PepsiCo chairman Indra Nooyi and Hindustan Times Group chairperson Shobhana Bharatia were honored with the 2015 Global Leadership Award by the U.S. India Business Council Sept. 21 at its annual gala for their commitment to driving a more inclusive global economy and their roles as women leaders. U.S. Vice President Joe Biden and Secretary of State John Kerry were among those who spoke at the gala.
Noting that USIBC plays an important role in strengthening the India-U.S. relationship, Nooyi said there are tremendous opportunities ahead to work together in new ways that capitalize on their collective strengths, paving the way to shared prosperity.
In other news, a venture capital fund backed by Reliance Industries Ltd. and a United States-based technology firm have signed an agreement to bring cutting-edge software technologies to India. Reliance-backed GenNext Ventures and Ecorithm’s partnership was announced on the sidelines of the inaugural India-U.S. Strategic and Commercial Dialogue.
Ecorithm’s powerful suite of technologies can be applied to build systems and various other enterprise solutions to improve operations, optimize systems, and minimize energy use, a media release said.
“As we bring Ecorithm into India, we are keen to deploy the technology to optimize the energy efficiency of our buildings and raise the standard of environmental design and operation for buildings and enterprises to global levels,” said Vivek Rai Gupta, managing director of GenNext Ventures. Asserting that India offers immense opportunities, External Affairs Minister Sushma Swaraj sought investments from United States industry leaders in public and private sectors.
In her address at U.S. India Business Council’s 40th annual gala Sept. 22, Swaraj said U.S. businesses are “best placed” to make their business decisions. “But it would help if I underline here the scale of India’s economic ambition and the size of economic opportunity that it represents for both our countries,” she said.
“We have plans to boost urbanization, and we are determined to provide affordable power and housing for all. We want to connect manufacturing in India with global supply chains… to develop product-based and service-based industrial and governance platforms around Digital India,” she said.
All of these initiatives and plans present commercial and business opportunities for U.S. industries to partner with India’s public and private sectors for a “win-win outcome,” the minister said. Meanwhile, John T. Chambers, executive chairman of Cisco, has been elected as the new chairman of the U.S. India Business Council.