Northern Region KPMG Series – ESG: Climate Change and the Business Case for Sustainability

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

Northern Region KPMG Series – ESG: Climate Change and the Business Case for Sustainability – 4 November 2022

AMCHAM’s Northern Region, with knowledge partner KPMG in India, organized a breakfast series session on ‘ESG: Climate Change and the Business Case for Sustainability’ on November 4th in New Delhi. Wg Cdr Rajiv Anand, Program Director, AMCHAM, welcomed participants and introduced the KPMG team to the gathering. Session speakers Mr. Naveen Aggarwal, Partner in Charge, U.S. – India Corridor North India Tax Head, KPMG in India, Mr. Shivananda Shetty, Partner, Practice Lead – ESG, KPMG in India along with Mr. Sandip Keswani and Mr. Saurabh Bhardwaj from the ESG team shared their expert insights on the topic. The discussion focussed on ESG becoming a mainstream topic for businesses and investors, the unparalleled opportunity to drive untapped value, net-zero strategies and integrating ESG considerations into business operations as well as funding mechanisms beyond the conventional sources. The session also generated discussion on issues like decarbonization as a global imperative and priority for businesses, risks and opportunities for businesses from climate change and innovative financing mechanisms for green capital. The session was a comprehensive contextual insight into ESG and connected business impact.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Discussion on Draft Telecommunication Bill 2022 with U.S. Embassy

On October 6th, AMCHAM participated in a virtual meeting to discuss the Draft Telecommunication Bill 2022, organized by Mr. Aamod Omprakash, Cyber and Digital Policy Officer, U.S. Embassy, along with other U.S. industry associations. The discussions revolved around the opportunities and concerns related to the draft bill published. Some of the key points covered included issues in maintaining ‘know your customer’ through a verifiable mode of identification, globalization of standards to enhance EoDB, inclusion of arbitration clause to reduce grievance redressal TAT, OTT licencing issues, etc. Since it is too early to draw any conclusion on the draft bill, the Embassy requested participants to share industry comments after their submission to the ministry.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Western Region CEO Session – Building a Resilient Business: Industry X.O – Manufacturing of the Future

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

Western Region CEO Session – Building a Resilient Business: Industry X.O – Manufacturing of the Future – 28 September 2022

AMCHAM’s Western Region, with knowledge partner KPMG in India, organized a CEO breakfast session on ‘Building a Resilient Business: Industry X.O – Manufacturing of the Future’ on September 28th in Mumbai. Through his opening remarks, Mr. Ambuj Saksaria, Regional Director – Western Region, AMCHAM welcomed participants and introduced the session speaker, Mr. Bhavik Damodar, Office Managing Partner Mumbai, Partner – Deal Advisory, KPMG in India. In an interactive dialogue, Mr. Bhavik Damodar, along with Mr. Suneel Vora, Partner, KPMG in India and Mr. Sushant Rabra, Partner, KPMG in India, shared their expert insights on the topic. The discussion focussed on the need for organizations to reimagine manufacturing and supply chains, upskilling, enhancing customer experience, the impact of digitization of value chains and adoption of new-gen technologies that lead to operational efficiency. The session concluded with closing remarks and vote of thanks by Mr. Deepak Shrivastava, Managing Director – Indian Subcontinent, UPS Express Pvt. Ltd. who thanked AMCHAM and KPMG in India for the insightful discussion. He also thanked the participants for making it an engaging interaction.

View key takeaways from this session Here

 

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Women’s Empowerment Through Employment Generation – Tamil Nadu Chapter

AMCHAM’s Tamil Nadu Chapter held a breakfast meeting on July 22nd in Chennai on creating a conducive ecosystem to encourage women’s empowerment through employment generation. The meeting started with celebrating the appointment of India’s Honorable President Draupadi Murmu, a great step in demonstrating women’s empowerment. Mr. Rajan Aiyer, Chairman – Tamil Nadu Chapter, AMCHAM welcomed participants and gave an overview of how American companies were employing more women on the shop floor who were engaged in assembly, packing, financials and in service companies doing all kinds of jobs that men do. Experience shows that in manufacturing companies, women were often more productive and the same was noticed in service companies.

The first presentation was made by Mr. Jerry Kapoor of Modine who shared some good practices of how the company has created gender neutral roles with significant number of female plant operators, who benefited from career development programs for women employees which provided them job progression to higher levels. His presentation had scenes of women employees who expressed how they were feeling empowered and that they were now able to build their homes, share in family responsibilities by educating their younger siblings and getting them married. They were thankful that Modine provided the means for them to accomplish this.

The next presentation was made by Ms. Minakshi, Joint Director, Department of Employment and Training, Government of Tamil Nadu on how the department equips women to become self reliant through job skills training and employment. She also mentioned that they now have a Private Companies Portal where private companies can upload their requirements of candidates for various positions. The presentation mentioned many of the career and job fairs that were conducted across the state.

The next presentation was made by Mr. Amitrajit Ghosh, Director, Dow Global Engineering Center where he explained how in Dow they have programs such as Campus2Corporate Internship Programs and Project PUTHRI (daughter) wherein female students from financially weaker sections are trained and sponsored in engineering education and given full time employment. They also have Project Catalyst which aims to bring back women engineering talent after a career break. The point was clear that for women to thrive in industry the ecosystem as a whole has to support these initiatives.

The last presentation was made by Mr. Gaurav Daga, Vice President and Ms. Mathivathani RP, Associate Vice President of Guidance Tamil Nadu who took participants through the work done by WorkLabs Cell through academia industry collaborations which engages students and freshers through plant visits, internships and apprenticeship programs. They also explained the consultation with 65 industries across fintech, logistics, electronics, auto, wind, general manufacturing, construction and chemical sectors in Tamil Nadu.

AMCHAM suggested that the government of Tamil Nadu could help by providing support by providing accommodation through women hostels, transport to and from the workplace after shifts for women employees in prominent industrial zones so women employees from remote areas can take advantage of these facilities. The Guidance personnel said they provide hostel facilities to women employees of Foxconn and that this could be expanded to include women employees of American companies as well. For India’s growth to further accelerate, everyone has the collective responsibility to do whatever it takes to help create opportunities for women to join the workforce in large numbers. The meeting concluded with a vote of thanks by Mr. Rajan Aiyer.

 

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Meeting with Ms. Rupa Dutta, IES, Principal Adviser, DPIIT, Office of the Economic Adviser, Ministry of Commerce & Industry

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

Meeting with Ms. Rupa Dutta, IES, Principal Adviser, DPIIT, Office of the Economic Adviser, Ministry of Commerce & Industry – 06 June 2022

AMCHAM made a representation on June 6th to the Ministry of Commerce & Industry (MOCI), Ministry Electronics & Information Technology (MeitY) and Invest India regarding the WTO Customs Duty Moratorium on Electronic Transmissions on behalf of its members, who were deeply concerned that the Indian Government was planning to oppose the renewal of the moratorium at the upcoming Ministerial Conference of the WTO from June 12th-15th 2022. In this connection, AMCHAM was asked by DPIIT, Office of the Economic Adviser, MOCI to explain its recommendations on why the Government of India should NOT oppose the renewal of the moratorium. Mr. Amitabh Kumar, Program Director, AMCHAM met with Ms. Rupa Dutta, IES, Principal Adviser, DPIIT, Office of the Economic Adviser, Ministry of Commerce & Industry on June 9th and discussed AMCHAM’s recommendations, which were well received by the Principal Adviser.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.