Chidambaram, Sharma, Tata to attend USIBC business meet

India has created 100,000 jobs in the U.S, says USIBC study.

By American Bazaar Staff

WASHINGTON, DC: Ahead of an elite business meet here on Thursday featuring top political leaders and corporate honchos from India and the United States, to mark the US-India Business Council’s (USIBC) 38th anniversary leadership summit, the advocacy group released a report that says investment by Indian companies in this country has touched a record $11 billion and has created more than 100,000 jobs, today.

Thursday’s high-powered business meet will see an Indian delegation that comprises of finance minister P. Chidambaram, commerce minister Anand Sharma, and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia, apart from corporate luminaries like Ratan Tata of the Tata Foundation, Hari Bhartia of Jubilant, Sunil Bharti Mittal of Bharti Enterprises, Chanda Kochhar of ICICI Bank, Preetha Reddy of Apollo Hospitals, and Analjit Singh of Max Healthcare.

U.S. Trade Representative Michael Froman will spearhead the US delegation for the meet titled ‘Agenda for Progress.’ Also seen would be Dave Cote of Honeywell, who will share stage with Tata.

Other US corporate leaders expected to grace the meet include Ajay Banga of MasterCard, Indra Nooyi of Pepsico, Sanjay Bhatnagar of Waterhealth International, Louis Chênevert of United Technologies Corporation, Wim Elfrink of Cisco, Paul Jacobs of Qualcomm, and Harold McGraw III of The McGraw-Hill Companies. Banga had recently visited India also as part of an USIBC delegation and met several regional leaders too to seek business ties.

Expectations are also rife that the Indian politicians would also dwell on the sidelines of the summit, with their US counterparts, on the immigration bill being discussed in the US House of Representatives, to lobby for the cause of the Indian tech industry, which has made its displeasure clear over certain aspects of the bill, which if enacted into law, would hurt their bottom line and which India sees as being discriminatory and protectionist.

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