Reform measures taken by the Modi government will open up big opportunities for US-India collaboration, a visiting CII delegation said while addressing an audience of entrepreneurs and investors in Silicon Valley here today.
CII Director General Chandrajit Banerjee highlighted that the Modi government has had to tackle huge challenges posed by laws and regulations, including in coal and land, and stressed that things are moving on the ground, at an event organized by CII and The Indus Entrepreneurs (TiE).
He pointed out the tremendous changes underway as a result of the renewed focus on ease of doing business as also the new spirit of competition amongst Indian states that are all looking to invite US investments.
Tarun Sawhney, Vice Chairman and Managing Director, Triveni Engineering and Industries Ltd, talked about the huge opportunities being presented in sectors such as defence, especially through the ‘Make in India’ programme.
Deep Kapuria, Chairman, Hi-Tech Gears Ltd, mentioned the tremendous opportunities presented by the SME sector where there is burgeoning collaboration between Indian and the US companies, though much more in terms of supply chain integration could be done.
Rahul Munjal, Managing Director and CEO, Hero Future Energies Pvt Ltd, expressed confidence that in the renewable energy sector, the aggressive target of 100 GW by 2022 set by the government is entirely achievable given that 5 GW has already been achieved this year and 3-4 GW are likely to result over the coming few months.
If the trend sustains, the target should be reached, Munjal said.
Rajiv Modi, CMD, Cadila Pharmaceuticals Ltd, stressed about the progress made by the Indian pharmaceutical industry and the government’s efforts to provide highest quality medicines to the maximum number of people.