<br/>India and the US have asked the corporate to play a greater role in accelerating the pace of growing economic ties between the two largest democracies in the world.<br/> <br/>Addressing a luncheon meeting of Indo-US CEO Forum in Washington, Finance Minister Pranab Mukherjee and Secretary of State Hillary Clinton emphasized the significant role for the corporate sector in taking the Indo-US relationship to an altogether new level.<br/> <br/>Mr. Mukherjee said, the ultimate aim is to make India a vibrant economy that attracts global capital and trade. Ms.Clinton said Washington and New Delhi need to catch up with the businesses cooperation between the countries.<br/> <br/>Underlining the importance of ties with the US, Mr.Mukherjee said as India pursued its developmental goals, it would like to work with the US, especially where its priorities converge to the mutual benefit. He said, India and the US have a unique advantage of strongest possible people-to-people linkages that any bilateral strategic partnership could wish for.<br/> <br/>Ms. Clinton said the Indian investment in the US since 2004 grew by an estimated 60 per cent, Indian acquisitions have supported approximately 40,000 jobs and manufacturing export to India led to about generation of 96,000 jobs in the US.<br/> <br/>She further noted that both President Obama and Prime Minister Singh had said numerous times over the past 16 months that Indo-US cooperation is the cornerstone of the 21st century global partnership.<br/> <br/>On the sidelines of the CEOs Forum meeting, Ms.Clinton met Mr.Mukherjee at the State Department during which the two leaders discussed bilateral relationship. <br/> <br/>Earlier, nearly a two-hour meeting of the Indo-US CEO Forum took place which was co chaired by Tata Group Chairman Ratan Tata and David Cote, chairman of fortune 500 company Honeywell.<br/>
News On AIR | June 23, 2010 2:00 PM
India, US asks corporate to play greater role in pushing eco ties