IANS | 10 Jan, 2023
Union
Minister for Commerce and Industry Piyush Goyal is on a three-day visit to
the United States from 9-11 January 2023. Goyal addressed two roundtables on
January 09 (Monday) in New York: At the Council on Foreign Relations
(CFR); and hosted by the U.S. – India Business Council (USIBC) at
Nasdaq.
The discussion at CFR was moderated by Amb. Kenneth Juster and
was attended by stakeholders from the industry, academia and think
tanks. The Roundtable hosted by the USIBC at Nasdaq was moderated by
Amb. (Retd.) Atul Keshap, President, USIBC, was attended by Executive
Vice Chairman, Nasdaq and Chairman USIBC Global Board of Directors, Mr.
Edward Knight, as well as several leaders from the US business
community.
At these Roundtables, CIM gave an overview of the overarching
reforms undertaken in the country in the recent years and remarkable
transformation of business ecosystem in India. He invited the U.S.
industry to make use of the limitless opportunities in India especially
in sunrise sectors such as EVs, semiconductors, battery technology, etc.
He noted that the India-US bilateral relations have been at an all-time
high; and there exists huge potential to further strengthen the
commercial ties, given the shared strategic priorities and complementary
strengths of the respective economies.
Earlier
in the day, Goyal visited Tata Innovation Center, a
partnership between TCS and Cornell Tech in New York, acting as a bridge
between academia and industry.
It was established in 2017 after a
contribution of $50 million by TCS and focuses on artificial
intelligence and data analytics. CIM was welcomed by Mr. Suresh
Muthuswami, Chairman of TCS North America.
Virtual reality-based 3D
immersive content was demonstrated to HCIM on a live surgical procedure.
CIM appreciated the contribution of Indian companies to the U.S.
technology sector, adding to mutual competitiveness and productivity.
During
the course of the day, CIM met and held extensive discussions with
several CEOs of leading companies, including Mr. Michael Miebach of
Mastercard; Mr. Henry R Kravis, Co-Founder and Co-Executive Chairman of
KKR (Kohlberg Kravis Roberts & Co); Mr. Josh Silverman, CEO of
e-commerce platform Etsy; Mr. Stephen A Schwarzman, CEO of asset
management group, Blackstone; and Mr. George R. Oliver, CEO of Johnson
Controls. CEOs, in their discussions, complimented the bold economic
reforms undertaken by India under the leadership of Prime Minister. They
expressed optimism at India's growth trajectory. CIM invited them to
expand their presence in India, making use of the growing opportunities.