[0] ROUNDTABLE DISCUSSION AT THE U.S.-INDIA BUSINESS COUNCIL 34TH ANNIVERSARY "SYNERGIES SUMMIT" PANELISTS: RON KIRK, UNITED STATES TRADE REPRESENTATIVE; INDRA NOOYI, CHAIRMAN & CEO OF PEPSICO; TARUN DAS, CHIEF MENTOR OF CONFEDERATION OF INDIAN INDUSTRIES; KARAN BHATIA, FORMER DEPUTY U.S. TRADE REPRESENTATIVE LOCATION: U.S. CHAMBER OF COMMERCE, WASHINGTON, D.C. TIME: 3:30 P.M. EDT DATE: WEDNESDAY,... (Part 4).
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Article Excerpt
ROUNDTABLE DISCUSSION AT THE U.S.-INDIA BUSINESS COUNCIL 34TH ANNIVERSARY "SYNERGIES SUMMIT" PANELISTS: RON KIRK, UNITED STATES TRADE REPRESENTATIVE; INDRA NOOYI, CHAIRMAN & CEO OF PEPSICO; TARUN DAS, CHIEF MENTOR OF CONFEDERATION OF INDIAN INDUSTRIES; KARAN BHATIA, FORMER DEPUTY U.S. TRADE REPRESENTATIVE LOCATION: U.S. CHAMBER OF COMMERCE, WASHINGTON, D.C. TIME: 3:30 P.M. EDT DATE: WEDNESDAY, JUNE 17, 2009(Part 4)
MR. DAS: I'm so glad you talked about these small businesses, which constitute such a large part of trade and industry in business. In India, for nearly 50 years after independence, the private sector was essentially a no-no. You know, they were in the corner of the room. Today they are center stage. After 1991, liberalization, deregulation, competition, the private sector was then given a larger and larger role in the economy of the country.
And, of course, a model for us is the U.S., because the U.S. has been a role model of private sector initiative, private sector leadership in the economy, in business and trade. Today we are seeing new controls in the U.S. on the private sector because of the crisis that's happened here.
On our side, we are seeing a greater freedom for the private sector. And, you know, -- (inaudible) -- is an experience is an experience of both countries, in a way. And I think, hopefully, what I'm saying is correct even for PepsiCo, in India. There is more space to do more stuff.
There were many more. When they came in first...
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