WASHINGTON--(EON: Enhanced Online News)--The leadership of the U.S.-India Business Council (USIBC) Digital Economy Industry Group just concluded a visit to New Delhi for a series of high level meetings with the Government of India (GOI). The Digital Economy Industry Group, chaired by Joe Alhadeff, Vice President Global Public Policy and Chief Privacy Strategist, Oracle, and vice-chaired by Stephen W Braim, Vice President, IBM Growth Markets Unit, met with the Prime Minister’s Office, DeiTy, the Department of Telecom, Bureau of Indian Standards, Department of Personnel, Ministry of External Affairs, and the NSA.
“the Government of India was open to hearing the concerns of business and there is a renewed sense of cooperation as we work to achieve our common goals.”
The trip occurred in the shadow of a number of controversial issues related to preferential market access and localization which had recently created tensions in the dialog between Industry and the Government of India. Recent actions taken by the GOI to address a number of these concerns have helped alleviate pressures in the relationship. The Government's commitment to improved consultation also creates a constructive and productive dialog through which all parties can address remaining issues.
USIBC again expressed gratitude that the government of India had placed on hold the problematic preferential market access (PMA) policy which mandated the manufacturing of electronic goods in India.
“This appears to be a positive step in the right direction,” said Braim. “We must continue to work together to create a holistic environment of market-based policies that achieve India’s long term goals across all areas of information technology investment and development.”
Alhadeff added that he was “encouraged by the constructive nature of the dialog and openness for improved consultation and cooperation. The meetings were very productive and the USIBC Digital Economy leadership reinforced the American companies’ long term commitment to India.”
According to USIBC’s Senior Director Gaurav Verma, “the Government of India was open to hearing the concerns of business and there is a renewed sense of cooperation as we work to achieve our common goals.”
The leadership reinforced the need for international industry consultation to ensure that India develops and maintains the best practices and technology in the global market.
Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council (USIBC) is the premier business advocacy organization advancing U.S.-India commercial ties. Today, USIBC is the largest bilateral trade association in the United States, headquartered in Washington, DC, with liaison presence in New York, Silicon Valley, and New Delhi, comprised of more than 350 of the top-tier U.S. and Indian companies. Ajay Banga, President & CEO of MasterCard, is USIBC’s chairman. For more information, visit www.usibc.com.