US-India Business Council, Confederation Of Indian Industry Host Sitharaman
WASHINGTON, DC (ANI) – The US Chamber of Commerce’s US-India Business Council (USIBC) co-hosted India’s Minister of Finance and Corporate Affairs Nirmala Sitharaman for an exclusive member roundtable at US Chamber headquarters here on April 10 evening in partnership with the Confederation of Indian Industry (CII).
The roundtable focused on how the US and India could strengthen trade and investment ties amidst a dynamic macroeconomic environment, and India’s increasingly important role as a destination for global investment.
Sitharaman highlighted the impact of digitalization and economic formalization at length, stating that India meets the requirements of a fair transparent economy due to its achievements in transitioning to digital payments and integrating the informal sector. In the end, she invited the investor community to participate in and make the most of the opportunities that India has to offer, now and going forward.
Ambassador Atul Keshap, Senior Vice President for South Asia and President of the US-India Business Council at the US Chamber of Commerce spoke on the optimism that industry has on India’s reform trajectory.
R Dinesh, President Designate of the Confederation of Indian Industry said, “Policy consistency and the speed of reforms have helped India become the world’s fastest-growing major economy even amidst this global turmoil.”
Todd Skinner, President, International of TransUnion, emphasized the importance of industry consultations like the roundtable to facilitate international investment.
Guru Bandekar, Global Vice President of Supply Chain Management at Carrier, discussed India’s importance as one of the key markets and potential growth areas for its HVAC and cold chain solutions.
Industry executives had exchanges with the Finance Minister where they raised opportunities to enhance further India’s investment ecosystem, including policies that could deepen India’s capital markets and enable Indian start-ups to tap global investment via direct overseas listings.
The roundtable was attended by Ambassador Taranjit Singh Sandhu, Indian Ambassador to the United States, Ajay Seth, Secretary, Department of Economic Affairs, Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, V Ananth Nageswaran, Chief Economic Advisor to the Government of India, USIBC Board Chair Edward Knight, members of the USIBC Global Board of Directors, and representatives from companies across key sectors.