Union Minister for
Communications & IT, Law & Justice Kapil Sibal kicked off the IACC’s
Indo-US Resurgence Summit: A Search for Innovative Strategies today at the
capital’s Hyatt Regency Hotel. His inaugural address set the stage for a
daylong exchange on business relations between India and United States. Calling
for a “disruptive” approach to Indo-American business ties, Mr. Sibal told
participants that a “convergence” of US and Indian business interests is the
need for the future.
Aside from Mr. Sibal, the summit featured
a galaxy of speakers from the business and diplomatic world including two
former Indian ambassadors to the US, Ronen Sen and Lalit Mangsingh and two
serving minister counsellors at the US embassy here, John McCaslin (commercial
affairs) and George Sibley (economic affairs).
“Our resurgence summit seeks to provide
more depth to commercial ties between the world’s most powerful and the world’s
largest democracies. The idea to enhance the partnership to the next level of
business, the middle-level enterprises that are thriving hubs of innovation and
employment,” said Dr Lalit Bhasin, a well-known lawyer who heads the IACC.
The focus was on Aviation and
Aerospace, Security, Services, Trade and Media and Entertainment, sectors that
will lead the growth in business partnerships between Indian and American firms
over the next decade.
The summit highlighted
opportunities in areas of bilateral trade and investment, technology transfer,
joint ventures; public private partnerships and highlight the policy and
regulatory framework in the focused sectors. Its key objectives and takeaways
include:
·
Act as a global window to
showcase Indo-US strengths and future areas of collaboration;
·
Offer insights to emerging
opportunities;
·
Help create a strong networking
platform for developing direct B2B and P2P contacts;
·
Provide a platform to network
with global Industry leaders and senior representatives from Governments and
PSUs.
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