American, India top CEOs recommend ways to boost bilateral trade

Washington D.C., July 13 (ANI): Top chief executive officers of India and the United States have given their recommendations to their respective governments on ways to improve and boost bilateral trade between the two countries.

The recomemndations were made during the US-India CEO Forum meeting held at the State Department here.

Opening remarks were made by India's Finance Minister P Chidambaram, U.S. Treasury Secretary Jacob Lew, Indian Commerce and Industry Minister Anand Sharma, U.S. Commerce Secretary Penny Pritzker and U.S. Deputy Secretary of State William Burns.

The meeting was co-chaired by Planning Commission Deputy Chariman Montek Singh Ahluwalia and U.S. Trade Representative Michael Froman.

Ratan Tata and David Cote, CEO, Honeywell, represented the CEOs side.

India's Ambassador to the United States Nirupama Rao was present in the meeting.

U.S. Deputy National Security Advisor Caroline Atkinson delivered the closing remarks and outlined the future agenda for the Forum.

The sectors discussed in the meeting included agriculture, agriculture value chains, water management, health and life sciences, energy, defense and homeland security.

Recognising the vital role that bilateral trade and investment plays in this global strategic partnership, the US-India CEO Forum was created in 2005 to provide a platform for the Indian and US CEOs to discuss issues of mutual interest and suggest action-oriented recommendations to both governments for consideration. (ANI)