USIBC Convenes ‘Destination India Virtual Energy and Infrastructure’ Executive Mission to India
New Delhi, March 19, 2021: The U.S. Chamber of Commerce’s U.S.-India Business Council (USIBC) convened its Destination India: Energy and Infrastructure Executive Mission to India with industry leaders from multiple sectors and key stakeholders from Government of India, U.S. administration and states of Gujarat and Andhra Pradesh.
The three-day Summit promoted an exchange between industry and Government of India around energy, climate and sustainability, and infrastructure in the U.S.-India strategic and commercial relationship. The importance of collaboration in areas such as decarbonization, water, energy, emissions reduction, finance, efficiency, and technological collaboration (to include partnerships, research and development) were reiterated throughout. The importance of industry input, best practices, supply chains and manufacturing, and partnership were echoed by all. USIBC looks forward to building on this momentum with a series of high-level meetings and initiatives, and invites interested companies to contact us to join this exciting opportunity to shape industry engagement to facilitate climate solutions.
U.S. Chamber Senior Vice President for International Strategy & USIBC President Nisha Biswal noted, “Energy cooperation is a cornerstone in the U.S.-India relationship and of increasing strategic importance to both countries. Over last three days we received notable suggestions from the GOI and members on India’s decarbonization strategy, stronger industry engagement in emissions reduction, climate smart infrastructure, energy access, and security. With this mission, we aim to continue conversations to increase investment and cooperation between the United States and India. We are thankful to our partners GE, Shell, J. Sagar Associates and McLarty Associates for their leadership and insight driven approach to bring policy and decision makers on the platform.”
USIBC Board Member Mahesh Palashikar, President, General Electric, South Asia, Chairman, GE Power India Ltd (GEPIL) and GE T&D India Pvt Ltd. (GET&D) “India is already on a strong, multi-decade energy transformation journey. We, at GE, believe that lower-carbon solutions of renewable energy supported by gas power, can contribute to a more decarbonized energy future. We are happy to bring the best of our global technologies and learnings to help accelerate energy transition in this region. The positive conversations about energy as well as other subjects, during the last three days, have been insightful and inspiring.”
USIBC India Advisory Council Member Nitin Prasad, Chairman, Shell Group of Companies, India, “I congratulate the USIBC for a successful Virtual Executive Energy and Infrastructure Mission with the Government of India, the US administration and the States of Andhra Pradesh and Gujarat. Cooperation across industrial sectors and with governments will be essential to deliver economic growth that is environmentally sustainable and socially inclusive, and for developing today the enabling policies for low carbon fuels and technologies. The insightful views shared by policymakers reflected these shared interests of India and the US and will surely give a further thrust to the dialogue between industry and Government.”
USIBC Member and Mission Partner, and Managing Partner of J. Sagar Associates, Amit Kapur, “In the backdrop of the renewed Indo-US and quad cooperation, this was a very timely and engaging dialogue hosted by USIBC to explore and define fields of tangible participation by US leading businesses in India’s energy and infrastructure growth plans with a focus on sustainable development. The USIBC team engaged India’s policy makers highlighting their priorities as also concerns of investors which would go a long way in fructifying the US$1.6 trillion NIP and US$ 5 trillion GDP by 2025.”
USIBC Member and Mission Partner, and Senior Advisor of McLarty Associates, Balinder Singh, “We would like to congratulate USIBC for a very successful virtual energy and infrastructure mission. We look forward to the strengthening of the relationship of the Indo US corridor, particularly in the areas of renewable energy and decarbonization.”
Headlined by U.S. Embassy, Chargé D’Affaires Don Heflin, Energy Minister of Gujarat, Saurabh Bhai Patel, Secretary, Ministry of Finance, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, Energy Secretary of Andhra Pradesh, N Srikant, Additional Secretary of the Ministry of Environment, Forest, Climate Change, Ravi Agrawal, Director General of the International Solar Alliance, Dr. Ajay Mathur the series will take forward suggestions in low-cost financing of cleaner energy, innovative climate change impact mitigation technology and other policy and regulation work with Government.
The U.S.-India Business Council (USIBC) represents top global companies operating across the United States, India, and the Indo-Pacific. Amid dynamic growth within the U.S.-India commercial partnership, we serve as the premier voice of industry and create connections between businesses and governments across both countries. Through our flagship Washington, D.C. and New Delhi offices and presences across both countries, we work with members to identify and advance key policy priorities. Recognizing that U.S.-India trade is increasingly driven by new business hubs, USIBC is also focused on strengthening connections between cities and states.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 80 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.
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