PM Modi’s US visit raises high hopes
Corporate heads and senior management are expecting tangible results from the meet
By : DC Correspondent
Update: 2014-09-22 02:09 GMT
New Delhi: India Inc has high hopes from the forthcoming US visit of the Prime Minister Narendra Modi. As much as 77 per cent of corporate heads and senior management in a survey said that they are expecting tangible results from the much-awaited PM’s meetings with President Barack Obama taking the India- US economic engagement to a further scale from a sizeable level of about $ 150 billion a year. The survey done by industry chamber ASSOCHAM covered interaction with 261 corporate heads in the second-third week of September.
As many as 67 per cent of the respondents in the survey said they would expect the Obama-Modi personal chemistry to be a high point of the forthcoming visit. “In fact, India Inc expects this very chemistry to then reflect on a whole range of issues which confront the India-US economic engagement, be it divergent views in WTO, issues on visas for IT professionals, non-tariff barriers from the Indian side or national treatment demand by the US on solar equipment in India or opening of the retail and financial sector,” said ASSOCHAM.