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Thu, 28th Oct 2010  Washington, Oct 28 (PTI) US President Barack Obama will kick off his India visit with a string of meetings with captains of India Inc in Mumbai, as the US wants to send a strong message that the world''s second fastest growing economy is of utmost importance to it. "Look, India is in many ways fundamental to his economic message and has been for many years.
," White House Press Secretary Rover Gibbs said at a press briefing by senior officials of the Obama administration on Wednesday. He said Obama will meet business leaders, including entrepreneurs that are importing US technology and using them in the Indian market place, after he touches down in India''s financial capital.
Before he addresses a gathering of Indian industry leaders, he would meet a group of US CEOs, who are expected to discuss the opportunities and challenges of doing business in Asia''s third largest economy. The Indian industry leaders that are likely to meet Obama include Ratan Tata, Mukesh Ambani, Anil Ambani, Rahul Bajaj, Kumarmangalam Birla and Sunil and Rajan Bharti Mittal.
Among the US CEOs accompanying Obama would be Terry McGraw, the President and CEO of the McGraw-Hill Companies, and PepsiCo Chief Indra Nooyi, among others. The speech the President will deliver at the business summit will be the centrepiece of the first day of his visit.
It will focus on the US-India economic relationship, the enormous potential for both countries to expand growth and opportunities, US Deputy National Security Advisor for Strategic Communication Ben Rhodes said. Growing at a rate of 8.5-9 per cent, the Indian economy provides a huge opportunity for American exporters that are intensifying efforts to tap the growing potential in overseas markets on account of sluggishness in the US economy.
"There is a large potential market there (India) that the President and the administration are active in promoting (American) exports to ensure that there is a level playing field there.
there is open market there and that our exports have an opportunity to penetrate that market and support jobs back here," US Deputy National Security Advisor for International Economic Affairs Mike Froman said.  |
