America
US-India trade body inducts six new board members
Washington, May 16
The US-India Business
Council (USIBC) comprising more than 300 top-tier US and Indian
companies advancing US-India commercial ties has inducted six global
business leaders to serve as members of the board.
The new
appointees are Anurag Bhargava, Chairman, IREO; Marc Allen, President of
Boeing International; David M.Cordani, President and CEO, Cigna
Corporation; Patrick Dewar, Chairman, Lockheed Martin Global; Kenneth C.
Frazier, Chairman and CEO, Merck; and Edward Monser, President and COO,
Emerson Electric.
USIBC and the board of directors remain
committed to advancing the commercial relationship between the US and
India, said Ajay Banga, USIBC Chairman and MasterCard President and CEO.
"Our
members are encouraged by Government of India's commitment to economic
growth, to attracting the investment needed to achieve that growth, and
improving the ease of doing business in India," he said.
They
"look forward to contributing to India's growth story through any number
of Government of India initiatives, including Smart Cities and Make in
India."
The new group of directors is "joining the Council at a
time when India is poised for tremendous growth and will undoubtedly
provide valuable leadership to USIBC and its members," said Mukesh Aghi,
President of USIBC.
Anurag Bhargava, Chairman of IREO, the
largest FDI investor in the construction development sector in India
said, "IREO is committed to delivering world-class homes and supporting
efforts to build smart cities and urban infrastructure that enables
India's continued economic growth and middle class expansion."
"Promoting
an innovation-based economy supports not only the growth of the life
sciences industry, but also helps to expand health care access for its
people," said Kenneth C. Frazier, Chairman and CEO, Merck.
"As
Cigna works to improve both health and vitality in India, we look
forward to increasing our presence in the dynamic Indian market," said
David M. Cordani, President and CEO of Cigna.
"India has a lot to
offer to the world as a market and US companies have a lot to consider
and gain from the opportunity," said Edward Monser, President and COO of
Emerson Electric.
"Boeing's relationship with India dates back
several decades, and we look forward to an enduring partnership for
decades to come," said Marc Allen, President of Boeing International.
"Lockheed
Martin's commitment to teaming with the Indian Government and
enterprise aligns well with the spirit of the Council's mission to
advance the bilateral relations," said Patrick Dewar, Chairman of
Lockheed Martin.
As board members, this dynamic group of CEOs
along with existing members will help promote the USIBC policy advocacy
priorities across critical areas such as health, defence, designing
liveable cities, technology, manufacturing and financial services, said
the trade association.