17.01.2014 Views

Download the PDF version here - Indo-American Chamber Of ...

Download the PDF version here - Indo-American Chamber Of ...

Download the PDF version here - Indo-American Chamber Of ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

published in 2006 won <strong>the</strong> 2007 Samuel Johnson Prize and was a finalist for <strong>the</strong> 2006 National Book<br />

Awards for non-fiction.<br />

ESPN's sports anchor Kevin Negandhi is <strong>the</strong> first anchor of Indian-<strong>American</strong> origin to be on a national<br />

sports network in <strong>American</strong> Television history and Ali Velshi, son of Murad Velshi, <strong>the</strong> first Canadian of<br />

Indian- origin elected to <strong>the</strong> legislative assembly of Ontario, serves as CNN's chief business<br />

correspondent.<br />

O<strong>the</strong>r Indian-origin personalities include Davan Maharaj, managing editor of <strong>the</strong> Los Angeles Times;<br />

Stephanie Mehta, Fortune magazine Executive Editor overseeing technology, and Nikhil Deogun, Senior<br />

Vice President and Editor in Chief Business News, CNBC. Peter Bhatia, editor of The Oregonian, is <strong>the</strong><br />

first South Asian to run a major US daily. Apart from <strong>the</strong>se, <strong>the</strong>re are many lesser known Indian-<br />

<strong>American</strong>s serving as producers, reporters, copy editors and production assistants, bringing <strong>American</strong>s<br />

<strong>the</strong>ir daily news -showing how far Indian-<strong>American</strong> have come in <strong>the</strong> media world.<br />

Click <strong>here</strong> for index<br />

US Company says solar mission sourcing 'self-destructive'<br />

A US-based photovoltaic cellmaker has termed <strong>the</strong> sourcing policy under India's national solar mission as<br />

"self-destructive" and said it discourages competition. Maja Wessels, First Solar's executive VP, global<br />

public affairs, said prices of solar photovoltaic cells are not coming down due to lack of competition. "It<br />

makes more sense for India to open up for foreign manufacturers instead of protecting its own. The<br />

government needs to facilitate price reduction and competition."<br />

India plans to add 1,000 MW of solar power projects by 2013 and achieve 20,000 MW by 2022. Under<br />

<strong>the</strong> Jawaharlal Nehru National Solar Mission, all investors must compulsorily use domestic solar modules<br />

and buy 30% of <strong>the</strong>ir inputs from local manufacturers. India is facing stiff resistance to this local sourcing<br />

clause from <strong>the</strong> US and <strong>the</strong> EU.<br />

"National solar mission is a visionary plan. It even brought down <strong>the</strong> prices of solar products but <strong>the</strong>n it<br />

should also widen <strong>the</strong> market base in <strong>the</strong> country," Wessels said, adding, "For a country w<strong>here</strong> <strong>the</strong>re is<br />

such a huge potential for solar generated power, such a policy does not make sense." First Solar<br />

commissioned 200 MW projects in India last year, becoming <strong>the</strong> largest foreign seller of solar equipment<br />

in India in <strong>the</strong> thin-film category.<br />

Click <strong>here</strong> for index<br />

India has vast win-win commercial potential, says US<br />

US Commerce Secretary John Bryson, who recently led his first trade mission to India, wants America to<br />

"deepen and broaden its commercial engagement with India w<strong>here</strong> <strong>the</strong> win-win potential is vast." "The<br />

only way we will accomplish that is through a foundation of strong person-to-person relationships," he<br />

said in an address at <strong>the</strong> Centre for Strategic & International Studies, a Washington think tank.<br />

"All of us must work toge<strong>the</strong>r to build those bridges," Bryson said calling on "people throughout <strong>the</strong><br />

federal government and <strong>the</strong> private sector" and "Indian-<strong>American</strong> citizens as a whole-a population<br />

which grew nearly 70 percent from 2000 to 2010." But, <strong>the</strong> US official said, <strong>the</strong> US still had "challenges in<br />

regards to transparency, accountability and openness in India.<br />

Though New Delhi "has taken important steps such as supporting <strong>the</strong> use of integrity pacts by<br />

contractors and ratifying <strong>the</strong> UN convention against corruption", <strong>the</strong> US has "continued concerns with<br />

everything from high tariffs, to intellectual property to forced local sourcing in IT and electronics.”It's<br />

clear that we still have hurdles to overcome, but-after this trade mission-I believe more than ever that<br />

we can indeed overcome <strong>the</strong>m," Bryson said.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!