 "India-US Business Summit: Key takeaways from Modi-Obama address")
US can help in digitalising Jan Dhan accounts
Let's make it easy for a woman in a village to start a business with someone in the US:
US to partner India in solar energy and sustainable energy solutions
US wants to help India expand solar energy, clean its air and water. Also proposes helping Indian-Americans invest in India.
Will earmark $4 billion in investment and lending deals to India
Exim Bank of US to commit $1 billion for project financing
The Overseas Private Investment Corporation will lend $1 billion to small- and medium-sized enterprises in underserved rural areas of India
Another $2 billion will be committed by the U.S. Trade and Development Agency for renewable energy
Only 1% of American exports go to India, a nation of a billion-plus people. We do trade worth $100 billion with India, But with China we do $560 billion
The global fortunes of the US, India are interlinked
We have to keep working to make business easier in our two companies
In the last three years, we have increased our trade by 60%, today it is worth $100 billion
Our two business communities have been some of the strongest champions for a closer relationship
Growth cannot be measured by GDP alone, it has to be inclusive and improve the lives of people
What Narendra Modi said:
We are forging ahead in areas of civil nuclear energy, renewable energy and defence: Modi
We will protect your intellectual property rights, nurture innovation
You will find an open environment, we will guide you and walk with you in your projects (assuring CEOs of American firms)
Some of the pledges made in Washington in September have begun to flow in, I do keep track of these things
Today business sentiments in India are the strongest among Asian markets
In the past eight months we have worked tirelessly to transform the quality of life of people
For India, the journey has been impressive but the road ahead is still long