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India, US CEOs to share growth ideas with Manmohan, Obama

By Arun Kumar, IANS,

Washington : Members of the newly reconstituted India-US CEO’s Forum are expected to meet Prime Minister Manmohan Singh and President Barack Obama Tuesday to share their thoughts on how to achieve the full potential of their economic partnership.

The 24-member reconstituted forum headed by Ratan Tata, chairman, Tata Sons Limited, from the Indian side and David Cote, CEO, Honeywell Inc. from the US side held its first meeting here Monday to discuss how to deepen the economic partnership between the two nations.

Tata and Cote later reported the outcome of their discussions to Montek Singh Ahluwalia, deputy chairman of the Planning Commission, and Michael Froman, deputy national security adviser to the president for International Economic Affairs, US Commerce Secretary Gary Locke, US Trade Representative Ambassador Ron Kirk, Director of National Economic Council Larry Summers and US Treasury Secretary Timothy Geithner.

Frontier areas of bilateral cooperation such as biotechnology, IT, pharmaceuticals, healthcare and high tech manufacturing are represented in the CEO Forum. Of the 24 CEOs, five are women, reflecting the fact that women are increasingly making a mark in business in both countries.

From the Indian side, the members are: Mukesh Ambani, chairman and MD Reliance Industries Limited, O.P. Bhatt, chairman State Bank of India, S. Gopalakrishnan, CEO and MD Infosys Technologies Limited, Analjit Singh, chairman and MD Max India Limited, Kiran Mazumdar Shaw, chairman and MD Biocon Limited, Preetha Reddy, MD Apollo Hospital Group, Sunil Bharti Mittal, chairman and group managing director Bharti Enterprises, Chanda Kochhar, MD and CEO ICICI Bank Limited, Deepak Parekh, chairman HDFC Limited and Ashok Ganguly, chairman Firstsource Solutions Limited.

From the US side the members are: Louis R. Chenevert, president and CEO United Technologies Corp, Richard T.Clark, chairman, president and CEO Merck, James Dimon, chairman and CEO JP Morgan Chase, Paul T. Hanrahan, president and CEO AES Corporation, Dr.Paul E. Jacobs, chairman and CEO Qualcomm Inc, Ellen J. Kullman, CEO DuPont, Andrew N. Liveris, chairman and CEO Dow, Terry McGraw, CEO The McGraw-Hill Companies, Indra K. Nooyi, chairperson and CEO PepsiCo, Vikram Pandit, CEO Citigroup and Michael Splinter, president and CEO Applied Materials.