India Ideas Summit 2020 | UPSC
HEADLINES:
PM to deliver keynote address at India Ideas Summit on 22 July
WHY IN NEWS:
The Summit is being hosted by the US-India Business Council.
SYLLABUS COVERED: GS 2:3: Summit : Conclave
LEARNING:
For PRELIMS there are two concepts here
1.India Ideas Summit
2.USIBC(U.S.-India Business Council )
We have explained both of them . Let us dive in !
ISSUE:
INDIA IDEAS SUMMIT 2020
AIM
- The Summit will witness discussions on areas including India-US cooperation and future of the relation between the two counties in a post pandemic world.
MISSION
- The Council’s mission is to promote trade relations between India and the United States.
- Council supports pro-growth policies and increased bilateral engagement, focusing in two-way trade.
VISION
- To create an inclusive bilateral trade environment between India and the United States by serving as the voice of industry, linking governments to businesses, and supporting long-term commercial partnerships.
- This will nurture the spirit of entrepreneurship, create jobs, and successfully contribute to the global economy.
THEME
SIGNIFICANCE
The virtual Summit will feature high-level presence from Indian and US government policymakers, state-level officials, and thought leaders from business and society.
EVENT
- Other key speakers at the Summit include Minister of External Affairs Dr. S Jaishankar, U.S. Secretary of State Mr. Mike Pompeo
- The India Ideas Summit will be held virtually by the U.S. Chamber of Commerce on July 22, 2020.
ORGANIZERS
USIBC(U.S.-India Business Council )
U.S.-INDIA BUSINESS COUNCIL
MISSION
- The Council’s mission is to promote trade relations between India and the United States.
- Council supports pro-growth policies and increased bilateral engagement, focusing in two-way trade.
MEMBERS
- USIBC works with members to identify and advance key policy priorities.
- Focus is on leveraging U.S.-India Business council executive committee meetings, sector-focused discussions with public and private stakeholders.
POLICY ANALYSIS
- USIBC policy experts provide members with sector-specific analysis of breaking events and broader trends in the U.S.-India commercial relationship.
HIGH-LEVEL ACCESS
- USIBC facilitates meetings between members and key policymakers in the U.S. and Indian governments.
- As well as offering introductions and networking opportunities within our membership.
ACTIVITIES
- USIBC organizes roundtables and business summits featuring heads of states from India and the United States, members of the U.S. Congress, members of the Indian Parliament, and notable influencers in the U.S.-India commercial corridor.
BACKGROUND
- Formed in 1975 , the U.S.-India Business Council (USIBC) represents top global companies operating across the United States and India.
- USIBC serves as the premier voice of industry, creating connections between businesses and governments in both countries.
- USIBC is also part of U.S. Chamber of Commerce
WORK AND POLICY PRIORITIES
The Council’s policy and advocacy work is advanced through 12 industry-focused committees –
- Aerospace and Defense; Banking
- Private Equity & Digital Payments
- Digital Economy
- Energy and Environment
- Food
- Agriculture & Retail
- Infrastructure
- Legal and Professional Services
- Life Sciences; Manufacturing
- Media & Entertainment
- Supply Chain Logistics and
- Tax, Insurance & Real Estate.
IASbhai WINDUP:
The summit supports strong and inclusive growth in trade and investment relations between India and the United States.
SOURCES: PIB | India Ideas Summit 2020 | UPSC
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