英语学习网

Study English at Home

首页 | 托福(TOEFL) | 雅思(IELTS) | GMAT | GRE | 签证/留学/移民 | 工作求职 | 英语资料 | 英语作文 | 英语考试 | 英语听力 | 英语口语
当前位置:首页 > 英语资料 > 正文
India, US aim to boost economic cooperation
文章来源: 文章作者: 发布时间:2006-05-23 字体: [ ]

 

 

 Listen to this story

Economic cooperation was a major topic during the recent visit of President Bush to India, with the United States agreeing to an ambitious three-year target for doubling trade. A delegation of top American business executives also accompanied the president, keen to explore investment opportunities in one of the world's fastest-growing economies.

As the president visited India, U.S. Trade Representative Rob Portman accepted a challenge from his Indian counterpart (Trade Minister Kamal Nath) to push bilateral trade to $50 billion in three instead of five years, as earlier targeted. Bilateral trade stood at over $28 billion last year.

The optimism is based on the growing interest among American businesses in India's vibrant economy.

The head of the financial services company JP Morgan Chase, William Harrison, co-chairs a forum of 20 major American and Indian companies that is outlining a plan to boost commercial collaboration.

Harrison says U.S.-based multinationals see India as an important destination as it catches up with the other booming economy in the region - China. "You can't be a global CEO (Chief Executive Officer) today, doing your job and not really focusing on how you can do business in India. You just can't be. And, by the way, a lot of people love to compare China and India. It is not an 'either-or.' I think for most big multinational companies, you have got to be looking at both of them because they are both right at the top of the list of where you have got to be to do business in the future."

Dozens of U.S. businesses already have a foothold in India. Technology companies Microsoft and Cisco have invested billions of dollars developing research centers in India to use its pool of skilled talent.

Other multinationals are targeting India's 300 million middle-class consumers, who buy Levis jeans, aspire to own a Ford car, and frequent McDonalds and Pizza Hot outlets.

And the American defense industry wants to sell warplanes and high-tech weapons to India as the political relationship between the two nations enters a new phase.

Indian Finance Minister P. Chidambaram told the visiting business executives the country wants more U.S. investment, especially to revamp its overburdened infrastructure. "For the U.S. side it means a great opportunity, an opportunity to invest in India, in our roads, our rail network, or airports and our seaports, to use your acknowledged strengths in the financial sector and invest in our insurance sector and banking sector."

But American businesses say India has to liberalize more rapidly, especially in fast-growing services such as banking, insurance and retail, if U.S. investment there is to reach its potential.

JP Morgan Chase Chairman Harrison identifies other factors that intimidate American businesses thinking of increasing their stake in India. "It is infrastructure first, lack of infrastructure, and secondly the perception, real or not, of the bureaucracy, of doing business here; whether that is getting permits to do business, or is getting licenses; whether it is the delay in the court system to settle contract disputes or whatever it is, there is a perception there that we think [all this] could be facilitated [speeded up]."

The Indian-American business forum has several recommendations for removing obstacles to cooperation. These include speeding up infrastructure development in India, making Bombay a regional hub for the financial operations of U.S. companies, and increasing cooperation between top technical institutes.


↑返回顶部 打印本页 关闭窗口↓
用户名: 新注册) 密码: 匿名评论 [所有评论]
评论内容:(不能超过250字,需审核后才会公布,请自觉遵守互联网相关政策法规。
§最新评论:
推荐文章
·两遍阅读法 顺利通过CET各级考试
·如何顺利通过CET各级考试
·各省市CET广播频率集合
·12月24日CET考试温馨提示
·考试技巧可以助你顺利过CET
·细节决定成败,CET应试技巧助你拿
·赴美申请提前半年ACT、SAT很关键
·解析美国高考SAT 拿满分不是不可
热点文章
·两遍阅读法 顺利通过CET各
·英语大师们谈英语学习成功
·俞敏洪从100套真题中提炼
·阅读技巧加油站
·新东方作文主题预测
·英语历年真题词汇手册(199
·三十五个经典句型 帮你过
·如何顺利通过CET各级考试
英语学习
·两遍阅读法 顺利通过CET各
·五点备战“复合式听写”
·细节决定成败,CET应试技巧
·写作错误与分析
·英语大师们谈英语学习成功
·教育部大学英语分数制与题
·俞敏洪从100套真题中提炼
·阅读技巧加油站
www.0641.com 英语学习网