USIBC Welcomes New Board Members from Multiple Sectors
New Members Express Optimism in Bilateral Trade Ties
May 15, 2015 – WASHINGTON, D.C. – Last week, the U.S.-India Business Council’s (USIBC) board of directors announced the appointments of six global business leaders to serve as members of the board: Marc Allen, President of Boeing International; Anurag Bhargava, Chairman, IREO; David M.Cordani, President and CEO, Cigna Corporation; Patrick Dewar, Executive Vice-President Lockheed Martin International, Chairman of Lockheed Martin Global; Kenneth C. Frazier, Chairman and CEO, Merck; and Edward Monser, President and COO, Emerson Electric. They join a prestigious group of CEOs and executives on USIBC’s board of directors. 
“The U.S.-India Business Council and the board of directors remain committed to advancing the bilateral commercial relationship between the United States and India. Our members are encouraged by Government of India’s commitment to economic growth, to attracting the investment needed to achieve that growth, and improving the ease of doing business in India. Our members look forward to contributing to India’s growth story through any number of Government of India initiatives, including Smart Cities and Make in India,” said Ajay Banga, USIBC Chairman and MasterCard President and CEO.
“This group of dynamic and highly accomplished global leaders brings a wealth of knowledge and experience required to steer businesses across complex markets. They are joining the Council at a time when India is poised for tremendous growth and will undoubtedly provide valuable leadership to USIBC and its members,” said Dr. Mukesh Aghi, President of USIBC.
“We are delighted to be working with the U.S.-India Business Council to further advance the role of innovation in helping India to reach its economic growth goals,” said Kenneth C. Frazier, Chairman and CEO, Merck. “Promoting an innovation-based economy supports not only the growth of the life sciences industry, but also helps to expand health care access for its people.”
“I’m pleased to join USIBC and work towards expanding commercial and official ties between India and the United States,” said David M. Cordani, President and CEO of Cigna. “These bilateral opportunities will only continue to grow across business sectors as India makes impressive strides in advancing its economic reforms. As Cigna works to improve both health and vitality in India, we look forward to increasing our presence in the dynamic Indian market.”
Edward Monser, President and COO of Emerson Electric says, “India has a lot to offer to the world as a market and U.S. companies have a lot to consider and gain from the opportunity. USIBC is very significantly positioned to help transform business opportunity into clear understanding and concrete actions. I have been involved in building and implementing international business strategy for four decades, and I am excited to be a part of a council influencing business policy and cooperation between the two largest democracies of the world.”
Echoing a similar sentiment, Marc Allen, President of Boeing International said, “Boeing’s relationship with India dates back several decades, and we look forward to an enduring partnership for decades to come. As a member of the Board of Directors, I look forward to driving forward the Council’s work in enhancing the bilateral partnership in important areas such as technology, security, and manufacturing.”
Recently appointed board member Patrick Dewar, Executive Vice-President Lockheed Martin International, Chairman of Lockheed Martin Global Inc. said, “I am pleased to join an esteemed group of executives as a member of the USIBC’s Board of Directors. Lockheed Martin’s commitment to teaming with the Indian Government and enterprise aligns well with the spirit of the Council’s mission to advance the bilateral relations.”
Anurag Bhargava, Chairman of IREO, the largest FDI investor in the construction development sector in India said, “I am pleased to join an esteemed group on USIBC’s board of directors and support its efforts to deepen the business relationship between U.S. and India. IREO is committed to delivering world-class homes and supporting efforts to build smart cities and urban infrastructure that enables India’s continued economic growth and middle class expansion.”
As board members, this dynamic group of CEOs along with existing members will help promote USIBC policy advocacy priorities across critical areas such as health, defense, designing livable cities, technology, manufacturing and financial services.
About USIBC:
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 more than 300 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. Ajay Banga, President and CEO of MasterCard, is USIBC's Chairman.
Contact: Sukanya Sen |  202-463-5836 |

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