US-India CEO Forum to be held on February 14; American members of Forum announced
US Commerce Secretary Wilbur Ross on February 7, 2019 announced the names of the American private sector members of the US-India CEO Forum. MasterCard CEO Ajay Banga and Qualcomm CEO Steve Mollenkopf are among the members of the US-India CEO Forum.
The first meeting of the US-India CEO Forum under the US President Donald Trump Administration will be held in New Delhi on February 14, 2019.
Chair, Co-chair and Members of US-India CEO Forum
• The meeting will be co-chaired by US Commerce Secretary, Wilbur Ross and Union Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu.
• The Chairman, President and CEO of the American Tower Corporation, James Taiclet will be the US Private Sector Co-chair of the forum.
• The incoming US CEOs will bring fresh perspectives to the forum and help us consider new opportunities to further deepen our cooperation," he added.
• The other prominent American members of the Forum are Sanjay Bhatnagar, President and CEO of WaterHealth International; John Chambers, Founder and CEO of JC2 Ventures LLC; Douglas DeVos, Co-Chairman of Amway; and D. James Umpleby III, Chairman and CEO of Caterpillar, among others.
Term and selection of US CEOs
The term of the CEOs from the United States is that of two years. The US CEOs are selected from respondents to a Federal Register Notice calling for CEO-level applicants to the US Section of the Forum.
Highlights of the US-India CEO Forum
• The US-India CEO Forum is crucial for the fruitful commercial relationship and strong economic ties between India and the United States.
• Both the sides will discuss key issues such as India’s FDI rules for e-commerce and import duties on IT and electronics, and the US penal duties on steel and aluminium.
• The Commercial Dialogue will also focus on issues such as standards, business climate and investment and, travel and tourism
• It will cover areas like MSME, infrastructure and logistics, energy and environment, finance, healthcare and pharmaceuticals, defence, aerospace, media and entertainment.
• The Forum will present a report on the progress made in the key areas between the US and Indian governments.