Message from the President

Message from the President:

Dear Colleagues,

“United we stand, divided we fall. The opportunity between the United States and India is immense, but we need to get together and work in unity to take it to new heights.” – Matt Bevin, Governor of Kentucky

Inspiring remarks by Kentucky Governor Matt Bevin at the 2019 Vibrant Gujarat Summit demonstrate the potential to grow the U.S.-India relationship through deeper connections at the city and state level.  Last week, a USIBC delegation led by Governor Bevin traveled to Gujarat and New Delhi for a suite of engagements focused on creating new avenues for investment.  These high-impact meetings included:

MEDIA HIGHLIGHTS

ADVOCACY & EVENTS

All Eyes on India’s General Elections
New Delhi is focused on general elections, with recent polls suggesting that neither the NDA nor the UPA will win a clear majority.  Election forecasts project the BJP will emerge as the party with the largest number of seats. However, a formidable alliance between regional parties Bahujan Samaj Party and Samajwadi Party may cause an upset for the BJP in Uttar Pradesh. USIBC expects the upcoming interim Union budget will include allocations designed by the Modi government to ease rural distress and provide concessions for small businesses, the middle class and farmers. 

Call for Comments Ahead of the U.S.-India CEO Forum

USIBC will submit comments for the upcoming U.S.-India Commercial Dialogue, scheduled to take place in New Delhi on February 14. All inputs will be reviewed for inclusion in USIBC’s submission to the U.S. Department of Commerce. Please provide comments to USIBC Vice President Amy Hariani (AHariani@usibc.com) no later than Thursday, January 31. 

USIBC Delegation to the Bengal Global Business Summit

On February 6-7, USIBC will take a delegation to Kolkata and the Bengal Global Business Summit.  The delegation will be helmed by leaders from the USIBC India Advisory Council and feature a strong contingent from North Carolina. Delegates include North Carolina Secretary of State Elaine Marshall and Mayor TJ Cawley, as well as university, chamber of commerce and industry representatives from the state. This is an excellent opportunity to engage with some of the heavyweights in West Bengal politics and industry who are likely to emerge as key players in national politics. For more information, please write to Sandip Sammadar

USIBC Capital Markets Delegation
USIBC will lead a delegation of senior capital market executives to Mumbai and New Delhi on February 4-5 to discuss capital markets in the region and explore how they can further deepen their investment in India. HSBC India Chief Executive Officer Surendra Rosha will lead the delegation, which includes executives from leading financial sector firms based in the U.S., Singapore and India. The delegation will meet with officials from the Ministry of Finance, RBI, DIPP and SEBI, among others. For more information, please write to Rohan Sirkar
AeroIndia & Defense Procurement
USIBC will take a delegation to India’s 12th international show on aerospace, defense, civil aviation, airport infrastructure and defense engineering. The council has organized missions to this event for over a decade.  This year’s event will feature more than 360 exhibitors and 62 aircraft on display. Lockheed Martin Aeronautics Service Vice President Vivek Lall will lead the delegation, with incoming USIBC Defense and Aerospace Committee Head Rich Weir of Northrop Grumman in attendance. As part of our mission, members will receive VIP access to events, meet senior U.S. and Indian government officials, participate in B2B networking events, attend seminars focused on opportunities and challenges associated with doing business in India’s aerospace and defense sector. For more information, please write to Ben Schwartz