US to harness business prospects in East India

Kolkata, Aug 04: In view of the enourmous business prospects in Eastern India, the US government has decided to create a conducive environment for trade and commerce.

Talking to mediapersons here today, US Minister Counselor for Commercial Affairs Carmine D'Aloisio said east India, especially West Bengal, had a huge potential in Biotechnology, Pharmaceutical, Research&Development and Food Processing sector.

Mr Carmine said the American Consulate would conduct various training programmes for entrepreneurs to realise the loopholes in various sectors while trading and make them aware of the ever growing oppurtunities.

He also said that the consulate would help American companies to develop in West Bengal for promoting US goods in the Indian market and vice versa in their country.

The Indo-US trade had doubled in the past few years and the ongoing talks between US President George Bush and Indian Prime Minister Manmohan Singh would help increase it manifolds.

He informed that India's nuclear sector should be included in the global supply chain and cater to the needs of the third world countries.

'' The low import duties in India have allowed several foreign companies to enter the market here,'' he said adding that business environment and policies should be improved to make India a major global player.

Citing examples of countrywide protests on land acquisition for Industrialisation, Mr Jardine said no economy can sustain without industries and hence the farmers have to spare some land for the economic growth of the country.

He also stressed on pro-growth, pro-consumer strategies along with more partnerships between the two countries so as to create decent job opportunities in the country.

UNI