Mumbai attacks won’t affect investor confidence: US-India council

December 2nd, 2008 - 9:35 pm ICT by IANS  

New Delhi, Dec 2 (IANS) The Nov 26 terror attacks at India’s commercial capital of Mumbai will not affect investor confidence in the country and the terrorists’ aim to cripple India’s economic rise will fail, the US-India Business Council said Tuesday.The business advocacy group, comprising several top US companies, said in a message to its members that it was “more than ever firmly resolute in our commitment to deeper US-India commercial ties”.

The council added that it would stick to its plans to bring various business delegations from the US to India.

A business team, representing the US nuclear industry, which was scheduled to arrive in India Tuesday, cancelled the visit after the Mumbai attack.

However, the USIBC statement said the team would certainly come to India. “Please have no doubt that the USIBC will soon reschedule its commercial nuclear executive mission to India,” it said.

The executive mission to India to advance the information, communications and technology dialogues will start from Dec 8.

The council has also tied up with the Federation of Indian Chambers of Commerce and Industry for the Frames seminar and exhibition, to be held in February 2009.

Praising the city for its resilience, it noted, “In your courage and your spirit, you have taught us what it means to be a Mumbaikar. Bravo Mumbai!”

But, it indirectly warned the Indian government against raising tensions with neighbouring Pakistan.

“After the attack on India’s parliament in 2001, when a million troops were amassed on the Indo-Pak border, can we ever forget the evacuation of all expatriates and, with them, the spigot of FDI (foreign direct investment) being needlessly shut off? As business, we hope this will not be repeated,” said the USIBC.

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