India Will Brief US President Elect Donald Trump on its contribution to its economy

Sarkaritel
By Sarkaritel November 11, 2016 10:13

India Will Brief US President Elect Donald Trump on its contribution to its economy


Formal Stand on issues only After Trump makes policies clear – Nirmala Sitaraman

By TN Ashok

New Delhi, Nov 10: Commerce Minister Ms Nirmala Sitaraman today made it clear that the Indian government would rather wait for US President Elect Donald Trump to enunciate his trade and foreign  policies clearly after he assumes charge of the American presidency in January next year rather than prematurely react to his election campaign pronouncements.

“It’s one thing to make some pronouncements during an election campaign and it’s another thing ‘to make policy pronouncements after assuming charge as a president “, Ms Sitaraman said adding “We would rather wait for that “.

However, she said, that taking into account the concerns of the service industry particularly the IT sector on the issue of curtailment of H1B visas and stopping of outsourcing of jobs to countries outside of United States such as India as stated by Trump in his election campaign, Sitaraman said that India will continue to take the same stand on the issue as it did with the previous US President .”We will make presentations and profile the projects India is executing for and in the USA emphasizing the contributions Indian companies (IT sector) are making to the US economy”, she said.

On the question of India’s reaction to Trumps statements on the Trans Pacific Partnership, Sitaraman reiterated that India would rather wait for an official announcement from the US President elect after he takes over the reins of US presidency in January next year rather than react now on the basis of his election campaign speeches.

The Minister said that India was now exploring non traditional markets for Indian exporters as the traditional markets seem saturated and was too thick with competition. “We are looking at some parts of Africa and Latin America for this “, she said adding that project exports were being considered for Africa while Peru, Chile were being identified for specific exports of items.

She said India was also touching base with the BIMSTEC and MERCOSUR trade groupings for a breakthrough for Indian exports to South American countries.Ms Sitaraman pointed out that the government had succeeded in negotiating with the Swiss government for getting recognition for Ayurvedic Pharmacopia . Similar attempts with Italy are likely to bear fruit, she said.

The Commerce Minister said India was actively pursuing all trade related matters with other countries under the ambit of the WTO as also vigorously pushing ahead with the industrial corridors such as the Delhi Mumbai, Kolkata Chennai, Chennai Bengaluru ones . The Kolkata Chennai corridor was now being extended to interior Tamil Nadu to include Tuticorin which had a major port.

The additional secretary of commerce Anup Wadhawan and the Director General of Foreign Trade A K Bhalla were also present during the briefing.

Sarkaritel
By Sarkaritel November 11, 2016 10:13