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Gina Raimondo and Piyush Goyal host sixth U.S.- India CEO Forum
The United States hosted the sixth meeting of the U.S. - India Ceo Forum on Oct. 2. The meeting was co-chaired by Minister of Commerce and Industry of India Piyush Goyal and U.S. Secretary of Commerce Gina Raimondo.
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Piyush Goyal and Gina Raimondo / Instagram/@piyushgoyalofficial
The United States hosted the sixth meeting of the U.S. - India Ceo Forum on Oct. 2. The meeting was co-chaired by Minister of Commerce and Industry of India Piyush Goyal and U.S. Secretary of Commerce Gina Raimondo.
The U.S.-India CEO Forum is a platform that collaborates with leaders from the U.S. and Indian business sectors. The primary goal is to formulate and present collaborative recommendations to enhance bilateral commercial relations and fostering increased bilateral trade and investment.
During the meeting, representatives from the U.S. and Indian governments, along with CEO Forum members, reaffirmed their dedication to enhancing bilateral trade and commerce, promoting inclusive economic growth and innovation, and strengthening their partnership.
Held a productive meeting with the US Secretary of Commerce @SecRaimondo, over lunch on the sidelines of the India-US CEO Forum.
— Piyush Goyal (@PiyushGoyal) October 2, 2024
Our discussions focused on prospects of tech and R&D collaboration in critical sectors such as defence, space, semiconductors, telecom, AI and clean… pic.twitter.com/Xwxs0OqhkS
The Secretary and the Minister expressed gratitude to James Taiclet, President and CEO of Lockheed Martin, and N. Chandrasekaran, Chairman of Tata Sons, for their leadership as private sector co-chairs from 2023 to 2024. The meeting also recognized the recommendations and initiatives of forum members.
The meeting also looked at the Forum's achievements, including the launch of the publicly accessible Network for Innovation and Harnessing Investments and Trade for Inclusive Growth between the United States and India (NIHIT) platform for innovation and trade between the United States and India.
NIHIT facilitates online knowledge sharing and networking for U.S. and Indian startups and small businesses. So far, NIHIT has conducted four workshops on cybersecurity, digital technologies, and AI, attended by over 1,000 startups, small businesses, and entrepreneurs.
CEO Forum members, representing 22 U.S. companies and 25 Indian companies, have recently announced several initiatives to enhance U.S.-India commercial engagement. Lockheed Martin and Tata Advanced Systems Limited signed a teaming agreement for the C-130J Super Hercules aircraft, establishing a maintenance and repair facility in India and expanding aircraft manufacturing for the Indian Air Force.
Kyndryl Inc. partnered with CreditAccess Grameen to provide technology services that digitize microloan processing, enabling over 2 million women in rural India to access credit more easily. Amneal Pharmaceuticals announced the launch of new medicines and broke ground on a peptide manufacturing facility in Ahmedabad, India.
Honeywell International delivered a 1.4 MWh Battery Energy Storage System for India’s first on-grid solar project in the Lakshadweep Islands, while Pfizer launched its first commercial analytics center in India, called the “Analytics Gateway,” to leverage AI for improved market analytics and medicine delivery.
Additionally, Viasat signed an MOU with the Government of India to collaborate on next-generation space technologies for high-speed internet services, and Otis Worldwide broke ground on an expansion of its Bengaluru manufacturing facility, which will double escalator production capacity to support various development projects in India.
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