U.S. Agency for International Development (USAID) and the American Chamber of Commerce in India (AMCHAM India) have signed a Memorandum of Understanding (MOU) to partner for India’s Development. This will lead to strengthen the growing partnership between the U.S. Government and U.S. private sector to address India’s development needs.
As agreed under the partnership, USAID will identify and share innovations that benefit the base of India’s population pyramid, while AMCHAM India will explore integrating its member companies’ corporate social responsibility funding with USAID/India’s programs. A total of 312 U.S. companies are members of AMCHAM India.
Highlighting the need for this partnership, Mark Anthony White, USAID Mission Director to India, said, “The signing of this MOU not only demonstrates our common desire to address India’s development issues, but also our willingness to collaborate in areas of common interest. Our relationship with AMCHAM has been nurtured in numerous ongoing projects between USAID’s implementing partners and U.S. companies.”
The announcement comes the same day as the launch of the high-level Indo-Pacific Business Forum in Washington, D.C. which will bring together key U.S. Cabinet Secretaries and senior leaders from government and business to discuss how government tools and policies can facilitate private sector partnerships to unleash the full potential of the Indo-Pacific region, including supporting India’s rise as an important power in a free and open Indo-Pacific.