Aghi advocates for a reformed approach that could prioritise keeping STEM graduates in the US as legal immigrants who become taxpayers from 'day one'
The militaries of India and China have been locked in a standoff since May 2020 and a full resolution of the border row has not yet been achieved though the two sides have had several rounds of talks at the diplomatic and military levels.
USISPF President and CEO Mukesh Aghi expressed his disappointment, stating that it was unfortunate that Canadian Prime Minister Justin Trudeau made allegations against India in his parliament last month without concrete evidence.
Mukesh Aghi says India is providing de-risking for US companies from China to manufacture in the country and is a growing market for American goods
Mukesh Aghi, the president of the US India Strategic and Partnership Forum (USISPF), said the India-US relationship is strong and is growing positively in every aspect.
The US India Strategic and Partnership Forum (USISPF) said the budget is a blueprint for the year, outlining the vision for the next 25 years leading to the centenary of India's independence (2047).
Budget 2023: Mukesh Aghi, President and CEO of US India Strategic and Partnership Forum (USISPF) said that the budget took into consideration the needs of all sectors of the economy, reflecting the Indian Government's commitment towards a prosperous and inclusive India.
“India needs to grow its economy from the current USD2.7 trillion to USD 5 trillion. It will need a lot of FDI coming in -- at least USD100 billion dollars a year to fuel that growth,” Mukesh Aghi, president of US India Strategic and Partnership Forum told PTI in a recent interview.
The investment pool around the world is estimated to be about $45 trillion, of this $12 trillion comes under ESG, which is the environmental, social and governmental factors, according to Mukesh Aghi, president of US India Strategic and Partnership Forum (USISPF), an India-centric American business advocacy group.
Noting that the India-US trade has gone up from USD 142 billion in 2018 to USD 160 in 2019, President of US India Strategic and Partnership Forum (USISPF) Mukesh Aghi said that the energy import by India from the US had shot up dramatically.
Mukesh Aghi, president of US India Business Council (USIBC) - a top American advocacy group representing US business interests in India - said Prime Minister Narendra Modi had demonstrated that he could make "bold" and transformative decisions.
As the Trump administration completely crossed the milestone of being in office for 100 days, Aghi said that the US-India relations continues to enjoy bipartisan support.
"We feel that from the Indo-US relationship perspective, Trump administration will be good for India," Aghi said, adding that two principles could drive Indo-US relationship.
The 8th edition of Vibrant Gujarat Global Summit will be inaugurated tomorrow by Prime Minister Narendra Modi, which will be held on a mega scale with many head of states, top global and Indian CEOs and several business houses expected to participate.
US businesses can tap the immense opportunities that lie in India's railways, infrastructure, manufacturing and innovation ecosystems amid a "remarkable shift" in the bilateral ties, India's envoy here has said.
Observing that "alignment of interest" between the two largest democracies of the world is "not tied to individuals, but to nations", Aghi said the relationship "probably would pick up a momentum" with this Administration.
"The state of Gujarat is one of the leading states in India for industries and is recognised as India's growth engine," USIBC president Mukesh Aghi yesterday said in an interaction with a delegation of senior official and business leaders from Gujarat.
US companies have raised issues regarding the GST, solvency and ease of doing business. India has responded to all the queries. But queries concerning H1B visa and participation in APAC raised by Indian companies have not been answered yet.
"GST will be the most pivotal reform since 1991 which will make India an attractive destination for foreign investments. Manufacturing will get more competitive due to the emergence of a national market as against the present fragmented one.
"Prime Minister Narendra Modi has demonstrated an increased willingness to engage in dialogue to address the concerns of the industry while balancing India's domestic interests," Mukesh Aghi, president USIBC said in the letter.
"The passage of this Bill will establish an entrepreneur- friendly legal bankruptcy framework for speedy, efficient and consistent resolution of insolvencies for companies and individuals," president of US-India Business Council (USIBC) Mukesh Aghi said.
The US-India Defence Technology and Partnership Act was introduced in the Senate by Senators Mark Warner and John Cornyn co-chairs of the Senate India Caucus yesterday.
Modi's address to the USIBC before who's who of American corporate sector would be on June 7. He will also participate in a roundtable with leading global CEOs, USIBC said.
Last year member companies invested about USD 15 billion into India and the number is likely to go up to USD 27 billion in next two-years, said Mukesh Aghi, President, USIBC.
Mukesh Aghi said the annual Budget presented by Union Finance Minister Arun Jaitley maintains the fiscal deficit to 3.5 percent from 3.9 percent and gives international investors an assurance that India can provide discipline among the emerging markets.