Shirish Pareek is founder and CEO of Hydraulex Global.
WASHINGTON, DC: Shirish Pareek, Founder & CEO, Hydraulex Global, is among the 26 new members appointed to the Manufacturing Council.
The Council is comprised of up to 30 members that represent a diverse cross section of the US manufacturing industry, including steel, textile, semiconductor, and medical manufacturers. Their products support a wide range of industries such as the auto, apparel, aerospace, and energy efficiency sectors.
U.S. Deputy Secretary of Commerce Rebecca Blank, in announcing the appointments, said, “keeping our manufacturing sector strong is critical to job growth in the United States. The Department of Commerce is focused on supporting U.S. manufacturers as they build things here, so they can sell them everywhere. The Council has an important role to play in shaping the direction of our nation’s manufacturing strategy and supporting American businesses and workers.”
The Council, established in 2004, advises the Secretary of Commerce on government policies and programs that affect U.S. manufacturing and provides a forum for proposing solutions to industry-related problems. The Council also works to ensure that the United States remains the preeminent destination for investment in manufacturing throughout the world. The Secretaries of Labor, Energy, and Treasury serve as ex officio members of the Council to better collaborate on cross-cutting issues the Council will address.
Manufacturing is a key industry in the revitalization of the U.S. economy and the growth of U.S. jobs. The United States is the world’s largest manufacturing economy, employing nearly 12 million Americans in 2012, and responsible for the production of $1.7 trillion in manufactured products in 2011, or 11.5 percent of U.S. GDP.
Pareek founded Hydraulex Global in August 2010 with the mission of becoming the premier worldwide remanufacturer and distributor of all major makes and brands of quality hydraulic pumps, motors, valves, servo and cylinders for a vast variety of industrial, mobile off-highway, mining and oil-field equipment sectors.
He previously acquired and managed MinnPar, a Heavy equipment parts business in Minneapolis, MN. He is now an owner and Board Member of MinnPar. He has also worked at international management-consulting firm McKinsey & Company and at Halliburton on the oil and gas exploration and production rigs in India and Indonesia.
Pareek earned a B.S. with University Honors in Mechanical Engineering from the Indian Institute of Technology Kanpur and an MBA with specialization in Operations and Strategy from Carnegie Mellon University.
He is a member of the Young Presidents Organization (YPO). He has served on the board of Carnegie Museum of Art, First Voice International, and a Working Board Member of Indian American Council. He currently serves on the board of Compatible Technology International, St. Paul, MN and along with his wife, Komal, is working on Sam India Project with food scientists and non-Profits in US as well as leading doctors, government officials and Members of Parliament on the severe issue of malnutrition amongst children in India.