India seeks US investment to form manufacturing hub

[ChromeFoundry]

Source: Reuters

19 Mar 2010, 0610 hrs IST, REUTERS

WASHINGTON: Commerce and Industry Minister Anand Sharma urged US companies on Thursday to jump on board India's rapid growth and help it expand its manufacturing base.

"I would like American businesses and Indian industry to come together to make India a manufacturing hub and one of the workshops of the world," Sharma said in a speech to a business group.

Toward that end, India is issuing a new foreign investment policy document on March 31 and a new manufacturing policy document "before the fall," he said.

Sharma's speech came one day after he and US Trade Representative Ron Kirk signed a framework agreement aimed at boosting bilateral trade and investment flows.

The pitch also comes when high US employment and competitive pressures from China already have many US lawmakers worried about America's manufacturing base. The outsourcing of call-center and other service sector jobs to India has also raised concerns.


Read more: http://economictimes.indiatimes.com/news/economy/indicators/India-seeks-US-investment-to-form-manufacturing-hub/articleshow/5700332.cms

[liberal N proud]

1. WTF - The United States needs investment for a manufacturing hub

The balls of these people.

[LiberalFighter]

2. FU India FU American companies that do invest in India

[OhioChick]

3. "Urged US Companies?"

:wtf:

Right after this??

Relax visa norms for Indian professionals: India to US

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4312396

[pattmarty]

4. Well, it looks like we all got the "change we can believe in"...................

.......So many of Obama's policies look just Bush's, Clinton's, Bush the smarter's and that fucking "B" actor st ronnie.

[ieoeja]

6. What I want to know is how Obama forced the Indian minister to say these things.

CIA probably has some dirt on the guy.

[Chisox08]

5. Fuck India and any American company that outsources more jobs to India

The official unemployment is at 9.7% here in the US. We need jobs here. If India wants to build its manufacturing base then build one with Indian companies.
We should tax any company that outsources so hard that it would be a hell of alot cheaper to hire Americans

[Dappleganger]

7. Do it yourself, India.

We have our own problems at the moment.

[ezmerelda39]

8. India's manufacturing

wouldn't exist if it wasn't for the U.S. We have already shipped the majority of our manufacturing jobs overseas. It is time for the U.S. to 'invest' in manufacturing here at home and put the thousands of the unemployed BACK TO WORK!