The Council’s Aerospace and Defense Executive Committee promotes connections among business, government, and thought leaders in order to expand U.S.-India cooperation in Aerospace, Defense, Homeland and Cyber Security, and Civil Aviation. As a prominent platform and unique conduit for information and analysis, the committee offers a clear and informed voice on defense trade policy issues such as technology release and transfer, acquisition and procurement, offsets and industrial partnership, co-production and co-development opportunities. We promote streamlined FMS/DCS/Hybrid sales and acquisitions procedures, assist our members in navigating through these processes, and match American and Indian private sector entities to promote new business partnerships.
The Banking, Private Equity and Digital Payments Committee seeks to be the premier platform for business leaders and their government counterparts in the U.S.–India financial services corridor to deepen the financial markets of both economies. The Committee develops an annual work plan with an advocacy agenda that leverages both the U.S and Indian government engagements.
The USIBC Digital Economy Committee aspires for results through thought leadership, providing the premier platform between business leaders and their government counterparts in the U.S.-India digital economy corridor. The Committee formulates an annual work plan with our members that prioritizes issues, and develops engagement strategies that leverage direct interactions with government officials, and supports bilateral platforms such as the U.S.-India ICT Dialogue and the U.S.-India Cyber Dialogue.
The Committee’s mission is to serve as the direct link between business and government in the U.S.-India energy and environment corridor by promoting best practices and market-based solutions for the full spectrum of businesses. The Committee formulates an annual work plan to address key issues and leverages platforms like the U.S.-India Strategic Energy Partnership, U.S.-India Gas Task Force, Reverse Trade Missions, and other leader-level interactions as opportunities to strengthen bilateral trade. Facilitating the exchange of ideas through pan-sector meetings and roundtables, the Committee also participates in conferences and lead industry delegations for inbound and outbound trade missions in both India and the United States.
The Food, Agriculture and Retail Executive Committee is made up of companies representing the entire farm-to-market supply chain. The Committee focuses on advocating policies under three overarching goals:
In the 2018-2019 Union Budget, a record allocation of $92 billion for infrastructure investments shows the Modi Administration’s priority commitment to infrastructure development. With several major initiatives, the government has been pushing to achieve ambitious targets set in the first half of Modi’s term – these initiatives include the Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), SagarMala for port development, BharatMala for national highway development, the various Dedicated Freight Corridors, robust support for expanding capacity in the civil aviation sector and modernizing the railway network.
The Council’s Legal and Professional Services Executive Committee fosters relationships between U.S. and Indian companies to facilitate the understanding of the laws, regulations, and legal frameworks in both countries.
The Indian Pharmaceutical sector is expected to grow to US$100 billion by 2025. The market is expected to grow to US$ 55 billion by 2020, thereby emerging as the sixth largest pharmaceutical market globally by absolute size. The Medical Devices industry in India is presently valued at US$ 5.2 billion and contributes 4-5% to the US$ 96.7 billion Indian health care industry. As per industry estimates, the Indian medical devices market will grow to US$ 50 billion by 2025.
In the next 10 years, India will need to create 10-15 million jobs annually to meet India’s rising population. Manufacturing is of particular importance to India, as the sector is a doorway to economic development. As an example, the Indian auto market is the 6th largest automotive industry in the world and is estimated to create direct employment for over two million people over the next few years. While this is positive, India’s manufacturing sector is under performing significantly compared to other competing economies.
India’s thriving creative sectors taps the nation’s diversity and energy, and increasingly disseminates content globally – from Bollywood block busters and streaming hits, to Indian cricket and cultural exports. Led by the traditional segments such as movies, television, and print, there is also a rapidly expanding industry for streaming videos, gaming systems, and diverse set of over-the-top applications. With revenue nearing $30 billion, 1,000 licensed channels, and multi-platform distribution network, the country also produces some 1,000 movies a year. The M&E Committee, which includes satellite communications members, aims to create direct links between Indian and American businesses and government leaders with the ultimate goal of creating a $100 billion media and entertainment industry.
India’s transportation and logistics sector is at an inflection point. By several estimates, this industry is expected to double to a $300 billion market in the next five years. India’s ecommerce boom coupled with a host of other Government of India (GOI) initiatives are additional catalysts. However, India’s logistics industry is dominated by the informal (“unorganized”) sector, accounting for 80 percent of its total logistics market. In other words, this sector is fragmented and inefficient, thereby performing below its potential. The GOI estimates that improvements in infrastructure and connectivity could reduce time to export by 5 days, with savings of $1 billion per annum to the Indian economy. Moreover, the industry’s transformation from informal to the formal (“organized”) sector will demand a similar transformation in supply chain performance. Gradual reforms to the supply chain will not only ease this transition, but also transform the speed and efficiency of trade and position India as a regional logistics hub.
The Insurance, Tax, and Real Estate Committee seeks to be the premier platform for business leaders and their government counterparts in the U.S.–India financial services corridor to deepen the financial markets of both economies. The Committee develops an annual work plan with an advocacy agenda that leverages both the U.S and Indian government engagements.