DCM Khampa addressing the gathering at the CII India Reception on the sidelines of the SelectUSA Investment Summit / Shinjini Ghosh
Over 70 business leaders from India and representatives across 27 states from the United States of America gathered at the Confederation of Indian Industry (CII) India Reception, on Monday, on the sidelines of the SelectUSA Investment Summit. Investors and government officials from both India and the U.S. highlighted the importance of the bilateral industry cooperation.
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Speaking at the event, Namgya C. Khampa, Deputy Chief of Mission (DCM), stressed on the importance of the "bilateral partnership" between the two countries and the fact that there has been a significant economic partnership between the U.S. and India despite "there being a comprehensive free trade agreement."
"And the best part for the bilateral partnership is that US companies are deeply embedded in India's growth story and India's transformation across digital infrastructure, manufacturing, financial services and emerging technologies. At the same time, Indian companies are also making a growing contribution to the US economy, bringing capital, supporting jobs, strengthening supply chain and contributing to communities across states, in areas like manufacturing, pharmaceuticals," Khampa said.
Aruna Miller, Lt. Governor, Maryland addressing the gathering t the CII India Reception on the sidelines of the SelectUSA Investment Summit / Shinjini GhoshApart from investors from both the countries, the event saw speakers like Gov. Matt Meyer of Delaware, Gov. Lou Leon Guerrero of Guam and Lt. Gov. Aruna Miller of Maryland.
Highlighting the importance of such gatherings, Meyer said, "Let's be honest, kids who are graduating from college now, students who are graduating from high school, individuals, brothers, sisters, our cousins, our friends who are mid-career, whether in America or in India or anywhere in the world, are faced with tremendous uncertainty of an economy that's changing rapidly, of a fear that things that were not automated yesterday will be automated tomorrow."
Referring to his recent trip to India, Meyer added, "One thing I took from my India trip is that in rooms like this, there are people who can address those issues."
Emphasizing Maryland's diversity, with a special reference to a large Indian diaspora, Miller also highlighted how the state is also in close proximity to several federal agencies and that it has a supportive business ecosystem.
"This isn't about a single investment. It's about a partnership, one that grows our company with your company, and strengthens our state and leaves our ties, both economically and culturally," Miller said.
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