March 1, 2011, Washington DC: The Alliance for US India Business (AUSIB) welcomes India’s Union Budget for FY 2011-12, and rates it as a very investor friendly budget that could help attract more investments into India.

Sanjay Puri, AUSIB President said, “We are very happy that this budget is high on foreign investments and it has opened doors for investments in infrastructure and equity mutual funds. We look forward to working with India and US companies on utilizing this opportunity and playing our part in the Indian growth story.”

The 2011 Budget will allow foreign investors to invest in infrastructure bonds and also equity mutual funds. This could be very attractive to foreign investors, as also Indian asset management companies who can expect to see a widening of scope of investors in India. The Budget focuses on improving the basic drivers of economic growth such as education, infrastructure and agriculture. It has also tried to keep the fiscal and budgetary deficits under control, which will be important in the long-term growth of the country.

January 19, 2011, Washington DC: The third annual Future of Financial Markets (FOFM) Leadership Summit will be held from Thursday, January 20 to Saturday, January 22 at the Renaissance Mumbai Convention Center, Powai, Mumbai, India. The Alliance for US India Business (AUSIB) has partnered with FOFM for the event and brings U.S. Congressman Curt Weldon as a keynote speaker during the three day Summit.

The theme for this year’s event is “Empowering Lives. Transforming Economies” and will discuss the growth drivers for emerging economies in redefining the international financial landscape. The Summit will include keynote addresses, panel discussions and presentations by renowned experts who will discuss financial market reforms, commodity market reforms, role of new generation markets in achieving financial inclusion among other topics. The 2010 FOFM Summit saw 200 thought leaders including 65 eminent speakers participate and discuss about ‘Driving Financial Inclusion and Equitable Growth.’

Some of the prominent speakers at FOFM 2011 include Ang Swee Tian (Chairman, Singapore Mercantile Exchange), Arshad Khan (MD, CEO, Bahrain Financial Exchange), Rundheersing Bheenick (Governor, Bank of Mauritius), and Kiran Karnik (Former President & Chairman, NASSCOM).

January 20, 2011, Washington DC: The Alliance for US India Business (AUSIB) announces the successful completion of its National Foundation for Women Legislators (NFWL) delegation to India. The nine member delegation was in India from January 09 to January 15, 2011 and participated in the Vibrant Gujarat Summit 2011 on January 12 and 13, 2011 in Gandhinagar, Gujarat, India.

AUSIB President, Mr. Sanjay Puri, expressed satisfaction at the outcome of the delegation and said, “The delegation exposed the NFWL delegates to the huge opportunity that the Indian market presents. They discussed the growth in Indian and U.S. markets during their various meetings, and AUSIB will now assist them in entering into MoUs with companies in both the countries. With every delegation we bring, our aim is to strengthen trade relations between India and the U.S, and the NFWL delegation has been another step forward.” He also said that AUSIB will work with the delegation on organizing student exchange programs that will further educational ties between U.S. and Indian universities.

The NFWL delegation met with various business leaders of India including those from Mahindra & Mahindra, Mahindra Satyam, Financial Technologies India Pvt. Ltd and the National Association of Software and Services Companies (NASSCOM). They also conducted meeting with policy leaders and government officials such as the former Deputy Chief Minister of Maharashtra and current Cabinet Minister for PWD and Tourism, Mr. Chaggan Bhujbal; the Minister for Home (Urban & Rural) Development, Food & Drug Administration, Mr Satjes Patil, the Chief Minister of New Delhi, Smt. Sheila Dixit; Chief Minister of Gujarat, Mr. Narendra Modi; Cabinet Minister for Cultural Affairs Mr Harshawardhan Patil; the Minister for Education Mr Kapil Sibal  and other prominent Members of Parliament.

August 30, 2010, Washington, D.C: A high-level delegation consisting of government and corporate leaders shall visit the East Coast on Sept. 10-18, 2010 as part of the preparation for the Vibrant Gujarat Summit 2011. The Alliance for US India Business (AUSIB) shall assist the delegation in establishing contacts with representatives from various industry sectors during their visit to the U.S.

The Gujarat Delegation shall meet with industry experts, businesses and trade associations in the East Coast to explore opportunities of collaboration between them and the industries in Gujarat. They shall also invite such representatives to the 2011 Summit. For more information about the delegation please visit http://www.ausib.org

The Vibrant Gujarat Summit shall be held on January 12-13, 2011 in Gandhinagar, Gujarat, India. The Summit is a platform for industry leaders and policy makers from across the globe to interact and explore growth opportunities in various sectors such as Biotechnology, IT, Energy, Pharma etc. For more information about the 2011 Summit please visit www.vibrantgujarat.com

About AUSIB:

The Alliance for U.S.-India Business (AUSIB) is a leading non-profit trade association that offers a pathway to help your business succeed in the United States and India. AUSIB seeks to augment investment flows and trade between the U.S. and India and open new channels of communication between business and government leaders. For more information please visit http://ausib.org/