USIBC Organizes Seminar on Boosting India-US Trade Relations

By siliconindia   |   Friday, 12 January 2024, 19:35 IST
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USIBC Organizes Seminar on Boosting India-US Trade Relations

USIBC, during the Vibrant Gujarat Summit, organized a seminar focusing on strategies to enhance trade ties between India and the United States, fostering economic collaboration and growth.

Ed Knight, Global Board Chair of USIBC and Nasdaq's Executive Vice Chairman, led a delegation to Gujarat's Vibrant Summit. The USIBC, under his leadership, organized a country seminar to enhance trade and investment ties between the United States and India. At the seminar, US Consul General Mike Hankey and Ed Knight were the keynote speakers. The event concluded with a panel discussion titled Shaping the Future: The Evolving India-US Bilateral Relationship, as outlined in the USIBC's official press release.

The board included prominent executives such as Amit Singh, CEO of AdGreen Energy Limited, along with executives like Anand Ramamoorthy, Vice President at Micron India, and Dinesh Reddy Musukula, Director at Dr. Reddy's Laboratories. Additionally, Jagdish Mitra, President at Tech Mahindra, and Nick Vyas, Founding Executive Director at USC Marshall Randall R. Kendrick Global Supply Chain Institute, were also some of the prominent attendees. The panel discussion aimed to explore various aspects of the India-U.S. relationship, bringing diverse perspectives to the forefront.

USIBC President Atul Keshap highlighted Indis’s skilled talent pool and entrepreneurial culture, positioning the country as an ideal collaborator for US business. During his visit, Ed Knight engaged in discussions with Prime Minister Narendra Modi, focusing on policy reforms to boost financial inclusion at an industry roundtable dedicated to growing India's FinTech ecosystem. He emphasized the USIBC's policy priorities, including advocating for directly listing Indian companies on U.S. stock exchanges and facilitating Indian investment in U.S. capital markets.

Knight expressed optimism about the opportunities emerging to provide greater access to capital for India's fast-growing entrepreneurial ecosystem. He emphasized Nasdaq's commitment to facilitating improved access to capital for Indian companies and enhancing transparency and investment opportunities for Indian investors.

US Consul General Mike Hankey echoed the excitement about the Vibrant Gujarat Summit, noting the substantial American presence, both from the government and the private sector. He highlighted the remarkable growth in U.S.-India trade, which exceeded $191 billion, more than doubling over the last decade. During the summit, Consul General Hankey emphasized the focus on education partnership opportunities, highlighting the diversity of American participation, ranging from companies to universities of various sizes.