High level CEO delegation to visit U.S.

By Our Special Correspondent

NEW DELHI, AUG. 23. A 50 member high level CEOs delegation led by the Confederation of Indian Industry (CII) President, Mr. Arun Bharat Ram, will visit the U.S. between September 6 and 17, according to a CII news release here today.

The mission - the largest ever CII CEOs delegation to the U.S. - would coincide with the visit of the Prime Minister, Mr. Atal Behari Vajpayee. The delegation will visit New York and Washington, the financial and political capitals of the U.S.

According to CII, this visit signifies the strengthening of trade and investment relations between the two countries and is an outcome of the visit of the U.S. President, Mr. Bill Clinton, to India in March this year. The joint statement between the U.S. and India, the CII pointed out, envisages that the two countries would enhance business relations in the knowledge age. It is in this backdrop that the mission would be visiting the U.S. The mission would also seek to consolidate the current warmth in Indo-US relations.

The mission would meet with senior government officials and business leaders in the U.S. A series of seminars and conferences are also lined up that would help in highlighting the immense potential that India holds for U.S. business. On the occasion of this mission, the CII is organising ``The U.S.-India Business Summit'' which will be addressed by the Prime Minister of India on September 7 in New York. The Union Finance Minister, Mr. Yashwant Sinha, will also address the Summit.

The companies represented in this high-power delegation account for over 30 per cent of total market capitalisation in India and represent the diverse capabilities of Indian industry.

The auto majors are represented by Mr. Ratan Tata, Chairman, Tata Industries, Mr. C. K. Birla, Chairman, Hindustan Motors, Mr. Jagdish Khattar, Managing Director, Maruti Udyog, Mr. Anand Mahindra, Managing Director, Mahindra & Mahindra, and Mr. R. Seshasayee, Managing Director, Ashok Leyland.

Among others, the information technology sector would be represented by Mr. N. R. Narayana Murthy, Chairman and CEO, Infosys Technologies, Mr. B. Ramalinga Raju, Chairman, Satyam Computer Services, Mr. Vivek Paul, President, Wipro Technologies, Mr. R. S. Pawar, Chairman, NIIT, Mr. Phiroz Vandrevala, Executive Vice President, Tata Consultancy Services, Mr. Atul Nishar, Chairman, Aptech and Mr. Dewang Mehta of NASSCOM.

Mr. Subhash Chandra, Chairman, Zee Telefilms would represent the media industry. The telecom sector would be represented by Mr. Sunil Mittal, Chairman, Bharti, and Mr. Analjit Singh from Max India. Mr. Ajay G. Piramal of Nicholas Piramal India will represent the drugs and pharmaceuticals sector.

The financial sector will be represented, among others, by Mr. P. S. Subramanyam, Chairman, UTI, Mr. K. V. Kamath, CEO, ICICI, Mr. Nimesh N. Kampani, Chairman and Managing Director, JM Morgan Stanley, and Mr. Uday S. Kotak, Vice Chairman, Kotak Mahindra.

Mr. Jamshyd N. Godrej, Managing Director, Godrej & Boyce, Mr. Baba Kalyani, Chairman & Managing Director, Bharat Forge, Mr. A. M. Naik, Managing Director, L&T, Mr. Dhruv M. Sawhney, Chairman, Triveni Engg. would represent the engineering sector. Mr. Tarun Das, Director General CII and Chairman, ACC, and Mr. Harsh Neotia of Ambuja Cements would represent the cement sector.

Among other CEOs who would join the delegation include Mr. Sanjiv Goenka, Vice President, CII, RPG Enterprises, Mr. Hari S. Bhartia, Co-Chairman and Managing Director, Vam Organic Chemicals, Mr. N. Kumar, Vice Chairman, Sanmar group, Mr. Sunil Kant Munjal, Managing Director, Hero Cycles, Mr. Naresh Goyal, CMD, Jet Airways and Mr. Satish Kaura, Chairman, Samtel Color.

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