Technology and Trade: How the LA-India Nexus Drives Innovation
Few cities in the United States can match Los Angeles as a hub for trade and investment partnerships capable of driving forward new growth for the U.S.-India commercial relationship. With nearly 13 million residents across the L.A. Basin and an economy as large as the country of Mexico, L.A. is an exciting and dynamic global city. With the country’s second largest port nearby in the Port of Long Beach and the Port of L.A. as a global modal for sustainability, L.A. is home to a rapidly growing technology and clean energy scene along with a new dawn for advanced manufacturing. In addition to its crown jewel– the media and entertainment industry, which continues to lead the world in content creation, deal-flow and innovation, Los Angeles has showcased a depth of commercial opportunity across sectors.
On April 26, USIBC President Nisha Biswal traveled to L.A. for a series of engagements that highlighted the breadth of area’s dynamic business scene. Along with Indian Ambassador to the United States Harsh Vardan Shringla and Counsel General of San Francisco Sanjay Panda, Biswal met with AECOM Chief Operating Officer Randy Wotring and Executive Vice President and General Counsel Carla Christofferson; Paramount TV President Nicole Clemons along with her executive team; leaders from new USIBC member RSM, and Mayor Eric Garcetti, who has shown tremendous vision in positioning Los Angeles to thrive amid changing models of business in the 21st century.
USIBC also hosted a cocktail reception at historic RedBird in honor of Ambassador Shringla. USIBC members and industry thought leaders joined together for a conversation on India’s technology, trade and investment landscape amid contentious national elections.
The event highlighted several key themes:
- The potential for positive impact of further L.A.-India engagement has never been greater
- Removing trade barriers in the media, entertainment and creative enterprise sector would unlock more opportunities for creative collaboration & direct investment
- A.’s efforts in clean energy and transportation innovation across the region provides an excellent opportunity for new partnership and exchange of best practices
As part of the U.S. Chamber of Commerce, USIBC focused this trip on driving two-way business, investment, and people-to-people ties between Los Angeles and India. Looking more broadly, we see the West Coast as a leader for growing the economic power of partnership between cities and states. To reach the goal of $500 billion in trade between the U.S. and India, both countries must support more active engagement between our innovation hubs, manufacturing centers, and creative capitals. On June 12-13, USIBC will explore the power of connecting cities and states at our 2019 India Ideas Summit & Annual Meeting. The Summit will bring together in leaders across industry, government and society for two days of conversations on topics like the future of work, artificial intelligence, sustainable supply chains, last mile financial connectivity, the Indo-U.S. strategic partnership, new healthcare models and more.