India-US economic ties to grow stronger: Nirupama Rao

Washington: Indian ambassador Nirupama Rao has expressed her “firm view” that India-US economic relationship would only become stronger over time despite concerns of businesses on both sides.

“Just as US businesses have some concerns, Indian industry has also highlighted its concerns,” she said Friday at the Centre for Strategic and International Studies’ (CSIS) Statesmen’s Forum – “US- India Economic Agenda in 2013”.

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India state oil firms press ahead with oil sands bid

India’s state oil companies intend to press ahead with plans to buy stakes in the oil sands and believe they will not run afoul of tougher rules on foreign ownership of the sector.

A consortium of Oil and Natural Gas Corp, Oil India Ltd and refiner Indian Oil Corp is among three bidders shortlisted to buy stakes in Canadian oil sands owned by ConocoPhillips (COP-N 57.77 -0.11 -0.19%). The assets could be worth up to $5 billion US.

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Canada’s opportunity to tap into giant India economy has never been better

As happened about a decade ago with China, Canada has been slow to realize the benefits of capturing a share of India’s $2-trillion-a-year economy.

With a tantalizing number like that, the Conservative government has been right to make increasing Canada’s foreign trade, especially in Asia, a top priority.

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