Published:
USIBC Launches 'Green India' Summit
WASHINGTON, Oct. 12 /PRNewswire-USNewswire/ -- The U.S.-India Business
Council (USIBC), in partnership with the Confederation of Indian Industry
(CII) will launch on October 15, 2008 its new "Green India' Initiative,
highlighting the challenges and opportunities relating toIndia's massive
infrastructure build-out and those U.S. technologies which can match these
needs. USIBC's 'Green India' Summit at the U.S. Chamber of Commerce in
Washington will featureIndia's Union Minister of Power, Sushil Kumar Shinde,
together with U.S. Commerce Secretary Carlos Gutierrez, along with a host of
experts associated with clean technologies and renewable power.
USIBC's objective is to focus increased attention on the necessity of
meetingIndia's infrastructure demands by implementing state-of-the-art,
environmentally-sustainable technologies.
Innovation and investment in new technologies - essential to protect the
environment while reducing stress on global markets - presents a unique
challenge given the financial turmoil roiling economies worldwide. Indian
financial heavyweights Naina Lal Kidwai of HSBC and Rajiv Lal of IDFC will
share their prescriptions for howIndia can mobilize as much as a half
trillion dollars in infrastructure investment needed over the next half
decade, despite financial uncertainties.India represents one of the most
promising destinations for clean technology investment.
The event has attracted major 'star power' from a range of sectors and
will proudly feature important addresses by Montek Singh Ahluwalia, Deputy
Commissioner ofIndia's Planning Commission, as well as former Secretary of
Defense and USIBC Board Member William S. Cohen.
The U.S. Secretary of Commerce, Carlos Gutierrez, will likely announce an
upcoming civil nuclear trade mission toIndia, which will take place before
year-end. As a result of last week's signing into law the U.S.-India civil
nuclear cooperation initiative, U.S. companies will now have an opportunity to
compete for a fair share ofIndia's civil nuclear build out - valued at more
than $150 billion over the next 30 years, creating as many as a quarter
million high-tech jobs here in the U.S.
"The United States andIndia have embarked on a remarkably constructive
journey together. As the world's two most prominent democracies, we have a
special obligation and responsibility to chart a course that stems
environmental degradation and leaves our planet in better shape for future
generations. GreenIndia will be the first in a series of summits to be held
in the U.S. andIndia during alternate years to energize this important
dialogue," said Ron Somers, USIBC President.
The U.S.-India Business Council, formed in 1975 at the request of the
Government ofIndia and the U.S. Government to deepen two-way trade and
promote U.S.-India commercial ties, is the premier business advocacy
organization representing 280 of the largest U.S. companies investing in
India, joined by two dozen ofIndia's largest global companies. USIBC is
hosted under the aegis of the U.S. Chamber of Commerce - the world's largest
business federation representing more than 3 million businesses and
organizations of every size, sector and region.
SOURCE The U.S.-India Business Council
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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