Ficci, US firms discuss road map for better ties

Written by ENS Economic Bureau | New Delhi | Updated: Apr 15 2014, 17:23pm hrs
FicciIn fact, industry chambers are preparing an agenda for the new government on the issues which need to be resolved for better trade ties.
Amid growing fissures in the India-US relations, Indian corporates are looking for ways to dispel the tension and engage with their US peers on tricky issues. In fact, industry chambers are preparing an agenda for the new government on the issues which need to be resolved for better trade ties.

Top officials from industry body Ficci met chiefs of US companies based in India including GE, United Technologies Corporation, Lockheed Martin, Honeywell International, Boston Scientific, Boeing and Deloitte, to thrash out the challenges faced by both the Indian and US firms.

India-US ties sank to a new low with the arrest of former Indian deputy consul-general Devyani Khobragade last year. The crisis was followed by strains in trade ties. While the USFDA banned the fourth plant of Ranbaxy, US trade lobbies and USTR initiated proceedings against Indian IPR regime and policies.