Washington D.C. [U.S.A.], June 26: In his second leg of his three-nation tour, as Prime Minister Narendra Modi held a round table meeting with business leaders in the U.S., Indian American businessmen pointed to the dual taxation as a major hurdle for investments in India.
"Interacted with top CEOs".
"We write to you ahead of the upcoming visit by Prime Minister Narendra Modi to urge you to prioritise the elimination of Indian trade and investment barriers that significantly harm American businesses and workers", Senators Orrin Hatch, Ron Wyden and Representatives Kevin Brady and Richard Neal wrote.
"We also share an interest in ensuring that sea lanes - critical lifelines of trade and energy - remain secure and open to all", Modi said, without referring to the South China Sea by name.
Modi said that "the confidence in each other's political values and a strong belief in each other's prosperity has led to greater engagements between the two countries". What stuck out from his speech was that he described India as a "victim of terrorism" and Pakistan found no mention even as Nawaz Sharif looked on from the front row.
Despite differences over issues such as immigration and climate change, Modi is expected to assure Trump that the USA has nothing to fear from India's growing economic clout.
Calling corruption as the root cause for which previous governments were changed in India, Modi said his government has emerged corruption-free in the past three years. He said this indicates India's quest for global benchmarks.
The Prime Minister also said: "Transparent policies create an environment of trust among the people".
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Trump, who campaigned on an "America First" platform, has been troubled by the growing United States trade deficit with India. He has previously accused Delhi of "stealing" United States jobs by paving the way for manufacturers to leave America and set up shop in India.
Pichai told reporters after the meeting that they were excited about investing in India. The US-India Business Council (USIBC) president Mukesh Aghi said the CEOs praised the reforms being undertaken by the Prime Minister and underscore his efforts to make India a business-friendly destination.
In a letter to Trump, the lawmakers, from the Republican and Democratic parties, said a number of U.S. goods, including solar and information technology products, telecommunications equipment and biotechnology products, were affected as India continues to be a hard place for American companies to do business.
Responding to a question, Aghi said the H-1B visa issue was not discussed at the meeting.
Among other CEOs present at the meeting were Shantanu Narayen from Adobe, Ajay Banga from Mastercard, David Farr from Emerson, Doug McMillon and Punit Renjen from Deloitte Global. "We are working to convert the aspiration of the people of India", he said amidst applause from the audience.
Modi and Trump also have very similar leadership style, said Telangana BJP spokesperson Krishna Saagar Rao in a blog post.
"When India conducted surgical strikes the world experienced our power and realised that India practices restraint but can show power when needed".
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