Guest guest Posted May 18, 2004 Report Share Posted May 18, 2004 Power partnership IANS [ MONDAY, MAY 17, 2004 01:42:12 AM ] A resolution recognizing the `extraordinary contributions' of people of Indian origin to the US and the benefits of working together with India as a `strategic partner' has been introduced in Congress. Strongly advocating that India be recognized as a " strategic partner to the US " , the resolution says American global efforts could become more effective and successful " in combating global HIV/AIDS, pursuing nuclear non-proliferation, promoting democracy, enhancing stability of the world economy, eliminating poverty, fighting terrorism, and expanding and strengthening global trade " . Complimenting the people of Indian origin on their " extraordinary contributions " to the United States, Concurrent Resolution 352 before the House of Representatives notes that Indian Americans have helped to make the United States a more efficient and prosperous country. " These contributions have spanned disciplines ranging from science, technology, business development, and public service, to social justice, philanthropy, literature, and the arts. " It says that generations of doctors and nurses of Indian origin have attended to the sick in large cities as well as in rural regions of the US that are otherwise underserved. Indian Americans have designed defence systems that protect US naval ships while at sea and have contributed to engineering, designing and participating in the US space shuttle programme at great personal sacrifice. It notes how Indian Americans have invented many of the technologies that power the computer and the Internet, have created and directed laboratories that produced significant breakthroughs in modern medicine and have taught at, and are leaders of, many US institutions of higher learning. The resolution makes special mention of the Indian Americans' " invaluable contributions to the vitality and viability of the United States economy through creative entrepreneurship and leadership in both large and small businesses " and of how they have shared and integrated their rich culture into the fabric of American daily life. The resolution, sponsored by Congresswoman ita Mellinder- Mc, says that the common values and common interests that are shared between India, the world's largest democracy, and the United States, the oldest democracy, could be utilised to the benefits of the two countries working together in promoting peace, prosperity and freedom among all countries of the world. On India-US trade, the resolution says India with its more than one billion people offers the US a large and rapidly growing market and unlocking vast reservoirs of talent. Being the US's largest trading partner, India is a major source of foreign direct investment and foreign institutional investment in India; and US exports to India are growing at 25 per cent, making India one of the fastest growing foreign markets for US goods and services. It says India's industrial tariffs have fallen from 150 per cent in 1988 to a peak rate of 20 per cent today and US exports to India will accelerate as India continues reducing tariffs and instituting liberalization measures in its trade and investment regime, thereby expanding the trade relationship of the two countries and bringing mutual benefits. Acknowledging that India has been a key partner in the war against terrorism, the resolution notes how India and the US have agreed to increase cooperation in the areas of nuclear activities, civilian space programmes, high-technology trade, and missile defence. While suche multi-faceted cooperation between India and the United States will strengthen bonds of friendship and commerce it would also pave the way for peaceful use of space technology, and increase global stability and security, the resolution says. http://economictimes.indiatimes.com/articleshow/679497.cms Quote Link to comment Share on other sites More sharing options...
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