September 18, 2014 – WASHINGTON, D.C. – The U.S.-India Business Council (USIBC) enthusiastically welcomed today’s White House announcement that President Barack Obama intends to nominate Richard Rahul Verma to the position of U.S. Ambassador to the Republic of India. The USIBC looks forward to working with Mr. Verma in order to further deepen economic ties between the U.S. and India.
“We are very pleased the Obama Administration has chosen a candidate with such strong credentials. Mr. Verma’s distinguished record in business, international trade, and public service makes him uniquely well qualified to represent American interests at this pivotal time for U.S.-India relations and we believe this selection lays the footing for a historic visit by Prime Minister Narendra Modi,” said USIBC Chairman Ajay Banga
Banga also noted that, “Richard’s experience on Capitol Hill as well as the State Department will aid in our efforts to increase the bilateral investment potential of these two great countries and we hope for a speedy approval process.”
Mr. Verma’s experience includes public service as a U.S. Air Force officer, a field representative for the National Democratic Institute, a staff member for Congressman John Murtha, and as senior national security advisor to Senate Majority Leader Harry Reid. He also served on the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism in 2008 and has been a member of the Secretary of State’s Foreign Affairs Policy Board. At present, he is senior counselor at Steptoe & Johnson LLP and the Albright Stonebridge Group, and also a senior national security fellow at the Center for American Progress.
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, with liaison presence in New York, Silicon Valley, and New Delhi, comprised of 310 of the top-tier U.S. and Indian companies. The Chairman of USIBC is Ajay Banga, CEO and President, MasterCard Worldwide.