The India-U.S. CEO Forum, chaired jointly by Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles and Ms. Gina Raimondo, US Secretary of Commerce was held virtually.
What Has Been Said:
The Union Minister informed that the forum focussed on deepening the strategic partnership between India and US. “The forum saw active participation and discussions by CEOs of both countries as India and US look to deepen our strategic partnership in various sectors of our respective economies,” he further said.
About The Forum:
This is the sixth time the Forum has been convened since its reconstitution in December 2014 by the Governments of India and the USA. The Forum continues to be an effective platform for dialogue across key sectoral themes and to identify areas for closer collaboration for mutual benefit of both economies. Senior government functionaries, including Mr. Taranjit Sandhu, the Indian Ambassador to the US also participated in the meeting.
The CEO Forum, comprising of CEOs from leading Indian and US based companies, is co-chaired by Mr. N. Chandrasekaran, Chairman of Tata Sons and Mr. James Taiclet, President and Chief Executive Officer, Lockheed Martin.
Indo-Pacific Economic Framework (IPEF):
External Affairs Minister S Jaishankar also met with Commerce Secretary Gina Raimondo and discussed Indo-Pacific Economic Framework (IPEF) alongside high technology cooperation between the two countries.
The US Secretary also appreciated Jaishankar’s views on IPEF going forward and emphasized the need for an ambitious and high-standard outcome as she underlined working closely with India in the discussions ahead, the official statement by the US Department of Commerce.
IPEF, a group of 13 countries, is a multilateral economic framework. Since its launch in May launch, IPEF countries have engaged in intensive discussions to scope out each pillar of the Framework.
The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched jointly by the USA and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo.
India joined the IPEF and Prime Minister Narendra Modi attended the launch event along with US President Joe Biden, Japanese Prime Minister Kishida Fumio and other leaders from partner countries.