'India is very important for US companies from a business point of view'
Nisha Biswal said that many companies in the US want to work on the vision of 'Make in India', but the requirements of local goods sometimes become very challenging as the supply chains are worldwide and global and it takes time to trek.
Prior to the first visit of US Trade Representative catherine Tai to india, nisha Biswal, President of the US-India business Council, held important talks on the subject of CAATSA sanctions against india and acquiring S-400 missile systems from Russia.
Given the inflow of indian investments into the US and indian manufacturing, india has emerged as a significant source of FDI in the US.
The PLI scheme of the government of india was highly praised
One of the biggest concerns raised by indian companies is labor and immigration policies, which enable indian companies to source from india through H1B1 visas etc. So this is an important conversation.
Nisha Biswal praised india for the PLI scheme. He said, “There is a need to appreciate the government of india for the PLI schemes and expansion of those PLI schemes. I think this PLI scheme will support the government's desire to attract more supply chains and more manufacturing to India.
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