2020 India Ideas Summit Highlights

Building a Better Future through Policies & Partnerships

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By the Numbers

USIBC hosted 1,000+ participants over two days for a virtual summit focused on the policies and partnerships needed to build a better future

50+ dynamic speakers on topics like supply chains and investment, innovation in the healthcare and tech sectors, U.S.-India cooperation and global leadership and powering post-COVID economic growth and recovery (See the full two-day agenda)

Support from platinum sponsors Adani, American Tower Corporation, Nuveen, Procter & Gamble and 20+ corporate supporters, as well as partnerships with Invest India and 7 U.S. state trade and investment organization

Media partnership with CNBC-TV18 and coverage across 30+ media outlets in India, the United States and around the globe

Major buzz on social media — on July 22, our #IndiaIdeasSummit hashtag trended at #3 in New Delhi

Day one featured cabinet-level speakers including Hon. Minister of Railways and Commerce & Industry Piyush Goyal ((left), Hon. Minister of Finance and Corporate Affairs Nirmala Sitharaman (center), and Hon. Minister of Road Transport & Highways, Shipping and Micro, Small and Medium Enterprises Nitin Gadkari (right). (Watch the sessions with Minister Goyal and Minister Sitharaman)

 

Summit Day 1: Key Takeaways

The India Ideas Summit day one featured a series of sector-specific conversations with key government and industry stakeholders, focused on the power of the U.S.-India partnership to combat the pandemic, jump-start economic growth and lead innovation in the sectors that will reshape business and security in the post-COVID era.

Building a Resilient Future: Infrastructure Needs & Avenues for Sustainable Growth (left) and India, Multilateralism, and a Free and Open Indo-Pacific (right).

Defense ties between the U.S. and India continue to deepen, with Under Secretary of Defense Ellen Lord unveiling U.S.-India Defense Technology and Trade Initiative (DTTI) guidance at the summit. The U.S. and India are also negotiating a co-development program for air-launched UAVs. While G2G cooperation is important, as India turns to the private sector for defense and aerospace innovation, B2B relationships between the US and India will support growth. (View the DTTI Initial Guidance for Industry)

The scale of Indian infrastructure has grown from $50-60 million to $5-6 billion projects over the past 30 years, with $1.4 trillion earmarked in the next 5 years. As India looks to build more resilient and sustainable infrastructure and systems, there are significant opportunities in sectors like high-speed transport, renewable energy and water.

Driving Productivity in a Time of Change: Technology, People, and Digital Divide (left) and The Greatest Generation: U.S.-India Healthcare Innovation & Collaboration During the Pandemic (right).

Productivity is key to the growth of national wealth, wages and jobs, and links material production to supply chains, creativity/design, communications and information/data. The COVID crisis has made it clear that human capital is critical, and productive work can take place outside major cities – making broad-based and equitable investment in digital connectivity infrastructure more important than ever. (Watch Driving Productivity in a Time of Change)

U.S.-India collaboration in healthcare expanded during the pandemic, providing a model for partnerships in R&D, educational exchange and combating non-communicable diseases. Key areas of focus include telemedicine, digital health and healthcare education. (Learn more about USIBC’s new Digital Health Initiative)

Governments can help to build a better future by encouraging micro-entrepreneurship at scale in the MSME sector and through the gig economy. With the move to online-only work spaces, new training and reskilling practices — particularly for women — will be paramount now and in the post-COVID period.

A Conversation on India’s Economic Recovery with Finance Secretary Tarun Bajaj (left) and Building a Better Future: Rethinking How we Live, Work and Travel (right).

 

Summit Day 2

All day two sessions are available to view on the USIBC Youtube channel.

Featuring a keynote by Prime Minister of India Narendra Modi and remarks by U.S. Secretary of State Mike Pompeo, Indian Minister of Foreign Affairs Dr. S. Jaishankar and former U.S. Ambassador to the UN Nikki Haley, the sessions focused on U.S.-India leadership in a rapidly changing world.

(From left) Shri Narendra Modi, Hon. Prime Minister of India; Secretary Mike Pompeo, U.S. Secretary of State; Ambassador Nikki Haley, former U.S. Ambassador to the UN and former Governor of South Carolina; and Minister Dr. S. Jaishankar, Hon. Minister of External Affairs of India

 

Full Agenda & Video

A Conversation on the U.S.-India Business Corridor
C Vijayakumar, President & CEO, HCL Technologies & Thomas J. Donohue, CEO, U.S. Chamber of Commerce

Leading in Times of Crisis: Perspectives on U.S-India Cooperation
Minister Dr. S. Jaishankar, Hon. Minister of External Affairs, Government of India & Senator Mark Warner, Senator of Virginia

Keynote Address by Secretary of State Mike Pompeo
Highlights: India is a “key pillar” of President Trump’s foreign policy, the U.S. and India should work together to combat the “Chinese challenge,” and joining hands on 5G networks is critical

The Future of U.S.-India Relations in a Post-Pandemic World
Ambassador Kenneth Juster, U.S. Ambassador to India & Ambassador Taranjit Singh Sandhu, Ambassador of India to the United States

The 2020 Global Leadership Awards honored N. Chandrasekaran, Chairman of Tata Sons and James Taiclet, CEO of Lockheed Martin Corporation, both co-chairs of the U.S.-India CEO Forum, for their longstanding support of the U.S.-India commercial partnership.

USIBC Global Leadership Awards & Armchair Conversation
James Taiclet, CEO, Lockheed Martin Corporation & N. Chandrasekaran, Chairman, Tata Group Moderation: Shereen Bhan, Managing Editor, CNBC-TV18

Chairman’s Address & Introduction of the Prime Minister
Vijay Advani, Executive Chairman, Nuveen & Chairman, USIBC Global Board

Keynote Address by Prime Minister Narendra Modi
Highlights: “Ease of living is as important as ease of doing business,” India is the perfect combination of “openness, opportunities and options,” and the PM invites investment in healthcare, defense and energy, as well as frontier technologies like 5G, IoT and blockchain

Closing Conversation with Ambassador Nikki Haley
Highlights: The U.S. and India must compromise to achieve a trade deal and deepen an increasingly consequential partnership, and the Trump administration sees China as a threat

U.S. Chamber of Commerce CEO Thomas J. Donohue and HCL President and CEO C Vijayakumar (left) and U.S.-India Business Council President Nisha Biswal (right).

 

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