January 12, 2016 – WASHINGTON, D.C. - The U.S.-India Business Council (USIBC) Board of Directors announced today that Council board members Edward Monser, President of Emerson and Punit Renjen, CEO of Deloitte Touche Tohmatsu Limited (Deloitte Global), have been selected as USIBC Vice Chairs.Renjen and Monser together represent over 60 years of experience and expertise in global manufacturing, business strategy, and business development, reflecting USIBC’s directive to maintain a diverse leadership. The announcement comes at the heels of former Cisco CEO John Chamber’s recent appointment to USIBC Chairman, opening a new chapter of leadership as the Council enters 2016.
“I am honored at the appointment, and I believe that there are tremendous opportunities this year to build on the U.S.-India relationship,” said Edward Monser. “With India’s push for advancement across industries, and initiatives like Make in India gaining momentum, I see several channels for collaboration, exchange of ideas, and exchange of technology between the two countries.”
“It is a privilege to serve as a USIBC board member and now as a Vice Chair. I am optimistic about the continued trajectory of U.S.-India relations and the positive impact this will have not only for our two countries, but indeed for the world,” said Punit Renjen. “In growing the exchange of talent between our two countries and further opening channels for increased trade and investment, we will be able to deepen innovation, create high-quality jobs and fuel our industries’ global competitiveness for the 21st century.”
“I congratulate these two great business leaders that I am certain will build on USIBC’s legacy. They have already made a substantial impact since becoming involved in the Council, and I look forward to working with them in this new capacity,” said Mukesh Aghi, President of USIBC. “Together, with our combined experience, we can tackle some of the most difficult challenges on both sides. We have already seen the expansion of FDI into the media and entertainment, single brand retail, and defense sectors. Indian states are also actively reaching out to investors here in the U.S., showcasing the power of competitive federalism. High on the priority list this year includes the passage of the Goods and Services Tax and land acquisition reform in India, as well as growing the manufacturing sector in order to consolidate India’s presence as a key player in the global economy.”
“Ed and Punit are both tremendous leaders, and they have done great work in promoting trade between our two countries as board members of the Council,” said USIBC Chairman John Chambers. “Our job for this year is to build on this momentum and shape and further the Council’s priorities. We still have challenges ahead and there are areas we must discuss, however, I am positive we can do so in a way that befits our community and our leaders’ ambitions.”
Chambers, immediate past USIBC Chairman and CEO of MasterCard Ajay Banga, and Edward Monser, will embark on the USIBC Chairman’s Executive Mission to India in mid-February, and also participate in the inaugural Make in India week.
About U.S.-India Business Council:
Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council is the premier business advocacy organization, comprised of 350 top-tier U.S. and Indian companies advancing U.S.-India commercial ties. USIBC is the largest bilateral trade association in the United States, with liaison presence in New York, Silicon Valley, and New Delhi.