Sunday, July 1, 2012

Reality Check: President Pratiba Patil Foreign Visits Deflates Economy

Industry chambers — Assocham, CII and Ficci sing praises
‘Pratibha’s foreign trips boosted trade ties’
PTI The Hindu New Delhi, June 18, 2012

Facing criticism over her numerous foreign visits costing the exchequer Rs. 205 crore, President Pratibha Patil got some reprieve from industry chambers, which claimed that her trips had helped opened new vistas for bolstering trade ties.
Ms. Patil’s foreign trips had raised eyebrows when a query made under RTI revealed that Rs. 205 crore had been spent on her travel expenses since she assumed office in July 2007, surpassing the record of all her predecessors.
During her tenure, President Patil has undertaken 12 foreign trips, covering 22 countries across four continents and spending 79 days abroad.
Industry chambers — Assocham, CII and Ficci on Monday presented a booklet titled ‘Engaging the World’ to Ms. Patil on Monday. The booklet said that during her visits, issues of concern to Indian industry were raised, MoUs were signed and trade and investment prospects of Indian industry were addressed.
“The impact of these state visits has been multi-pronged. New vistas have been opened for Indian businesses...,” Ficci secretary-general Rajiv Kumar said in a message in the booklet.
Mr. Kumar said that as an active participant in the President’s visits, Ficci was able to expand its reach to new regions, cultivate institutional cooperation and develop business synergies.
CII director-general Chandrajit Banerjee said the President’s visits provided good exposure and much-needed access and networking opportunities for the business delegates.
Echoing similar views, Assocham secretary-general D.S. Rawat said the visits to various countries have given a major fillip to the business houses in terms of enhancing their stature and credibility, which in turn has provided them the right platform for meeting their economic engagements in the countries visit.
Pratibha’s foreign trips boosted trade ties’

No comments:

Disclaimer

The contents posted on these Blogs are personal reflections of the Bloggers and do not reflect the views of the "Report My Signal- Blog" Team.
Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)

Resources