Page 59 - IACC Newsletter November 2012 Issue no. 7

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Asked how she was looking at Indo-US relationship in the next six months, the ambassador said it is likely to be reviewed
so that the cooperation can be further expanded.
"I think both of us have new leaderships and foreign ministries. I think there will be a review of our relations. Current
dialogues, trade interactions and see what we can strengthen ....I think the bilateral investment treaty have provided a
new model. India is also developing a new model. Discussions which have gone on for the last two years can make some
progress," she said.
Asked about the US position on Pakistan sticking to the Kashmir issue, she evaded a direct reply and said the US was
"encouraged" to see the new visa regime and initiative for better economic ties between the two neighbors.
US strongly values strategic partnership with India, says State Department
Mr. Salman Khurshid, Cabinet Minister of the Ministry of External Affairs, India
Valuing its "strategic partnership" with India, Washington has expressed the hope that new External Affairs Minister
Salman Khurshid would be a valued partner in carrying forward their strategic dialogue.
"We highly value our strong strategic partnership with India," State Department spokesman Mark Toner told reporters
when asked about Sunday's Cabinet reshuffle when Mr. Khurshid replaced S. M. Krishna. "Certainly we've had an
especially productive relationship with Minister Khurshid in his prior service at the Ministry of External Affairs as well as
other positions in the Government of India," he said. "And we believe he'll be a valued partner in carrying forward the
strategic dialogue that Secretary (of State Hillary) Clinton has co-chaired and in building what President Obama has
called a defining partnership with India," Mr. Toner said.
"His experience and his expertise in the business community or on business issues are also important to our bilateral
relationship and are particularly welcome." "And certainly Secretary Clinton, enjoyed a very productive, constructive
relationship with Minister Krishna and she looks forward to working closely now with Minister Khurshid," Mr Toner said.
Asked if Ms. Clinton had invited Mr. Khurshid to visit the US, he said: "I'm not aware that they've spoken yet, and so I
don't know."
US fiscal cliff won't impact Indian IT sector: Nasscom
Despite fears the fiscal cliff in the US would lead to that country cutting budgets next year, the National Association of
Software and Services Companies (Nasscom) feels it is unlikely this would have an adverse impact on the $100-billion
Indian information technology (IT) sector.
A fiscal cliff refers to the simultaneous expiry of tax breaks and the introduction of spending cuts. Nasscom, which
recently scaled down its estimate of growth in India’s software services for FY13 from 11-14 per cent to 9-11 per cent,
said with the election in the US over, “the worst may be behind us”.