National
US companies commit continued investments in India
By Aroonim Bhuyan
New Delhi, Dec 4 (IANS) Representatives of around 45 American companies met Prime Minister Narendra Modi at this year’s Global Entrepreneurship Summit (GES) in Hyderabad and expressed their commitment to continue investing in India, a top Indian American business leader has said.
These representatives were part of a delegation of the US India Strategic Partnership Forum (USISPF), a newly set-up non-profit organisation focused on deepening business relations between the US and India and enhancing the strategic relationship between the two countries.
“I can’t talk about the specifics (of the meeting with Modi) because it was off the record. But basically the companies did meet with the Prime Minister and they showed their commitment to continued investment into India,” USISPF President Mukesh Aghi told IANS in an interview.
The US looks at building its relationship with India on two broad principles. “One principle is that economic prosperity of India is good for America. And the second principle is a militarily strong India is good for regional stability,” Aghi said.
If India became economically more prosperous and there was more disposable income, people would tend to buy more US goods, or send more of their kids for education to the US, he said.
“If you look at this year, the enrollment of Indian students in the US went up by 12 per cent. So we have 186,000 Indian students in the US,” he stated.
“That’s one. Two, if you look at companies like Amazon, look at Uber, look at WhatsApp or Google, you know they have a tremendous market share in the Indian market. Their businesses grow because consumer spending is growing in India because of economic prosperity.”
On the defence side, Aghi said that if India became more prosperous, it would spend more money on defence.
“If you look at the last three years, the procurement with India has gone up to $15 billion,” he said.
“We are talking Make in India also from the manufacturing perspective of defence equipment. So, I think those principles are driving this relationship.”
On the current business environment in India, Aghi referred to the World Bank’s Ease of Doing Business rankings which saw India jumping from the 130th rank to 100th.
“When this government came in 2014, India’s ranking was 142. And now it has come to 100. I think that is a positive sign and we will keep on urging the government to go to below 50. That should be the ambition,” he stated.
About the economic reforms being undertaken by the Indian government, he said these have been certified by credit rating agency Moody’s, which has upgraded India’s sovereign rating to Baa2 from its lowest investment grade of Baa after 14 long years.
“What the government is doing is the right stuff — which seems to send a strong message to investors also. Moody’s ranking is a positive sign, very positive,” he said.
On what were the key takeaways for USISPF from this year’s GES, which was held on the theme “Women First, Priority for All”, Aghi said: “I think the number one takeaway is that start-ups and entrepreneurship are important for job creation. That’s what India needs”.
He also stressed on the involvement and engagement of women entrepreneurs and women workers for the growth of GDP and economy.
“You know, a McKinsey report shows that by 2025, if you engage more women workers, it will have an impact of $12 trillion on the global economy,” the USISPF president said.
(Aroonim Bhuyan can be contacted at [email protected])
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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