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Obama Speech in Indian Parliament
President Obama's Announcements in India

Mumbai, Nov 6 (IANS) US President Barack Obama was Saturday set to unveil a more dynamic business relation with India with commercial deals worth over $10 billion that will also address his domestic constituency by supporting 54,000 jobs in the US. 

The deals include the purchase of as many as 33 Boeing-737 aircraft by the Indian budget carrier SpiceJet and an order on General Electric to supply 414 engines to power India's indigenous light combat aircraft, knowledgable sources here said. 

Ahead of the US president's address to a large gathering of some 400 business leaders of the two sides at the Oberoi Trident Hotel here, knowledgeable sources said the US side will was also set to ease export control norms on some Indian defence firms. 

'Removing these entities from the list will allow for greater trade and cooperation in civilian space and defence and enable our governments to focus on the other outstanding barriers,' US Deputy National Security Adviser Michael Froman was quoted as saying. 

These entities could include the Indian Space Research Organisation (ISRO) and Defence Research and Development Organisation (DRDO) and guided weapons maker Bharat Dynamics, all of which are state-run agencies, officials said ahead of the business meeting. 

Among the corporate leaders invited for the event included Honeywell's David Cote who co-chairs the India-US CEO Forum with Tata Sons chairman Ratan Tata, PepsiCo chairperson Indra Nooyi, Boeing Co's Jim McNerney and General Electric Co's Jeffrey Immelt. 

The event was organised by the United States-India Business Council (USIBC), whose chairman Terry McGraw, also the chief executive of Mcgraw Hill Companies, which owns rating agency Standard and Poor's, is also a part of the business delegation. 

The Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI) and the US Department of Commerce were the co-hosts of the event, also attended by over 200 business leaders from the US. 

Trade between the US and India more than doubled to $37 billion in 2009 compared with 2003, according to data available with the US Commerce Department, which has been worried over the trade imbalance skewed in favour of India.

In the first eight months of 2010, total trade topped $32 billion, with imports by India up 20 percent and exports higher by 40 percent. The two sides feel bilateral trade can top $50 billion in the next couple of years. Send your Message to President Obama

"He (Obama) deeply connected with each of us present in the room. It was a very heartfelt and moving occasion for us. Though he didn't speak much, his eyes spoke a lot. It was a connection of the heart rather...," she said.

54-year-old Dilisek, who lost her daughter Naomi (13) and husband Alan (58) at the Oberoi's Tiffin restaurant, told reporters that, "It was a very emotional moment when Obama shook hands with each one of us."

Obama paid homage to the 26/11 victims and met some of the survivors at the Taj hotel.
Dilisek and Karambir Kang, the then General Manager of the Taj were among 12 survivors from the Taj and Oberoi-Trident hotels whom the US President met privately after paying respect to the victims of the attacks.

Kang, who lost his wife and two sons, came in for special praise by Obama who lauded him for his extraordinary courage in evacuating the guests during the attack by Pakistani terrorists.

Dilisek is in Mumbai for the last three weeks to attend the second anniversary of 26/11 carnage.

Five US nationals were killed in the terror strikes that targetted apart from Taj and Oberoi-Trident hotels, the bustling Chhatrapati Shivaji Railway Terminus, Chabad House and Leopold Cafe.

Moumina Khatun, whose husband Mohammad Umar, a taxi driver, was killed when his vehicle in which the terrorists had planted a bomb exploded at Vile Parle, did not understand much of what Obama spoke.

"I didn't understand what he spoke but I could make out that he said something about the 26/11 victims," Khatun said.
Obama Speech in Indian Parliament



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