Council Members and Government Leaders Convene in New Delhi to Discuss Future of Tech Industry and Bilateral Trade
November 17, 2014 – New Delhi, India – The U.S.-India Business Council (USIBC) today launched its weeklong mission in India to support and further expand bilateral trade and business dialogues between the nations. The week’s events include the India-U.S. Technology Summit, the meeting of the U.S.-India High Technology Cooperation Group, and USIBC Smart Cities Conclave.
In addition, USIBC enthusiastically supports the reconvening of the Trade Policy Forum the following week after a four-year hiatus.
“In the aftermath of the successful visit to the United States by Prime Minister Modi this week’s events will further strategic interchanges for our members, continue to strengthen ties between the two governments and open new channels for communication,” said USIBC (Acting) President Diane Farrell. “I am extremely optimistic about the opportunities that lie ahead for the Council as we continue to work with Mr. Modi’s government.”
Senior executives representing America’s top, technology, energy, infrastructure and defense companies will be present throughout the week including: Cisco, IBM, General Electric, Dow, Ingersoll Rand, Applied Materials, Lockheed Martin, Medtronic, Corning, HCL Technologies, Textron, Boeing, Raytheon, Oracle, United Technologies Corporation (UTC) and others.
The week’s events are also the first opportunity for many members of the U.S. business community to observe India’s changing political landscape following the recent additions and changes to India’s Council of Ministers.
Calendar of events:
November 18-19: India-U.S. Technology Summit: Tackling 21st Century Challenges Together. The summit aims to build productive partnerships in joint research and development, technology commercialization, and joint business ventures designed to promote trade and investment between the two countries.
November 20: U.S.-India High Technology Cooperation Group (HTCG): The important bilateral dialogue will reconvene and seeks to assemble American and Indian industry and Government leaders to discuss contemporary opportunities and challenges faced in high technology trade across Life Sciences, Manufacturing, and Strategic Trade.
November 22: Smart Cities Conclave: Following the joint statement by President Obama and Prime Minister Modi in September in which they identified America’s participation in the building of three Smart Cities in Allahabad, Ajmer and Visakhapatnam, to aid India’s efforts to build 100 Smart Cities across the country, USIBC will convene a day long smart cities conclave to bring together U.S. Industry and officials from the Governments of both nations.
November 25: U.S.-India Trade Policy Forum (TPF): A government-to-government trade dialogue aimed at increasing bilateral investment between the two nations. The Office of the U.S. Trade Representative has indicated that the following areas of focus will be a part of the TPF: promoting investment in manufacturing, agriculture, intellectual property and services.
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, President and CEO, MasterCard.