US-India relationship has important geo-economics dimension says Biswal

Vastavam web: The US-India relationship does not have just a geopolitical aspect but an incredibly important geo-economics dimension in which the private sector can play a key role, Nisha Desai Biswal has said ahead of her visit to India this week as the president of a top business advocacy group .The former Assistant Secretary of State for South and Central Asia, Biswal this month joined the US India Business Council (USIBC) as its president. USIBC is a part of the powerful US Chambers of Commerce.
She said joining the USIBC and the US Chamber of Commerce, is “an opportunity…to bring the knowledge and understanding and insight that I had from government and bring that into private sector in terms of how can we better leverage the US and Indian private sectors to create the kind of economic partnership that not only creates opportunity in both countries, but also the ability for our two economies to partner in looking at the region and the global opportunity,” Biswal told.
Headed to India this week on her first visit as the USIBC president, Biswal said it is a profoundly important time in bilateral ties and the economic partnership is pivotal.Noting that there already is a lot of inherent and organic growth in two-way trade and investment, Biswal said but there can be a far more strategic leveraging of that.There was a recent study that talked about 90 per cent of the infrastructure of India of 2030 is yet to be built, she said.
“And that’s going to take an enormous surge of investment to be able to stand up that infrastructure. Investment domestically as well as foreign investment. So what are the things that can really clear the pathways of that investment,” Desai said, noting that there are a number of things that one can look at bringing in more investment.”Bigger ideas is to me, not just a job but a passion and a vocation, it’s a mission that I deeply and passionately believe in and I see this platform as being absolutely the most critical platform from which I can do this,” Biswal said.