Indian-origin Punit Renjen, CEO of professional services firm Deloitte Global, has been selected to be the vice chair of US India Business Council with Edward Monser, president of Emerson, a global manufacturing and technology company.
The announcement comes at the heels of former Cisco CEO John Chamber's recent appointment to USIBC Chairman.
Renjen and Monser together represent over 60 years of experience and expertise in global manufacturing, business strategy, and business development, reflecting USIBC's directive to maintain a diverse leadership, USIBC said in a statement.
"In growing the exchange of talent between our two countries and further opening channels for increased trade and investment, we will be able to deepen innovation, create high-quality jobs and fuel our industries' global competitiveness for the 21st century," Renjen said.
"With India's push for advancement across industries, and initiatives like Make in India gaining momentum, I see several channels for collaboration, exchange of ideas, and exchange of technology between the two countries," Monser said.
"Together, with our combined experience, we can tackle some of the most difficult challenges on both sides," said Mukesh Aghi, USIBC president.
"We have already seen the expansion of FDI into the media and entertainment, single brand retail, and defense sectors," he said.
Indian states are also actively reaching out to investors here in the US, showcasing the power of competitive federalism, he added.
"High on the priority list this year includes the passage of the Goods and Services Tax and land acquisition reform in India, as well as growing the manufacturing sector in order to consolidate India's presence as a key player in the global economy," Aghi said.
USIBC is a business advocacy organization Formed in 1975. It has 350 top-tier US and Indian companies as members.
