Atul Singh, President and CEO, Coca-Cola India, has been unanimously elected as Chairman of the American Chamber of Commerce (AMCHAM) in India. This was announced at the 16th annual general meeting of AMCHAM India held in the Capital recently.
Virat Bhatia, Managing Director, AT&T, and Shyamal Mukherjee, Director, PricewaterhouseCoopers, have been elected as Vice-Chairmen of AMCHAM India’s Board of Directors. TP Chopra, President and CEO of GE India, too, has been elected to the board for the year.
Minister of State for Telecommunications, Jyotiraditya Scindia, addressed the AMCHAM AGM. Calling for further participation of US companies in inclusive and sustained growth of India by ensuring that every dollar invested was used for social reforms irrespective of the rural-urban and income inequality divide, Scindia said that there was a need for India to sustain its high growth pattern over a longer period in order to maintain its economic momentum.
“The country is today experiencing approximately 8 per cent growth rate year-over-year. We need to ensure that the rate of growth is sustained over a longer period of time,” Scindia said, adding, “The Government is taking steps to reign in inflation, which would see a dip over the next 2 -3 months. The inflation was mainly due to sub-prime crisis in the US and the increase in fuel and food prices in the international market.”
Steven J White, US Charge d’Affairs, US Embassy, said that greater market and trade access between India and the US would help in accelerating growth in the two countries. He said that increase of US investment in India by 33 per cent during 2007 was a step in the right direction. It was important that similar excitement was maintained during the current year as well, especially in sectors like finance, trade, energy, education, health and agriculture.