US-India trade: face to face with Ron Summers, President USIBC
US President Barack Obama’s visit to India will “open eyes in a positive way throughout the Administration, as well as in Boardrooms across the United States. Deeper engagement in every field and sector will be the result. The articulation by the President about the export of American goods and services to India – the opening of Indian markets for American businesses – these all strengthen the President’s hand to do what he genuinely wishes to accomplish: to set India and the United States on a course for full and complete strategic partnership”, says Ron Somers, President of the US India Business Council (USIBC). In an interview with Amitabha Sen he says “We would hope to see $100 billion in two-way trade by 2015! USIBC needs to remain vigilant about resisting protectionism in all its forms – everywhere!”
AS: What is the USIBC’s post mortem report of President Obama’s maiden visit to India? Many a interpretation is emerging but you being at the core of USIBC Summit in Mumbai what is immediate assessment? How would like to interpret what emerged in President Obama’s interaction with the India Inc in general, CEOs in particular?
RS: President Obama’s maiden visit to India mollified concerns about the President’s stand regarding India in general or about outsourcing in particular. The President’s visit engendered much goodwill. That’s positive. His pitch for the creation of jobs - in both countries - is welcome by the U.S.-India business community. The result, in my mind, will be a reoriented compass that points to India as the President charts the future geopolitical course of the United States. Seeing is believing! The President’s visit to India will open eyes in a positive way throughout the Administration, as well as in Boardrooms across the United States. Deeper engagement in every field and sector will be the result.
For complete interview, click here.