U.S.-INDIA BUSINESS COUNCIL

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U.S.-INDIA BUSINESS COUNCIL 31 YEARS of GROWING
ENTERPRISE
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Scorecard on Reforms

• Progress
• Insurance FDI up to 26
• Electricity Act 2003
• Telecom up to 74
• Oil/Gas, Roads, Ports up to 100
• Transmission, Pipelines up to 100
• Real estate opened to 100
• Fairer and more equitable tax system
• Open Skies
• Resolution of Energy Legacy Issues
• Patents Act IPR Protection
• Retail (Single Product)
• Next Steps?
• Pensions
• Defense Cooperation
• Civilian Nuclear Cooperation

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Indias Energy Security Challenge
Oil discovery by Cairn Energy in 2004 Indias
demand will outstrip supply
Hydro-Electric Dam at Narmada constrained by
problems with environment
Gas pipeline from Turkmenistan, through Pakistan,
but questionable reserves
Coal supplies for 200 years, but high/ash, low
calorie value
Gas pipeline from Iran, discouraged by U.S.
Gas pipeline from Myanmar through Bangladesh
discouraged by U.S.
Kakrapar- Worlds first thorium-based nuclear
reactor
Gas discovery by Reliance in 2003 but will
service only fraction of Indias power needs
Tarapur- Indias civilian nuclear reactor
requires refueling