On 16th December 2016, the U.S.-India Business Council (USIBC) hosted a Breakfast Roundtable to welcome Ambassador Navtej Sarna to Washington D.C. USIBC President Dr. Mukesh Aghi hosted the roundtable with approximately 70 US companies.
In his remarks, Ambassador Sarna spoke about the strong foundation of the India-US relationship, with multifaceted engagement in strategic areas of defence, civil nuclear energy, science & technology, health and education, besides trade and commerce. India and the U.S. share a similar world view which is far more inclusive and accommodating.
Reflecting on the enormous potential for promoting bilateral trade and investment, Ambassador Sarna highlighted the business opportunities that India offers in a number of areas such as infrastructure, manufacturing and digital economy. He appreciated the role of the US industry in setting up manufacturing and R&D facilities in India. He also emphasized the important contribution of the Indian IT companies to the US economy by way of employment, manufacturing and investments. He noted the need for a better projection and recognition of their role in creating jobs and wealth in the US.
Ambassador Sarna appreciated the presence of India’s 3 million strong diaspora which has become increasingly mainstream and actively engaged in US politics and economy. He also commended the USIBC for its leading role in promoting the interests of the US and Indian industry.
The USIBC Executive Committee members representing 15 sectors, covering real estate, aerospace & defence, energy, food & agriculture, infrastructure, legal services, life sciences, manufacturing, transport logistics, Indian IT and digital economy, presented an overview of their respective Committee’s functioning and the approaches they take to promote business ties between the two countries in each of the sectors. They also highlighted their areas of interest and challenges faced.
The USIBC has a membership of over 350 companies, including several Indian companies. Its aim is to involve the private sectors of both countries to enhance investment flows and serve as a direct link between business and Government leaders, resulting in increased bilateral trade and investment.
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