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September 22, 2017

USISPF Leads Delegation Of American Investors to Meet Hon’ble Chief Minister Chandrababu Naidu

USISPF Leads Delegation Of American Investors Meet Hon’ble Chief Minister Chandrababu Naidu

The US - India Strategic Partnership Forum (USISPF) today led a delegation of American investors to call upon the Hon’ble Chief Minister N Chandrababu Naidu.

This delegation was coordinated by the Andhra Pradesh Economic Development Board, a single point of contact for investments, trade and partnerships into the state of Andhra Pradesh.

The USISPF was launched in New Delhi on 2nd August 2017 where the forum’s mission and agenda was shared with the Hon’ble Prime Minister Narendra Modi on 1st August 2017.

USISPF will work closely with business and government leaders to achieve its goals of driving economic growth, job creation, innovation, inclusion and entrepreneurship.

USISPF’s board of directors include Chairman John Chambers (Executive Chairman, Cisco), Vice - Chairs Punit Renjen (Global CEO, Deloitte) and Edward Monser (President, Emerson Electric) and board members Indra Nooyi (Chairman & CEO, PepsiCo) and Ajay Banga (President and CEO, MasterCard) Susan Esserman (Partner, Steptoe & Johnson), former Secretary of Defense William Cohen (Chairman & CEO, The Cohen Group), Purna Saggurti (Chairman of Global Corporate & Investment Banking, Bank of America Merrill Lynch), and Ambassador Frank Wisner (International Affairs Advisor, Squire Patton Boggs).

The Hon’ble Chief Minister N Chandrababu Naidu was honoured last May by John Chambers where they met to discuss cooperation with Andhra Pradesh in the areas of trade, investments and collaboration between Andhra Pradesh and the United States of America.

The priority for John Chambers and Chandrababu Naidu was reflected in a Memorandum of Understanding (MoU) in March 2016 which focused on boosting local innovation, enhancing research, fostering entrepreneurship, and accelerating economic competitiveness and citizen engagement in the state.

Investments from the United States of America are a huge priority for Hon’ble Chief Minister Chandrababu Naidu as the state focuses on sectors such as digital economy, renewable energy, food, retail, agriculture, manufacturing and healthcare.

Dr. Mukesh Aghi, President, USISPF thanked the Hon’ble Chief Minister for meeting and was happy to know that investments from multinational companies were key to growth and development of the state to further the Chief Minister’s vision and objectives.

Dr. Mukesh Aghi led a delegation of companies such as PepsiCo, Pfizer, Medtronic, Amway, Shire Pharmaceuticals, Thomson Reuters and PLR Chambers and these multinational companies have assured the Chief Minister of their commitment to invest in the state of Andhra Pradesh.

John Chambers would be bringing a delegation from the United States too hold an event similar to Make in India and they are keen to partner Andhra Pradesh in this regard.

Amway expressed their intent to encourage organic farming and lead efforts in technology transfer and upskilling in Andhra Pradesh. They would also like to focus on horticulture as it generates more income to the farmer than agriculture and Andhra Pradesh has natural advantages for horticulture.

Pfizer would wish to implement a Pneumonia vaccination program in Andhra Pradesh with partnership from UNICEF. The Chief Minister indicated that a SPV be formed to implement the Pneumonia vaccination program.

Shire pharmaceuticals would like to set up diagnostic units in all district hospitals and aims to upskill health workers and doctors by facilitating knowledge transfer from international experts.

These diagnostic units will focus only on hemophilia and rare diseases, an area neglected in diagnosis and healthcare delivery.

Veneklasen proposed to work in Amaravati to ensure that the city is designated efficiently to handle the noise levels. Sound engineering will be, for the first time incorporated in city planning in India.

Mr.J Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board said that ‘Andhra Pradesh is committed to lead India by example and this delegation from USISPF seeks to boost imports, encourage investment and support the ecosystem in Andhra Pradesh.’

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