Page 49 - IACC Newsletter March-April 2014 Issue 03

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"You will not only study in international institutions but you will also be able to establish yourself as a global citizen,"
Michael Pelletier, acting US Ambassador to India, said.
He was speaking on the eve of Students Visa Day here. To encourage students, Pelletier and Counsel General Cynthia
Halle also handed over visa to two students. Embassy officials said until now over 1 lakh Indian students are in the
process of applying in US educational institutes. Since October 2013 a record number of students have applied for the
American visa. This year, there has been a 40 per cent rise in issuing visa as compared to last year.
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Harsh Vardhan invited to address India-US health meet in Nov
Union health minister Harsh Vardhan has been invited to address the India-US Health Exchange meeting to be held in
Chicago in November. The two-day US-India Health Summit in Chicago being held on November 7 and 8 is organised by
the Association of Tamil Nadu medical graduate’s charitable foundation (ATMG-USA) Chicago in alliance with Multi
Ethnic Advisory Task Force in Chicago, a statement said.
Prominent health care organizations, universities and federal government officials are expected to participate in the
two-day meeting. US Congressman Danny K Davis and US Secretary of Health and Human Services will also participate,
the statement said.
Dr. Harsh Vardhan has been invited to deliver the key note address at on November 7 and preside over the 34th annual
banquet of Indian American Medical Association the next day on November 8 at Chicago.
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US companies ask for higher FDI cap in defence, insurance
The meetings are significant because segments of Indian domestic industry have said the government should only allow a 49 per
cent stake for foreign investors in defence production.
US defence and aerospace companies met Indian industry leaders to narrow differences on what should be the foreign
direct investment caps for insurance and defence manufacturing sectors, just weeks ahead of the presentation of
Budget FY15.
The details of the meeting with Modi are not known. A source present at the USIBC meeting with FICCI said the key
issues discussed were those related to insurance and defence. The American companies want the insurance cap on FDI
to be raised to 49 per cent from the current 26 per cent while in the defence sector they have lobbied for a 100 per cent
foreign investment where there is “special technology” involved.