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...
McKinsey CEO and USIBC President Both Upbeat on India
The world's most renowned consulting firm has large operations in India and their CEO, Dominic Barton was in Mumbai this week. Here is an excerpt from his interview with the The Economic Times. Do you get a sense from the American business community, that it is time to bet on...
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...
India-US Trade can touch $500 billion in 10 years
According to the US-India Business Council (USIBC), the bilateral trade between India and the USA could reach the $500-billion mark over the next decade. From $25 billion in 2006, the Indo-US trade has risen to $100 billion last year, while defense trade alone received $10 billion in the past ten...
India needs to address concerns about nuclear liability
According to the Economic Times, the US-India Business Council (USIBC) has said that India needs to address the concerns of nuclear liability bill if it wants foreign and domestic Indian suppliers to participate fully in the Indian Market. USIBC also said that two companies (GE Hitachi Nuclear Energy and Westinghouse Electric Company)...
Union Power Minister Sushil Kumar Shinde visits Los Angeles, Amritt hosts
On Friday, April 13, I had the honor of hosting the Honorable Union Minister of Power from India, Mr. Sushilkumar Shinde. We organized a private lunch with the US India Business Council and met for lunch at the Los Angeles Chamber of Commerce. Shinde's ministry is responsible for all power...