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Newsletter March- April 2018 Part 1.FH10 Vol 12 | No. 4 March, April 2018 Dear Member, 10th April, 2018 May I take this opportunity to wish you Subho Noboborsho! a most thought-provoking and in fact, challenging subject New India a Narrative. The Chamber also did a first, in organising As we have commenced a new financial year, this is the time for a four day long HealthTech Summit, a one of its kind initiative in all of us, in our respective organisations, to put in operation the Eastern India. The chamber added feather to its glamour quotient plans that we have developed for the year ahead. We all are by celebrating Ratnagarbhas on International Womens Day. looking forward to a better and brighter 2018-19. The Chambers signature Corporate Golf Event happened with its customary flair and finesse while continuing with its regular Your Chamber is also facing a similar task. Past year the Bengal interfaces/seminars/workshops as the newsletter will unfold. Chamber broke new grounds in many areas. While such activities will continue, the Chamber will also unlock newer value added Your Chamber has worked its way through six most happening services,that it shall offer to its constituents. Our Engagement months since the last AGM in mid-September 2017. The first few with various agencies of the Government and civil society, as months of the current year have been most exciting and even as well as the academia, is set to deepen and many new windows I write, many more programmes, activities and projects are being of engagement would also be opened. unfurled. We have had the greatest of good fortune of having your guidance, support and most importantly your involvement In the past couple of months, many significant events happened in our multifarious activities. We look forward to your continued in the Chamber. The Chamber heard Dr. Sashi Tharoor, an goodwill and counsel as we go ahead. illustrious author, politician, and a former civil servant, talk about Sd/- C S Ghosh President Welcome to the Bengal Chamber family! Thats what we would like to convey to Prime On-line Pvt. Ltd.; Senco Gold Limited; Shyam Steel Industries and Tax Connect Advisory Services LLP whose applications for membership were tabled and approved by the Managing Committee at its meeting on 13th February 2018. NEWS FLASH On Saturday, 24th February 2018 at The Oberoi Grand, Kolkata, the Ambassador of Norway, His Excellency Nils Ragnar Kamsvåg presented the Decoration of Officer of The Royal Norwegian Order of Merit conferred on Consul Nayantara Palchoudhuri by His Majesty The King of Norway. The Bengal Chamber takes this opportunity to express our delight and extend our heartiest congratulations to Hon. Consul of Norway, Ms. Nayantara Palchoudhuri. Second from right, Hon. Consul of Norway, Ms. Nayantara Palchoudhuri. Ambassador of Norway, His Excellency Nils Ragnar Kamsvåg and Mrs. Josephine Kamsvåg are at left of the picture. INTERACTIVE SESSION WITH UNITED STATES AMBASSADOR 7th February 2018, TO INDIA, H.E. KENNETH I. JUSTER Chamber premises The Bengal Chamber of Commerce and Industry, in association to strengthen both countries and have a beneficial impact on with the American Chamber of Commerce, Eastern Region the region. Promotion of economic connectivity through chapter, and the U.S. Consulate General, Kolkata organized private sector-led growth, free and fair trade, use of responsible an Interactive session with the 25th United States Ambassador debt-financing practices, and the transparent development to India, His Excellency Kenneth I. Juster on 7th February 2018 of infrastructure. Preserving regional stability and security, at 2.30 p.m. in the Chamber premises. preventing proliferation of weapons of mass destruction and eliminating the scourge of terrorism were all being aimed at. Ambassador Juster was accompanied by Mr. Craig Hall, Consul General of the US Consulate General Kolkata and Mr. Jonathan The Ambassador believes that a strong foundation for strategic T. Ward, Principal Commercial Officer, US Commercial Service, partnership that can have a significant positive impact on the US Consulate General Kolkata. 21st century and beyond had been laid and it is time now to build upon this partnership, make it durable and bring about The session was opened by Mr. B. B. Chatterjee, Senior Vice remarkable economic rise of the region. It is believed that President, The Bengal Chamber of Commerce and Industry Indo-Pacific was increasingly a place of peace, stability and by delivering the formal Welcome Address. Mr. Debdas Sen, growing prosperity, rather than one of disorder, conflict, and Chairman, AmCham Eastern Region, moderated the session. predatory economic policy. Cooperation in defense and Mr. Deb A Mukherjee, Vice President, The Bengal Chamber counter-terrorism has been a key pillar of Indo-US partnership, of Commerce and Industry formally closed the session with he said. The US sought to assist Indias efforts to build up its Vote of Thanks to The Ambassador. Mr. Gulshan K. Sachdev, indigenous defense capabilities, as well as enhance the inter- Vice Chairman, AmCham National Executive Board was also operability of the two forces as major defense partners in the part of the Session. Indo-Pacific region. The US Ambassador to India, H.E. Justers speech primarily The US sought to pursue the same strategic policies on its centered around two areas: economic relationship that it had applied to its defense (1) The US Governments Indo-Pacific Strategy and relationship. While India was in the midst of an economic (2) Bilateral economic relationship which he emphasized is surge as it integrates fully in the global economy, the US trade the cornerstone of Indo-US strategic partnership. and investment relationship with India also continues to grow. Bilateral grade has gone up from USD 20 billion in 2001 to He mentioned that The US Indo-Pacific strategy reflected the USD 115 billion in 2016.There was plenty of room to expand growing range of shared interests between the two countries these numbers by increasing flow of goods and services in and it was a natural complement to Indias Act East Policy. both directions. He said America First and Make in India It was vital that the Indo-Pacific region continued to be free are not incompatible. Rather, investing in each others markets and open. The US-India strategic partnership was designed will be mutually beneficial as it will increase economic 7th February 2018, INTERACTIVE SESSION WITH UNITED STATES AMBASSADOR Chamber premises TO INDIA, H.E. KENNETH I. JUSTER interactions and volume of trade, lead to collaboration on The Ambassador felt that the defense sector provides ample emerging technologies and create jobs in both countries. opportunities for the two countries as Indias defense needs are vast and because the US as a global leader in developing India could now seize the strategic opportunity through trade advance military technology is committed to enhancing Indias and investment, to become a major hub for US business in security. Indias digital economy, digital services and healthcare the Indo-Pacific region. Continued reforms and trade industry and environmental technology is expected to grow liberalization will enable India products to more readily become many fold and the US is ready to adhere to these sectors. US part of the global supply chain, thereby accelerating job Technology can also help India address its food security and creation. agricultural concerns. He also mentioned about Travel, Tourism and Education sectors which play critical role in Indo-US trade The US Ambassador enumerated a number of merits that US- relationship. India bilateral relations would have in the long run some of Another important area which the Ambassador touched upon which are as follows: was about the US business presence in Eastern India which he considered as an important part of the overall picture. · America is a leader in entrepreneurship and innovation, There were close to 200 American companies operating here and already has extensive linkages with India in the in various sectors with companies such as Cognizant and IBM, technology sector. Opening Indias market further to U.S. food processing, chemicals and petrochemicals etc. US trade and investment will spur the collaboration on many companies were also involved in engineering, automotives, emerging technologies that will drive and protect the two life science, banking, insurance, consumer products etc. all of economies, including those related to advanced which were examples of enormous potential of mutually manufacturing and cyber security. beneficial economic relationship. · Greater US trade and investment, combined with a strong environment protecting intellectual property could lead The Ambassador stated that while both India and the US to increased flows of capital and further sharing of cherish their independence and sovereignty, the true value intellectual know-how. of the partnership is that it can better enable each country · Opening Indias market further to the US trade and to positively influence global affairs and achieve their investment will spur collaboration on many emerging aspirations for the security and prosperity of its people. technologies that will drive and protect both economies including those related to advanced manufacturing and cyber security. · Increased flow of capital and sharing of intellectual know- how through greater US trade and investment combined with strong environment protecting intellectual property. · Private sector investment in improved infrastructure and overall connectivity to get stimulated through increased openness to US goods and services and expanded presence of US companies in India. · The US shall try to enhance their efforts to promote connectivity within South Asia and are coordinating with India on financing for regional infrastructure projects to develop one of the least economically integrated regions of the world. · Increased heft in the overall economic relationship would necessarily provide a broader and deeper, long term U.S. Mr. B. B. Chatterjee, Senior Vice President, The Bengal Chamber commitment to India and the Indo-Pacific region.
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