Clinton's visit sews up $4bn deals

Vol 4, PW 4 (29 Mar 00) News in Brief
     

Bill Clinton's visit to India - the first by a US president in 22 years - witnessed the signing of deals worth $4bn.

The US ExIm Bank also agreed to provide $1bn line of credit to two Indian banks to finance the purchase of US goods. Clinton concluded his visit in Bombay last Friday, where he had a private meeting with Reliance boss Dhirubhai Ambani.

(See below, 'Clinton's meeting with Reliance Industries'). Clinton's speech to India's parliament was well received, despite oblique references to Kashmir ("These are contentious issues").

He flew to Pakistan on Saturday and in a live address on Pakistani television called for the return of democracy.