Posted on 01/28/2015 11:40:15 AM PST by lowbridge
U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies.
Earlier in the day, at the invitation of Prime Minister Narendra Modi, Obama was the first U.S. president to attend India's annual Republic Day parade, a show of military might that has been associated with Cold War anti-Americanism.
-snip
"We are moving in the right direction ... That said, we also know that the U.S.-India relationship is defined by so much untapped potential," Obama told the Indian and U.S. business leaders. "Everyone here will agree, we've got to do better."
Modi said U.S. investment in India had doubled in the past four months and vowed to do more to slash the country's notorious red tape and make it one of the world's easiest places for business.
Obama said that U.S. Export-Import Bank would finance $1 billion in exports of 'Made-in-America' products. The U.S. Overseas Private Investment Corporation will lend $1 billion to small- and medium-sized enterprises in rural areas of India.
Regarding renewable energy, a key focus for Modi, $2 billion will be committed by the U.S. Trade and Development Agency for renewable energy, Obama said.
(Excerpt) Read more at reuters.com ...
our Imperial Negroes were properly feted and I bet the food they ate didn’t even give them the $hits
There's some stress... he can't give it away fast enough. /S
It's good to be president.
is he going to take that $4 Billion out of all the personal fundraising money he’s been racking up for himself (at our taxpayers’ expense)?
How much of the 4B will find its way back into obama’s private accounts?
He’s selling our children and all future generations into slavery. Just getting even.
Obama is a master of dollar diplomacy
I live in little India in Jacksonville and their paper now and then give pointers for B1s and lobbyist phone numbers to expand the program.
I much prefer them than the Syrians or Pakis setting up shop, Iranians being OK and not dressed like hadjies.
This guy is a child.
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