[inaudible conversations] good morning and welcome to the Hudson Institute. I am tim weinstein, president and ceo and im delighted to welcome everyone here this morning. Today as they think everyone in this room knows kicks off a very critical week for the u. S. India relationship. As Prime Minister modi is here in washington for a first meeting with President Trump. Here at Hudson Institute, we are delighted to host a special event hosted on the future of the u. S. India commercial partnership and we are also grateful to our friends at cspan for covering this event live. U. S. India bilateral trade has an estimated 11,420,000,000,000, less than one fifth of the u. S. China 640 billion bilateral trade relationship. India is americas ninth largest supplier of foreign goods and 18th largest export market. The worlds first in the worlds six largest economies respectively, we are hesitant to believe there is significant room for growth. The u. S. India relationship is an important one here at Hudson Institute. Our south asia program, which is directed by former ambassador hussein had connie hussein haqani in the u. S. India japan trilateral relationship for some time now. I was very fortunate to be honored to be included in a briefing with Prime Minister modi during his last visit to washington. We are honored today to have the cochairman of the congressional caucus, Representative George Holding of North Carolina here with us to offer keynote remarks and i will introduce him momentarily. We also have an excellent Panel Moderated by ambassador haqqani who will be joined by kumar, the president of boeing india, danny obrien, the leader transportation at General Electric. Janine schapiro, director at north america and the Vice President or senior Vice President with growth. Allow me not to introduce congressman holding. Congressman Holding Growth in raleigh North Carolina attended Lake Forest University where he was the classics in my insert for an practice law before becoming u. S. Attorney for North Carolina. She is represented for North Carolina 13th Congressional District and was sworn in on january 2017 and serves on the ways and Means Committee. Most importantly for our purposes coming as a coach or the congressional caucus on india. Without any further ado, allow me the honor of introducing representative holding. [applause] all right. Lets get all set up here. Thank you very much. Its a very warm welcome for the opportunity to offer some remarks. Its kind of odd to be here with a panel of actual experts of the u. S. India relations and how we can foster deeper Economic Funds between our two great democracies. Members of congress think we are experts on everything, so you just have to bear with me. I especially like to thank the Hudson Institute and the Indian Industry proceedings the partnership between the india and United States is incredibly important with a super great turnout today. Glad to see we are likeminded. The u. S. India relationship always begins with the dialogue. Ill be the first to admit these conversations are not always easy. When i was in india early this year, for the fourth time there is honesty on the part of concerns about h. One b. Visas. Last week and the ways and means ways and Means Committee read a hearing the trade ambassador and there were some frank discussions about tariffs, price control and medical device. I firmly believe these are conversations we have to have the will submit what i believe will be the defining relationship between our two countries in the 21st century. Before i begin, im sure there are some questions amongst you all about why a member of congress or North Carolina is the cochair of the indian caucus and how that same member got asked to give these remarks today. So, here is a marker for your guide. All politics is local in your constituency in North Carolina, im proud to represent over 20,000 Indian American. That is upwards of 90 in North Carolina are owned by Indian Americans. Now, at head does Prime Minister modis office, eyesight groundswell of support in my district not only for his candidacy, but for reinvigorating the u. S. India relations. And im talking about Indian Americans whove never been involved in the political process in the United States, turned out to events are sought out a representative, but currently you are interested in this country having a better relationship with other countries. It was through them and talking about them, about their desire for robust bilateral relationship that i found myself very interested in the u. S. India policy. Though, i quickly realized the potential that existed in a partnership of all this democracy and a large democracy and i know the oldest largest talking point is one that gets tossed around a great deal, but i always believe that the core of the u. S. India relations and that of course is our shared values reflected by our democracy. It is the mutual recognition that respectfully shared values and the people to people connections maintained by the Indian American communities i believe draws so many members of congress to be such strong supporters of the bilateral relationship and one of the largest caucuses in congress in comparison to other caucuses. As the Prime Minister and the president concluded their first ever in person meeting, very foolish in the future of our relationship. I believe we can build strong gains that weve witnessed over the course of the last few years and continue our progress forward. This visit should allow each leader for great personalities to reinforce why this relationship matters to both sides of the equation but also can express any concern they might have candidly mantoman. Over the course of the trump eric, and even doubt about certain policies. They will find significant areas of cooperation from enhanced security coordination and collaboration will find ourselves wellpositioned for these opportunities. Regardless, its important to remember for many Years Congress has been on the front line of driving the u. S. India relationship. I think even more so because the the engagement with members of congress. I can publicly confirmed today to you all that we have no intention of taking our foot off the gas as far as driving this relationship. Reflecting on just the time during which ive had the privilege of being the cochair of the housesenate caucus, i feel weve made strides in a number of areas. Thats not to say we dont have a lot more work to do, but this is undertaking the extraordinary effort from both sides of the equation. I struggle when i think of a better way to strength in the u. S. India relationship by bolstering businesstobusiness ties. Politics is one thing which has ebbs and flows, the business ties endure. Trading opportunities once established will endure and aside from economic and effect, these relationships with Great American and great Indian Companies, Large Companies and Small Companies will help us whether all the political travails that has significant room for growth in the six largest economies. The goods and services between the u. S. And india just south of 115 billion a year. India is her name trade partner and deficits with respect to goods and services remains for some unnecessarily high especially with exceptional growth. What else can be done to further develop our economic bonds . A member of the trade subcommittee of the ways and Means Committee i can tell you our nations are certainly no stranger to some good discourse as i mentioned earlier with one another at the mbta and continuation of ernest bilateral investment treaties on the back burner for a while but a number of us are urging to get back onto the front earner. The companies they speak with, any trade or investment will be more than welcome to get capital off the sidelines and by giving investors additional confidence to place their money. This would also committee added an assist as taking away the agreement concerning a variety of sectors and industries, specifically technology has an Incredible Opportunity to further integrate our economies and even our government with cybersecurity. It will be the innovation economy to allow the u. S. And india the worlds most Innovative Companies these are staffed with incredibly creative people, talented workforces. They will assist the Prime Minister and realize the visions with india the expertise and resources. If we are able to foster an ecosystem that enables the u. S. And india to become even better partners in technology and the innovative spaces i believe we can relate even greater business and economic insurgencies. We all know about companies that have driven growth, a number of which everyone on this panel is a part of the companies i believe. But theres also such Great Technology and innovative partnerships and energy sectors, some of which are already being realized. I was proud last year, the last congress signed into law but among other things will help bolster the abilities of our governments to develop and share cuttingedge Defense Technology with the nba. It was certainly my aim to encourage additional Code Development initiatives that help us Grow Business opportunities and keep strategic object is along the way. We visited india earlier this year with chairman goodlatte of the Judiciary Committee and with lots of good sessions on how to have a synergy between making india and America First and believe that the two philosophies actually work very well together. This is a positive step for the Strategic Partnership to go further we need to see this fully realized not just in the sharing, the transferring of defense technologies, but further i expect we will also continue to see cybersecurity. The cybersecurity challenges while those in the indian ocean are sharing together. The United States have a significant opportunity with growing demand for stable and Affordable Energy that make an affordable reality and he would immediately have the use of the natural terminal in houston, texas, but in the meantime we need to be prepared to further expand our lab report in the renewable air as these technologies will only increasingly become more important to the energy of our nations. All of this like our bilateral relationship and defense cooperation stands to contribute to the economic success of both of our countries. More importantly, this type of cooperation stance to bring our two nations closer together, which always must be the shared object to have the end of the day. Everything we do must be viewed in the critical relationship for both nations and both of our peoples. The United States is a natural partner in india and india has a very natural partner in the United States. I think it is incumbent upon all of us engaged on this issue and engaged in further bilateral relationship all with the believe in the future that this will be a defining relationship for the new century, that we keep working hard Going Forward. I thank you all very much. [applause] sound not good afternoon. Im haqqani, director for south and central asia here that attendance to two. We are grateful for what we have received in the partnership of the Indian Industry and i would like to ask before we get started, thank you for puttig together this panel. President trump and Prime Minister modi are going to be meeting today. The congressmen in an effort the u. S. India relationship have a defining partnership of the 21st century, a term that has been used by president s of the u. S. In the last couple of decades. In the oped in the wall street journal this morning, Prime Minister modi had values between the United States and india. We all know that while values and interests are a conceptual framework in relationships between nations also have to be measured and they are often measured in terms of how well they do in commercial partnership and trade and industry, which is why we have brought this panel to you today. The secondlargest bilateral trading partner in goods and india is the United States ninth largest blunder will trading partner. Bilateral trade in goods and services in the night dates in india stands at an estimated 114 billion. Around 100 Indian Companies operating united date then have created close to 100,000 jobs here. They have invested more than 15 million in the u. S. Companies have invested 28 billion in india in the last three years. Just to give you a measure, the u. S. India defense equipment trade was 200 million in the year 2000. Today stands at about 15 billion. But as the Worlds Largest and the sixth largest economy, there is room for further growth and the World Bank Report for 2017 on the eve of doing business globally great 230 out of 190 countries. Is there a greater ease of doing business in india, perhaps even more American Companies that had to india, which have held back the relationship in the area of defense, for example, one of the factors of american rules and regulations on export control in the indian desire also to be able to make things in india. Where are we going to see this relationship . The u. S. India commercial partnership and we have an excellent panel today. Representatives from all of those who can be identified as the Major Players in the field of innovation and expansion of commercial ties between the United States and india. Danielle brian from General Electric as the Government Relations leader. In this capacity he is commercial and Public Policy issues. He is a longtime adviser in the u. S. Senate chief of staff to three senators in the manage the policy Communications National leaders and now hopefully well be playing a crucial role in the expansion of these engagements with india. Then, we have liberal just to my right. The senior Vice President at woodrow in the Silicon Valley in california. Hes the leader of new age business with focuses on firmwide x gross state funds by Venture Capital fund and the opposed ipo stage of a mobile platform. None of this means anything to me because i am not as technology converse of that most people might be. The people who are watching this discussion on cspan will be totally impressed. Im going to leave here and go to market transformation across the hall. He has the responsibility of Business Operations and mix ending and i will talk about that in just a minute. Then we have in the middle James Shapiro who is the resident director in north america. He manages north americans responsible for assisting the region in the areas of Government Affairs community relations, academic partnerships, sustainability and development in most of you in this room but no Lockheed Martin and manufacturing. Our fifth speaker is on its way and told. He is the president of india in these running late. That is not in any way a commentary. He arrives on time most of the time. Hes the Vice President and also serves as managing your india. Hes based in new delhi and he is going to integrate and advance the committees in india across the business unit. Before we get started on a discussion, just a very quick rundown on the panel in their business interests in relation to india. She has doubled its investment in delivered over the last five years. New investment in manufacturing listed 230 million in 2006 have a factor of 200 million fact three in india to play Something Like dirt team to 15,000 people in india. Boeing investm