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 ...
It must be fun to give away other people’s money.
If India really needs BO’s “investment”, why can’t they just borrow it from China directly?
BURNING COWS.....could be a great source of energy....if they knew how to capture the heat thusly generated....
most of the people in Indjuh dont have clean water to drink or bathe in..
Excellent point!
” If India really needs BO’s “investment”, why can’t they just borrow it from China directly?”
LOL.....Post of the Day!
Isn’t India ALREADY our major source of B1’s and beneficiary of outsourcing financial assistance
RINOs need to CUT his purse strings. WE ARE BROKE. No more money for Obama PERIOD.
The VOTERS/TAX-PAYERS have spoken.
Not good enough. There are still some Americans whose middle class job hasn’t been taken.
So the one-trick pony ends his trip with a pledge to hand out $4 billion of taxpayer money. Disgusting.
I wish that Dorkbama would only give away money he has actually earned.
That would limit the project to around 10 cents or so.
Was he wearing his “Chief Black Eagle” war bonnet when he made the pledge?
Hello IBM!
And Congress is doing what, exactly?
A simple, yet brilliant observation.
I'm a little confused. Is India loaning the money to the US? It's a nice gesture by India, but its not going to make dent in our $18 Trillion debt.
And the public school(s) and yellow institution(s) that "taught" the writer can't remember which failed, tax payer funded program it was that GRADUATED the Engrish majah
Rock the Casbah !
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