US, India business leaders to meet on June 22

Washington: Top Indian and American business leaders will meet in Washington next week at a key conclave to deepen bilateral economic and trade ties. The two-day meeting will take stock of the US-India commercial relationship, calibrate a fresh course for progress, and accelerate the partnership's path of prosperity, benefitting both countries for decades to come, Washington-based US India Business Council (USIBC) said in a statement.

The Union Minister of Commerce and Industry Anand Sharma would represent India at the 36th annual conclave of USIBC to be held on June 22-23. US President Barack Obama's chief of staff William Daley will also address the annual meeting.

The theme of this year's USIBC Leadership Summit is 'Addressing Challenges, Boosting Ties', reflects a growing concern among investors over headwinds that the US-India relationship has recently encountered.

The two-day meeting will take stock of the US-India commercial relationship.

Despite President Obama's historic visit to India in November, 2010, a series of events - external and internal to both countries - has tempered enthusiasm for government-to-government engagement, USIBC said.

"Unrelated, but almost simultaneously, a series of political events in India froze the progress of its ambitious reform agenda. Regional elections in the states of West Bengal, Tamil Nadu, and Kerala then preoccupied India's leadership," USIBC said.

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