Doval meets his US counterpart, discusses global issues
The Dollar Business Bureau India’s National Security Advisor (NSA) Ajit Doval, who arrived in the US on Monday, has met Gen (retd) Michael Flynn, Donald Trumps’ NSA designate and is believed that they have discussions on a wide range of issues related to regional and global strategic and explored ways to enhance Indo-US relations. During the meeting, the US president elect NSA designate is believed to have expressed 'high respect' for India’s leadership and growth of India in the modern times, according to Indian embassy sources. It is understood that Flynn has spoken to India’s NSA over phone few days back, during which he has extended an invitation to Doval to visit US for a discussion. This was the first meeting between the two ...
USAID announces 5 new partnerships in India
The Dollar Business Bureau The Indo-US cooperation is in a new phase, with US agency USAID announcing 5 new partnerships that would enhance the cooperation that US intends to help India in the field of renewable energy (RE). These 5 new partnerships are in the fields of climate change, clean energy, and environment. The transition is aimed to usher in a low-emission and energy-secure India. Of the 5 new partnerships announced by USAID, 4 are with governmental agencies. This was revealed to the media by USAID Assistant Administrator Jonathan Stivers, who said, "USAID welcomes and appreciates this historic opportunity to play a useful role in Indias path forward." Johnathan was in India representing his agency at the second US-India Strategic and Commercial Dialogue. Detailing ...
India-US trade to triple in 10 yrs: US Ambassador
Sharath Chowdary The bilateral trade between the United States and India is going to triple in the next ten years, US Ambassador to India Richard R Verma told The Dollar Business Bureau. He said this after delivering a speech on ‘India after COP21’ held in Hyderabad on Friday. Recently, the Atlantic Council had announced an initiative to increase the Indo-US bilateral trade from the current $100 billion to $500 billion in the coming decade. When asked how the US intended to go about it, Verma said, “The bilateral trade target set by the council is little bit ambitious, but the trade will definitely triple over a period of one decade.” Praising PM Modi’s drive for renewable energy in the country, he said, “Narendra ...
India-US chamber aims $500-bn trade in few years
The Dollar Business Bureau Indo-American Chamber of Commerce (IACC) aims to increase the trade between India and the US to reach $500 billion in the coming few years. To achieve such a winning leap growth in trade, concerted efforts are required with new solutions and structures to drive the trading mechanism, IACC said in its National Conclave 2016 in Hyderabad on Friday. During the event, Home Minister Rajnath Singh said, “India and US are natural allies and could transform the world with trade and trust. Our Prime Minister Narendra Modi and the US President Barack Obama have added a new and successful chapter in Indo-US bilateral relations. The US-India trade value was $90 billion during 2009-10. It rose to $100 billion in ...
India-US Defence Co-op Act awaits approval
The Dollar Business Bureau With an aim to boost bilateral ties between India and the US, two American senators have proposed a legislative bill to the Congress. The bill bears the potential to upgrade the status of Indo-US ties and put India on par with America’s close defence allies like Israel-NATO. The legislation ‘US India Defence Technology and Partnership Act,’ which was introduced by the co-chairs of Senate India Caucus, has been sent to the Senate Foreign Relations Committee for approval. The act, while sending strong indication to India that the US is an infallible defense partner, it will direct the focus of the US government on Indo-US security ties. The bill was proposed in the Senate by Mark Warner and John Cornyn. According ...
US committed to cooperation with India through DTTI
The Dollar Business Bureau The Government of India’s growing efforts towards stronger relations with the United States, is signaling a shift-away of its defence co-operation towards the United States from erstwhile Russia. The latest reports say that India is keen on importing the US state-of-the-art Aircraft Carrier Technology to boost the Indian Navy. A proposal to this effect was supposedly raised in a joint statement at the end of Obama’s recent visit to India, say the sources. According to a report from the Indian Defence & Research Wing (IDRW), Ashton Carter, a top US defence official and Obama’s nominee for US Defence Secretary was quoted to have said, “If confirmed, I will take a stronger interest in strengthening US-India ties ...
