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India visit aimed at creating jobs in America, says Obama

Last Updated: Thursday, November 4, 2010 - 21:57

US President Barack Obama Thursday said that he is heading for India and three other Asian countries with the objective of opening up this huge market of the world for American companies and create more jobs here.
"I`m going to be leaving tomorrow for India, and the primary purpose is to take a bunch of US companies and open up markets so that we can sell in Asia and some of the fastest- growing markets in the world, and we can create jobs here in the United States of America," Obama told reporters soon after his Cabinet meeting at the White House.
This was his last Cabinet meeting before he leaves for India tomorrow and the first after Tuesday`s electoral setbacks in the mid-term polls, in which his Democratic Party lost majority in the US House of Representatives.
One of the main focuses of his India trip, a top Obama aide say, is going to be the economic dimension of the Indo-US relationship. "You will specific announcements in India that will create jobs for them (US companies) here," White House Press Secretary Robert Gibbs told reporters this morning.

"My hope is that we`ve got some specific announcements that show the connection between what we`re doing overseas and what happens here at home when it comes to job growth and economic growth," Obama said indicating that there will be some major announcements in this regard in India.

According to some reports, India could place orders worth USD 12 billions including military and commercial sales that would create some 60,000 jobs in the US.

"The bottom line is that all around the world, countries are moving; they are serious about competing; they are serious about competing with us not just on manufacturing but on services; and they`re competing with us when it comes to educational attainment, when it comes to scientific discovery," Obama said.

"So we can`t afford two years of just squabbling. What we need to do is make sure that everybody`s pulling together, Democrats and Republicans and independents, folks at the federal level and the state levels, private sector with the public sector, to make sure that America retains its competitiveness, retains its leadership in the world," he said.

Obama had said almost the same thing at his press conference on Wednesday.

"As I plan for my trip later this week to Asia, the whole focus is on how are we going to open up markets so that American businesses can prosper, and we can sell more goods and create more jobs here in the United States," he said.

"And a whole bunch of corporate executives are going to be joining us so that I can help them open up those markets and allow them to sell their products," Obama said.

Several top American CEOs would join Obama in his India leg of his trip both in Mumbai and New Delhi.

In Mumbai, Obama would address a meeting of top Indian and American business executives; besides having a separate meeting with American CEOs in India that time including Indra Nooyi of Pepsico. He would also meet the members of the Indo-US CEO Council.


First Published: Thursday, November 4, 2010 - 21:57
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