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‘India-US will help each other grow in a dynamic global marketplace’ – Arun K. Singh

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By Arun Kumar

Washington: India’s lowering of barriers to investment and encouraging business expansion will help US and Indian companies to further increase their presence in each other’s country, according to Indian ambassador Arun K. Singh.

Image from indiaopines.com
Image from indiaopines.com

“The exchange is good for both nations and should be encouraged,” he said in a blog post in The Hill, a top US political website, noting the two are “economic powerhouses that are helping each other grow in a dynamic global marketplace.”

“We have a stake in each other’s economic future – and that future is very bright,” Singh said citing a new report about Indian companies pouring investment dollars into businesses in the US and creating tens of thousands of American jobs.

The report from the Confederation of Indian Industry and the accounting firm Grant Thornton reveals that not only is Indian investment in the US large, it’s also extremely widespread and clearly growing, he noted.

The 100 Indian-based companies surveyed for the study have made an aggregate $15.3 billion investment in their US operations and created 91,000 jobs in the US, “which by any measure is a substantial contribution to the American economy,” Singh wrote.

The US isn’t just a favoured destination for the time being; it is likely to remain attractive for Indian investors for years, he wrote citing the survey, he said.

“These substantial investments are also a testament to the trust and openness that India and the US enjoy both at the people-to-people and government-to-government levels,” Singh said.

Noting that India, according to Select USA, is now the fourth-fastest growing source of foreign direct investment into the US, he said, “the significant and growing contributions of Indian investments in the US remain a vital component of the bilateral relationship.”

American firms have long been major investors in India, but efforts by Prime Minister Narendra Modi to make economic growth a hallmark of his administration have accelerated US investment there, he said.

India has been lowering barriers to investment and encouraging business expansion, Singh said noting the Indian government has over the past year raised limits on foreign investment in sectors such as insurance, medical devices, railways and defence.

“This will no doubt provide myriad opportunities for US companies to increase their presence in India and will strengthen Indian companies so that they can enlarge their footprint in the US,” he wrote.

(IANS)

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HP Unveils its Convertible ENVY x360 in India

The HP Pavilion Tower 590 is available at a starting price of Rs 22,990 (+GST)

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HP launches premium convertible ENVY x360 in India. Flickr

Expanding its premium portfolio, HP Inc. on Tuesday launched the HP ENVY x360 convertible powered by AMD Ryzen processor for the millennials in India.

HP ENVY x360 with AMD Ryzen R3 processor would be available from November at a starting price of Rs 60,990.

The variant with 256GB storage will cost Rs 74,990. The company is also offering a bundled HP Active Pen that works with Windows Ink.

“We have about 30 per cent share in the premium segment and this is growing much faster than the lower-priced segment. We’re expecting to increase our share and get rapid uptake from the customers,” Vickram Bedi, Senior Director, Personal Systems, HP Inc. India, told IANS here.

“At HP, we believe in insights-driven innovation that enables us to deliver the PC experiences that users want. The HP Envy x360 is a combination of sleek design, optimum performance and quality at an affordable cost,” he added.

The convertible features the all new HP Command Center which lets users optimise system performance, fan noise and temperature with its CoolSense technology.

The device supports Gigabit Wi-Fi speeds, to provide fast Internet connections for demanding streaming apps for movies, music and gaming.

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HP ENVY x360 with AMD Ryzen R3 processor would be available from November at a starting price of Rs 60,990.. (IANS)

The unique design of the laptop draws inspiration from hand-crafted pieces that feature the Damascus pattern — a high precision technique used in manufacturing specialty knives, known to be tough and durable, the company added.

AMD Ryzen processor gives performance up to 12.5 hours of battery life, charging from zero per cent battery life to 50 per cent on 45 minutes charge with HP Fast Charge technology, the company claimed.

The Corning Gorilla Glass NBT touchscreen gives highly intuitive reaction, with HP Active Pen for a seamless and natural work experience.

The device is available in Dark Ash Silver colour with an angular Damascus pattern, thin bezels and edge-to-edge backlit keyboard.

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Devices including the HP Pavilion 15 ultra-thin 15-inch laptop, HP Pavilion Tower 590 desktop and the HP 15 Notebook were also unveiled.

The HP Pavilion 15 laptop with AMD Ryzen R5 processor would be available in November at a starting price of Rs 62,990 while the one with AMD Ryzen R3 processor is available now at a starting price of Rs 36,990.

The HP Pavilion Tower 590 is available at a starting price of Rs 22,990 (+GST). (IANS)

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