Obama’s visit to India

Wednesday, October 13, 2010

Obama’s visit to India

Things could change a little next month for US economy, when US president Barrack Obama is scheduled to set his foot on Indian soil.

According to well placed sources, the Indian Railway minister could clinch a deal with US president, a move which would considerably benefit US economy.

Indian railways are beginning a new construction plan, and expected to place new orders very soon. The two companies who are in the thick of things to grab a deal are a US based company, Electro-Motive Diesel, and GE.

Indian Railway Minister, Mamta Bannejee had forecast a closed deal next month, if the plan works out well.

The new initiative by Indian Railways would certainly create few thousand jobs in United States, which could be a great gift, India is all set to offer to US.

The jobs would be created mainly in three places, namely, Erie, Pennsylvania, or it could be at LaGrange as well.

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