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'American firms in Bengaluru bolstering US-India economic ties'

Thursday - August 11, 2022 10:36 pm , Category : BUSINESS
Bengaluru, Aug 11 (IANS) On her first visit to Bengaluru after assuming charge in September 2021, US Mission India Charge d'Affaires, Patricia Lacina met with business leaders and entrepreneurs to underscore the strong US-India economic and commercial ties.
Lacina acknowledged the immense contributions of over 650 US companies in Bengaluru that employ tens of thousands of Indian citizens in high-standard work environments in the formal sector.
She applauded their immense contribution to the US-India bilateral relationship -- not only through their economic ties and investments, but also through corporate social responsibility initiatives and a commitment to the development of employee skills.
"This year, as our two countries commemorate 75 years of diplomatic relations and trusted partnership, we celebrate a US-India partnership defined by US President Joe Biden recently as deep connection between our people - ties of family, of friendship, and of shared values. It is because of these shared values that US and Indian firms work so well together, forging a path for innovation and prosperity."
Joining her in Bengaluru were US Consul General in Chennai Judith Ravin and Director of the US National Science Foundation (NSF) Dr. Sethuraman Panchanathan.
The NSF Director visited Bengaluru to expand upon the strong partnership within the fields of science and technology. A Chennai native and graduate of the Indian Institute of Science, Panchanathan is in India to announce NSF funding for 35 collaborative research projects between US and Indian university laboratories.
NSF, under the direction of Panchanathan, is tasked with keeping the US at the leading edge of discovery in a wide range of scientific areas.
NSF has recently been the subject of major legislation which, in addition to supporting funding in all areas of basic research, establishes a new directorate for Technology, Innovation, and Partnership to greatly accelerate the translation of research to application.
Panchanathan also gave the Dr. M.A. Govind Rau Founder Memorial Lecture at the Indian Institute of Science (IISc), Bengaluru.
Lacina used the occasion to mark the arrival of the new Counsellor for Commercial Affairs Carey Arun.
Based in Chennai, Arun will oversee the US Commercial Service's efforts in south India, supporting opportunities for US-India trade and business. The US Commercial Service has offices in Chennai and Bengaluru.

--IANS pvn/pgh

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)