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USIBC Newsletter (June 12-13, 2019)

Message from the President

Dear Colleagues,

We are counting down to the U.S.-India Business Council’s 2019 India Ideas Summit & 44th Annual Meeting! Coming just weeks after the commanding electoral victory that ushered in a new five year term for Prime Minister Narendra Modi, the Summit represents the first opportunity to discuss key issues and opportunities in the U.S.-India corridor with officials in both governments, as well as industry leaders.

This year’s Summit theme, “Connecting Cities and States,” reflects the reality that expanding trade and investment requires active engagement with subnational leaders and partners. Our 2019 Summit brings together thought leaders from across government and industry to discuss the shared challenges of developing a skilled workforce, engaging emerging data privacy concerns, and creating resilient and flexible healthcare systems. We will explore the U.S.-India strategic partnership and discuss how our countries can collaborate to build infrastructure and energy connectivity across the Indo-Pacific and provide for our common defense. With trade tensions cooling investor sentiment in many global markets, we will shine a light on opportunities in the U.S.-India corridor, where two-way trade has climbed to $142 billion.

The India Ideas Summit brings together an all-star cast of speakers including cabinet secretaries, governors, Congressional leaders, global CEOs. You can see the full India Ideas Summit agenda here. We are tremendously pleased by the overwhelming interest and engagement from our Global Board of Directors, our members and our partners.

We are thrilled to kick off this year’s Summit. For those who are able to join us in Washington on June 12 -13, I hope you are as excited by the incredible content and speakers as I am. For those who aren’t able to make it, we hope you will catch some of our coverage on CNBC-TV18 (daytime IST), watch portions of the plenary session on Facebook Live, or read about the event through the reporting of the 20+ media outlets who will cover the Summit.

Sincerely,
Nisha Biswal


Thanks to our Sponsors
 

July 30 – Colorado-India Business Roundtable
Tellurian is a U.S.-based company building a $30 billion global gas business with a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes a pipeline network and Driftwood LNG, an approximately 27.6 million tonnes per annum (mtpa) LNG export facility proposed near Lake Charles, Louisiana, on the U.S. Gulf Coast.
Recently, Tellurian announced two commercial agreements for its Driftwood project, which includes gas supply, pipelines and the LNG export facility:

  • On February 14, Tellurian signed a memorandum of understanding with Petronet LNG Limited to explore investment in the Driftwood project
  • On April 3, Tellurian signed a heads of agreement with Total S.A. to make a $500 million equity investment and a sales and purchase agreement for LNG offtake volumes, representing 2.5 mtpa of LNG from Driftwood LNG. In addition, Total also purchased additional shares of Tellurian stock, increasing its aggregate investment in the Tellurian portfolio to $907 million.

Tellurian is currently finalizing negotiations with Total and Petronet, as well as other partner investors, and plans to make a final investment decision as well as begin construction of Driftwood LNG in 2019.

 


Nivruti Rai, Country Head, Intel India:”We are going through exciting times in India, as the country is at the cusp of a digital transformation. Exponential growth in the use of technology is making a remarkable impact on key sectors like agriculture, healthcare, education, e-governance, transportation, thereby enriching lives of people as well as businesses. In addition, India presents a wealth of data that further drives innovation, collaboration and change.

We are a young nation with a hunger for technology adoption and consumption. There is heightened focus on creation and our rich technological ecosystem has been accelerating research and innovation in emerging areas such as Artificial Intelligence, Cloud, 5G, and Blockchain.

In the last 20 years since its inception, Intel India has been relentlessly focusing on advancing technology development and innovation in the country by working closely with the vibrant ecosystem in India. It has grown to become Intel’s largest design and innovation center outside the US. We have had a significant impact on Intel as a company and in turn on the technologies that we deploy around the world.

Continued collaboration between India and the United States, leveraging the strengths of these two large and thriving economies, is critical to accelerate technology advancement and innovation. I believe we have a tremendous opportunity for further collaboration, to deliver growth and value to both countries.”

 

Tata-Lockheed Martin Program helps women soar in India’s aviation Industry ‒ Tata Lockheed Martin Aerostructures, Ltd. (TLMAL) is building C-130J empennages in Hyderabad, India, and helping to create the next generation of female aviation leaders. TLMAL formally began a new apprenticeship program last July to bring more women into TLMAL’s workforce, and it’s already changing the lives of young women and creating a new pipeline of manufacturing talent in India.
A large number of women in India want specialized manufacturing experience but do not have access to training or can’t afford advanced schooling. Often, they end up working domestic jobs or not at all. The inaugural class of five participants quickly became part of the TLMAL community and have already made a positive impact. “Our experience with the small number of female employees has shown that diversifying the workforce will bring significant advantage to the efficiency and capabilities of the operations team,” said Abhay Paranjape, TLMAL chief operating officer. TLMAL hopes to grow the program to 25 participants in each apprenticeship class. The TLMAL program is based on a similar initiative started by Tata Sikorsky Aerospace, Ltd. (TSAL), another Tata-Lockheed Martin joint venture located in Hyderabad.

 


India is a nation of great importance and is the 7th largest market for Amway globally, with the potential to be among the top three markets by 2030. In its 20th year in the country, Amway India has launched its herbal range of products with Nutrilite Traditional Herbs, Attitude Herbals and Glister Herbals that were indigenously developed for the Indian market. In line with the Government’s ‘Make in India’ vision, the new Herbal Range is manufactured at Amway’s state-of-the-art manufacturing facility located in Tamil Nadu.Additionally, our vertical integration process ‘Seed to Supplementation’ mirrors the Government’s initiative ‘Beej Se Bazaar Tak’, where we manage the entire process of sourcing and manufacturing our products. Amway has been sourcing herbs for its products from small-scale farms in India since 2013 and has been developing organic farm suppliers in the country. Currently, we have nine NutriCert suppliers in India across six states.

Furthermore, to bring the story alive for our customers, Amway has introduced a QR code and Augmented Reality on the packaging of Nutrilite Traditional Herbs that explains the ‘Seed to Supplement’ journey and the DNA fingerprinting which helps in ensuring the best quality of Organic Certified herbs. Moving forward, our aim is to take these products to other markets and let a larger set of consumers across the world experience the benefits of Indian traditional herbs.

 


India has grown phenomenally to become the fastest growing economy in the world. Boeing is an important partner to India, and has been strategically investing in local talent to build a globally competitive aerospace ecosystem in the country.India is a natural place to perform engineering work with its reputation as a nation with vast intellectual capital and a heritage steeped in engineering and mathematics. At the Boeing India Engineering & Technology Center (BIETC), engineers perform advanced work that is shaping the future of aerospace. BIETC is growing rapidly and expected to employ over 5,000 engineers in the next few years. Boeing’s upcoming and wholly-owned campus in Bengaluru, India will have advanced avionics research and manufacturing capabilities.

Boeing is also at the forefront of aerospace manufacturing in India. Tata Boeing Aerospace Limited’s highly skilled employees are manufacturing fuselages for the AH-64 Apache combat helicopter. In a state-of-the-art facility with TAL Manufacturing Solutions Ltd., Boeing supports the manufacturing of complex floor beams for the 787-9 and 787-10 Dreamliner, the most advanced airplanes in the world.

The proposed F/A-18 Super Hornet ‘factory of the future’ in India is a natural extension of Boeing’s engagement with Indian industry and talent. The facility will provide a skilled workforce the opportunity to engage in advanced aerospace manufacturing, by building a future-ready fighter, while developing capabilities for India’s Advanced Medium Combat Aircraft (AMCA).

 


India has grown phenomenally to become the fastest growing economy in the world. Boeing is an important partner to India, and has been strategically investing in local talent to build a globally competitive aerospace ecosystem in the country.India is a natural place to perform engineering work with its reputation as a nation with vast intellectual capital and a heritage steeped in engineering and mathematics. At the Boeing India Engineering & Technology Center (BIETC), engineers perform advanced work that is shaping the future of aerospace. BIETC is growing rapidly and expected to employ over 5,000 engineers in the next few years. Boeing’s upcoming and wholly-owned campus in Bengaluru, India will have advanced avionics research and manufacturing capabilities.

Boeing is also at the forefront of aerospace manufacturing in India. Tata Boeing Aerospace Limited’s highly skilled employees are manufacturing fuselages for the AH-64 Apache combat helicopter. In a state-of-the-art facility with TAL Manufacturing Solutions Ltd., Boeing supports the manufacturing of complex floor beams for the 787-9 and 787-10 Dreamliner, the most advanced airplanes in the world.

The proposed F/A-18 Super Hornet ‘factory of the future’ in India is a natural extension of Boeing’s engagement with Indian industry and talent. The facility will provide a skilled workforce the opportunity to engage in advanced aerospace manufacturing, by building a future-ready fighter, while developing capabilities for India’s Advanced Medium Combat Aircraft (AMCA).


Dynamatic Technologies Limited designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications. With futuristic design, engineering, and manufacturing facilities in USA, Europe and India, we are able to meet exacting quality requirements of customers on 6 continents. Dynamatic Technologies’ continued focus on innovation and design thinking our way of life. This enables our ability to expand businesses while satisfying customers globally.We are South Asia’s leading manufacturer of Complex Aerostructures, and a Tier I supplier for Boeing Defense Systems, manufacturing Aft Pylon Assembly and Cargo Ramp Assembly for the Boeing Chinook CH-47F Helicopter, and the sole external supplier outside Boeing.

Dynamatic also manufactures internal structures for Boeing P8 Poseidon consisting of Critical Power and Mission Equipment, is a single source supplier, and has delivered over 100 aircraft sets.

Dynamatic Technologies is a global single-source supplier of Major Airframe Assemblies for the Bell 407 Helicopter, which is one of the world’s largest selling helicopters. Dynamatic as a strategic partner has helped Bell industrialize complex work package for the first time outside of North America. The industrialisation program at Dynamatic has involved digitization of over 2000 detail parts, followed by development of tooling, processes and assembly manufacturing. Dynamatic is ramping up production to meet annual volume of 81 sets this year.

Dynamatic HydraulicsTM production facilities both in USA, UK & India employ cutting-edge technologies and modern machinery to manufacture highly engineered positive displacement Gear Pumps, Motors and Hitch Control Valves that find application in Agricultural, Construction Equipment, Machine Tools, Mining and Drilling Equipment and in the Defence and Power Generation Sectors. Dynamatic is supplies pumps to OEMS such as John Deere, CNH, JCB, Terex, Cummins, SAME Deutz Fahr, Eicher, Mahindra etc.

One out of four agricultural tractors produced anywhere in the world are factory-fitted witha Dynamatic pump.

 

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