WASHINGTON--(BUSINESS WIRE)--The U.S.-India Business Council (USIBC) today previewed plans for its 38th Anniversary Leadership Summit, scheduled for July 11, 2013 in the U.S. Capital. The meeting will feature senior leadership from the Government of India, including Union Finance Minister P. Chidambaram, Union Commerce Minister Anand Sharma, and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia. Newly appointed United States Trade Representative Michael Froman will offer keynote remarks on behalf of the Obama Administration. The Summit, themed Agenda for Progress, will focus on ways to make the U.S.-India partnership stronger, to the benefit of both countries.
"India is a long-term business opportunity that holds tremendous opportunities for industry. We are looking forward to productive meetings that bring together both governments and U.S. and Indian business leaders to discuss proactive ways to eliminate investment barriers and deepen commercial ties. The result will be economic growth and job creation for both countries,” USIBC President Ron Somers, said.
USIBC will also release a new publication titled Investing in America, How India Helps Create American Jobs during the meeting, to demonstrate the ways the American economy is already benefiting from the successful bilateral and business relationship. Indian investment in the U.S. recently touched $11 billion, with as many as 100,000 American jobs created.
USIBC has launched the Coalition for Jobs and Growth (CJG) aimed at ensuring the comprehensive immigration reform working its way through the U.S. Congress does not include narrow provisions that would be harmful to U.S. businesses and the bilateral relationship. Discussions at the meeting will look for ways to chart the future course of U.S.-India commercial ties.
U.S. executives in attendance this week include Ajay Banga of MasterCard who serves as USIBC’s chairman, Sanjay Bhatnagar of Waterhealth International, Louis Chênevert of United Technologies Corporation, Wim Elfrink of Cisco, Dave Cote of Honeywell, Paul Jacobs of Qualcomm, Harold McGraw III of The McGraw-Hill Companies, and Indra Nooyi of Pepsico.
Indian Executives Hari Bhartia of Jubilant, Sunil Bharti Mittal of Bharti Enterprises, Chanda Kochhar of ICICI Bank, Preetha Reddy of Apollo Hospitals, Analjit Singh of Max Healthcare, and Ratan Tata of the Tata Group will also be featured guests.
Highlights of the meeting include:
- Partnering with Confederation of Indian Industry (CII), USIBC will feature the first of its kind Ambassadors’ Roundtable that will bring together all former U.S. Ambassadors to India that have helped U.S. companies play a crucial role in India’s economic liberalization, which opened the Indian economy in 1991. Ambassadors Thomas Pickering, Frank G. Wisner, Richard Celeste, Robert Blackwill, David Mulford, and Timothy Roemer will participate in a ‘no holds barred’ colloquy, discussing what steps are needed to revive momentum in the U.S.-India commercial and strategic partnership.
Congressman Ami Bera, the first-ever U.S. Congressman of Indian
origin, and India Caucus Chair Congressman Joe Crowley, will share
their hopes for the U.S.-India partnership.
- USIBC will present its 38th Anniversary Global Leadership Awards to Louis Chênevert of United Technologies, and to Analjit Singh of Max Healthcare. The award denotes industry-wide appreciation for the commitment companies are making to the advancement of U.S.-India commercial ties.
- The Indian government’s most senior leadership and the U.S. Trade Representative will identify barriers to trade and investment and propose solutions to deepen the U.S.-India commercial relationship which crossed $100 billion this year in two-way trade in goods and services.
- U.S.-India CEO Forum chairs Ratan Tata of the Tata Foundation and Dave Cote of Honeywell will share their aspirations for a robust future of prosperity and job creation that will benefit both countries.
Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council (USIBC) is the premier business advocacy organization advancing U.S.-India commercial ties. Today, USIBC is the largest bilateral trade association in the United States, headquartered in Washington, DC, with liaison presence in New York, Silicon Valley, and New Delhi, comprised of more than 350 of the top-tier U.S. and Indian companies. Ajay Banga, President & CEO of MasterCard, is USIBC’s chairman.