The US-India Business Council (USIBC) launched an India-Task Force on civil aviation to focus on identifying opportunities for implementation based on the National Civil Aviation Policy. Palash Roy Chowdhury, managing director-India, Pratt & Whitney will chair the entity, and Amber Dubey, partner and head of aerospace and defense, KPMG in...
Urjit Patel Assumes Role of Central Banker in India
Deputy governor in charge of monetary policy at the Reserve Bank of India since 2013, Urjit Patel will take over charge of the central bank, replacing Raghuram Rajan, the outgoing governor, who returns to the United States. Patel holds a bachelor's degree from the London School of Economics, a master...
Prime Minister Modi to Address USIBC on June 7
Ahead of his address to the Joint Session of the U.S. Congress on June 8, the Prime Minister of India, Narendra Modi, will address the U.S.-India Business Council’s 41st Annual Leadership Summit in Washington DC. As part of the USIBC annual summit, Modi will also participate in a roundtable with...
India’s Medtech Sector Sees Healthy Growth
On the recommendation of India’s Drugs Technical Advisory Board, the government has agreed to delink the medical devices sector from the pharmaceutical sector according to a report in The Times of India. India’s Central Drugs Standards Control Organization will post the revised schedule on its Website, and will issue a...
Indian Government to Facilitate U.S. Investments
To bolster the renewed interest among American businessmen, the Indian government has constituted an inter-ministerial committee to ensure that investments from the U.S. do not run into roadblocks. Members of the committee include officials from the finance, environment, power, transportation, defense, civil aviation, telecom, health and external affairs ministries, and it...
Progress in U.S.-India Defense Trade
At the U.S.-India Business Council’s gala in Washington, D.C. Frank Kendall, the Defense Department’s undersecretary for acquisition, technology and logistics discussed the Defense Trade and Technology Initiative which is part of a broader effort to build the United States’ relationship with India. At its core, the initiative is an effort...