The US-India Strategic Partnership Forum
Prime Minister Narendra Modi delivered a special keynote address at the US-India Strategic Partnership Forum's 3rd Annual Leadership Summit via video conferencing in New Delhi.
• The theme of the summit was 'Navigating New Challenges'.
• The USISPF Board of Directors was represented by 21 US and Indian CEOs whose businesses represent a market capitalisation of USD 1.7 trillion, leading influences of the Indian Diaspora, prominent members of the foreign policy fraternity, and senior diplomats from both governments.
• USISPF announced the formation of its India Executive Leadership Board that was headlined by an address of the Vice President Mike Pence.
• As a result, 17 senior India business leaders join the Board to steer the organization’s India strategy and further grow engagement.
• US-India Strategic Partnership Forum (USISPF), a not-for-profit institution that works on boosting partnerships between the two countries, for deeper economic ties around healthcare, defence, hi-tech, and agriculture.
About US-India Strategic Partnership Forum (USISPF)
The Forum, formed in 2017 under the Chairmanship of John Chambers, is the only independent bi-lateral organization that is committed to creating the most powerful strategic partnership between the U.S. and India.
Promoting trade is an important part of USISPF’s work, but the organization’s mission reaches far beyond this to ensure business and government comes together in innovative ways to create meaningful opportunities that have the power to change the lives of citizens.
The Forum actively works on areas such as water, education, immigration, CSR and culture.
The USISPF Board of Directors is represented by over 20 Global Fortune 500 CEOs, joined many former senior officials from both governments and other C-level executives and the Forum’s advisors include eminent leaders like General David Petraeus, Indra Nooyi and former founding Vice-Chairman of NITI Aayog, Prof Arvind Panagariya.
‘Atmanirbhar Bharat’, Self-Reliant India is about transforming India from being just a passive market to an active manufacturing hub at the heart of the global value chain.
The pandemic had also shown the world that the decision of developing global supply chain should not be just based oncost but also be based on trust. Along with affordability of geography, companies are now looking for reliability and policy stability, and India has all these qualities.
PM said that, ‘As a result, India is becoming one of the leading attractions for foreign investment, be it from the US, the Gulf, the EU or Australia. The world believes in India.
'Aatmanirbhar Bharat' merges the local with the global. It ensures India's strengths act as a global force multiplier."
The discussion focussed on the ease of doing business in India, digitisation & fintech; agriculture, including agricultural infrastructure; private sector participation across all the sectors of the Indian economy; skill development; healthcare; COVID-19 mitigating measures undertaken by the government & possible future course of actions; role of government spending in the infrastructure sector in the coming years; and manufacturing in India, with a special emphasis on the logistics sector in India.
Being attended by top corporate leaders, government officials and political personalities, the summit highlights areas of bilateral cooperation; trade and investment; strategic energy ties; India’s position in global supply chains, collaboration in fintech, healthcare, and technology.
The Forum is a win-win partnership between the world’s largest and oldest democracy. Aggressive and assertive China provides further opportunity for both nations to collaborate and ensure international rule of law prevails.