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US President Barack Obama's visit to India will provide a big thrust to business ties between the two countries and create a win-win situation for companies from both countries, says Dinesh Keskar, head of aircraft giant Boeing in India. In an exclusive interview with G Ganapathy Subramaniam of ETa day after Obama landed in India, he said Indian companies will now get access to high-end technologies from the US while American companies can look forward to more exports to India. The 'trust factor' will now go up several notches and more American companies will land up here, feels Mr Keskar who is also the chairman of American Chamber of Commerce in India. Excerpts:
What does the visit of Obama mean to India-US business relations?
The US is known for innovation and India is known for talent, especially in sectors like information technology. What I expect to see now is the two combining to create benefits for both sides. Liberalisation of export controls will enable India to get access to top-end American technology which will help in various sectors, including defence and energy. American companies will get to do more technology business with India and this will create jobs in the US. The technology transfer and off-set business will create more opportunities for companies like Hindustan Aeronautics and Bharat Electronics in the public sector and big corporate players like the Tatas, Infosys, Wipro and HCL. The US President wants to double American exports in five years and incremental exports to India will be a key part of that. When the relaxation in technology export curbs enables American companies to provide more military equipment to India, there will be a new cycle of business creation in both countries.
What is your view on issues like protectionism that Indian corporates are complaining about?
Indian IT companies have been doing good business in the US. There is an understanding that Indian engineers bring skills which are important for American companies, especially at a price that enables US industry to stay competitive. Enhanced business ties between the two countries will result in bilateral issues getting resolved over a period of time. Obama's visit is extraordinary and unprecedented if you look at the large delegation which has come with him and also the fact that this is his longest overseas visit. I have no doubt that the President's visit will add new momentum to bilateral business relations.
For a large American company like Boeing, how will the outlook on India shape up after Obama's visit?
The $2.7-billion order from SpiceJet to buy 30 Boeing 737 aircraft was announced in the presence of the President. We see it as a key landmark since this is the first big aircraft order from India, post slowdown. We see the Indian aviation industry growing at 15% per annum, which is a strong recovery from the slowdown.
What does the visit of Obama mean to India-US business relations?
The US is known for innovation and India is known for talent, especially in sectors like information technology. What I expect to see now is the two combining to create benefits for both sides. Liberalisation of export controls will enable India to get access to top-end American technology which will help in various sectors, including defence and energy. American companies will get to do more technology business with India and this will create jobs in the US. The technology transfer and off-set business will create more opportunities for companies like Hindustan Aeronautics and Bharat Electronics in the public sector and big corporate players like the Tatas, Infosys, Wipro and HCL. The US President wants to double American exports in five years and incremental exports to India will be a key part of that. When the relaxation in technology export curbs enables American companies to provide more military equipment to India, there will be a new cycle of business creation in both countries.
What is your view on issues like protectionism that Indian corporates are complaining about?
Indian IT companies have been doing good business in the US. There is an understanding that Indian engineers bring skills which are important for American companies, especially at a price that enables US industry to stay competitive. Enhanced business ties between the two countries will result in bilateral issues getting resolved over a period of time. Obama's visit is extraordinary and unprecedented if you look at the large delegation which has come with him and also the fact that this is his longest overseas visit. I have no doubt that the President's visit will add new momentum to bilateral business relations.
For a large American company like Boeing, how will the outlook on India shape up after Obama's visit?
The $2.7-billion order from SpiceJet to buy 30 Boeing 737 aircraft was announced in the presence of the President. We see it as a key landmark since this is the first big aircraft order from India, post slowdown. We see the Indian aviation industry growing at 15% per annum, which is a strong recovery from the slowdown.
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