Page 43 - IACC Newsletter June 2013 Issue 11

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government to bring qualitative improvement in the educational system, Hooda said Haryana is emerging as an
education hub. After the US and China, the world’s third defense university is being set up in district Gurgaon.
Apart from this, the first National Institute of Design in northern India is also being set up at Kurukshetra. The state
already has the first women university in northern India set up in Sonipat.
India-US business ties: Nancy Powell sees room for growth
Noting that there was great scope of further strengthening US-India business ties, US Ambassador Nancy Powell today
said both sides need to see where they can best help each other. "I am very enthusiastic about our ever-increasing
business ties. Trade brings people together, creates jobs, and provides countless new opportunities for people in both of
our countries.
"There is plenty of room for growth, and we need to see where both countries can best help each other since a healthy
balance of trade is essential between countries," she said.
She was speaking after launching India's 12
th
American Business Corner (ABC) in Mohali, Punjab. Powell was on a two-
day visit to Chandigarh and Mohali. The Ambassador said over the past year, US exports to India increased by USD 1
billion to over USD 22 billion, while India's exports to the US grew by about USD 4 billion to over USD 41 billion.
"Historically, our bilateral trade in goods has expanded from more than USD 26 billion in 2005 to over USD 63 billion in
just seven short years. Moreover, when you count bilateral trade in services, our bilateral relationship is nearing USD
100 billion, up from about USD 90 billion in 2011," the Ambassador said.
The Foreign Direct Investment (FDI) into India from the United States reached USD 24.7 billion in 2011. "In recent years,
India has been among the fastest growing sources of inward investment into the US, totaling about USD 9.8 billion, as of
2011, and supporting thousands of US jobs," she pointed out.
The ABC was launched by Powell and Anurag Aggarwal, president of Mohali Industries Association. "The ABC in Mohali
will act as a clearinghouse to connect its 400 member firms with US companies interested in doing business here.
Activities of this ABC will include dissemination of catalogues of US products to potential buyers and staging workshops
and seminars at the ABC...," Ambassador Powell said.
During her two-day visit to Chandigarh and Mohali, the Ambassador met senior leadership of the Punjab and Haryana
governments including Punjab Governor Shivraj Patil, Chief Minister Parkash Singh Badal, Haryana Chief Minister
Bhupinder Singh Hooda and interacted with young parliamentarians and state legislators of the two states.
She also discussed trade, investment, and people-to-people ties between the US and India during a visit with instructors
and staff at the Indian School of Business in Mohali.
US welcomes India as a rising power: Kerry
He said it is safe to say that India-US collaboration has never been more important than it is today
The US welcomes India as a rising power and backs its inclusion as a permanent member of a reformed and expanded
UN Security Council, Secretary of State John Kerry has said ahead of his maiden visit to New Delhi.
In a video message for Indians ahead of the next week's Indo-US strategic dialogue, Kerry said that this is a critical
ongoing conversation between the two countries.
"It's one that demonstrates our firm belief that a strong India is in America's national interest. The United States not
only welcomes India as a rising power; we fervently support it," Kerry said in his nearly five minute video message, which
he starts with Namaskar.