On Monday, September 21, Honeywell Chairman and CEO, Dave Cote, attended a panel discussion at the Carnegie Endowment for International Peace in Washington, DC with along with five other CEOs from the U.S. and India. James McNerney, President and CEO of Boeing, moderated the discussion amongst Cote, Charles Kaye of Warburg Pincus, Michael Burke of AECOM, Kiran Mazumdar Shah of Biocon Limited, Cyrus Mistry of Tata Sons, and Sunil Bharti Mittal of Bharti Enterprises.
Carnegie hosted the half-day conference to discuss the prospects for transformed economic ties between the two countries, and the conversation revolved around the theme of “Deepening Bilateral Economic Engagement.” The CEOs discussed the ease of doing business in India and collectively recommended that both governments address low-hanging fruit—dispute resolution, intellectual property, and taxation—to facilitate immediate trade gains for both economies.
Giving his take on the state of the bilateral economic relationship between the U.S. and India, Cote said, “I’m encouraged by the potential and a bit encouraged by the progress. And I guess the thing that seems interesting is 20 years ago there was an opening in India and it was Manmohan Singh, the finance minister, who created an opening, and it was actually beneficial for a long time. Then everything kind of went into a stasis and not much seemed to happen anymore. And it seems like we’re on the cusp of another re-awakening, which would be wonderful to see for the country. And it seems to me that there’s a real opportunity for the US and India to work together to help create that opening.”
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