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Monday, January 12, 2015

John Kerry urges stronger India-US ties

US Secretary of State John Kerry has called for stronger US-Indian trade ties at an international investor conference ahead of President Barack Obama's visit to India this month.

Mr Kerry described Mr Modi as a "visionary" prime minister
Mr Kerry described Mr Modi as a "visionary" prime minister
Mr Kerry said better economic ties would help boost India's growth and fight climate change.



Bilateral foreign direct investment now stands at nearly $30bn (£19bn).



Mr Obama will be the chief guest at India's Republic Day ceremony in the capital on 26 January.

Speaking at the investment conference in the western Indian city of Ahmedabad on Sunday, Mr Kerry described Indian PM Narendra Modi as a "visionary prime minister".

"We can do more together, and we must do more together, and we have to do it faster," Mr Kerry told the meeting.
"Together, we can create an environment where all of our companies play leading roles in bringing cutting-edge technologies, equipment, capital, and know-how not just to India but to countless countries that need this growth and development now."

Red tape crackdown

At Sunday's meeting, Mr Modi pledged to cut red tape, pursue predictable policies, ensure stable taxes and make India the "easiest place" to do business.

"We are trying to complete the circle of economic reforms speedily," he told the meeting.

"We no longer live in a world where a country is going to be competitive if the bureaucracy sends people from door to door and window to window and meeting to meeting," he said.

Reports said US officials were working on agreements that could include a solar energy deal and a plan to improve rural electrification that they hoped could be signed during Mr Obama's upcoming visit to India.



In September, Mr Modi and President Obama called for a "new agenda" between their countries during Mr Modi's visit to America, his first since being elected this summer.

Taken from: bbc.com

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