This Article is From Jun 18, 2009

Now US pitches for 'Boston-Bangalore' like bilateral ties

Now US pitches for 'Boston-Bangalore' like bilateral ties

AP image

Washington:

Pitching for increased economic ties between India and America, US Secretary of State Hillary Clinton has called for "advanced" linkages similar to the existing ones between "Manhattan and Mumbai or Boston and Bangalore".

Speaking at the US-India Business Council's Synergies Summit here, Clinton also asserted that America would help in contributing to the prosperity of the Indian economy.

Interestingly, the statement comes just weeks after President Barack Obama's anti-outsourcing pitch, asking American companies to create more jobs in the US than foreign countries.

Unveiling new proposed tax reforms, Obama had said, "It's a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York."

Terming the blooming partnerships between the two countries as "exciting", Clinton asserted that India's growing economic prowess is recognised the way, the law of gravity is accepted by people.

"We need bilateral cooperation between our governments to catch up with our people-to-people and economic ties.

"We need to make sure that the partnership between Washington and New Delhi, our capitals, will be as advanced and fruitful as the linkages that already exist between
Manhattan and Mumbai, or Boston and Bangalore," Clinton said on Wednesday.

The trade between India and the US is worth over $43 billion and has more than doubled since 2004.

"We are committed to working with India to see India's economy continue to prosper, to create more economic opportunity, rising incomes," she said.

Noting that the word about India has already spread, Clinton said people are aware about the kind of business and investment opportunities in the subcontinent.

"People know what kind of business and investment opportunities are there. India's growing role in the global economy is accepted the way we accept the law of gravity.
And the partnerships that are blooming at all levels of our societies are indeed exciting," she said.

According to Clinton, American views India as one of the few partners worldwide who would help the country in shaping the "21st century".

Referring to apprehensions in the two countries regarding job losses or falling wages, she said India and the US should work out the differences by focusing on shared objectives.

"Some Americans fear that greater prosperity and partnership with India will mean lost jobs or falling wages here in the United States. Some Indians believe that closer cooperation with us runs counter to their nations very strong tradition of independence.

"... as the oldest and largest democracies in the world, we should work through any issues in our relationship and differences in our perspective by focusing on shared objectives and concrete results," she pointed out.

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