ASSOCHAM on Wednesday expressed confidence that apprehensions linked to US President-elect Donald Trump would certainly prove wrong even as India Inc looks forward to taking bilateral economic engagement to a greater level under the new administration.
"We saw a different Trump who as President-elect of the USA sounded so conciliatory and sober promising a fair deal with the rest of the world. His words appeared so convincing that the financial markets which were nervous in the beginning recovered quite a ground rightly hoping that the Republican inmate of the White House has a great plan for America up his sleeve", ASSOCHAM President Sunil Kanoria said in a statement.
India Inc can join hands with the Trump Administration in a building of the US infrastructure projects. The Indian industry has always been a great companion for the US industries in terms of enhancing value even to the American jobs. A great number of Indian companies servicing the US have been employing the local Americans even as they add to the value proposition in their businesses.
Some of the losses in the Sensex and the currency volatility have also been made up as the world would digest rather happily the new fast changing US political landscape. "To that extent, we Indians have to enhance our soft power and be counted as a country which complements the US. Change is the name of the game and status quo is getting challenged all over. The key lies in adopting it fast," Sunil said.
As for the local factors having an impact on the financial markets, Sunil expressed hope that the disruptions to the trade would settle once the banks are geared up to meet the demand for currency swap.
In a stunning result, Trump beat seasoned politician Hillary Clinton in the knife-edge polls, defying the odds to become the 45th US President after starting off as a rank political outsider.
Seeking to "bind the wounds of division" after a bitter and divisive campaign, Trump pledged to be the President for all Americans and asked Republicans, Democrats and independents across the country to come together as one united people.
Skipping policy issues in his victory speech, the 70-year-old President-elect congratulated his Democrat rival Hillary Clinton with whom he had crossed words during the long, often ugly campaign, saying she fought very hard.
Bhasin added: "The Indian industry would certainly look forward to being a partner in that great endeavour of the next US President.
"We saw a different Trump who as President-elect of the USA sounded so conciliatory and sober promising a fair deal with the rest of the world. His words appeared so convincing that the financial markets which were nervous in the beginning recovered quite a ground rightly hoping that the Republican inmate of the White House has a great plan for America up his sleeve", ASSOCHAM President Sunil Kanoria said in a statement.
India Inc can join hands with the Trump Administration in a building of the US infrastructure projects. The Indian industry has always been a great companion for the US industries in terms of enhancing value even to the American jobs. A great number of Indian companies servicing the US have been employing the local Americans even as they add to the value proposition in their businesses.
Some of the losses in the Sensex and the currency volatility have also been made up as the world would digest rather happily the new fast changing US political landscape. "To that extent, we Indians have to enhance our soft power and be counted as a country which complements the US. Change is the name of the game and status quo is getting challenged all over. The key lies in adopting it fast," Sunil said.
As for the local factors having an impact on the financial markets, Sunil expressed hope that the disruptions to the trade would settle once the banks are geared up to meet the demand for currency swap.
In a stunning result, Trump beat seasoned politician Hillary Clinton in the knife-edge polls, defying the odds to become the 45th US President after starting off as a rank political outsider.
Seeking to "bind the wounds of division" after a bitter and divisive campaign, Trump pledged to be the President for all Americans and asked Republicans, Democrats and independents across the country to come together as one united people.
Skipping policy issues in his victory speech, the 70-year-old President-elect congratulated his Democrat rival Hillary Clinton with whom he had crossed words during the long, often ugly campaign, saying she fought very hard.
Engineering exporters' body EEPC India Chairman T S Bhasin said: "Trump has stated clearly that his focus would be to spend huge funds on building the US infrastructure like highways, airports and the like. That would generate great demand for engineering exports in areas like steel, machinery and high technology domains."
Bhasin added: "The Indian industry would certainly look forward to being a partner in that great endeavour of the next US President.
Courtesy:- Times of India.
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