Financial Daily from THE HINDU group of publications
Tuesday, Apr 26, 2005
Financial Daily from THE HINDU group of publications Tuesday, Apr 26, 2005 |
|
|
|
|
|
Industry & Economy
-
Industry Associations FICCI signs MoU with Virginia body Our Bureau
Mr Mark E. Warner, Governor, Virginia, with Mr Onkar S. Kanwar, President, FICCI, at a luncheon meeting in the Capital on Monday. — Ramesh Sharma
New Delhi , April 25 TRADE and investment between the US State of Virginia and India will receive a shot in the arm with the signing of a memorandum of understanding (MoU) between the Virginia Economic Development Partnership (VEDP) and the Federation of Indian Chambers of Commerce and Industry (FICCI). The MoU was signed by the visiting Governor of the Commonwealth of Virginia, Mr Mark E. Warner and Mr Onkar S. Kanwar, President, FICCI, here on Monday. Speaking on the occasion, Governor Warner, advised Indian industry leaders to address their concerns and initiatives on outsourcing from India at the level of States in the US so that India's views are better understood at the grassroots and concerns addressed in a holistic manner. The VEDP-FICCI MoU envisages promotion of trade and two-way investments. In this regard, the two organisations have decided to notify and assist each other on economy-related events, such as trade exhibitions and fairs of relevance to each other other's businesses or related organisations. Mr Kanwar said more than 100 global companies outsource R&D facilities and industrial products from India. The sectors, which offer investment opportunities include, infrastructure, telecommunication, automobiles, pharmaceuticals, biotechnology, IT and IT-enabled services, real estate, and banking.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|