Word: gandhis
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...Gandhi comes as a friend...
...difficult to imagine two nations more different than ours," said the leader of the ancient country that is the world's most populous democracy. Clad in a silk sari, India's Prime Minister Indira Gandhi was met on the White House South Lawn last week by the President of the world's most powerful democracy. Her White House visit, highlighted by a glittering state banquet, was part of a whirlwind tour of America intended to reverse a decade of cool relations between the two countries. With a grandeur and grace that was reciprocated by her hosts...
...more than a generation after it won independence from Britain in 1947, India steadfastly tried to become self-sufficient in virtually everything from steel to grain. Now, however, the government of Prime Minister Indira Gandhi has departed from that policy and begun the careful wooing of foreign investment. Says a highly placed New Delhi official: "The old approach of doing everything ourselves has clearly failed to work...
Doors are now swinging open for a wide variety of foreign projects in India. The Gandhi government recently obtained $680 million in loans on the Eurocurrency market to build an alumina plant southwest of Calcutta. France's Aluminium Pechiney will be constructing the factory. New Delhi also plans to build eight 1,000-MW electric-generating stations at a cost of nearly $1 billion each. The first of these will be built by a British consortium headed by Northern Engineering Industries of London...
...been unwilling to grant its companies favorable credit arrangements on their Indian projects. Complains one American diplomat: "European commercial attaches go around like salesmen from company to company booking orders. We just can't do that." U.S. investment in India will undoubtedly be one of the items on Gandhi's agenda during a visit this week to Washington...