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Follow UsBANGALORE: US President Bill Clinton said on Friday that his five-day visit to India had helped generate business agreements worth $4 billion. There was also a possibility of the US Exim bank extending loans worth $1 billion for investments in India.
The US President also announced a $5-million package for development of Internet in rural areas of the country. "This week American companies signed agreements worth $4 billion in India and tied-up possible loans worth $1 billion from Exim Bank for medium and small industries," Mr Clinton said in Mumbai.
Earlier in the day, during his visit to Hyderabad, the US President said India had the potential to become the world's largest economy using the power of Internet for education. Addressing business leaders and it entrepreneurs in the city, Clinton said Internet could help the poorest regions in the world to have access to the same learning materials that the richest schools provide to their students.
Mr Clinton called for greater use of Information Technology in the area of education. Speaking to a cross section of selected people from the society in Hyderabad, the President said that the most modern education material could be deilvered to students in remote villages through computers and communications. "The children in these villages would enjoy the same education material as the richest students in the US," he added.