India: A U.S. Partner for Global Opportunity
(As seen in THE HILL on THURSDAY, MAY 13, 2010)
India is booming. A recent visit to this billion-person economy reveals stunning opportunities for U.S. companies.
In part, this can attributed to the U.S.-India Civil Nuclear Cooperation Initiative bearing fruit. This agreement, overwhelmingly passed by Congress in 2008, means job creation for both countries: In the United States, as it digs out from a crushing recession, and in India, as it attempts to employ three-quarters of a billion people younger than 35.
India is meeting this demand by continuing to strengthen its commercial ties with U.S. businesses. The country recently purchased $6 billion in Boeing aircraft. This will create thousands of American jobs at a time when they are so desperately needed. Moreover, this procurement attracts an offset obligation in India, which means U.S. suppliers will be enlisting American and Indian vendors and subcontractors to manufacture some of this order on India soil.
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