New Delhi: Atul Singh, president and CEO of Coca-Cola India has taken over as chairman, American Chamber of Commerce (AMCHAM) in India. This was announced in the 16th annual general meeting held in the capital on Friday.
Virat Bhatia, managing director of telecom company, AT & T and Shyamal Mukherjee, director, Price WaterHouseCoopers (PWC) were elected as vice-chairman of Amcham India’s Board of Directors and T P Chopra, president and CEO, GE India, was also elected to the board for the year
The new Telecom junior minister Jyotiraditya Scindia addressed the American business community. Calling for further participation of U.S. companies in India’s inclusive and sustained growth by ensuring that every dollar invested was used for social reforms irrespective of rural – urban and income inequality divide, the minister said that India needed to sustain its high growth pattern over a longer period in order to maintain its economic momentum.
Scindia said that the government was taking steps to reign in inflation which would see a dip over the next 2 -3 months. He also said that the inflation was mainly due to the subprime crisis in U.S. and the increase in fuel and food prices in the international market.
Speaking on the occasion, Steven J White, U.S. charge d’Affairs, U.S. Embassy said that greater market and trade access between India and U.S. would help in accelerating the growth in the two countries.
Further, increase of U.S. investment in India by 33% during the year 2007 was a step in the right direction. The industry body hoped that 2008-09 would see similar growth in finance, trade, energy, education, health and agriculture sectors.