WASHINGTON, D.C. – The U.S. Chamber of Commerce’s U.S.-India Business Council hosted the 2023 India Ideas Summit, the premier convention of government and industry across the U.S.-India corridor. The Summit explored ways to deepen the U.S.-India economic and trade relationship, with speakers and participants including U.S. Secretary of State Antony Blinken, U.S. Secretary of Commerce Gina Raimondo, U.S. Chamber President and CEO Suzanne P. Clark, and Ambassador Taranjit Singh Sandhu, Ambassador of the India to the United States.
Clark said, “At the U.S. Chamber, we understand that free enterprise, free markets, and free trade have a proven track record for good in the world, and that global engagement is how we protect our national security, promote our values, and unlock economic growth.
“When it comes to the U.S. and India, that means remaining united in our commitment to de-risk and diversify global supply chains and preserve a global economy underpinned by free enterprise, competitive markets, and rules-based trade and investment. Our trade relationship will help us deliver on these commitments.”
Themed around, “Trust, Resilience, and Growth,” the 2023 India Ideas Summit expands upon U.S. Chamber efforts to advance the critical U.S.-India relationship, following the Chamber’s supporting role in the January launch of the U.S.-India initiative on Critical and Emerging Technology (iCET), and the Chamber’s participation in deliberations around the Indo-Pacific Economic Framework for Prosperity. The Summit comes one week before the Chamber hosts the inaugural INDUS-X conference to promote a stronger U.S.-India defense start-up ecosystem, and on the periphery of Prime Minister Modi's visit to the United States.
“Ahead of Prime Minister Modi’s visit to Washington, the U.S. Chamber encourages both governments to reaffirm their pledge to meet the goal of reaching $500 billion in bilateral trade. By reaching that bilateral trade target, together we can demonstrate to the world that the future of the global economy will be one anchored by democracy, free enterprise, open markets, and the rule of law,” said Clark.
Characterizing the U.S.-India partnership as “one of the most extraordinary relationships in the world,” Secretary of State Antony Blinken said in his remarks, “We see this defining relationship as a unique connection between the world’s oldest and largest democracies, with a special obligation now to demonstrate that our governments can deliver for and empower all of our citizens.”