Washington, Mar 3 (UNI) Minnesota Legislative member Erik Paulsen (R-Eden Prairie) has introduced a legislation to create an India Centre at the University of Minnesota citing the ''need to foster a closer relationship with one of the fastest growing economies in the world.'' Paulsen, in his statement on Thursday, said ''India and South Asia are an important and growing partner in our state's economic development. We need this centre to better position Minnesota to forge a close economic relationship in the future.'' '' We live in a global economy. Minnesota can compete and win in the world economy if we have the tools, training and relationships to succeed," he said.
Paulsen's idea for the India Centre parallels the successful China Centre located at the University since 1979.
''The University recognised China's emergence as an economic superpower long before many even considered its potential for the state's economy," Mr Paulsen said.
As part of its mission, the India Center would foster an understanding of Indian history, culture and values, serve as a resource to promote economic, governmental and academic pursuits; and facilitate cultural and educational exchanges, collaborative research, and teaching and training activities.
''India has been making enormous strides in recent years. It only makes sense for Minnesota to build institutions and relationships with India as we have done with China,'' he said.
India is one of Minnesota's fastest growing trade partners, with exports up 114 per cent during 2001-2005. The US Commerce Department lists India as United States' 26th largest trading partner and one of the 10 big emerging markets.
The services sector in India contributes more than 60 per cent to the gross domestic product. With a population of more than one billion and more than 600 million people under the age of 25, it is estimated that by 21st century, every sixth human being will be an Indian.
While many people believe the 21st century will be transformed by China, Paulsen emphasised that India cannot be ignored. The population of India combined with its emerging presence in manufacturing excellence, IT, pharmaceuticals and bio-technology presents an incredible opportunity for Minnesota to foster relationships with the country and encourage economic development.
''An India Centre could benefit our state greatly, and it would fit well with the University's mission as a land-grant institution,'' he noted. ''At the same time, as one of the nation's great public research universities, the 'U' is at the forefront of applied research, which can benefit our trading partners in south Asia.'' ''For example, India doesn't have energy sources. As a leader in the development of renewable energy, Minnesota can show them the way,'' Mr Paulsen said.
Hen noted that the state has already taken some steps to recognize India as a potential key partner for the future. Governor Carlson sent a trade mission to India in 1995, and Governor Pawlenty has one scheduled for later this year.
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Paulsen's idea for the India Centre parallels the successful China Centre located at the University since 1979.
''The University recognised China's emergence as an economic superpower long before many even considered its potential for the state's economy," Mr Paulsen said.
As part of its mission, the India Center would foster an understanding of Indian history, culture and values, serve as a resource to promote economic, governmental and academic pursuits; and facilitate cultural and educational exchanges, collaborative research, and teaching and training activities.
''India has been making enormous strides in recent years. It only makes sense for Minnesota to build institutions and relationships with India as we have done with China,'' he said.
India is one of Minnesota's fastest growing trade partners, with exports up 114 per cent during 2001-2005. The US Commerce Department lists India as United States' 26th largest trading partner and one of the 10 big emerging markets.
The services sector in India contributes more than 60 per cent to the gross domestic product. With a population of more than one billion and more than 600 million people under the age of 25, it is estimated that by 21st century, every sixth human being will be an Indian.
While many people believe the 21st century will be transformed by China, Paulsen emphasised that India cannot be ignored. The population of India combined with its emerging presence in manufacturing excellence, IT, pharmaceuticals and bio-technology presents an incredible opportunity for Minnesota to foster relationships with the country and encourage economic development.
''An India Centre could benefit our state greatly, and it would fit well with the University's mission as a land-grant institution,'' he noted. ''At the same time, as one of the nation's great public research universities, the 'U' is at the forefront of applied research, which can benefit our trading partners in south Asia.'' ''For example, India doesn't have energy sources. As a leader in the development of renewable energy, Minnesota can show them the way,'' Mr Paulsen said.
Hen noted that the state has already taken some steps to recognize India as a potential key partner for the future. Governor Carlson sent a trade mission to India in 1995, and Governor Pawlenty has one scheduled for later this year.
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