Sunday November 18, 2018
Home Uncategorized US-India CEO ...

US-India CEO Forum to kick off Strategic & Commercial Dialogue

0
//
Republish
Reprint

By NewsGram Staff Writer

Washington:  In order to discuss the Strategic and Commercial Dialogue between the two countries, US-India CEO Forum meets here on Monday prior to Prime Minister Narendra Modi’s third summit with President Barack Obama next week.

As India and the US have set a goal of increasing their bilateral trade five fold to $500 million in five years, the US Commerce Department is hosting the CEO Forum to increase the role of the private sector in the India-US engagement.

The CEO Forum is the primary mechanism for engaging the US and Indian private sectors and leveraging business leaders’ recommendations to shape policy making discussions.

As part of the CEO Forum, the Carnegie Endowment for International Peace will host an event – US-India Economic Ties: Ready for Takeoff? – on Monday featuring a discussion between US and Indian CEOs on efforts to deepen bilateral economic engagement.

Indian Industry Minister Nirmala Sitharaman and US Commerce Secretary Penny Pritzker who are leading the commercial side of the dialogue will address the CEOs before their discussion.

Indian CEOs joining the discussion would be Kiran Mazumdar-Shaw, chairperson and managing director of Biocon, Cyrus P. Mistry, chairman of Tata Sons, and Sunil Bharti Mittal, founder and chairman of Bharti Enterprises.

From the US side Michael S. Burke, chairman and CEO of AECOM, David M. Cote, chairman and CEO of Honeywell, and Charles R. Kaye, co-chief executive officer of Warburg Pincus would be participating.

W. James McNerney, Jr., chairman of the board of the Boeing Company, will moderate the discussion.

Later on Monday evening, US Vice President Joe Biden, Secretary of State John Kerry and India’s External Affairs Minister Sushma Swaraj will headline a conclave of corporate America.

Other high-ranking government officials as also captains of industry from both countries, will also address the US-India Business Council’s 40th Annual Leadership Summit.

The strategic side of the dialogue will begin with a ministerial plenary Tuesday co-chaired by Swaraj and Kerry.

Other engagements include an Energy Dialogue led by Power Minister Piyush Goyal and US Energy Secretary Ernie Moniz, an official level Health Dialogue and a meeting of India-US Joint Working Group on Climate Change.

Modi and Obama had decided to expand the existing Strategic Dialogue to the Strategic and Commercial Dialogue during the US President’s January visit to India to reflect the growing significance of the US-India economic relationship.

Modi himself lands in New York on Wednesday, a day after Indian and US teams wrap up the dialogue.

He will be meeting Obama the following Monday in New York after wooing investors in New York and a weekend trip to the Silicon Valley focusing on three key themes of entrepreneurship and innovation, digital economy and renewable energy.

The Sep 28 summit would thus be capping eight days of intense India-US engagement on both political and commercial planes.

With inputs from IANS

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

India Begins Its Election Season With Five States

The BJP has sent top leaders to campaign in Chhattisgarh.

0
India, elections
India's Prime Minister Narendra Modi gestures as he addresses the gathering during the 'Global Mobility Summit' in New Delhi, India, VOA

India began on Monday the first of five state elections to be held in coming weeks, important tests for Prime Minister Narendra Modi as he plots a course that he hopes will ensure him victory in a general election due by May.

Voters in the central state of Chhattisgarh went to the polls on Monday to elect representatives for 18 of the state assembly’s 90 seats in a staggered poll complicated by logistical problems and left-wing guerrillas.

The state of about 26 million people has been ruled by Modi’s Bharatiya Janata Party (BJP) since 2003, and he will be hoping to hold on to power.

India, elections
Prime Minister Narendra Modi Continues To Stay Mum On The #MeToo Movement. Wikimedia Commons

“Some unholy people have handed guns to children who should have pens in their hands,” Modi told a rally in the state on Friday, referring to the rag-tag guerrillas battling government forces from forest hideouts. “They’ve finished the lives of our tribal children.”

Hundreds of election workers had to be flown in to remote polling stations by helicopter because of the danger posed by the rebels.

Modi called for voters to back his BJP and its vision of “development for all.”

The final phase of voting in Chhattisgarh, which is known for its coal, iron ore and bauxite reserves, will be on Nov. 20.

India,India, elections
India’s Congress party President Rahul Gandhi displays documents as he accuses Narendra Modi’s government of buying 36 Rafale fighter jets from France’s Dassault at a highly inflated price, in New Delhi, India. VOA

The BJP was the preference of about 43 percent of voters in Chhattisgarh, 7 percentage points ahead of the main opposition Congress party, according to a survey released last week by the Lokniti-Centre for the Study of Developing Societies.

Modi’s other big tests will be in the neighboring central state of Madhya Pradesh, where the BJP is slightly ahead of Congress, according to polls, and in the northwestern state of Rajasthan, where Congress is expected to emerge victorious.

A good performance by the BJP in the elections would help it deflect growing criticism over unemployment and a crisis in the countryside over falling farm prices and wages.

India, elections
Modi Appeals For A Regional Front Against Terrorism, flickr

Elections will also be held for assemblies in Telangana in the south and Mizoram in the northeast.

The BJP has sent top leaders to campaign in Chhattisgarh, including Yogi Adityanath, a firebrand Hindu priest and the BJP chief minister in Uttar Pradesh state.

Also Read: PM Narendra Modi Announces Easier Access to Credit

Adityanath has been appealing to the BJP’s Hindu-nationalist base and on Sunday accused the opposition of blocking construction of a temple for Hindu god Ram on a disputed site in Uttar Pradesh.

The destruction of a mosque on the site by a Hindu mob in 1992 sparked deadly riots across the country. (VOA)