Search Result for : Richard Verma

The Dollar Business Bureau  The US Administration under President Donald Trump has recognized India as a foremost foreign policy priority, said Richard Rahul Verma, the former US Ambassador to India, mentioning that the credit for robust relations between the two countries goes to former US President Barack Obama and Indian Prime Minister Narendra Modi.  “I do think India has been recognized as a major foreign policy priority (in the Trump Administration) and one that from the president on down, people are vested in, and that’s very encouraging,” Verma told PTI.  “The overall relationship trajectory between the two has been pretty good,” he said.  “As you know, in the last two to three years of the Obama administration we made a lot of progress and all ...

By Sreenivasa Rao Dasari It is the season of surprises. As if the surgical strike on black money in India was not enough Donald Trump to the surprise of many was today elected the 45th President of the United States. While Trump was (surprisingly) presidential in his victory speech, his win sent tremors through the financial markets across the globe. The possible impact of a Trump presidency, if he remains true to his campaign promises, could change the world of trade. India-US: Trump during his campaign had said “India will have a true friend in White House” if he is elected President. Richard Verma, US Ambassador to India in a statement after the results were announced said,"The US-India relationship is vitally important, ...

The Dollar Business Bureau Holding India responsible for not being ambitious enough to complete the Bilateral Investment Treaty, the US stated that it is open to continue dialogue as it is of great significance for both the nations. The USA has number of issues regarding trade with India, said Adewale (Wally) Adeyemo, Deputy Assistant to the US President and Deputy National Security Advisor for International Economics. While addressing a session on India-US Economic Relations, Adeyemo further stated that India is not as determined as required to conclude BIT. The US is waiting to be involved in growth of India, which is amongst the fastest growing economy in G20. In July, Richard R Verma, US Ambassador to India said that both the countries are aiming at a ...

The Dollar Business Bureau India’s travel and tourism industry is capable of growing at a faster pace and create job opportunities for about 46 million people by 2025, only if implementation of apt investments and policies are intact, said Richard Verma, US Ambassador. The tourism and travel industry contributed $120 billion, accounting to 6.3% of India’s GDP, and was supported by 37 million jobseekers in 2015, says the data available with the World Travel and Tourism Council. Timely and economical air connectivity can boost and explore the industry to its fullest potential, said Verma while addressing a conference themed ‘'Travel and Tourism as a means to achieve $500 billion trade between India and USA'. The conference was organized by Indo-American Chamber of Commerce. He ...

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 ...

 The Dollar Business Bureau India is a great and stable market for Italy. Italian Trade Commissioner Francesco Pensabene expects increased growth in the Indo -Italian trade and wants to promote Italian companies to invest more in India. Francesco Pensabene promoted the Italian market while announcing a two-year campaign, “Italy: The Extraordinary Commonplace” here in India. The event was to promote Europe’s country’s best food, fashion and design. He said, Italy is not only famous for pizza and sunshine but is also a well-known country in terms of investments. Italy is the second largest manufacturer in Europe after Germany”. Voicing his views on the Indian market Francesco Pensabene, stated “Italy believes the Indian market is stable and the Indian growth rate is impressive and as ...

The Prime Minister highlighted the massive reforms undertaken by the NDA-led government in infrastructure sector, particularly railway and said there are plenty of announcements which will soon be transformed into actuality The Dollar Business Bureau Investors have for long identified Indias infrastructure sectors as one of the key aspects of their investment-related decision making The NDA-led government is committed to expedite all infrastructure-related projects, Prime Minister Narendra Modi reiterated on Friday, adding the emphasis is not only on highways, but also on railways and I-ways (Information ways). Our endeavor is for a quantum jump in infrastructure, for a breakthrough, for fast-tracking projects and for quick-decision making. The importance of roads for a nation is the same as the importance of arteries and ...

If domestic barrier are thrown out, the US and India can achieve their bilateral trade target of $500 billion by 2025. Deepak Kumar | The Dollar Business As barriers to market entry come down, India will see a number of American companies and investors, says US envoy   India must reduce trade barriers and improve ease of doing business to compete with other countries, US Ambassador to India Richard Verma said on Thursday, adding that an invitation is not enough to attract American investors. Speaking at an interactive session organsied by the Federation of Indian Export Organisations (FIEO) in New Delhi, the US Ambassador said, The (FDI) numbers are getting better but they are not what they should be. He, however, expressed confidence that ...