6.10.14

Of NaMo's US trip....


Asked to identify takeaways from the visit, sources cited the announcement by the US-India Business Council (USIBC) about investments worth $41 billion into India in the next three years.
“This is actually only 20% of what is expected from the US. Because of the majority he has in Parliament, and also his ability to get things done based on Gujarat model, the PM commanded respect among prospective investors in the US and this has done wonders for global investor sentiment,” said an official source.
Ficci has welcomed the development saying this was very encouraging given Modi’s emphasis on making India a manufacturing hub. The development is being seen as a “harbinger’’ of transformative projects that would be launched by the private sector from both sides and would contribute to realizing Modi’s vision for manufacturing excellence. Sources said that Modi and Obama hit off really well when they first met for the dinner at White House, with the two leaders exchanging notes on issues related to technology and their election campaigns.
According to sources, both the leaders “reaffirmed” their commitment to implement fully the US-India civil nuclear cooperation agreement despite serious differences over India’s nuclear liability law.
The two countries have established a Contact Group on advancing implementation of civil nuclear energy cooperation to realize early “their shared goal of delivering electricity from US-built nuclear power plants in India.” They said the two countries are looking to advance the dialogue to discuss all implementation issues, including but not limited to, administrative issues, liability, technical issues, and licensing to facilitate the establishment of nuclear parks, including power plants with Westinghouse and GE-Hitachi.
Other gains from Modi’s visit to the US include a move to have 1,000 American teachers teach short-term courses in Indian universities and the US setting up a new IIT.
Also, the national Defence University at Manesar will see the US as its technology partner. Goals of the PM’s Swachh Bharat campaign have been positioned within the joint statement for both nations with a focus on water sanitation and solid waste management. In addition, several national parks such as Gir, Corbett, Bandipur and Panna are slated to have tie-ups with US parks.




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