MUNI THE BOSS

In a reply to NDTV's question if his (President Obama's) visit was more about creating jobs in the US, the President said that the two countries match up for a win-win potential.

"Some deals will create jobs in the US," Obama admitted, adding, "Some of our hi-tech industries make the best products and we want them to sell to India. The same technology will help Indian entrepreneurs to create jobs in India."

In a reference to the electric car maker Reva (now owned by Mahindra) that is in partnership with American firm Curtis, the President said the Indian business people have taken American technology and these are being used in new ways to make profits and create jobs in India.

Obama said, "When American people ask me why you are visiting India, I want to say that look India just created 50,000 jobs and so we should not be talking about protectionism."

PM Manmohan Singh said, "Indians were not in the business of stealing jobs from the US. We have helped increase the productivity of the US." The PM said that the new deals have been signed in the infrastructure space which is the biggest bottleneck in the country's development and this was an example of a win-win situation for both the countries.




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