September 25, 2013
by Deccan Chronicle

The influential American IT and telecom industry on Wednesday sought intervention of the Obama Administration against what they alleged are “discriminatory” Indian policies, which they claimed has resulted in several hundred millions of dollars of losses in the last quarter.

“In discussions with our member companies, we have quantified the potential Q4 losses at several hundred million dollars, with billions of dollars of lost exports and sales at risk in 2014 if these requirements remain in place. If left in place, these policies could shut out US technology companies from a critical emerging market,” information technology industry council said in a letter to Obama Administration.

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