US govt, Pvt sector to work closer together for India’s development

By India News Stream Staff

July 31, 2018

New Delhi: The U.S. Agency for International Development (USAID) and the American Chamber of Commerce in India (AMCHAM India) have decided to further deepen the partnership between the US government and the US private sector to contribute to India’s development.

The two institutions on Monday signed a Memorandum of Understanding (MOU) to strengthen the growing partnership for the purpose.

The same day the high-level Indo-Pacific Business Forum in Washington, D.C was also launched.

This forum will bring together key U.S. Cabinet Secretaries and senior leaders from government and business to discuss how government tools and policies can facilitate private sector partnerships to unleash the full potential of the Indo-Pacific region, including supporting India’s rise as an important power in a free and open Indo-Pacific, the Embassy said.

Both USAID and AMCHAM India said they will collaborate to combine U.S. Government and American private sector resources to address India’s development challenges in the following sectors: maternal and child health; tuberculosis; HIV/AIDS; energy/environment and forestry; water and sanitation; gender and women’s empowerment; and issues concerning youth.

As agreed under the partnership, USAID will identify and share innovations that benefit the base of India’s population pyramid, while AMCHAM India will explore integrating its member companies’ corporate social responsibility funding with USAID/India’s programs. A total of 312 U.S. companies are members of AMCHAM, India.