Taxation, Tariff & Regulatory Affairs Committee Meeting
30th March 2020
AMCHAM’s Taxation, Tariff & Regulatory Affairs Committee met over a con-call on March 30th to discuss steps to be taken towards discussions with members and possible representation from AMCHAM on the new Equalisation Levy proposed in Finance Act 2020. The discussion was led by Mr. Naveen Agarwal, Designate Chairman – Taxation, Tariff & Regulatory Affairs Committee, AMCHAM and Partner International Tax and Partner in Charge U.S. Corridor, KPMG in India and Ms. Neeru Ahuja, Designate Co-Chairperson – Taxation, Tariff & Regulatory Affairs Committee, AMCHAM and Partner – Global Business Tax, Deloitte Haskins & Sells. The committee decided to make a representation to the Hon’ble Finance Minister bringing out concerns of AMCHAM members on the issue of Equalisation Levy. The committee also decided to host a webinar for members on this issue as well as other Finance Act 2020 points. Representation to the Finance Minister has since been made and can be viewed HERE. A webinar on the concerns in issue has been planned for April 6th.
27th March 2020
AMCHAM’s Hyderabad Chapter supported a webinar by TiE (The Indus Entreprenuers) Hyderabad on ‘TiE Talks: Complete Lockdown – All You Need to Know’ on March 27th. The webinar featured the following speakers: Mr. Jayesh Ranjan IAS, (IT & Industries), Mr. VC Sajjanar IPS, (Cyberabad Commissioner of Police) and Dr. G Srinivasa Rao (Public Health Dept.) in conversation with Mr. Viiveck Verma, Board Member of TiE Hyderabad. was held on March 27th from 3:00 p.m. onwards. The webinar started off with Mr. Viiveck Verma introducing the panelists. Dr. G Srinivasa Rao, Director, Public Health Dept, Govt of Telangana, said that of the 47 cases 35 were cured. There were about 1,600 foreign returnees and the lockdown has been initiated to break the chain of transmission. He said that things were under control now and being closely monitored…
27th March 2020
In the wake of COVID-19 and its massive impact on businesses, in particular HR aspects, AMCHAM’s HR Committee, in collaboration with Sannam S4, organized an interactive webinar on ‘COVID-19 in India – Updates and Strategies: An HR Perspective’ on March 27th. The panelists included Ms. Susmita Sen, Head of HR Advisory, Sannam S4, Mr. Abhinav Sood, Head of Client Relations & International Projects-Financial Consulting, Sannam S4 and Ms. Ranjana Khanna, Director General CEO, AMCHAM…
26th March 2020
On March 26th, AMCHAM’s Honorary National Executive Board Members, Ms. Aileen Nandi, Minister Counselor Commercial Affairs, U.S. Embassy and Mr. Robert Garverick, Minister Counselor EEST, U.S. Embassy, briefed members amidst concerns arising out of the outbreak of COVID-19 and the ensuing governmental lockdown over a conference call. More than 40 members participated in call. Ms. Ranjana Khanna, Director General CEO, AMCHAM, introduced both speakers. Post their opening remarks, the participants raised issues and sought clarifications and interventions to their present challenges related to COVID-19 ranging from exemptions from lockdowns and temporary closures based on essential business services…
Discussion on Business Challenges and Best Practices of Western Region Companies in the Times of COVID-19
26th March 2020
On March 26th, AMCHAM organized a discussion on business challenges and best practices of Western Region member Companies in the times of COVID-19 via concall. The session was well attended by regional members. The call began with opening remarks by Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM. This was followed by a welcome address and setting the scene by Mr. Sudhir Shenoy, Chairman – Western Region, AMCHAM and CEO, Dow Chemical International. Mr. Shenoy stated that during this time of adversity U.S. companies should collaborate together as a fraternity to support each other, learn from each other’s experiences, best practices and also find ways to support and give back to society…
20th March 2020
AMCHAM’s CSR Committee held a committee meeting on March 20th through Webex. Mr. Harish Krishnan, Chairman – CSR Committee, AMCHAM and Managing Director, Public Affairs & Strategic Engagements, Cisco India & SAARC, Cisco Systems (India), welcomed participants and encouraged members during these abnormal times. He mentioned the Prime Minister’s crowd sourcing for fixes regarding COVID-19 and asked companies to send in their suggestions. Ms. Kshitija Krishnaswamy, Co-Chairperson – CSR Committee, AMCHAM and Director, Corporate Citizenship, Accenture India, emphasized that companies need to stay in communication with one another as CSR programs will get greatly affected during this time. Ms. Sangita Ghalay, Co-Chairperson – CSR Committee, AMCHAM and Head – CSR, Honeywell India, asked members to send their inputs on the new CSR policy amendment rules so that AMCHAM can make a collective representation to the government…
20th March 2020
On 20th March, AMCHAM’s Supply Chain & Logistics Committee organized a session on ‘SC&L Best Practices Relating to COVID-19 Response’ via concall. The call began with brief opening remarks by Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM. Mr. Kumar Kandaswami, Chairman – Supply Chain & Logistics Committee, AMCHAM and Partner, Deloitte Touche Tohmatsu India LLP, set the tone for the discussion through his welcome address…
Overview and Highlights from the Meeting of the Maharashtra Health Secretary with Corporates and Healthcare Sector by Mr. Sarthak Ranade, Vice Chairman – Western Region, AMCHAM and Managing Director – Janssen India, Johnson & Johnson
18th March 2020
On March 18th, a concall was held with Mr. Sarthak Ranade, Vice Chairman – Western Region, AMCHAM and Managing Director – Janssen India, Johnson & Johnson to share an overview and of the meeting of the Maharashtra Health Secretary with corporates and healthcare sector that took place on March 17th. The session was attended by members of AMCHAM’s Western Region Committee and their teams…
11th March 2020
In Kolkata on March 11th, AMCHAM’s Eastern Region, in partnership with the Hyatt Regency, organized a panel discussion on #EachforEqual – An Equal World for an Enabled World, which included diversity and inclusiveness. The event was graced by eminent personalities from all walks of life who shared their experience in their journey to success…
Interaction with Jon M. Huntsman School of Business Students
5th March 2020
AMCHAM’s Karnataka Chapter organized an interaction with the visiting business honors students from the Jon M. Huntsman School of Business, Utah on March 5th. Mr. Sanjay Mujoo, Vice President, Pointnext Services Global Delivery Center – Hewlett Packard Enterprise, interacted with students and gave them a brief on how the tech sector in India has evolved especially in Karnataka, where Hewlett Packard is now in their contribution to technology development and where they are headed. The conversation touched upon some of the challenges faced by the society and how industry is able to generate demand for tech sector innovation and offerings. The event was very well received by the students, most of whom were in India for the first time.
4th March 2020
AMCHAM’s CSR Committee, organized a half day program on March 3rd in Bengaluru AMCHAM’s signature event for the Karnataka Chapter ‘Empowering India’s Human Capital for the Future’ was held on March 4th in Bengaluru. Mr. Sanjay Koul, Vice Chairman, AMCHAM and Chairman – Karnataka Chapter, AMCHAM, welcomed participants and set the scene for the evening. He talked about the disruptions in the supply chain, the importance of skilling, digitalization and AI in manufacturing. In his special address, Consul General Robert Burgess, U.S. Consulate General Chennai, broadly summarized the recent visit of President Trump to India and said it was a testimony to the U.S.-India relationship through the people to people ties. The joint statement defines areas of future collaboration, especially in defense and homeland security…
National Executive Board Meeting
4th March 2020
The fourth meeting of AMCHAM’s National Executive Board for 2019-2020 was held on March 4th, 2020 in Bengaluru. Consul General Robert Burgess, U.S. Consulate General Chennai, addressed board members on the U.S-India partnership and recent visit of President Trump. Mr. Sanjay Koul, Vice Chairman, AMCHAM and Chairman & Managing Director, Timken India Limited, chaired the meeting. The agenda was taken up for discussion with participation from all members present.
3rd March 2020
AMCHAM’s CSR Committee, organized a half day program on March 3rd in Bengaluru entitled ‘Driving Impact in CSR Through Innovation & Talent.’ Ms. Ranjana Khanna, Director General CEO, AMCHAM welcomed participants, gave an overview of the CSR Committee and encouraged companies to connect with USAID for the Corporate TB Pledge. Mr. Ajay Gopal, Community Impact Manager, Cisco Systems India, set the scene for the day, discussing the ways to leverage people and technology to solve social challenges and how to ensure programs can scale with government partnerships. Mr. Sanjay Koul, Vice Chairman, AMCHAM and Chairman – Karnataka Chapter, AMCHAM and Chairman & Managing Director, Timken India, discussed CSR trends in Karnataka in his opening remarks…
Interactive Breakfast Session on U.S. Department of State Overseas Security Advisory Council (OSAC) and the Future of AI
26th February 2020
On February 28th, AMCHAM’s Eastern Region hosted two sessions in Kolkata. In session 1 on the U.S. Department of State Overseas Security Advisory Council (OSAC), U.S. Consul General Patti Hoffman, U.S. Consulate Kolkata was the chief guest. CG Hoffman, in her opening remarks spoke about the value of OSAC to American business overseas highlighting its global reach for security professionals worldwide. She encouraged American businesses in Kolkata to become members of OSAC so that they could get the benefits of membership and receive the security updates issued by the U.S. government…
Defense Committee Meeting with Mr. Raj Kumar, Secretary, Defence Production, Ministry of Defence
26th February 2020
AMCHAM’s Defense Committee leadership and senior defense committee members called upon Secretary Defence Production, Mr. Raj Kumar, at his office on February 26th. The Secretary shared his vision with the team on issues ranging from offsets (credits and multipliers), procurement and banking. The team offered to submit detailed notes on our recommendations for the department’s consideration.
Interaction with Mr. Philip Lovas, Deputy Assistant Secretary for Travel and Tourism, U.S. Department of Commerce
26th February 2020
AMCHAM’s U.S.-India Travel & Tourism Working Group hosted an interaction with Mr. Philip Lovas, Deputy Assistant Secretary for Travel and Tourism, U.S. Department of Commerce, during his visit to Bengaluru on February 26th. The objective of the interaction was to have Mr. Lovas understand the Indian travel market for outbound travel to the U.S., consumer behaviour, issues and challenges faced by travel buyers and travellers from India to the U.S. Mr. Lovas also provided insights on the U.S. side of the travel and tourism partnership between the U.S. and India. The meeting was attended by companies like Hyatt, American Airlines, Fragomen, Marriott and others.
Session on ‘Introduction of E-Invoicing’ in partnership with KPMG
26th February 2020
The Government has issued relevant notifications for the introduction of e-invoicing, which makes e-invoicing mandatory from April 1st, 2020 in respect of B2B transactions for any assessee whose turnover exceeds INR 100 crore and for B2C transactions for any assessee whose turnover exceeds INR 500 crore. This has a far-reaching impact for all businesses in excess of the turnover of INR 100 crore, irrespective of the sector in which the business operates. This session comprised of KPMG senior indirect tax specialists who shared their insights on the implications of e-invoicing requirements and what U.S. businesses need to do to comply with these requirements followed by a live demo of how IRN/QR code shall be generated. AMCHAM partnered with KPMG to organize a session for member companies at the KPMG office on February 26th in Bengaluru. The session was attended by companies like MOOG, Accenture, Swagelok, Grant Thornton, GE and others.
25th February 2020
AMCHAM and IDSA (Manohar Parrikar Institute for Defence Studies and Analyses) AMCHAM and IDSA (Manohar Parrikar Institute for Defence Studies and Analyses) conducted a brainstorming interaction on the U.S.-India defense partnership with defense experts and U.S. industry members on February 25th in New Delhi…
25th February 2020
To welcome U.S. President Donald Trump’s visit to India, AMCHAM in association with Indian Council for Research on International Economic Relations (ICRIER) organized a brainstorming session on the U.S.-India economic partnership on February 25th in New Delhi. The panel included Mr. Sanjay Chadha, Additional Secretary, Ministry of Commerce & Industry, Government of India, Mr. Atul Dhawan, Honorary Secretary & Treasurer, AMCHAM and Partner, Deloitte, Prof. Anwarul Hoda, Chair Professor of ICRIER’s Trade Policy and WTO Research Program, Dr. Arpita Mukherjee, Professor, ICRIER and Ms. Ranjana Khanna, Director General CEO, AMCHAM. Dr. Rajat Kathuria, Director and Chief Executive, ICRIER was the moderator for the discussion…
25th February 2020
AMCHAM’s Karnataka Chapter partnered with member organization ChildFund India for a child led protection initiative under Khilta Bachpan campaign on Tuesday February 25th in Bengaluru. The child-led child protection initiative envisages empowering and educating children to keep themselves safe and defend their rights. CSR leads from member companies attended this event such as First American, Aryaka Networks and others…
Defense Committee Meeting
21st February 2020
AMCHAM’s Defense Committee met on February 21st in New Delhi. The meeting was chaired by Mr. Nik Khanna, Co-Chairman – Defense Committee, AMCHAM and Managing Director, India, BAE Systems and Mr. Gaurav Mehndiratta, Co-Chairman – Defense Committee, AMCHAM and Partner and Head – North India, Corporate & International Tax, KPMG India. From the U.S. Embassy, CAPT Daniel Fillion, Honorary USG Chair – Defense Committee, AMCHAM and Chief, Office of Defense Cooperation, U.S. Embassy, chaired the meeting. The deliberations began with a brief on the success of AMCHAM events at DefExpo 2020. Upcoming AMCHAM engagements and agendas with the Government of India, USG and other near term collaborations were also discussed.
Medical Technology Working Group Meeting
20th February 2020
AMCHAM’s Medical Technology Working group meeting was held on February 20th at New Delhi under the chairmanship of Ms. Aileen Nandi, Honorary USG Chairperson – Healthcare Committee, AMHCAM and Minister Counselor for Commercial Affairs, U.S. Embassy and Ms. Meenakshi Nevatia, Chairperson – Healthcare Services Committee, AMCHAM and Managing Director, Stryker India. The meeting encompassed discussions on pricing, standards, Make in India and data protection, along with an update on the advocacy and regulatory landscape for medical devices. Members pointed out the current situation of the medtech industry along with a few issues based on pricing frame work, standards, Make in India and regulatory challenges. Members enquired about opportunities to provide comments on Section 301 and whether the U.S. government plans to engage to seek comments from members. Based on the issues discussed during the meeting, members decided to meet Indian government officials in the coming month along with a position paper. The meeting concluded with closing remarks thanking the members for their valuable inputs.
20th February 2020
On February 20th, AMCHAM and Observer Research Foundation (ORF) released the first study on U.S. industry before President Trump’s visit to India. The study ‘India at $5 Trillion: Strengthening Opportunities, Removing Hurdles’ was based on interactions with AMCHAM members and has examined the investment potential and market opportunities that India’s growth offers, opportunities for U.S. companies as a business partner in India’s growth and hurdles U.S. companies face while doing business in India…
Anti-Corruption & FCPA Compliance Core Committee Meeting
20th February 2020
On February 20th, the Anti-Corruption & FCPA Compliance Core Committee organized a meeting at the BAE Systems India (Services) Private Limited office in New Delhi. Ms. Komple Sharma, Manager, AMCHAM, welcomed participants. Opening remarks were given by Mr. Gaurav Ajmani, Chairman – Anti-Corruption & FCPA Compliance Committee, AMCHAM and Associate General Counsel: Business Conduct & Ethics, Amazon Seller Services (P) Ltd. The committee deliberated upon the two most common pain areas for any compliance manager – vendor compliance management and third party risks. They shared their respective industry risks and the need for continuous monitoring of third parties. Members brainstormed on various possible topics for future discussions under the ambit of the committee. The closing remarks and vote of thanks were given by Mr. Gaurav Ajmani.
Meeting with Congressman Ami Bera and Congressman George Holding
18th February 2020
On February 18th in New Delhi, Congressman Ami Bera, Chair of the House Foreign Affairs Subcommittee on Asia, the Pacific and Non-Proliferation and Democratic Co-Chair of the India Caucus in the U.S. Congress and Congressman George Holding, the Republican Co-Chair of the India Caucus, met with AMCHAM members in the defense and healthcare sectors during an AMCHAM-USIBC joint closed door roundtable. Members shared with the Congressmen their growing concerns in the sectors and sought support in getting the concerns heard through the right channels. Both lawmakers promised bipartisan support to growing ties between India and the U.S. in diverse areas including trade and commerce, defense and strategic affairs. They also shared positivity in the hopes of India and the U.S. sealing the much anticipated trade deal soon.
Diversity & Inclusion Committee’s Interactive Session on ‘Enabling Differently Abled Inclusion at Workplace
18th February 2020
On February 18th, AMCHAM organized an interactive session on ‘Enabling Differently Abled Inclusion at Workplace.’ The event was an initiative of the Differently Abled Chapter of AMCHAM’s Diversity and Inclusion Committee. The session commenced with Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM welcoming the panel speakers and participants. Mr. Ajay Maddali, Chapter Co-Leader, Differently Abled Chapter, D&I Committee, AMCHAM and Head of HR, Member of Diversity and Inclusion Council of Franklin Templeton, Franklin Templeton Asset Management (India) Pvt. Ltd. set the stage through his address…
14th February 2020
AMCHAM, in partnership with Invest India, held ‘Make in India – Manufacturing for the World’ on February 14th in New Delhi. It was the signature event of AMCHAM’s Manufacturing Committee. Chief guest, Mr. Hardeep Singh Puri, Minister of State (Independent Charge) of Civil Aviation, Housing and Urban Affairs, Minister of State for Commerce & Industry, Government of India, gave the keynote address, in which he gave an overview of the widening and deepening cooperation between the U.S. and India across a vast number of areas such as counter-terrorism, homeland security, cybersecurity, science and technology, health, agriculture, etc. Minister Puri talked about growing urbanisation and construction activity citing that 100 smart cities were under development which included 5,151 projects, thus demonstrating the fast pace of development in smart cities. He mentioned that integration into the global value chains would require strategic decisions to be made and the scaling up of manufacturing to meet global demand. Overall, he expressed optimism on the growth of U.S – India economic relationship and a willingness to resolve issues impacting bilateral business…
12th February 2020
The Annual Day of the Hyderabad Chapter was held on February 12th at the Westin Mindspace, Hyderabad. The guest of honor was Consul General Joel Reifman, U.S. Consulate Hyderabad. The program began with lighting of the lamp by all the past Chairpersons of AMCHAM’s Hyderabad Chapter and the Consul General. Annual Day celebrated the companies that participated in Hyderabad Chapter Sports from September – December 2019. In between the prize distribution, employees of member companies performed for the gathering. A total of 17 companies received prizes for emerging as winners and runners in the 12 events at Hyderabad Chapter Sports 2019…
Supply Chain and Logistics Committee Meeting
11th February 2020
A meeting of AMCHAM’s Supply Chain and Logistics Committee 2019-2020 was held on February 11th in Mumbai. As part of the agenda, members appointed the committee’s office bearers 2020-2021 through consultation and consensus. Members also actively discussed the roadmap for the committee with a focus on activities and current subjects of interest to create engaging platforms of interaction during the next few months.
Supply Chain and Logistics Committee’s Knowledge Sharing Session on ‘Overview and Insights – GST – Recent Amendments’
11th February 2020
On February 11th, AMCHAM’s Supply Chain & Logistics Committee organized a knowledge sharing session on ‘Overview and Insights – GST – Recent Amendments.’ The session commenced with Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM, welcoming speakers and participants and introducing the expert speakers for the day. Through a brief address Mr. Jaideep Ghosh, Partner, KPMG in India, set the stage by sharing a glimpse of Budget 2020-2021 and its implications on the transport and logistics sector. Through a presentation made by expert speaker Mr. Koshal Agarwal, Chartered Accountant, insights were shared on the recent amendments in GST…
Interaction with Ms. Jatnna Garcia, American Citizen Services, U.S. Consulate Chennai
11th February 2020
On February 11th, AMCHAM’s Karnataka Chapter hosted an interaction for member companies with Ms. Jatnna Garcia, American Citizen Services, U.S. Consulate Chennai, for a focussed session on voter registration, safety registration and services provided by the U.S. Consulate for American citizens visiting and residing in India. The interaction was attended by member companies like IBM, IMA, MOOG, Shanti Bhavan, Ametek, Altair and others.
Western Region Committee Meeting
6th February 2020
A meeting of AMCHAM’s Western Region Committee 2019-2020 was held on February 6th in Mumbai. As part of the agenda, members appointed AMCHAM’s Western Region office bearers 2020-2021 through consultation and consensus. Members also actively discussed the roadmap for 2020 with a focus on building traction and increased participation among the Western Region membership.
Decoding the Union Budget 2020 with PwC
5th February 2020
AMCHAM’s Tamil Nadu Chapter held ‘Decoding the Union Budget 2020’ with experts from PwC on February 5th in Chennai. Mr. Rajan Aiyer, Chairman – Tamil Nadu Chapter, AMCHAM and Managing Director, Trimble, addressed members. This session focussed on examining the highlights of the Union Budget presented in parliament on February 1st. Direct and indirect tax implications and salient features that impact the economy in general and business of U.S. companies were presented and discussed. The session explored trends envisaged based on extreme analysis of the budget and sought how the changes proposed would impact business. The speakers from PwC included Mr. Sriram Seshadri, Partner, Corporate & International Tax and Mr. Sivarajan K, Partner, Indirect Tax . The session was attended by companies like Trimble, Kemin, DELL, Astroved and others.
4th February 2020
The Eastern Region hosted an interactive session on ‘CSR Impact on Communities’ on February 4th. The speakers were Mr. Ambarish Dasgupta, Sr. Partner, Intueri Consulting, Mr. Subhasis Majumdar, Risk & Quality, Ethics, Information Protection and Digital Leader, PwC SDC, Mr. Jayant Kataria, HR Manager, Hyatt Regency Kolkata. Mr. Subrata Bagchi, Chairman – Eastern Region, AMCHAM and President, TCG Digital Solutions, in his welcome address said the CSR business approach contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. It is how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics, and done correctly, should be about core business – how companies make their money – not just add-on extras such as philanthropy….
4th February 2020
On February 4th in Lucknow, a remarkable U.S. government delegation led by Ambassador Kenneth Juster comprising of Mr. Terence Emmert, Principal Deputy Director of Defense Research and Engineering for Advanced Capabilities (PD, DDRE (AC)), Department of Defense, MG Daniel McDaniel, Deputy Commanding General, United States Army Pacific (USARPAC), Australian Army and RDML Eileen Laubacher, Defense Attaché, U.S. Embassy, interacted with the U.S. industry participants. The ongoing dialogue between the U.S. and India in aerospace and defense sectors would likely open up new business opportunities. The sharing of information to further strengthen partnerships in the areas of development and co-production of high-end defense technology and equipment was discusses. U.S. and Indian companies have been collaborating in the co-production of C-130 transport aircraft, F-16 fighter planes, and Apache helicopters at joint facilities in Hyderabad. Companies were happy to share information with the U.S. government principals and sought their support on many points in implementation with the Indian government processes…
Defense Industry Reception with U.S. Government Officials at DefExpo 2020
4th February 2020
U.S. industry participants joined other industry participants at a reception in honor of the exhibitors and participants at DefExpo 2020. The guest of honor was Ambassador Kenneth Juster, U.S. Embassy. The welcome remarks were given by Mr. Salil Gupte, National Executive Board Member, AMCHAM and President, Boeing India followed by special remarks by RDML Eileen Laubacher, Defense Attaché, U.S. Embassy, while Mr. Phil Shaw, Director Business Development, Lockheed Martin International, gave the vote of thanks and opened up the reception to all the participants. The event, held on February 4th in Lucknow, was jointly hosted with USISPF and USIBC with support from partners like BAE Systems, Boeing, Honeywell, L3Harris, Lockheed Martin, Northrop Grumman, Raytheon, Textron and Kallman Worldwide.
Visit to the IIT Madras Research
4th February 2020
On February 4th, AMCHAM’s Tamil Nadu Chapter visited the IIT Madras Research Park, which is India’s first university based research park housing a community of scientists, innovators and engineers working on R&D and commercialization of deep tech innovation. The purpose of the meeting was to discuss and understand areas of collaboration.
Interaction with Dr. Neeraj Mittal, Managing Director & CEO, Tamil Nadu Guidance
4th February 2020
The Tamil Nadu Chapter hosted a breakfast for member companies on February 4th where Dr. Neeraj Mittal, MD & CEO, Tamil Nadu Guidance addressed the audience about the ease of doing business in Tamil Nadu and the launch of Biz Buddy, a business friendly grievance redressal portal for companies. The event was well attended with companies from Borg Warner, Deloitte, PSG Dover, Cognizant, Kemin and others.
Centre for High Technology (CHT) Roundtable on Energy & Petrochemicals
4th February 2020
AMCHAM organized a roundtable with the Centre for High Technology (CHT, MoP&NG) on energy and petrochemicals on February 4th in New Delhi under the leadership of Mr. Sunil Kumar, Joint Secretary Refinery, MoP&NG and Mr. K.K Jain, Executive Director, CHT. The purpose of the meeting was to enhance U.S.-India trade and technology collaboration in the energy sector. The CHT graciously hosted the leadership of AMCHAM’s Energy Committee: Ms. Preetha Nair, Chairperson – Energy Committee, AMCHAM and Head Asia, True North Venture Partners, Mr. Robert Garverick, Honorary USG Chair – Energy Committee, AMCHAM and Minister Counselor for Economic, Environment, Science and Technology Affairs, U.S. Embassy, Ms. Dinah McDougall, Honorary USG Chair – Energy Cooperation Program, AMCHAM and Commercial Officer, U.S. Embassy, senior executives of American energy companies and senior U.S. government officials for a roundtable discussion with senior executives from National Oil Companies (NOCs). After the keynote address on priority areas and expectations by CHT, presentations were made by 11 U.S. companies on CO2 to chemicals/carbon capture and utilization, niche petrochemicals, refinery and petrochemical integration, bio-fuels, water management solutions, automation solutions, EPCM, etc. This was followed by Q&A where executives from NOCs sought clarifications from the presenters. The roundtable was concluded with a vote of thanks from the Joint Secretary and networking over light refreshments.
Karnataka Chapter CEO Breakfast Morning: Decoding the Union Budget 2020
3rd February 2020
AMCHAM’s Karnataka Chapter hosted a session on ‘Decoding the Union Budget 2020’ at Hyatt Centric MG Road, Bengaluru on February 3rd. Set in the background of India’s vision to be a $5 trillion economy, the session focussed on examining the highlights of the Union Budget 2020 presented by the Honourable Finance Minister of India on February 1st. The session covered direct and indirect tax proposals set forth as well as steps adopted by the government that impact the Indian economy in general. The session explored trends, challenges and opportunities that came out of the Union Budget 2020 and how these would impact the business environment. The speakers included Mr. E N Dwaraknath, Partner, PwC India, Mr. Rony Antony, Partner, PwC India and Mr. Keyur, Partner, PwC India.
Interactive Session on Decoding the Union Budget 2020-21 – Impact and Way Forward
3rd February 2020
On February 3rd, AMCHAM organized an interactive session on ‘Decoding the Union Budget 2020-21 – Impact and Way Forward.’ The session commenced with Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM welcoming participants and introducing the expert speakers for the day. Mr. Ravi Mahajan, Partner, EY India followed by setting a backdrop on the implication of the Budget 2020 through his remarks. Through an interactive discussion supported by a presentation, the speakers Mr. Sudhir Kapadia, National Tax Leader, EY India, Mr. Hitesh Sharma, Partner, International Tax and Tax Leader for Life Sciences, EY India and
Mr. Divyesh Lapsiwala, Partner, Indirect Tax Services, EY India shed their expert insight on the impact of the Union Budget 2020-2021 with a focus on direct tax proposals – measures to stimulate growth, rationalisation measures, ease of compliance, transfer pricing and the indirect tax proposals – customs and GST proposals. An engaging and interactive Q&A followed. The event concluded with closing remarks and a vote of thanks by Mr. Sampathkumar Chittibabu, Director, Par Formulations.
Taxation, Tariff & Regulatory Affairs Committee’s Webinar on Budget 2020
3rd February 2020
On February 3rd, AMCHAM’s Taxation, Tariff & Regulatory Affairs Committee, in association with PwC, conducted a webinar on the key aspects of Union Budget 2020. This webinar examined highlights of the Union Budget presented in Parliament on February 1st. Direct and indirect tax implications, as well as salient features that impact the economy in general and business of U.S. companies were discussed. The trends envisaged based on extensive analysis of the budget were explored to see they would impact business. Approximately 40 participants logged into the webinar. A variety of queries posted during the webinar were answered on the spot. The speakers included: Mr. Sandeep Chaufla, Chairman – Taxation, Tariff & Regulatory Affairs Committee, AMCHAM and Partner – Corporate and International Tax, PwC India, Ms. Anita Rastogi, Partner – Indirect Tax and GST , PwC India and Mr. Manish Sabharwal, Partner – Transfer Pricing, PwC India.
3rd February 2020
PricewaterhouseCoopers Kolkata hosted a seminar on the Union Budget 2020/21 at the Taj Bengal on February 3rd. Members of AMCHAM’s Eastern Region were invited to this session. The panelists at the tnaugural session were Mr. Sanjay Budhia, Industrialist, Managing Director, Patton India, Mr. Arnab Basu, Managing Partner East & Technology Consulting Leader, PwC India, Prof. Mrutyunjay Mohanty, IIM Kolkata, Mr. Bishwanath Jha, IRS Principal Chief Commissioner of Income Tax, Kolkata and Mr. Kaushik Mukherjee, Tax Partner, PWC and Executive Committee Member – Eastern Region, AMCHAM. The panelists gave their interpretation of the budget announcement viz-a-via its expectations, the finer details of the finance bill and how it impacts business…
Interactive Session with Mr. Gaurav Ajmani, Chairman – Anti-Corruption & FCPA Committee, AMCHAM and Associate General Counsel, Business Conduct & Ethics, Amazon Seller Services
31st January 2020
The Karnataka Chapter hosted an interactive session with Mr. Gaurav Ajmani, Chairman – Anti-Corruption & FCPA Committee, AMCHAM and Associate General Counsel, Business Conduct & Ethics, Amazon Seller Services on January 31st at the Amazon office in Bengaluru. The session focussed on vendor compliance management and third party risks which were a common problem area in effective compliance programs across sectors. The event was attended by AMCHAM member companies like HPE, KPMG, Thomson Reuters, IMA, Goldman Sachs and VF Corporation.
U.S. Government Bimonthly Briefing
30th January 2020
On January 30th, at the American Center in New Delhi, Honorary National Executive Board Members of AMCHAM, Ms. Aileen Nandi, Minister Counselor Commercial Affairs, U.S. Embassy and Mr. Robert Garverick, Minister Counselor EEST, U.S. Embassy, briefed members on the current state of U.S.-India bilateral relations. Possible VIP visits, Indo-Pacific strategy, impact of GST on member companies, the regulatory environment , trade negotiations, data protection and IPR challenges were topics discussed. Members were updated on the recent opening of the Development Finance Corporation (DFC), an independent agency of the U.S. Government that provides financing for private development projects. Members found the candid session beneficial and the next briefing was scheduled for March 26th.
HR Committee Meeting
30th January 2020
AMCHAM’s HR Committee met on January 30th in New Delhi with the Labour Code as the theme. Ms. Komple Sharma, Manager, AMCHAM, welcomed speakers and participants to the committee meeting. The opening remarks were delivered by Ms. Kavita Mathur, Co-Chairperson – HR Committee, AMCHAM and People & Culture Leader, Grant Thornton Advisory. It was followed by an interactive session and panel discussion on the Labour Code. The panellists were Dr. Anoop K Satpathy, Senior Faculty, V. V. Giri National Labour Institute and Mr. K.C Pandey, Consultant, Grant Thornton India LLP. The discussion was moderated by Mr. Akhil Chandna, Director, Tax, Grant Thornton India LLP. Dr Satpathy gave a detailed presentation on the key features of the Labour Code focusing on its background and key problem areas, wage policy reforms in wage code and its likely impact. He also touched upon the Occupational Safety, Health and Working Conditions Code, Code on Industrial Relations and Code on Social Security. It was followed by a discussion session. Ms. Kavita Mathur expressed her gratitude to the speakers and gave the closing remarks.
29th January 2020
On 29th January, as part of the Signature Lecture Series, AMCHAM organized a breakfast session on ‘Leadership Engagement at the Time of Unexpected Challenges’ with Mr. Brad Staples, Global CEO, APCO Worldwide. The session began with opening remarks by Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM India. This was followed by Mr. Sarthak Ranade, Vice Chairman – Western Region, AMCHAM and Managing Director – Janssen India, Johnson & Johnson Pvt. Ltd., who through his welcome address, set the stage and introduced the keynote speaker…
U.S.-India Travel & Tourism Working Group Meeting
28th January 2020
AMCHAM’s U.S.-India Travel & Tourism Working Group kicked off the year on January 28th in Bengaluru with an interaction on ‘Opportunities for BLeisure Tourism’ with members who have large numbers of outbound travel from India to the USA. The opportunities for incentive travel were also discussed. Attendees comprised of representatives from the U.S. Commercial Service, corporate members, tourism brands and travel services.
Karnataka Chapter CEO Breakfast Morning: Current State of CSR
28th January 2020
AMCHAM’s Karnataka Chapter hosted the monthly edition of the CEO breakfast mornings on the topic of ‘Current State of CSR.’ The focus of the breakfast morning was on CSR accounting, assessments and reporting as well as challenges faced by corporates in CSR. New opportunities in the CSR domain were shared with updates on the CSR policy and models for collaboration, impact and employee engagement. The session was moderated by Ms. Neelam Makhijani, Country Director & CEO, ChildFund India with Ms. Deepa Nagaraj, Global Head of Corporate Communications and Director Sparkle Innovation Ecosystem, Mphasis and Mr. Santhosh Jayaram, Partner and Head, Sustainability and CSR Advisory, KPMG in India. The event was attended by companies like IBM, First American, Shanti Bhavan, HPE, Christel House and others.
Energy Committee Meeting
22nd January 2020
A meeting of AMCHAM’s Energy Committee was held on January 22nd at the U.S. Embassy and was chaired by Ms. Preetha Nair, Chairperson – Energy Committee, AMCHAM and Head Asia, True North Venture Partners, Mr. Robert Garverick, Honorary USG Chair – Energy Committee, AMCHAM and Minister Counselor for Economic, Environment, Science and Technology Affairs, U.S. Embassy, Ms. Dinah McDougall, Honorary USG Chair – Energy Cooperation Program, AMCHAM and Commercial Officer, U.S. Embassy. The committee deliberated on the agenda and preparation for the upcoming CHT roundtable on February 4th, advocacy for the development of static energy storage, the promotion of energy efficiency through engagement with USAID, Bureau of Energy Efficiency, cooling as a service, etc. It was felt that individual issues of members can be taken up through the fast track mechanism with DPIIT. Best practices in procurement and digital transformation were key areas of common interest to plan future activities.
Supply Chain & Logistics Committee’s Knowledge Sharing Session on ‘Maximizing RoI From Your IoT Investment – A Proven Approach’ with Mr. Veeresh Dharappanavar, Sr. Director Sales, Altizon Inc.
17th January 2020
On January 17th, AMCHAM’s Supply Chain & Logistics Committee organized a knowledge sharing session on ‘Maximizing RoI From Your IoT Investment – A Proven Approach’ via webex. The session began with opening remarks by Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM, who also shared an introduction to the session speaker, Mr. Veeresh Dharappanavar, Sr. Director Sales, Altizon Inc. Through his welcome address Mr. Kumar Kandaswami, Chairman – Supply Chain & Logistics Committee, AMCHAM and Partner, Deloitte Touche Tohmatsu India LLP, set the tone for the session…
Diversity & Inclusion (D&I) Committee’s LGBTQ Chapter Meeting
14th January 2020
A meeting of the LGBTQ Chapter of AMCHAM’s Diversity & Inclusion (D&I) Committee was held on January 14th, 2020 in Mumbai. The meeting commenced with opening remarks by Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM, followed by a welcome address by Mr. Sudhir Jain, Chapter Leader – LGBTQ Chapter, D&I Committee, AMCHAM and Managing Director, Chief Risk Officer, Bank of America N.A. As part of the agenda members actively ideated on the forthcoming initiatives and participation at events (Queer Azadi Pride March, Out & Equal India Forum).
Delegation to Jamshedpur for Interaction with Consul General Patti Hoffman, U.S. Consulate Kolkata
14th January 2020
AMCHAM’s Eastern Region organized a meeting with U.S. Consul General Patti Hoffman in Jamshedpur at the Timken India facility on January 14th to understand investment opportunities in Jharkhand and the eastern region. The meeting was attended by AMCHAM member companies including: Deloitte, Houghton, HP, Hyatt, PwC, Quaker and Timken. Jharkhand’s economic environment with regards to steel, manufacturing, minerals, metals, IT and services industries were discussed. Members shared their plans and interactions with the Jharkhand government. The new state government’s initiatives regarding ease of doing business in Jharkhand were deliberated. Consul General Patti Hoffman was keen to understand how the Consulate can help industries to hold bilateral dialogues and any concerns that needed to be flagged to the state government. Investment opportunities in West Bengal and the north eastern belt of India were discussed.
Learning Opportunity for MBA Students from Montclair State University
13th January 2020
AMCHAM India, in association with KPMG in India, organized a learning opportunity for MBA students from Montclair State University, in Gurgaon on January 13th 2020. Mr. Anuj Vadhera and Mr. Debjit Ghosh of KPMG in India teamed up to conduct an exhilarating session. Participating students had a wonderful opportunity to learn from the speakers’ insights and experience on the subject of ‘International Business and Strategy in India,’ as well as associated opportunities and challenges. Students participated in discussions and interacted with the speakers on a variety of questions which included challenges faced by U.S. investors in India.
7th January 2020
On December 18, 2019, Defence Minister Rajnath Singh and External Affairs Minister S. Jaishankar met their American counterparts – Secretary of Defence Mark Esper and Secretary of State Mike Pompeo, respectively, for the second U.S.-India 2+2 Ministerial Dialogue. On January 7th in New Delhi, Mr. Robert Garverick, Minister Counselor EEST, U.S. Embassy and RDML Eileen Laubacher, Defense Attaché, U.S. Embassy, briefed AMCHAM members on the discussions and the current state of U.S.-India bilateral relations. Members found the session very useful…
Karnataka Chapter Executive Committee Meeting
6th January 2020
AMCHAM’s Karnataka Chapter Executive Committee meeting was held on January 6th, 2020 at the Nike Office in Bengaluru. The success of past events was reviewed and new events for calendar year 2020 were discussed, among other chapter priorities.
Tamil Nadu Executive Committee Meeting
4th January 2020
AMCHAM’s Tamil Nadu Chapter launched activities for the year 2020 with the first Executive Committee meeting in Chennai on January 4th to discuss key learnings of 2019 and activities for 2020. Key focus areas of the chapter included activities for member interaction and knowledge sharing with industry and government, new member induction into the chapter and other priorities.