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India conveys concern to US over protectionism
Tuesday May 08, 2012 08:33:52 PM,
IANS
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New Delhi: India
Tuesday conveyed its concerns about protectionism in the US over
outsourcing of jobs to South Asia and the continuing restrictions
imposed on the mobility of professionals, particularly those from
the Information Technology (IT) sector.
At a bilateral meeting with US Secretary of State Hillary Clinton
here during her three-day visit, India's External Affairs Minister
S.M. Krishna flagged the issue.
"There are issues on both sides," Krishna said at a joint press
conference later.
"I did convey our concerns about the continuing difficulties on
mobility of professionals, especially for our IT companies, and
protectionist sentiments in the US with regard to global supply
chain in services industry," he said.
But he added that he was thankful to Clinton for her personal
attention to the welfare of Indians and Indian students in the US.
India IT services firms are grappling with reduction in the number
of business and work related visas issued by the US, their
mainstay market, for their employees in recent years.
As presidential election fever grips US, there is increasing poll
talk against exporting jobs to India.
Krishna and Clinton also held "a good" discussion on fostering
commercial cooperation in civil nuclear energy sector.
Krishna assured Clinton of India's commitment to provide a
level-playing field to all US companies, within the framework of
national law and its international legal obligations.
India has after signing the civil nuclear cooperation agreement
with the US in 2008, passed law for civil liability in case of
nuclear damage that is seen by American firms as restrictive for
business.
However, Krishna said India was "pleased" that US companies are
engaged in substantive discussions with the Indian operator,
Nuclear Power Corporation of India Limited (NPCIL).
"We hope that they will make early progress towards contractual
steps," Krishna said.
Clinton also voiced optimism in continuing expansion of trade and
investment between the two nations, noting that they have come a
long way since 1995 when bilateral trade was $9 billion and now it
stood at $100 billion.
"I actually believe there is much more potential to unleash. We
should be working toward having one of the world's largest trading
relationships, and we need to continue to reduce barriers and open
our markets to greater trade and investment," she said.
"As part of this, we discussed our landmark civil nuclear
agreement. I and Minister Krishna reiterated India's commitment to
ensure a level-playing field for US companies. We welcomed the
fact that the NPCIL and leading US companies are engaged in direct
conversations on how to move forward together," Clinton noted.
Both the leaders noted that there was "increasing convergence" of
strategic interests of India and US and their consultations were
acquiring a global character.
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