Chandrababu bags USIBCs Transformative Chief Minister Award
The Dollar Business Bureau Chandrababu Naidu, Chief Minister of Andhra Pradesh, has been selected for the US-India Business Council’s (USIBC) ‘Transformative Chief Minister Award’ for his role in strengthening the partnership between India and the US at the state level. The award would be presented to the Chief Minister on May 8, 2017 during the Annual West Coast Summit of USIBC in the Menlo Park, California, according to a statement. The summit will see an assembly of 150 industry leaders from across sectors including information technology (IT), manufacturing, healthcare, food processing, clean energy, banking, digital payments and officials from the Government of India for exploring the effects of manufacturing in India, the country’s move towards digitisation and cashless society and the future of ...
FDI reforms to push India-US trade: USIBC
The Dollar Business Bureau A business activity group said that the number of reforms announced by India for boosting Foreign Direct Investment (FDI) in several sectors will strengthen the bilateral trade between US and India. Mukesh Aghi, President, US-India Business Council (USIBC) on Monday said, “The broadened scope of FDI regime in sectors such as defence, broadcasting services, civil aviation and pharmaceuticals will give a fillip to the bilateral trade potential of US and India.” The USIBC said that to liberalise the FDI regime in civil aviation, defence, pharmaceutical sector and broadcasting services just after the Prime Minister’s visit to the US earlier this month has boosted the confidence of the investors. Aghi said, “We appreciate the decision of the government for liberalisation of FDI ...
Government receptive to investors issues: Jaitley
The Dollar Business Bureau Industry body Confederation of Indian Industry (CII) in partnership with US-India Business Council (USIBC) hosted Arun Jaitley, Minister of Finance for a high level luncheon meeting with top US multinationals on June 22 in San Francisco. Companies such as Microsoft, Applied Materials, Amazon, Oracle, Hewitt, Visa, Google, Cisco and Blackberry among others were present for the meeting. Jaitley while highlighting the improved economic and investment conditions in India mentioned that the improvement in monsoon prediction and prospects of the agriculture sector doing better would further scale up economic growth prospects. He also spoke about the manufacturing sector having a better run now after a long period of slowdown. He also highlighted that micro attention is being ...
US firms eye big on infrastructure sector: USIBC
The Dollar Business Bureau According to the US India Business Council (USIBC), besides eagerness to invest in India, the American companies are particularly eying at the $1.5 trillion investment opportunity in the infrastructure sector of India. The Government of United States seems to be very eager to invest in India and this willingness of the US became evident in the statements made by the key US officials on Tuesday. Praising the transforming business environment in India, Mukesh Aghi, new president of US India Business Council (USIBC), on Tuesday, stated that ‘India is open and ready for investments and the US is eager to move in’. The president of USIBC, the largest bilateral trade association connecting India and the US, ...
