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Yahoo
2 days ago
- Business
- Yahoo
US Commerce Secretary Howard Lutnick and Second Lady Usha Vance Address USISPF Leadership Summit 2025
Washington, District Of Columbia , June 04, 2025 (GLOBE NEWSWIRE) -- The U.S.-India Strategic Partnership Forum (USISPF) convened its Leadership Summit 2025 in Washington, D.C., bringing together a distinguished group of senior government and business leaders, policy makers and thought leaders to celebrate and advance the U.S.-India-Japan partnership.(L-R): John Chambers (Chairman, USISPF), Dr. Mukesh Aghi (President & CEO, USISPF), Arvind Krishna (Chairman & CEO, IBM), Secretary Howard Lutick (US Commerce), Toshiaki Higashihara (Chairman, Hitachi), Kumar Mangalam Birla (Chairman, Aditya Birla).USISPF was proud to host the Second Lady of the United States, Ms. Usha Vance, in a conversation with John Chambers, Chairman, USISPF. described the US-India relationship as 'very personal' to her, highlighting a moment of 'great opportunity' in the evolving bilateral ties. 'When we were visiting India recently, I was struck by the number of people who came up to me and said how much they loved our country, how they visited family, how they visited just for pleasure, and how they were hoping for a close relationship going forward. I think these personal ties have something to do with it.' said while reminiscing about her visit to India along with her family. She continued, speaking on her upcoming priorities, "Literacy is going to be a big focus of my efforts. It's a natural fit, given that I have small children and my own personal interests." Following her remarks, Mr. John Chambers, Chairman of USISPF, delivered opening comments emphasizing the role of innovation and public-private partnerships in strengthening bilateral ties. The Summit featured engaging discussions with Ambassador Vinay Mohan Kwatra, Ambassador of India to the United States, Congressman Rich McCormick, Co-Chairman of the India and Indian-American Caucus and Senator Steve Daines. The keynote address was delivered by the U.S. Secretary of Commerce Howard Lutnick, who outlined strategic priorities for deepening economic collaboration between the U.S. and India. 'I am a great fan of India, and even the people in the government know it's true.' stated, underscoring his long-standing admiration for the country. Drawing from his experience and understanding of India's growth, he added, "From what I know about India, the core population of India has that drive and ambition, and that's why the Indian economy will always continue to grow and thrive. It has that underpinning, and you can do things in India that, in many other countries, you just can't get done." Emphasizing the positive trajectory of ongoing trade negotiations, he stated, 'You should expect a deal between the United States and India in the not-too-distant future, because I think we have found a place that really works for both countries.' Lastly, touching upon U.S. foreign policy under current leadership, he emphasized, 'The President thinks 'America First,' but he does not think 'America only' or 'America exclusively.' He will first take care of home - so that we are big and strong - but then he is going to take care of his allies. He is going to make sure that he takes care of India - whom he deeply, deeply admires and respects - and we are going to have a great, great relationship together.' The evening culminated in the presentation of the USISPF Global Leadership Awards 2025, to Mr. Arvind Krishna, Chairman, President & CEO, IBM; Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group and Mr. Toshiaki Higashihara, Executive Chairman, Hitachi, Ltd. These leaders were recognized for their outstanding contributions in strengthening the U.S.–India–Japan economic corridor. Under the leadership of , is the largest Indian greenfield investor in the United States, with investments exceeding $15 billion. , "It is a great honor to receive the 2025 USISPF Global Leadership Award. This recognition is a testament to Aditya Birla Group's deep commitment to the U.S., and belief in the potential to further deepen the U.S.-India partnership. We are proud to have started our journey in the U.S. over 18 years ago, and to place big bets here. We continue to choose America because we believe in the strength, stability, and promise of this nation, and our commitment goes beyond capital – we are investing in people, in communities, and in long-term impact to create mutual prosperity." , was honored for his leadership in redefining the future of technology especially in AI, hybrid cloud, and quantum computing. Arvind has ensured that India continues to play a central role in the company's global expansion plan and has been passionate about championing US-India deep tech ties. Under Arvind's leadership, IBM will continue to invest $150 billion in America over the next five years to fuel the economy and accelerate its role as the global leader in computing. "I'm honored to receive this award and grateful for the support of USISPF and its allies in strengthening the U.S.-India-Japan relations,' . 'IBM has built partnerships and made sustained technology investments in each country, and I believe these collaborations provide the right foundation for powerful innovation and growth." , was honored for leading Hitachi's transformation into a leader in Energy, Mobility, Industrial Automation, and Digital Technology, driving growth through sustainable development and benefits for society. Reflecting upon Hitachi's long-standing legacy in India, and accepting the award, he remarked, 'Having first established a presence in India in 1933, Hitachi has enjoyed a rich and enduring relationship with the country. India offers Hitachi a tremendous wealth of deep technical talent, and Hitachi brings a broad spectrum of solutions to India, from Mobility to Energy Infrastructure, to Software and Services. As we continue to serve our clients globally, our collaboration with USISPF, along with strong partnerships across the public and private sectors in both the United States and India, will be pivotal in fulfilling our commitment to delivering innovations that benefit society and the planet."Second Lady of the United States, Ms. Usha Vance in conversation at the USISPF Leadership USISPF The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the U.S.-India partnership in Washington, D.C., and in New Delhi, USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and the governments of India and the United States. Press inquiries USISPF Ankit Jain ajain@ 2244607900 2550 M St NWWashington, DC 20037, USA A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
US Commerce Secretary Howard Lutnick and Second Lady Usha Vance Address USISPF Leadership Summit 2025
Washington, District Of Columbia , June 04, 2025 (GLOBE NEWSWIRE) -- The U.S.-India Strategic Partnership Forum (USISPF) convened its Leadership Summit 2025 in Washington, D.C., bringing together a distinguished group of senior government and business leaders, policy makers and thought leaders to celebrate and advance the U.S.-India-Japan partnership.(L-R): John Chambers (Chairman, USISPF), Dr. Mukesh Aghi (President & CEO, USISPF), Arvind Krishna (Chairman & CEO, IBM), Secretary Howard Lutick (US Commerce), Toshiaki Higashihara (Chairman, Hitachi), Kumar Mangalam Birla (Chairman, Aditya Birla).USISPF was proud to host the Second Lady of the United States, Ms. Usha Vance, in a conversation with John Chambers, Chairman, USISPF. described the US-India relationship as 'very personal' to her, highlighting a moment of 'great opportunity' in the evolving bilateral ties. 'When we were visiting India recently, I was struck by the number of people who came up to me and said how much they loved our country, how they visited family, how they visited just for pleasure, and how they were hoping for a close relationship going forward. I think these personal ties have something to do with it.' said while reminiscing about her visit to India along with her family. She continued, speaking on her upcoming priorities, "Literacy is going to be a big focus of my efforts. It's a natural fit, given that I have small children and my own personal interests." Following her remarks, Mr. John Chambers, Chairman of USISPF, delivered opening comments emphasizing the role of innovation and public-private partnerships in strengthening bilateral ties. The Summit featured engaging discussions with Ambassador Vinay Mohan Kwatra, Ambassador of India to the United States, Congressman Rich McCormick, Co-Chairman of the India and Indian-American Caucus and Senator Steve Daines. The keynote address was delivered by the U.S. Secretary of Commerce Howard Lutnick, who outlined strategic priorities for deepening economic collaboration between the U.S. and India. 'I am a great fan of India, and even the people in the government know it's true.' stated, underscoring his long-standing admiration for the country. Drawing from his experience and understanding of India's growth, he added, "From what I know about India, the core population of India has that drive and ambition, and that's why the Indian economy will always continue to grow and thrive. It has that underpinning, and you can do things in India that, in many other countries, you just can't get done." Emphasizing the positive trajectory of ongoing trade negotiations, he stated, 'You should expect a deal between the United States and India in the not-too-distant future, because I think we have found a place that really works for both countries.' Lastly, touching upon U.S. foreign policy under current leadership, he emphasized, 'The President thinks 'America First,' but he does not think 'America only' or 'America exclusively.' He will first take care of home - so that we are big and strong - but then he is going to take care of his allies. He is going to make sure that he takes care of India - whom he deeply, deeply admires and respects - and we are going to have a great, great relationship together.' The evening culminated in the presentation of the USISPF Global Leadership Awards 2025, to Mr. Arvind Krishna, Chairman, President & CEO, IBM; Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group and Mr. Toshiaki Higashihara, Executive Chairman, Hitachi, Ltd. These leaders were recognized for their outstanding contributions in strengthening the U.S.–India–Japan economic corridor. Under the leadership of , is the largest Indian greenfield investor in the United States, with investments exceeding $15 billion. , "It is a great honor to receive the 2025 USISPF Global Leadership Award. This recognition is a testament to Aditya Birla Group's deep commitment to the U.S., and belief in the potential to further deepen the U.S.-India partnership. We are proud to have started our journey in the U.S. over 18 years ago, and to place big bets here. We continue to choose America because we believe in the strength, stability, and promise of this nation, and our commitment goes beyond capital – we are investing in people, in communities, and in long-term impact to create mutual prosperity." , was honored for his leadership in redefining the future of technology especially in AI, hybrid cloud, and quantum computing. Arvind has ensured that India continues to play a central role in the company's global expansion plan and has been passionate about championing US-India deep tech ties. Under Arvind's leadership, IBM will continue to invest $150 billion in America over the next five years to fuel the economy and accelerate its role as the global leader in computing. "I'm honored to receive this award and grateful for the support of USISPF and its allies in strengthening the U.S.-India-Japan relations,' . 'IBM has built partnerships and made sustained technology investments in each country, and I believe these collaborations provide the right foundation for powerful innovation and growth." , was honored for leading Hitachi's transformation into a leader in Energy, Mobility, Industrial Automation, and Digital Technology, driving growth through sustainable development and benefits for society. Reflecting upon Hitachi's long-standing legacy in India, and accepting the award, he remarked, 'Having first established a presence in India in 1933, Hitachi has enjoyed a rich and enduring relationship with the country. India offers Hitachi a tremendous wealth of deep technical talent, and Hitachi brings a broad spectrum of solutions to India, from Mobility to Energy Infrastructure, to Software and Services. As we continue to serve our clients globally, our collaboration with USISPF, along with strong partnerships across the public and private sectors in both the United States and India, will be pivotal in fulfilling our commitment to delivering innovations that benefit society and the planet."Second Lady of the United States, Ms. Usha Vance in conversation at the USISPF Leadership USISPF The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the U.S.-India partnership in Washington, D.C., and in New Delhi, USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and the governments of India and the United States. Press inquiries USISPF Ankit Jain ajain@ 2244607900 2550 M St NWWashington, DC 20037, USA A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
3 days ago
- Business
- The Hindu
Kumar Mangalam Birla receives Global Leadership Award
The U.S.-India Strategic Partnership Forum (USISPF) has awarded Kumar Mangalam Birla, Chairman, Aditya Birla Group, with the Global Leadership Award at its eighth annual Leadership Summit in Washington, D.C. He was honoured along with Arvind Krishna, Chairman, CEO and President, IBM and Toshiaki Higashihara, Executive Chairman, Hitachi. Mr. Birla received the honour for his leadership as Chairman of Aditya Birla Group, which is the largest Indian investor in the United States. The company has invested over $15 billion in the U.S. to date, with operations across 15 States and creating over 5,400 jobs, the Aditya Birla Group said. 'This recognition is a testament to Aditya Birla Group's deep commitment to the U.S., and belief in the potential to further deepen the U.S.-India partnership. We are proud to have started our journey in the U.S. over 18 years ago, and to place big bets here,' Mr. Birla said in a statement. 'We continue to choose America because we believe in the strength, stability and promise of this nation, and our commitment goes beyond capital – we are investing in people, in communities, and in long-term impact to create mutual prosperity,' he added.
Yahoo
3 days ago
- Business
- Yahoo
Commerce Secretary Lutnick outlines fast pace for U.S.-India trade talks under Trump's tariff approach
U.S. Commerce Secretary Howard Lutnick, speaking at the 2025 U.S.-India Strategic Partnership Forum (USISPF), outlined the future of U.S.-India trade ties, urging deeper economic cooperation in line with President Trump's tariff-driven push. "Earlier countries get a better deal. That's the way it is," Lutnick remarked during his keynote address at the USISPF on Monday in Washington D.C. "Those who come in, you know, July 4th to July 9th, there's just going to be a pile. But those who are earlier—and I think India's trying hard to be one of the earlier countries, which I appreciate." The commerce secretary acknowledged the unusually rapid timeline the administration is pursuing in contrast to traditional multi-year negotiations. "These kinds of deals used to take 2 or 3 years, and we're trying to get them done in a month, which is, you know, just not the ordinary DNA of trading relationships between countries," he said. India Has Been Open To Mkaing Big Trade Progress, Kevin Hassett Says Lutnick argued that the administration is not advocating for sweeping concessions from India, but "reasonable access to the markets of India." Read On The Fox Business App "We would like our businesses to have reasonable access to the markets of India," he said. "Now, it's not going to be everything and it's not going to be everywhere. But we want to have the trade deficit reduced." "Now in exchange for that, what India is going to want is they're going to get certain key markets that they are going to want to make sure that they have special access to the American marketplace," he said. "And so that's the tradeoff." He said that ongoing talks between India and the U.S. are in a "very good place." "We've managed, I think, to be in a very, very good place, and you should expect a deal between the United States and India in the not-too-distant future, because I think we found a place that really works for both countries," he said. In a Monday evening TruthSocial post, Trump doubled down on his core trade doctrine: "If other Countries are allowed to use Tariffs against us, and we're not allowed to counter them, quickly and nimbly, with Tariffs against them, our Country doesn't have, even a small chance, of Economic survival." President Trump, India's Modi To Tackle Trade, Tariff Tensions At High-stakes Meeting In April, Trump imposed a 27% reciprocal tariff on most Indian exports to pressure India into lowering its tariffs. While strategic sectors like pharmaceuticals were exempt, industries such as textiles and machinery were affected. Click Here To Read More On Fox Business India has since avoided retaliation, opting instead to negotiate with the administration to ease the article source: Commerce Secretary Lutnick outlines fast pace for U.S.-India trade talks under Trump's tariff approach Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
3 days ago
- Business
- The Hindu
Expect India-U.S. trade deal in not too distant future: U.S. Commerce Secretary
U.S. Commerce Secretary Howard Lutnick said a trade deal between India and the U.S. could happen in the "not too distant future" because "we found a place that really works for both countries." "When they put the right person in India, put the right person on the other side of the table, and we've managed (that), I think," Mr. Lutnick said in his keynote address at the eighth edition of the U.S.-India Strategic Partnership Forum (USISPF) in Washington on Sunday (June 1, 2025) "You should expect a deal between the United States and India in the not too distant future because I think we found a place that really works for both countries," he added. USISPF also presented the 2025 Global Leadership Awards to IBM Chairman Arvind Krishna, Aditya Birla Group Chairman Kumar Mangalam Birla and Hitachi Executive Chairman Toshiaki Higashihara "for their outstanding contributions in strengthening the US-India-Japan economic partnership." This is the first time that business leaders from the QUAD grouping of Australia, India, Japan and the U.S. will be honoured at the USISPF summit.
