The Cross-Border Privacy Rules (CBPR) system helps businesses transfer personal data between countries in a secure and accountable way, and aims to align different privacy laws to make cross-border data flows smoother.
USIBC said that India's young and highly-skilled work force can be an asset for the US administration.
Big tech names have government to provide clarity and adopt a balanced, principle-based approach in implementing the Digital Personal Data Protection Rules
The USIBC stated that the AI-TF will propel AI concepts, drive multistakeholder processes, and foster AI technology development and commercialization.
Most of the talks during the Modi’s visit to the US are going to be about strategic technologies, strengthening of supply chains, digital economy, some visa issues as well as space-related activities, Alexander Slater, Managing Director of the US-India Business Council (USIBC) tells Moneycontrol
"This is only the third state visit for the Biden administration. India is now one of our closest friends. The fact that the prime minister and the president have agreed to this, their coming together is a powerful signal from the top of each government that our future is together," Keshap told PTI in an interview.
President of the US India Business Council (USIBC) Atul Keshap said on Wednesday that US' business-to-business ties with India are directly creating good jobs for the American middle class.
Budget 2023-23: The announcement of a 33 per cent increase in capital expenditure, on top of a similar increase last year, can help drive growth, create jobs, and enhance productivity in significant ways. How this is spent, when it is spent, and the pace of project execution will be critical to maximising its impact, US India Business Council (USIBC) president Atul Keshap said.
The India-US Trade Policy Forum (TPF) meeting was held here on Wednesday. It was co-chaired by US Trade Representative Katherine Tai and Union Commerce and Industry Minister Piyush Goyal.
Addressing the 7th India Ideas Conclave in Bangalore on Sunday hosted by the India Foundation, at the panel Commerce & Industry 2.0. President of the USIBC Atul Keshap discussed India's impressive development, the success of government-led digitisation efforts, and the country's status as the fastest-growing large economy.
In a statement, the USIBC congratulated Commerce Minister Piyush Goyal and US Trade Representative (USTR) Katherine Tai for a successful reconvening of the US-India Trade Policy Forum and said that they are glad to see the robust agenda set forth by the leaders.
The recommendations covered a number of issues ranging from reconstituting business relations with India as well as creating a new digital partnership under the headship of Vice President Kamala Harris.
US India Business Council (USIBC), on the occasion of India’s 72nd Republic Day, also recommended to the Biden Administration to restructure the US-India Strategic Energy Dialogue to include Climate and Sustainable Growth and create a US-India Scholars Endowment to support higher education exchanges.
A top American advocacy group has suggested the Indian government to create a separate COVID-19 budget to support incremental financing needs to address the pandemic and its economic impact.
Other high-powered additions to the board include Procter & Gamble President, Asia Pacific, Middle East and Africa Magesvaran Suranjan; TransUnion President for International David Neenan; and Bharat Forge Deputy MD Amit Kalyani.
"The bill contains several new provisions outside the core issue of data privacy that raise serious concerns for the private sector, particularly the inclusion of requirements around non-personal data and social media intermediary liabilities,” USIBC president Nisha Desai Biswal said in a statement on Wednesday.
The state is aiming to become a USD 1-trillion economy by 2025 and this partnership aims to support the state to achieve its industrial growth targets, a statement from the state government said.
In a statement, the USIBC said it will work to advance the US-India strategic and economic relationship by advocating for policy changes that can unlock greater growth and investment opportunities for businesses
The former Assistant Secretary of State for South and Central Asia, Biswal this month joined the US India Business Council (USIBC) as its president. USIBC is a part of the powerful US Chambers of Commerce.
"Both governments are deeply committed to creating greater economic opportunity for their citizens," said John Chambers, executive chairman of Cisco and chairman of the US India Business Council (USIBC).
The Indian no-frills airline was lauded by US President Donald Trump for an order of 100 new planes with American aircraft manufacturer Boeing and the massive jobs this will create in the country.
Under the umbrella of US Chambers of Commerce, USIBC is the largest representative body of top American businesses having a footprint in India.
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.