Forum to leverage the power of private sector in India, the US and Japan.
The US Chamber of Commerce's US-India Business Council (USIBC) along with US-Japan Business Council, has launched an Indo-Pacific Trilateral Infrastructure Forum that will work to find new, creative and efficient ways of leveraging the power of the private sector in India, the US and Japan to fill the massive gap in infrastructure and connectivity in the region.
Representatives from companies of the private sector from the three countries attended the launch.
The Indo-Pacific Trilateral Infrastructure Forum is a private sector platform that seeks to partner with some government initiatives.
Media reports quoted Nisha Desai Biswal, the president of the USIBC, as saying that the United States, India and Japan have a government-to-government trilateral, which is focussed on infrastructure,.
Biswal said that the US Chamber of Commerce wants to create a private sector counterpoint that can help bring in more private companies, whether infrastructure companies, finance companies, operators, or maintainers into the conversation.
"We decided to launch this Indo-Pacific Trilateral Initiative at the US India Business Council because it is important that we find new, creative and efficient ways of leveraging the power of the private sector in all three countries to meet what I think is a very critical need, which is this massive gap in infrastructure and connectivity," Biswal told PTI after the formal launch of the Forum.
Biswal added that it was essential to engage on the geo-economics of Asia If they want to be relevant to the geopolitics of Asia. “So, the United States, India and Japan bring very powerful tools that are both government, but also increasingly the private sector that can help do that," Biswal said.
Biswal has served as the Assistant Secretary of State for South and Central Asia in the previous Obama Administration.
Biswal added that the Forum was looking at projects in which private sector members can engage on some of these public private frames.
(Source: Economic Times, media reports)