Washington, March 31: Harold “Terry” McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies, has been elected as the chairman of the US India Business Council (USIBC).
McGraw would replace PepsiCo’s Indra Nooyi during whose tenure USIBC, the largest among American corporate sector doing business in India, played a key role in strengthening of the relationship between the two countries.
“India is a tremendous growth engine for the global economy, and a strong US-India partnership will continue to generate meaningful benefits for the citizens of both nations,” McGraw said.
“Trade between the US and India has doubled in the last three years benefiting the economies of both our countries, and additional growth is possible. I look forward to working with business leaders and policymakers here and in India to strengthen relationships and establish partnerships that will help drive long-term growth and prosperity,” he said in a statement.
–PTI