US must respect free movement of professionals: Sharma
12 July 2013 10:58 PM GMT
Pitching India as a long-term investment destination, Commerce and Industry Minister Anand Sharma on Thursday said that the US should respect free movement of skilled professionals to enhance the strategic partnership between the two countries.
The minister is accompanied by a CII CEOs delegation in his four-day visit to the US to woo foreign investors. He said that India and the US are partnering across sectors, including aerospace, nuclear, defence, agriculture, information technology, communications, science and technology, and will grow stronger with a two-way process.
Speaking at a dialogue hosted by the CII and the US India Business Council (USIBC), Sharma made a strong pitch to US businesses to look at India as a long-term business and investment opportunity.
He outlined the various policies undertaken by the Indian government to invigorate manufacturing and to create the right conditions for inviting investments into the country. The government is committed to making India as the manufacturing hub of the world, he said.
The minister emphasised that the US and India share a larger strategic relationship with deep and growing engagements in various sectors. Joint collaborations in science and technology, innovation, research and development have further strengthened the bilateral partnership.
Sharma also recalled the steps such as creation of National Investment and Manufacturing Zones (NIMZ) across India and single window approval mechanism for investments undertaken by India. Fast-tracking of critical infrastructure projects, use of technology to minimise paperwork for investment proposals, efforts to tackle the emotive issue of land and establishment of a Cabinet Committee on Investments (CCI) chaired by Prime Minister are some of the measures taken by the government to spur business and investments, Sharma said.
The minister is accompanied by a CII CEOs delegation in his four-day visit to the US to woo foreign investors. He said that India and the US are partnering across sectors, including aerospace, nuclear, defence, agriculture, information technology, communications, science and technology, and will grow stronger with a two-way process.
Speaking at a dialogue hosted by the CII and the US India Business Council (USIBC), Sharma made a strong pitch to US businesses to look at India as a long-term business and investment opportunity.
He outlined the various policies undertaken by the Indian government to invigorate manufacturing and to create the right conditions for inviting investments into the country. The government is committed to making India as the manufacturing hub of the world, he said.
The minister emphasised that the US and India share a larger strategic relationship with deep and growing engagements in various sectors. Joint collaborations in science and technology, innovation, research and development have further strengthened the bilateral partnership.
Sharma also recalled the steps such as creation of National Investment and Manufacturing Zones (NIMZ) across India and single window approval mechanism for investments undertaken by India. Fast-tracking of critical infrastructure projects, use of technology to minimise paperwork for investment proposals, efforts to tackle the emotive issue of land and establishment of a Cabinet Committee on Investments (CCI) chaired by Prime Minister are some of the measures taken by the government to spur business and investments, Sharma said.
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