Us India Business Council

As vice chairs, Milind Pant, Kiran Mazumdar-Shaw and Edward Knight will work with USIBC president Nisha Biswal and the Council’s policy directors to elevate priorities in critical sectors and lead meetings between industry and government, the USIBC said in a statement.

Trump administration would be good for India: USIBC

"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.

US makes changes in export control laws to benefit India

The new rule that makes necessary changes in the export control laws "creates a presumption of approval" for Indian companies seeking to import Commerce Department-controlled military items, except Weapons of Mass Destruction-related goods.

See Indo-US trade at $500 billion in 7 years: John Chambers

Trump's policies will be a win-win situation for both India and the US. He says the bilateral trade between the two countries can go upto USD 500 billion in the next 7 years.

Indo-US ties to enhance under Trump admin: USIBC president

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.

USIBC urges Trump to invite Modi in 1st year of administration

Congratulating Trump on winning the US presidential elections, the US India Business Council (USIBC) has written a letter to him, urging him to invite Modi.

Gujarat is India's growth engine: USIBC

"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.

Indo-US relationship key to start-up success: Amitabh Kant

"While we have venture funds here, we need them to grow 10x in India... Our objective is that the ecosystem for venture funds grows and expands and we have thousands of venture funds who keep funding start-ups," NITI Aayog CEO Amitabh Kant said while addressing a conference on start-ups.

GST bill a 'game-changer' for India's economic growth: USIBC

The council congratulates Indian Government and members of Parliament for approving the Constitution (122nd Amendment) Goods and Services Tax (GST) Bill, 2014, an official statement by the US India Business Council (USIBC) said.

FDI reforms to push US-India trade ties: USIBC

"The widened scope of FDI norms in defence, civil aviation, broadcasting services, and pharmaceuticals will provide a fillip to the potential of the US-India bilateral trade," US India Business Council (USIBC) President Mukesh Aghi said while referring to a series of Foreign Direct Investment (FDI) reforms by India yesterday.

India set to contribute as new engine of global growth: PM Modi

"This is the time when the world needs new engine of growth. It would be nice if the new engines are democratic engines," Modi said in his address to the American business community at the annual gala of the US India Business Council (USIBC).

Modi to address annual gala of USIBC next month

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.

NHRC seeks report from govt on its stand on generic medicines

The National Human Rights Commission (NHRC) has sought a report from Ministries of Commerce and Health on media reports that the government has restrained production of cheaper versions of generic medicines.

India defends right to issue drug 'compulsory licences'

The Commerce Ministry statement comes weeks after Reuters and media in India quoted the US business advocacy group, US-India Business Council (USIBC), as saying India had given private assurances that it would not grant such "compulsory licences".

Govt mulling holding all-party meet to break GST logjam

There is a view within the government that Congress is "single-handedly" blocking the passage of the GST Bill for "other reasons" and may not find support of many parties on this issue on a common forum.

RBI Governor optimistic about passage of GST

In an interaction with American financial institutional investors in New York last week at an event organised by US India Business Council, Rajan said another priority of the RBI is to clean up banks and their non-performing assets.

FDI reforms to boost investment in India: USIBC

Putting more FDI proposals through the automatic route is a clear signal that the government is living up to the mandate of minimum government and maximum governance, USIBC President Mukesh Aghi said in a statement.

US industry seeks predictability in India's reforms: Banga

Banga met Modi in his capacity as chairman of US India Business Council, the apex business advocacy group of American businesses having footprint in India. "I want to see improvement in GST. I want to see ability to buy land. I would like to see improvement in the ease in doing business. Because these are all important," he said

US presses India to speed up economic reforms

External Affairs Minister Sushma Swaraj and Commerce Minister Nirmala Sitharaman are representing India at the first India-US Strategic and Commercial Dialogue here.

USIBC applauds ruling on minimum alternative tax

Union Finance Minister Arun Jaitley announced the government's decision to accept the AP Shah Committee's recommendation that the Minimum Alternative Tax (MAT) provisions do not apply retrospectively to Foreign Institutional Investors (FIIs) before April 1, 2015.

India should take advantage of China slowdown: USIBC chief

"What we are hearing from our companies that India story is strong. The slowdown in China is making India story much much stronger," Mukesh Aghi, president of the US India Business Council (USIBC) told PTI.

Agri in India can become a vibrant sector: US delegation

The two-day mission, undertaken by the USIBC focused on ways to increase investment in food processing and improve food security in India.

Indian medical device ind can grow to $7bn by 2016: USIBC

The Indian medical device industry is currently valued at USD 4.4 billion, the fourth largest in Asia and the sector has the potential to grow to USD seven billion by 2016 with a growth rate of 10.15 percent annually, USIBC said.

India's growth rate likely to cross 8%: Venkaiah Naidu

Noting that India has prioritised the creation of 100 smart cities - which will incorporate the use of solar energy, rain water harvesting, good sanitation, drinking water and smart public transportation - Naidu explained the recent guidelines for selection of the cities, financing mechanisms and incentives for private sector participation.

Maha govt inks MoU with Blackstone, Panchsil for 3 projects

The Maharashtra government has signed an MoU with Blackstone and Panchsil SPV for three projects worth Rs 4,500 crore and generation of some 50,000 jobs.