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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 ...

The Dollar Business Bureau The US-India Business Council led delegation participating at the Aero India 2017, pledged to support the Make In India campaign of the Indian PM. This could be a show of solidarity and the furthering of US-India defence ties. The ongoing Aero India 2017 show at Bengaluru, is playing host to more than 20 senior executives from American aerospace and defence companies. USIBC is led by George Standridge, VP for Strategy and Business Development for Lockheed Martin and Tom Bell, Senior VP, Boeing. Some of the top defence executives representing companies like Honeywell, Harris Corporation, Textron Systems, Arconic, Raytheon and Telephonics are also a part of USIBC delegation, a statement released by USIBC said. India enjoys the exclusive tag of ...

The Dollar Business Bureau The US India Business Council (USIBC) has written a letter to the President-elect Donald Trump suggesting him to extend an invitation to the Indian Prime Minister Narendra Modi to visit the country for consolidating bilateral ties in the first year of assuming office.  This has been conveyed in the list prepared by the top American business advocacy which highlighted the primary things that the 45th President of the US should take up to enhance commerce with India.   According to USIBC president Mukesh Aghi, Trump should focus on carrying out frequent government-to-government interactions with India as has been the tradition in the last many years. It should be followed by negotiating the bilateral investment treaty with the country and extending support ...

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 ...

Deepak Kumar As the government envisions to attract more foreign investments, generate employment and facilitate further the ease of doing business in the country with its latest FDI liberalisation announcements, several national and international analysts said this expanded scope of FDI reforms would stimulate foreign investments in India, thereby giving a fillip to Prime Minister Narendra Modi-led Make in India scheme.   The government on Monday announced major changes in India’s foreign direct investment rules, allowing 100% foreign investments in defence and airline business, and relaxing norms for single-brand retails and keeping most sectors on automatic approval route. Praising the government’s new initiative, KPMG Partner & Head (Tax) Girish Vanvari said, “Coming at the back of the draft GST bill last week, the ...

The Dollar Business Bureau Ahead of Prime Minister Narendra Modi's forthcoming visit to the US next week, a US business advocacy group, US India Business Council (USIBC), has asked President Barack Obama’s administration to re-introduce the bilateral investment treaty (BIT) negotiations with the Indian government at its earliest."The US Government should consider formally re-launching our bilateral investment treaty (BIT) negotiations with the Government of India as soon as possible," the USIBC president Mukesh Aghi said in his letter. "While both governments took a break from the negotiations on account of revising the model BITs, it is important for us to come back to the negotiating table to develop a way-forward on concluding a high-quality BIT," the letter said. The council, which ...

Source: PTI The US-India Business Council (USIBC) on Thursday said the liberalisation of India's FDI policy in over a dozen sectors will further improve ease of doing business and boost investments in the country. Putting more FDI proposals through the automatic route is a clear signal that the government is living up to the mandate of minimum government and maximum governance, USIBC President Mukesh Aghi said in a statement. Applauding India's latest reforms, USIBC said the move would “enable the ease of doing business in the country” and “will propel more investment and innovation”. “If the government continues on the current trajectory of bold reforms, then India will easily surpass the $41 billion in FDI from the US companies,” Aghi said. He ...

Source: PTI Urban Development Minister, Venkaiah Naidu at a roundtable discussion in Washington DC. Source: PIB, Government of India   India's economy is back on track and the country's growth rate is likely to cross eight per cent in the coming years, Indian Urban Development Minister Venkaiah Naidu has said as he asked US investors to take advantage of the current business-friendly atmosphere. "Public life in India is undergoing a rapid transformation. The economy is back on track, inflation is under control, and growth rate is likely to cross eight per cent in the coming years," Naidu, 66, said in his interaction with the American industry leaders at a round table organised by the US India Business Council (USIBC) on Wednesday. ...