A large part of our work is in the area of policy advocacy. USISPF’s 12 sector-specific committees are focused on advocacy to further commercial and strategic partnerships between the U.S. and India. These committees engage with government stakeholders in both countries to work on domain-specific issues.
The landscape for the healthcare sector is shifting dynamically in both the U.S and India with the governments focusing on improving accessibility and quality of care, while lowering costs. There is a need to explore new partnerships and business models, without compromising on innovation. USISPF is leading data-driven advocacy for alternative policy solutions by educating stakeholders and decision makers. USISPF is enabling conversations to share global best practices.
USISPF advances infrastructure policy and influences regulatory regimes by promoting best practices and market-based solutions. Our advocacy efforts focus on policies tied to critical issues including land use and acquisition, successful Purchasing Power Parity (PPP) implementation, project financing, and reforms that directly affect investors and companies. USISPF facilitates successful trade promotion through joint workshops and roundtables with the Indian government to showcase our members’ equipment, technologies, and services to meet India’s infrastructure needs. USISPF also provides a platform for Indian companies to explore opportunities to participate in the infrastructure opportunity within the U.S.
USISPF promotes reforms that would expand India’s power sector and encourage safety, reliability, and efficiency in the generation, transmission, and distribution of power and grid management. A key component of this undertaking is a regulatory policy to promote renewable energy consumption. India can achieve its power generation targets by addressing key investment issues, including the creditworthiness of distribution utilities, domestic content requirements, and technological neutrality, bidding processes, land acquisition, and grid stability, which will facilitate greater participation by U.S companies. As the Government of India takes steps to increase exploration activity for oil and gas and accelerates the development of resources, USISPF helps companies advocate favorable policy reforms in hydrocarbon exploration and production, and promote effective implementation frameworks.
Financial Services and Tax
Today’s global financial services sector is shaped by innovation and technology. While working to help deepen India’s capital markets and its banking and insurance sectors, USISPF also provides a platform to companies to work as partners with the Government of India to promote financial inclusion. Less than 10% of India’s population is active in the capital markets and less than 5% of the country has access to insurance. This scenario presents an enormous opportunity for USISPF member companies. Prime Minister Narendra Modi’s vision of financial inclusion and bold move of demonetization has already nudged the country toward digital payments.
Technology, Media, and Telecommunications (TMT)
The importance of technology in today’s globalized world is undeniable. The seamless flow of data and interoperability between our countries and businesses in a secure and effective manner is a pre-requisite to reap the benefits of being interconnected. The Technology, Media, and Telecommunications Committee aims to drive synergies and educate stakeholders to ensure flexibility in policymaking, given the dynamic nature of this sector. USISPF facilitates the exchange of ideas in artificial intelligence (AI), big data, and the Internet of Things (IoT), as these technology trends can greatly improve the lives of citizens. Moreover, seeking new solutions to cyber-security threats is another opportunity for the U.S and India to work together. USISPF liaises with stakeholders, on issues of intellectual property, and the further opening of the Indian media market for foreign investments in the sector.
Intellectual Property Rights (IPR)
USISPF believes that innovation is the lifeblood of both economies. A strong collaboration on innovation requires a predictable IPR regime. We work with stakeholders to provide a strong IPR framework, enabling investment in the country in areas important to the government, such as healthcare and financial inclusion.
Business Process Management
USISPF aims to create a streamlined dialogue between all stakeholders to address tactical challenges in this space, from cyber security issues to fraud.
The Services Committee is a leading platform for law firms and consultancies that seek to promote their expertise in issues related to U.S.-India. Leveraging its long-standing relationships and membership ecosystem, USISPF connects committee members with potential corporate clients and senior government officials. Whether your goal is to be seen in India, make connections, or quietly resolve issues, USISPF can help you grow your business.
Aerospace & Defense
Aerospace and Defense is a major focus for USISPF. India is engaged in military modernization with ongoing acquisitions and heavy developmental programs. USISPF is well positioned to capitalize on the U.S.-India Defense Technology and Trade Initiative (DTTI) to ensure the success of the U.S. and Indian industries, both in providing advanced military capability, and in simultaneously fulfilling the ‘Make in India’ mandate. USISPF leads open and productive discussions with all stakeholders to develop a better understanding of what more must be done to advance this relationship, while simultaneously defining an actionable roadmap for mutual success.
USISPF believes that the Indian economy, and particularly its manufacturing sector, would gain substantially from an expansion of trade. Moreover, trade liberalization will be a catalyst for bigger domestic reforms that lead to doing business more easily. USISPF advocates expanding duty-free export opportunities for manufacturers in India and recommends increasing its export markets by concluding high-ambition free trade agreements (FTAs) with key countries. USISPF is committed to the long-term goal of a U.S.-India Free Trade Agreement, and we believe the successful completion of several other comprehensive bilateral FTAs will lay the groundwork for it. USISPF and its member companies are dedicated to supporting these initiatives, and we facilitate regular dialogs with relevant ministers to pursue the implementation of these recommendations.
In a global ecosystem where talent is the new currency, it’s important to allow free flow of workforce mobility. To grow both countries, we need to get the best talent from each other and ensure there is opportunity for unrestricted workforce mobility. While U.S. companies create jobs in India, Indians companies are also creating valuable jobs and opportunities in the U.S.
Food and Agriculture
The U.S. was instrumental in the Green Revolution in the 1960s and there is great potential for technology improvement in this area today. India represents a huge market for U.S. brands in India, and there has also been a growth in consumption of Indian food in the U.S. As the largest producer of milk and second largest producer of fruit and vegetables in the world, India possesses a huge raw material base. This base, paired with a growing 1.3 billion population, presents vast investment and partnership opportunities for the U.S. However, India is currently only processing ten percent of its food, resulting in enormous food waste. USISPF works to share U.S. best practices, technology, and innovation with India, and, in exchange for providing U.S. companies with investment opportunities in India’s enormous consumer base.