Two weeks ago, I spoke about our global economy and how we as business owners, leaders and entrepreneurs, have the opportunity and responsibility to identify ways to leverage and enhance economic reform in our world. This week, President Barack Obama and Prime Minister Narendra Modi, were together for what is seemingly both a ceremonial gesture, but also a sign of a new era of friendship and goodwill between the US and India.
Barack Obama was the chief guest at India’s Republic Day parade after accepting an invitation that is one of the biggest honors a country can bestow on a foreign leader. In addition to participating in this special occasion, the two leaders had a firm agenda. This included a discussion of the positive climate change between the two countries, defense/weapons and the continued focus on economic development/reform. In fact, on Sunday Obama and Modi signed a new 10-year bilateral defense pact and agreed to cooperate on building an aircraft carrier and other projects. This is considered a win/win for both sides. Ultimately the pact will create more jobs and helps to reinforce the peace commitment between both parties.
This is not Mr. Obama’s first visit to India. It is reported that he is actually the first U.S. president to visit India twice while in office. Clearly another indication of the how the US and India are geared up to work together and commit to a new era of partnership.
To me, the bear hug offered by Modi to Obama was a clear sign that this partnership is not just rooted in policy but in friendship. Friends root for one another. Friends help one another. The US relies on India and India relies on the US. According to Statistic Brain, over 2M US jobs were outsourced in the last 12 months. The top three countries for outsourcing were, in rank order, India, Indonesia and China. The primary driver for seeking talent across the world was to reduce operating costs and to acquire IT resources not available locally.
As a global entrepreneur, I can see the value of working both in the US and abroad. The partnership between countries, like the US and India, will simply make it easier for everyone to work together and realize economic success. In my opinion, we are no longer limited to our immediate environment. Businesses today are evolving, expanding and generally speaking, forming footprints that are diverse and unique like a patchwork quilt.
For example, while the Creative Choice team I founded to focus on real estate development and investment is in Palm Beach Gardens, Florida, the Etech team has offices across the US and in India. InfoCity, one of India’s first real smart cities, is yet another project that highlights the value of working across the globe. Collectively they may look like a mismatch. But like the friendship between Modi and Obama, there is a single tie that binds these things together. For me that bind is rooted in hiring/employing the best people, fostering an excellent customer experience and recognizing success over the long term. Now is the time to find the tie that binds you!