Shri Anand Sharma Commerce, Industry and Textiles Minister of India along with Shri Pranab Mukherjee, Finance Minister and Deputy Chairman, Planning Commission led the Government of India delegation to the India-USA CEO Forum meeting in Washington D.C. on September 22, 2011.
The Forum comprises top CEOs from both sides and is co-chaired by Ratan Tata on the Indian side and David M. Cote, CEO of Honeywell Corporation of the USA. Minister Sharma and the United States Trade Representative (USTR), Ambassador Ron Kirk chaired the session on Review of CEO/Government collaborative projects in different areas including energy efficient buildings, water, agriculture, health care/diabetes; Strategic, high tech and defence trade; and facilitating business travel and totalization agreement . US Treasury Secretary Timothy Geithner, Deputy National Security Advisor Mr. Michael Froman led the US Government delegation.
Minister Sharma underscored the importance of free movement of professionals between the two countries. He specifically pointed to serious problems being faced by the Indian IT industry in obtaining H1B and L1 visas and sought its early redressal. He drew attention to the estimates by the Indian industry that the uptake of H1B visa this year has been less than half of annual prescribed limit, and the rejection rates have gone up.
Source: Press Information Bureau
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