American businesses are struck by how much more digital India has become and there is a broad sense of overall appreciation of the ease of doing business in the country, External Affairs Minister S Jaishankar said.
During a luncheon on Wednesday, USISPF president Mukesh Aghi presented Jaishankar with USISPF’s coffee table book titled, ‘We The People', chronicling 75 years of the US-India story, strengthened by the minister’s efforts. The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful strategic partnership between the U.S. and India.
“Delighted to participate in a business luncheon” with USISPF, Jaishankar tweeted. “Noted the high interest in transformational changes happening in India in energy, health, climate, infrastructure and logistics and defence domains,” he said.
“American businesses are struck by how much more digital India has become, how effectively the government is practising digital delivery, what a change that has been in startups and innovation, and how much more enthusiastic students and young innovators are. A lot of positive references to the drone policy, to the change in labor laws to the production linked incentive policies,” Jaishankar told a group of Indian reporters on Wednesday at the conclusion of his visit.
During the Washington DC-leg of his visit, he held two separate luncheons with leaders from the corporate sector, organised by US India Business Council and US India Strategic and Partnership Forum.
Key topics
During the luncheon organised by USIBC, Jaishankar met with the CEOs and senior industry executives representing Occidental, Lockheed Martin, Tata Sons, Blackstone, Morgan Stanley, Citi, Liberty Mutual, Google, Stripe, and Carlyle.
He shared with the CEOs and executives his views on India’s prospects for economic growth, and as a hub for direct investment in manufacturing, digital economy, services, energy, and other key sectors.
“The bullish sentiment on India was on clear display. Shared the conviction that stronger business links will further galvanize our relationship,” the minister said in a tweet.
He also discussed India’s forthcoming presidency of the G20, the growing prominence of the Quad platform in the Indo-Pacific, and the central importance of US-India Business ties in steadying and strengthening bilateral relations, according to a USIBC statement.
Key topics of discussion at the lunch included the situation in the Indo-Pacific, geopolitical tensions, and the impact on the global economy, as well as the challenges on climate and energy policy.
During the lunch, industry executives expressed optimism regarding India’s growth trajectory, and commitment to engage with the government further on these issues, as well as policies for expanding foreign direct investment, the statement said.