I would like to share with you some newly "coined" governments' statements, and some new findings in the international-politics-cum-international-business. These are some power-pact excerpts from the Times of India.
Pitching for increased economic ties between India and the America, US Secretary of State Hillary Clinton has called for "advanced" linkages, similar to the existing ones, between "Manhattan and Mumbai," or between "Boston and Bangalore."
Unveiling new proposed tax reforms, Obama had said, "It's a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York."
Terming the blooming partnerships between the two countries as "exciting", Clinton asserted that India's growing economic prowess is recognised the way, the law of gravity is accepted by people.
"We need bilateral cooperation between our governments to catch up with our people-to-people and economic ties," asserted Clinton.
"People know what kind of business and investment opportunities are there in India. According to Clinton, the America views India as one of the few partners worldwide who would help the country in shaping the "21st century."
The reason is as simple as anything! The trade between India and the US is worth over USD 43 billion and has more than doubled since 2004. Moreover, a study has found that corporate India created employment for 300,000 people in the US between 2004 and 2007. An India Brand Equity Foundation study release mentioned that the Indian industry contributed USD 105 billion to the US economy during 2004-07.
So, Bangalore or Buffalo? Is it gonna matter, anymore?
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