Combining their respective strengths in creativity and research, Indian and US firms can grow their business relationship in the coming years and contribute to the global economy, says a study.
USIBC had hosted a executive committee briefing.
Already India is a global leader in high technology. The nuclear deal will end India's nuclear isolation and enable India to become a global champion of the nuclear renaissance, combating global climate change, USIBC President Ron Somers said.
"The N-deal is not only the highest visible symbol of cooperation between India and the United States, it represents a new turn -- it is a very special cooperation."
The US-India Business Council on Monday termed growing ties between Washington and New Delhi as a 'catalyst' for continued economic growth, even as a former US envoy wanted the two countries to go beyond rhetoric.
In a letter to the bipartisan group of eight Senators -- called Gang of Eight -- who are working on the negotiations for a comprehensive immigration reform, the council has opposed several provisions of the proposed bill, which it believes, if implemented, would end up targeting Indian companies.
The last meeting of the 2+2 was held in New Delhi and the next meeting is to be hosted by the US in Washington, DC.
In an interview with Business Standard, USIBC president Ron Somers explains the significance of the the US-India partnership.
USIBC officials attended the White House Signing Ceremony to witness President Bush's endorsement of the legislation passed by an overwhelming bipartisan majority of the US Congress on December 9, 2006.
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
India with its promise of higher return on investments offers boundless opportunities for corporate America to invest in the country, particularly in manufacturing and infrastructure, Commerce and Industry Minister Anand Sharma has said.
The US-India Business Council has hailed American cooperation in India's first unmanned lunar mission Chandrayaan-I saying it marks the beginning of a new era of trust and partnership between the two countrys in the field of space exploration.
The USIBC said that this was 'a significant step that puts decades of Cold War baggage behind the world's two largest democracy', and that in achieving 'consensus' on this 'key bilateral agreement', it held out the promise 'to bolster the US and India as reliable partners for the long future in the sensitive areas of defence and security trade'.
William S Cohen, former defence secretary in the Clinton administration and a three-term Republican United States Senator and currently the chairman and CEO of the Cohen Group and a member of the board of directors of the US-India Business Council, has applauded the appointment of Nirupama Rao as the new ambassador to the US. It comes as a propitious time when there's a sense that the US-India relationship is adrift, he has said.
Stating that the deal had good bipartisan support, Rice said: "I do not believe this initiative is Republican or Democratic."
The USIBC calls for legislation and implementation of the plan that provides certainty in India's international tax treaties and investment structures.
USIBC encourages a dialogue between industry and the two governments to address how a constructive approach can protect Intellectual Property Rights.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
The United States India Business Council has conferred the USIBC 30th anniversary jubilee award for 'The US Company Contributing Most to the Indo-US Commercial Relationship' on US giant General Electric.
In addition to mounting its own effort and putting in all its resources to convince the US lawmakers that the killer provisions of the comprehensive immigration reform bill -- that has been introduced in the Senate by the bipartisan group of eight Senators called the Gang of Eight -- the top business group representing the interest of US companies doing business in India is in the final stages of hiring a top lobbying firm for the purpose.
The Confederation of Indian Industry (CII) on Thursday said it believes that India-US bilateral economic ties would be a high priority for President Joe Biden-led administration in America. "The Indian industry feels that with President Biden and Prime Minister (Narendra) Modi at the helm, the two countries would play a strong role in re-shaping the global economic agenda together," CII president Uday Kotak said. Congratulating Biden on assuming charge as the 46th President of the US, Kotak said, "President Biden's experience in re-building the US economy during the Great Recession would help strengthen the US and global economic recovery in the aftermath of the pandemic."
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
Observing that voices of protectionism emanating from the political quarters, is an issue of concern for American businesses, an Indo-US chamber has said it believes that such trends need to be resisted.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
Led by Ajay Shriram, chairman and senior managing director, DCM Shriram, the CEO's delegation seeks to convey to their American counterparts the sense of optimism amongst Indian industry.
US companies are 'positively looking' at India.
The US-India Business Council said on Friday it has appointed Joseph Gilmour, chairman and chief executive officer of insurance firm New York Life International, to its board of directors.
Indian tech professionals are one of the major beneficiaries of H-1B visas.
The prime minister said that a larger Indian economy has multiple benefits for the world
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Congratulating Narendra Modi on becoming the Prime Minister, India Inc on Monday said it is looking forward to an era of renewed trust and expressed confidence that the nation will leapfrog into a higher orbit of growth creating more jobs, income and social stability.
Sources indicated defence and national security initiatives.
United States Ambassador to India Nancy Powell plans to meet Narendra Modi, signalling a shift in America's stand towards the Bharatiya Janata Party's prime ministerial candidate in connection with the 2002 Gujarat riots.
'Indians go to vote next week -- the world's oldest democracy should both celebrate and perhaps analyse this event and its implications.' Dr S Jaishankar, India's ambassador to the US, offers prescriptions for India-US ties.
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
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