US business mounts jumbo mission to India
A jumbo-sized 38-company US business mission, including nuclear power firms, high technology contractors and equipment suppliers will visit India to prepare a roadmap for "future engagement".business Updated:
A jumbo-sized 38-company US business mission, including nuclear power firms, high technology contractors and equipment suppliers will visit India from March 5-9 to prepare a roadmap for "future engagement".
Led by the US-India Business Council (USIBC), comprising top 230 US companies with investment interests in India joined by a dozen top Indian global companies, the four-city visit marks the first anniversary of president George Bush's path-breaking trip to India.
"USIBC is pleased to accompany America's finest companies to India, where we can demonstrate our desire to participate in the India growth story across every sector. We are here to take stock of the progress made thus far and chalk the roadmap for our future engagement," Ron Somers, president of USIBC, said.
The mission will attend a US-India Economic Summit organised by CII in New Delhi March 6 to take stock of the progress achieved in the US-India Strategic Partnership over the last year and meet government leaders and captains of Indian Industry.
The nuclear power companies and high technology contractors will then peel off from the USIBC Executive Mission and head to Mumbai to meet with the Nuclear Power Corporation of India and the Indian private sector to discuss collaborations and opportunities in India's nuclear power industry.
Investing across all sectors of the Indian economy, the mission will also travel to Kolkata to meet West Bengal government and UPA coalition leadership Mar 7. This visit will mark USIBC's first foray into West Bengal in ten years. CII will organise a conference in Kolkata, highlighting the "View from the East: Opportunities and Promise."
The mission will travel to Chennai to meet Tamil Nadu government leaders and captains of south Indian industry to learn more about opportunities in India's infrastructure and manufacturing sector.The USIBC mission will be co-led by General Dan Christman, and AMEX's Tom Schick, member of the USIBC's Executive Committee.
Companies that will be represented on the mission include Best Buy, Parsons Brinkerhoff, The Wire Group, Amex, AIG, Cargill, Max New York Life, Dow Chemicals, Exceed International, Lighthouse Funds, Emergent Biosolutions, The Chatterjee Group, eFunds, General Electric, Westinghouse, Edlow Corporation, US Enrichment Corporation, Bechtel, Cognizant, ITT and PSEG.
Formed in 1975, USIBC hosts Indian government officials and business leaders visiting US and conducts Executive Missions to India to discuss economic issues important to industry, and provides briefings to US government officials in support of the growing Indo-US strategic partnership.
First Published: Mar 03, 2007 10:21 IST