investment friendly for businesses in both the countries to invest in each others markets. If we start from there, we will cross that figure." Mr. Godrej emphasised investment in infrastructure. "Infrastructure remains a mega-opportunity for US companies to engage in India's development plans. >From roads, highways and railways to ports and airports, India needs capacity building at every level. A $1 trillion spend is estimated for infrastructure development under the 12th Five Year Plan and about 30% is expected to come from the private sector," he said. "Bolstering international cooperation among the Small and Mid-sized Enterprises. Policy reform in the financing arena, technology transfer, sharing best practices, and clustering are some avenues through which collaboration among US and Indian SMEs can be accelerated," Mr. Godrej added. Photo Caption: CII Photo 1 * Mr Ron Somers, President, USIBC * Mr. Harold "Terry" McGraw III, Chairman, USIBC and Chairman & CEO, McGraw-Hill Companies * Mr. Adi B Godrej, President Designate, CII and Chairman, Godrej Group * Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India Are addressing at CII - USIBC Leadership Exclusive interactive Session : BUSINESS LEADING THE WAY: Building Momentum, Overcoming Uncertainty in the City today. CII Photo 1 * Mr Ron Somers, President, USIBC * Mr. Harold "Terry" McGraw III, Chairman, USIBC and Chairman & CEO, McGraw-Hill Companies * Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India * Mr. Adi B Godrej, President Designate, CII and Chairman, Godrej Group Are addressing at CII - USIBC Leadership Exclusive interactive Session : BUSINESS LEADING THE WAY: Building Momentum, Overcoming Uncertainty in the City today. CII - USIBC Leadership exclusive interactive session was attended by Captains of Indian Industry and focused on accelerating the infrastructure build-out in India, addressing skilled labor issues between the two countries, fostering innovation, and sustaining momentum in U.S. - India strategic cooperation. ---------------------------------------------------------------------------- -------------------------- Disclaimer This message, including any files transmitted with it, is for the sole use of the intended recipient and may contain information that is confidential, legally privileged or exempt from disclosure under applicable law. If you are not the intended recipient, please note that any unauthorized use, review, storage, disclosure or distribution of this message and/or its contents in any form is strictly prohibited. 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