Secretary Raimondo and Minister Goyal Co-Chair 2024 U.S.-India CEO Forum
WASHINGTON – Today, the United States hosted the
6th meeting of the U.S.-India CEO Forum, which was co-chaired
by U.S. Secretary of Commerce Gina Raimondo and Minister of Commerce and
Industry of India Piyush Goyal. The U.S.-India CEO Forum is a platform that
convenes leaders of the U.S. and Indian business communities to develop and
provide joint recommendations to strengthen bilateral commercial ties and
expand trade and investment between India and the United States.
During the meeting, U.S. and Indian government
representatives and CEO Forum members reaffirmed their commitment to expanding
bilateral commerce and trade, driving inclusive economic growth and innovation,
and fostering a resilient bilateral partnership.
The Secretary and the Minister thanked Mr. James Taiclet,
President and Chief Executive Officer, Lockheed Martin, and Mr. N.
Chandrasekaran, Chairman, Tata Sons, for their leadership as Private Sector
Co-Chairs from 2023–2024. They noted, with appreciation, the recommendations
made by the Forum members over the past two years and their respective
initiatives.
They also took stock of the Forum’s accomplishments,
including the launch of the publicly accessible Network for Innovation and Harnessing Investments and Trade for
Inclusive Growth between the United States and India (NIHIT)
Platform to facilitate online knowledge sharing and networking among U.S. and
Indian startups and small businesses. To date, NIHIT has organized four
workshops to promote capacity building and skilling in cybersecurity, digital
technologies, and AI, which have been attended by over 1,000 startups, small
businesses, and entrepreneurs.
CEO Forum members, which represent a total of 22 U.S.
companies and 25 Indian companies, have also made a series of recent
announcements demonstrating their commitment to advancing U.S.-India commercial
engagement:
- Lockheed
Martin and Tata Advanced Systems Limited’s recent signing of a
teaming agreement on the C-130J Super Hercules aircraft. The agreement
creates a framework to (1) establish a new maintenance, repair, and
overhaul facility in India to support the Indian Air Force’s (IAF) fleet
and other global fleets of C-130J Super Hercules aircraft; and (2) expand
the manufacturing and assembly of these aircraft in India to support the
IAF’s Medium Transport Aircraft program.
- Kyndryl
Inc.’s collaboration with Indian microfinancier CreditAccess (CA)
Grameen to deliver advanced technology services needed to digitize and
transform CA Grameen’s microloan processing business, enabling
more than 2 million women borrowers to have easy and fast access to
credit in rural India.
- Amneal
Pharmaceutical's announcement this week of the launch of
medicines in several new therapeutic areas and the groundbreaking of a
state-of-the-art peptide manufacturing facility in Ahmedabad, India.
- Honeywell
International’s delivery and commissioning in September of a 1.4
MWh Battery Energy Storage System (BESS) for the Solar Energy Corporation
of India’s project on the Lakshadweep Islands, which is India’s first
on-grid solar initiative using BESS to manage the supply of renewable
power.
- Pfizer’s launch
in September of its first commercial analytics center in India, called the
“Analytics Gateway,” which will harness AI and best-in-class data science
to improve Pfizer’s analytics of international markets and help it deliver
more of its medicines to patients in need in India and around the world.
- Viasat’s MOU
on Space Collaboration, signed in September with the Government of India,
to set a roadmap for collaboration on the development of next-generation
space technologies between the two parties to deliver high-speed and
high-capacity internet services to users in India and internationally.
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