The American corporate sector has flayed the US government's move to increase visa fees for IT professionals, saying the bill is "discriminatory" against foreign companies and would undermine investment relations with India.
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.
"As Prime Minister (Narendra) Modi said in his latest campaign, 'Modi hai to mumkin hai,' or 'Modi makes it possible', I'm looking forward to exploring what's possible between our people," Pompeo said in his major India policy speech at the India Ideas Summit of US-India Business Council on Wednesday.
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.
In an interview with Business Standard, USIBC president Ron Somers explains the significance of the the US-India partnership.
United States President Barack Obama will visit Mumbai on November 6, during his four-day mission to India, US-India Business Council announced on Monday.
India's top IT companies need to open new facilities in the United States to create more employment opportunities for locals and to change the perception that they were job-takers, a leading US business forum representative has 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.
Somers said, "Number one, the message has to be that now we are living in a global economy and that a knowledge partnership with India is enabling our American companies team with their Indian partners to remain globally competitive."
There are many Americans whose only experience with trade and globalisation has been shuttered factories.
Looking ahead to global economy of the future, the US-India Business Council (USIBC) has announced the launch of a new initiative aimed at strengthening institutional linkages between academia, industry and NGOs focusing on the elementary, vocational and higher education sectors in both countries.
"We are very clear it is an absolute must in the bouquet of energy resources which have to be accessed," Commerce and Industry Minister Anand Sharma told a gathering of top US c corporate leaders and those from the US government at the annual summit of the US India Business Council (USIBC).
Speaking at a summit organised by the US-India Business Council in Washington DC, Secretary of State Hillary Clinton pushed for stronger economic and diplomatic ties between the United States and India.
Nadella's visit comes at a time when the Indian government is taking a strong position on issues like data localisation and tightening the rules for e-commerce companies as well as social media platforms.
Ron Somers, president, US-India Business Council, which lobbied to get the US-India nuclear technology deal approved, like the rest of the American business fraternity, is upset by India's recent purchase of nuclear reactors and sophisticated technology and weaponry from Russia.
Sachin Pilot, Minister of State for Telecommunications and Information Technology, has predicted that, thanks to the mobile technology boom, telephone calls and related charges in India would soon be free. Pilot said that in such a scenario, telecom companies would have to think of novel ways to make money, with services such as data transfer to survive and stay competitive.
The Indian film industry joined hands with Hollywood on Wednesday to counter piracy.
The Washington-based USIBC represents some 350 American companies, including many in Fortune 500 list, like Boeing, Wal Mart, PepsiCo and General Motors and Lockheed Martin that do business in India.
Stating that New Delhi has credible evidence that a portion of US aid to Pakistan is being used against India, the Congress party has asked the Obama Administration to have an effective monitoring mechanism of its civilian and military assistance to Islamabad.
'In today's economically integrated world, economic relationships constitute the bedrock on which social, cultural and political relationships are built,' the minister tells the US-India Business Council in Washington, DC.
Indra Nooyi, the outgoing chairman of the US-India Business Council, said that the two of the major achievements during her tenure were the signing of the US-India civilian nuclear deal - where the USIBC played a catalytic role in garnering support on Capitol Hill - and the univocal support extended by the members following the 26/11 Mumbai terror attacks.
The Indian government's identification of two 'greenfield' sites for commercial nuclear development, that will utilise US technology has been welcomed by the US-India Business Council (USIBC).
USIBC has seen exponential growth in the last five years, from just 80 companies as its members to now more than 350 top American companies, including scores of Fortune 500 and global Indian companies.
Ron Somers, president of the US India Business Council said with the US economy emerging from a devastating global recession, it was fortunate for the country to have India as a "vigorous trading partner".
The delay in the Nuclear Liability Bill, which has faced vehement protests by the Opposition in Parliament, has become a worrying factor for United States business and industry circles.
Aziz Haniffa reports from Washington, DC, on a summit designed to transform India's education.
Harold "Terry" McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies, has been elected as the chairman of the US India Business Council.
'The Bill is a feather in the government's cap'.
The recession hit US today said it wants to enhance dialogue with India on key trade policy issues, including the bilateral investment treaty under negotiation.
The US India Business Council said India's 2010-11 Budget defined important steps aimed at fuelling growth and signaled that the global recession of 2008-2009 is already a remnant of the past for it.
'When you look at the United States-India partnership and the relationship, this is a good news story.'
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'.
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
Noting that India's rapid growth is a critical engine of global economy, PepsiCo chief Indra Nooyi has said the business community in the United States was eager on playing an active role in the country's future economic development.
Besides addressing a high-level meeting of the US-India Business Council at Washington on June 17, Sharma will hold discussions with the US secretary of state Hillary Clinton. During his three-day engagements, the commerce and industry minister would meet US Commerce Secretary Gary Locke and US trade representative Ronald Kirk.
In a bid to restore investors' confidence after Mumbai terror attacks, the US-India Business Council has presented an optimistic assessment of the security situation in India, saying it is committed to doing trade with the country.
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.
As part of Prime Minister Dr Manmohan Singh's state visit to the United States at the invitation of President Barack Obama on November 24, India and the US are endeavoring to announce the convening of a India-US Education Council on the lines of the US-India Business Council, Human Resource Minister Kapil Sibal disclosed in Washington on Friday.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
India will be among the top five aviation markets in the world - both in terms of size and scale in the next five years, Civil Aviation Minister Praful Patel said.
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