New Incubation-style Platform will Support U.S. Organizations that Seek to do Business in India
Commitment to the U.S.-India trade and investment relationship was further strengthened with the announcement that a series of U.S. Business Centers will be established in India, to provide an incubation style environment for U.S. organizations entering and expanding in the market. The announcement was made by Dr. Mukesh Aghi, President of the U.S. India Business Council, at the Council’s 40th Anniversary Leadership Summit in Washington D.C. following the opening keynote address by U.S. Vice President Joe Biden and in introducing Secretary of State John Kerry’s address. Additional keynotes were given by U.S. Secretary of Commerce Penny Pritzker, and representing the Government of India the Minister of External Affairs Sushma Swaraj; Minister of Commerce and Industry, (Independent Charge), Nirmala Sitharaman; and Minister of State (Independent Charge) for Power, Coal and New and Renewable Energy Piyush Goyal. The event was attended by 400 senior U.S. and Indian diplomats, policymakers, business leaders, and investors. The Leadership Summit kicked off the inaugural U.S. India Strategic and Commercial Dialogue taking place in Washington D.C. this week and in advance of Prime Minister Modi’s visit to the U.S. later this week.