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Look beyond India’s markets: MPs Monday, 02.19.2007, 08:14pm (GMT-7) Representing the changing face of Indian politics, the all-party delegation of young Indian Parliamentarians who are members of the India-US Forum of Parliamentarians (IUFP) brought to fore the strengths and challenges shaping the Indian economy at an elite luncheon gathering of the US-India Business Council (USIBC), sponsored by the State Bank of India, at the exclusive Harvard Club in midtown Manhattan on Feb 13. Responding to a question on what Leading the delegation was BJ Panda, Member of the Rajya Sabha, the Upper House of Parliament, from Orissa and Co-chairman of the IUFP. Panda belongs to the Biju Janata Dal party. Others on the delegation were Prabhu, member of Lok Sabha from The young parliamentarians in their brief speeches, impressed upon the “It’s a great time to represent Despite talk of the phenomenal growth of the Indian economy, if there seem to be political snags in policy reform, Panda said that “in a country of a billion people, 29 states, 45 political parties, 22 different languages, building a consensus is not quick. But our own delegation representing a vast array of opinion belonging as we do to different political parties, demonstrates the real strength of It was not just the economics, but also the geo-political growth of There are several challenges to be overcome, he admitted. “We need to do a thousand percent more to be able to attract foreign investments, and still we would be attracting only one-sixth of what Trivedi, who is an alumni of the The former cabinet minister Prabhu said there was no international event these days, that’s complete without mentioning As the MPs indulged in amiable competition to attract investments in their respective states, Pilot said, “It does not matter which state you invest in, so long as you do it in India.” While challenges like lack of infrastructure, cumbersome bureaucracy etc. are commonly perceived problems, the real challenges facing Meghalaya MP Kharshiing said what people of On his part, Pilot said that having visited the However, Pilot added that what mattered most was how the life of the average Indian was bettered. “And the scope for doing that is phenomenal,” he pointed out. The MPs addressed questions raised by the audience on investments in Indian real estate, broadcasting and media, on Special Economic Zones, healthcare and efficiency of the government. While Kharshiing elaborately explained how Indian parliamentarians, despite their party squabbles and differences, were united when it came to serious developmental issues concerning the future of the country, Panda concluded by saying, “Let’s not pretend it’s not a rowdy place (the Parliament). A bird’s eye view perhaps shows only chaos. But there’s a method in all that madness. As an MP for the last six years, I have seen that no ruling government in the last five years has had a majority, but has been working with a coalition. And that’s the magic of it, and that’s what stands us in good stead.” The event was coordinated by Timothy G Massad, Board Member of USIBC; also in attendance were Consul General in New York Neelam Deo and Deputy Consul General AR Ghanashyam. |
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