Latest news with #U.S.-IndiaStrategicPartnershipForumAnnualLeadershipSummit
India Gazette
3 days ago
- Business
- India Gazette
"We look to invest further in the US going forward": Kumar Mangalam Birla
New Delhi [India], June 3 (ANI): Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, on Tuesday expressed optimism regarding more investments in the United States. Speaking with ANI, on the sidelines of the US-India strategic partnership forum, Birla said, 'We have a cumulative investment of about 15 billion dollars here in the US. We are by far the largest investor from India in the US. Ours has been a very good experience. We've been here for about 16 years, and we look to invest further going forward'.Birla also highlighted Novelis' (the wholly owned US unit of Aditya Birla Group company Hindalco Industries) investment in a greenfield low-carbon aluminium recycling and rolling plant in Bay Minette, Alabama, USA. The aim of this project is to support the strong demand for aluminium beverage packaging and automotive talking to ANI, he also mentioned, 'We have an ongoing greenfield project in Alabama, which is an investment of 4 billion dollars. That is the largest greenfield project we have ever invested anywhere in the world.' Following US Secretary of Commerce Howard Lutnick's speech, Birla said that Lutnick was 'very positive' about the India-US equation and the future of the two Secretary of Commerce, Howard Lutnick, expressed optimism about a potential trade deal between the United States and India, highlighting the strong relationship between the two countries. In a video clip posted on X from the event, Lutnick said, 'I spoke at the U.S.-India Strategic Partnership Forum Annual Leadership Summit tonight. We have a great relationship between our countries. I'm optimistic for a trade deal soon that will benefit both nations.'A few days back, the United States announced the expansion of its security partnerships with India through robust military exercises while emphasising the amplification of its cooperation within the QUAD and other multilateral frameworks. (ANI)
India Gazette
3 days ago
- Business
- India Gazette
US Secretary Howard Lutnick was very positive about India-US equation: Kumar Mangalam Birla
Washington, DC [US], June 3 (ANI): Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, has expressed optimism about the future of India-US trade relations. Following US Secretary of Commerce Howard Lutnick's speech, Birla said that Lutnick was 'very positive' about the India-US equation and the future of the two nations. While speaking to ANI, Birla said, 'I think he (US Secretary of Commerce Howard Lutnick) was very positive about the India-US equation, the future of the two countries together.' Birla stated that Lutnick spoke about the strong friendship between Prime Minister Narendra Modi and President Donald Trump, 'He talked about how Prime Minister Modi and President Trump are great friends and that really helps in doing things together between the two nations.' According to Birla, Lutnick expressed confidence that a trade deal between the two countries would be announced soon. 'He also said that the trade deal should be announced soon. I thought that he sounded really positive about the Indo-US future together.' US Secretary of Commerce, Howard Lutnick, expressed optimism about a potential trade deal between the United States and India, highlighting the strong relationship between the two countries. In a video clip posted on X from the event, Lutnick said, 'I spoke at the U.S.-India Strategic Partnership Forum Annual Leadership Summit tonight. We have a great relationship between our countries. I'm optimistic for a trade deal soon that will benefit both nations. ' Earlier, on Monday (local time), in a conversation at the US-India Strategic Partnership Forum in Washington, DC, US Second Lady Usha Vance recalled her visit to India and her children's experience there and called the meeting with Prime Minister Narendra Modi 'very special.' She said that her children put PM Modi in the grandfather category, and they loved him and hugged him when they visited his residence during their visit to India. Vance called the visit to India a 'trip of lifetime for them' and added that it was her children's first visit to India. She also spoke about visiting places in North India, including Taj Mahal and enjoying Indian food. An official release published days earlier stated that US Secretary of Commerce Howard Lutnick and Second Lady Usha Vance will attend the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit. According to the release, Secretary Lutnick will share his insights on strengthening the U.S.-India strategic and economic partnership to achieve the goal set by President Trump and Prime Minister Modi for USD 500 billion in bilateral trade. The Summit will also feature the Second Lady of the United States, Usha Vance, in a fireside chat. As the first Indian American in the role of Second Lady, Ms. Vance's presence symbolises the deepening partnership between the world's oldest and largest democracies and highlights the robust strength of the people-to-people will also present the 2025 Global Leadership Awards to three distinguished business leaders - Mr. Arvind Krishna, Chairman, President, and CEO of IBM, Kumar Mangalam Birla, Chairman of Aditya Birla Group, and Toshiaki Higashihara, Executive Chairman of Hitachi, Ltd.- for their outstanding contributions to strengthening the US-India-Japan economic partnership, the release added. The USISPF Leadership Summit is the most prestigious gathering in Washington, DC focused on accentuating US-India ties and convening senior government leaders and officials, diplomats, Members of the U.S. Congress and Senate, USISPF Board members, leading business executives, media, think tanks, and global thought leaders, all working to advance cooperation and celebrate this important partnership, the release added. (ANI)
