to Download the "Indo-US Business Magazine May-June 2011"

Editorial
Dear Reader,
Greetings. After having received a boost in the wake of US President Barack
Obama's visit to India in November 2010, Indo-US relations are on a steady
upward course, helping in cementing the bond between the two countries. This
was precisely the theme of the 7th Indo-US Economic Summit - Cementing
Bonds, held recently in New Delhi. We carry it as the cover story of the current
issue of Indo-US Business. Organized by Indo-American Chamber of
Commerce (IACC), the annual Summit's latest edition was unique in terms of its
innovative agenda and spread. Sessions focused on SME, Healthcare,
Hospitality, R&D, Corporate Liability, etc., drew intense participation from both
Indian and US delegates to the Summit, which defined and quantified the
potential awaiting to be tapped in both the countries. An equally important
event that has led the business communities of both the US and India to come
together for collaborative ventures has been the SUITE 2011. Held in New York
on 25 and 26 May 2011, under the auspices of IACC, the 2nd Summit for US-
India Trade & Economics (SUITE) 2011 provided an effective platform for oneto-one
business meetings leading to collaborations in various sectors. More
than 70 delegates including 35 from India participated in the Summit, where
several speakers, who made excellent presentations, also called for more
policy initiatives to remove some existing trade impediments to further boost
Indo-US bilateral commerce. We present a detailed account of SUITE 2011.
US Commerce Secretary Gary Locke, accompanied by a high-powered
delegation comprising 24 top high-technology US companies covering sectors
as diverse as nuclear energy, civil aviation, defense and security, and
information and communications technology (ICT), visited India recently. The
issue carries a report on Locke's visit to New Delhi, Bangalore and Mumbai,
where he met various top industrialists for discussions, at the end of which he
declared that their outcome reflected a win-win situation for both countries. An
analysis of Indo-US trade in the last decade 2001-2010 shows that the trend
has been steady and rising. We carry a report. The magazine carries a special
feature on the contribution of the Maharashtra Industrial Development
Corporation (MIDC) in making India's western State of Maharashtra the
country's most attractive destination for investment. Indian IT giants operating in
the US have started hiring locals, bringing down the demand for H-1B Visas
from Indians. We carry a report. Corporate news figures prominently in the
issue, its coverage encompassing Indo-US joint ventures in various industrial
sectors, ranging from aerospace to agriculture, from Information Technology to
pharmaceuticals, from nuclear energy to solar energy and from healthcare to
hospitality. The magazine provides an in-depth coverage of news from the
various IACC branches, highlighting their contribution to consistently fostering
bilateral trade between India and the United States. The issue carries as usual
the regular features that include the IACC President's message, to the readers.
Wish you happy reading
Satya Swaroop
Managing Editor
satya@newmediacomm.biz
- INDO US BUSINESS May-June 2011
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