USIBC president Atul Keshap commends India’s confident, pro-growth Union Budget 2024-25

The President of the U.S.-India Business Council (USIBC), Atul Keshap, congratulated India’s Finance Minister Nirmala Sitharaman and the Government of India on its “confident, pro-growth” Union Budget 2024-25.

“With elections due this spring, this is, in effect, a mini-budget, with another set of announcements likely to come in July once a new government is in place. The budget contains several notable programs and milestones that build on the momentum from prior years. India’s focus and execution on budget consolidation, including beating its fiscal deficit target for this past year, is important to maintaining and enhancing its credibility with foreign investors. This is likely to have a net positive impact on the ultimate allocation that Indian sovereign bonds receive as they are incorporated into benchmark international indices in 2024, which, in turn, would deepen the country’s capital markets and reduce public financing costs,” said Keshap.

USIBC President Atul Keshap critical of ‘uninformed media reports’ on US-India drone deal

Expressing concern over media coverage, US-India Business Council (USIBC) President Ambassador Atul Keshap criticized certain outlets on Thursday for spreading “uninformed, erroneous gossip” without fact-checking. While championing the principles of free and independent media, he stressed the need for responsible journalism, especially when dealing with sensitive topics such as defense deals between nations.

Commerce Minister Piyush Goyal to meet Elon Musk, Tesla’s India foray on agenda; will also interact with POTUS

Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit in San Francisco. On the day of his arrival, the minister is scheduled to meet with Tesla chief Elon Musk.

Times Square flooded with PM Modi’s welcome displays for historic State visit

New York’s Times Square in Midtown Manhattan is flooded with Prime Minister Narendra Modi’s pictures and messages welcoming him to an historic State visit to the US. The US-India Business Council (USIBC) said the displays for historic state visit require a historic welcome. “A historic state visit requires a historic welcome! @USIBC welcomes Shri @narendramodi@PMOIndia to the United States of America with a display of our support for U.S.-India commercial ties and this historic state visit at Times Square, New York. @Nasdaq #ModiInUSA #USIndia,” tweeted USIBC.

At USIBC summit, Blinken talks of ‘reducing strategic dependencies’ ahead of Modi visit

US Secretary of State Antony Blinken has preambled Prime Minister Narendra Modi’s upcoming “historic” state visit, saying central to emerging cooperation in critical technologies between the two countries such as semiconductors and defense was “reducing strategic dependencies”. He was speaking at the Ideas Summit of the US India Business Council (USIBC) on Monday.

California has been the driver of US-India relations: Policy Guru Richard Rossow

“I think overall California has been a driver of the US-India relationship,” said Richard Rossow, Senior Fellow/ Wadhwani Chair in U.S. India Policy Studies at the Center for Strategic and International Studies (CSIS) in Washington, DC. Rossow was one of the speakers on the panel named ‘Regional insights into India Performance and Outlook’, held Feb 23 and 24, organized by US-Asia Technology Management Center and Institute for Competitiveness held at Stanford University.

Minister Piyush Goyal highlights India’s remarkable economic transformation, huge potential at Nasdaq

Union Minister of Commerce and Industry Piyush Goyal, who is on a four-day visit to New York, New Jersey and Washington on Monday (local time) highlighted India’s remarkable economic transformation and huge potential at the business roundtable organized by US-India Business Council at Nasdaq, New York. He also met CEOs of reputed US multinational enterprises like George R Oliver, Chairman & CEO, Johnson Controls, Stephen A Schwarzman, CEO & Chairman of Asset Management group Blackstone, Henry R Kravis, Co-founder & Co-Executive Chairman of global investment firm Kohlberg Kravis Roberts & Co and Michael Miebach, CEO, Mastercard in New York.

India has opportunity to build a diverse economy after pandemic, says US India Business Council

indica News Bureau- While the national lockdown due to the Coronavirus crisis has raised several concerns amid businesses, an American business chamber welcomed it and said that the businesses are adapting to certain ways to ensure its continuity. As highlighted by US-India Business Council President Nisha Biswal, amid the lockdown, the businesses are taking measures […]