Full page fax print - Indo-American Chamber Of Commerce
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Cover Story<br />
Boosting <strong>Indo</strong>-US<br />
Bilateral Trade Is…<br />
A Win-Win<br />
Proposition<br />
- President Obama<br />
President Barack Obama has made it clear that in the competitive world of commerce only<br />
cooperation and collaboration won the day and the deals. Addressing a gathering of<br />
business leaders from India and the United States at US-India Business Council and<br />
Entrepreneurship Summit at Trident Hotel in Mumbai on 6 November 2010, he appealed<br />
to the audience to tap the immense potential that India and the US offers through<br />
technological collaborative efforts in vast areas ranging from agriculture aerospace.<br />
Following is the full text of President Obama's speech.<br />
I want to thank all the organizations that have brought us to work on farms in the United States, and later<br />
together today, as well as the business leaders, the CEOs, generations came to practice medicine, and do cuttingthe<br />
government officials who have joined us here in edge research, and to start businesses. <strong>American</strong><br />
Mumbai. I just had some incredibly productive researchers, in turn, partnered with Indian scientists to<br />
discussions with <strong>American</strong> business leaders and Indian launch the Green Revolution that transformed life for<br />
entrepreneurs, and today I want to speak with you about generations of Indians. <strong>American</strong>s have helped build<br />
why we all benefit from the strengthening ties between our India, and India has helped to build America.<br />
nations.<br />
Today, your country is one of the fastest-growing<br />
This is my first trip to India, but this will be my longest visit economies in the world. And while there are many<br />
to another country since becoming President. And that's amazing success stories and rapidly expanding markets<br />
because I believe that the relationship between the in Asia, the sheer size and pace of India's progress in just<br />
United States and India will be one of the defining and two decades is one of the most stunning achievements in<br />
indispensable partnerships of the 21st century.<br />
human history. This is a fact. Since your reform of the<br />
licensing Raj and embrace of the global economy, India<br />
Our nations are the two largest democracies on Earth.<br />
has lifted tens of millions of people from poverty and<br />
We are bound by a common language and common<br />
created one of the largest middle classes on the planet.<br />
values; shared aspirations and a shared belief that<br />
opportunity should be limited only by how hard you're You are now a nation of rapid growth and rising incomes<br />
willing to work, only by how hard you are willing to try. and massive investments in infrastructure and energy and<br />
Trade and commerce between our people has been education. In the coming decades, you will be the world's<br />
happening for centuries - even before we were most populous nation, with the largest workforce and one<br />
independent nations. Indian immigrants crossed oceans of the largest economies in the world. Now, undoubtedly,<br />
INDO-US BUSINESS SPECIAL ISSUE<br />
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