more-inThe U.S. India Business Council (USIBC), a forum of companies that seek to promote business cooperation between the two countries, has decided to delink from the U.S. Chamber of Commerce and function as an autonomous entity. The Chamber considers the USIBC a “programme” under its umbrella, a view that the board of the USIBC found unacceptable. Overwhelming voteThe board, chaired by CISCO chairman John T. Chambers voted 29-0 for operating as an independent entity last week and informed the Chamber. The 400-member USIBC is the fastest growing segment of the U.S. Chamber, adding nearly 150 new members in the last three years. The U.S. Chamber houses bilateral councils for several other countries, but USIBC and the U.S.-China Council are the most prominent.

Source: The Hindu July 14, 2017 02:37 UTC