AMCHAM Update...Navy Working Group, Airforce Working Group, Aircraft Working Group and Other Working Group, with specific leads to take up the discussions on behalf of the U.S. Government

September 2018 | Vol VII | Issue 2AMCHAM - The Voice of American Business in India

• U.S.DefenseIndustryEngagementwithMs.EllenM.Lord,UnderSecretaryofDefenseforAcquisitionandSustainment(A&S),U.S.DepartmentofDefense

• RoundtableDiscussionontheU.S.–India2+2DialogueonDiplomaticandDefenseCooperation

• InteractionwithMr.GilbertKaplan,UnderSecretaryofCommerceforInternationalTrade,U.S.DepartmentofCommerce

• MeetingwithLieutenantGeneralCharlesHooper,Director,DefenseSecurityCooperationAgency

• MeetingwithAmbassadorKennethJuster,U.S.AmbassadortoIndia

• BreakfastMeeting–ProtectionofLifeandPropertyinChennai

HIGHLIGHTS

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Contents7

U.S.DefenseIndustryEngagementwithMs. Ellen M. Lord, Under Secretary ofDefenseforAcquisitionandSustainment(A&S),U.S.DepartmentofDefense

11NationalExecutiveBoardMeeting

145th Anti-Corruption Compliance andRiskManagementMasterClass

17Roundtable Discussion on the U.S. –India 2+2 Dialogue on Diplomatic andDefenseCooperation

28Meeting with Ambassador KennethJuster,U.S.AmbassadortoIndia

21Industry Visit to Dow India TechnologyCentre–AnInitiativeoftheSupplyChain&LogisticsCommittee

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NATIONAL EXECUTIVE BOARD 2017-18

Office Bearers

Chairperson

Mr. Krish Iyer President and CEO Wal-Mart India Pvt. Ltd.

Vice Chairmen

Mr. Arun M. Kumar Chairman and CEO KPMG in India

Ms. Kaku Nakhate President & Country Head (India) Bank of America N.A.

Hon. Secretary & Treasurer

Mr. Atul Dhawan Partner Deloitte Touche Tohmatsu India LLP

Board Members

Ms. Rekha M. Menon Chairman and Senior Managing Director Accenture Services Pvt. Ltd.

Mr. Amit Sharma Executive Vice President and President Asia ATC India

Mr. V. Laxmikanth Managing Director Broadridge Financial Solutions (India) Pvt. Ltd.

Mr. Ramkumar Ramamoorthy Executive Director, India Cognizant Technology Solutions

Mr. Arun Kumar Jain Managing Director Fluor Daniel India Pvt. Ltd.

Mr. Karanjit Singh Bajwa Managing Director and Regional General Manager India & South Asia IBM India Pvt. Ltd.

Mr. Phil Shaw Chief Executive Lockheed Martin India Private Limited

Mr. Gulshan Kumar Sachdev Managing Director Quaker Chemical India Limited

Mr. Shashidhar Reddy Vice President – Engineering Qualcomm India Pvt. Ltd.

Mr. Mahesh Krishnamurti Managing Director RGP India Private Limited

Mr. Iqbal Sait Head of EMEA Operations Saggezza Inc.

Mr. Paresh Shah Senior Vice President & General Manager - India Syniverse Technologies Services India Pvt. Ltd.

Mr. Debdas Sen CEO TCG Digital Solutions Pvt. Ltd.

Mr. Arijit Ghosh President & Managing Director Textron India Pvt. Ltd.

Mr. Sanjay Koul Chairman & Managing Director Timken India Limited

Mr. Rajan Aiyer Managing Director - GM, SAARC Region Trimble Information Technologies India Pvt. Ltd.

Mr. Palash Roy Chowdhury Managing Director – Pratt & Whitney Board of Director – UTCIPL United Technologies Corporation

Immediate Past Chairman:

Mr. Pratyush Kumar President Boeing India

Honorary Members

Mr. Robert Garverick Economic, Environment, Science and Technology Affairs U.S. Embassy

Ms. Aileen Nandi Acting Minister Counselor for Commercial Affairs U.S. Embassy

Special Invitee

Mr. C. R. Dua Chairman Dua Associates

At theoutset, Iwould like tocongratulate theGovernmentof India for thecommendableGDPgrowthof8.2%, thehighestintwoyears.Severalsectorsregisteredgrowthofover7%andthoseincludemanufacturing,electricity,gas,watersupplyandotherutilityservices,construction,publicadministration,defenceandotherservices.Iamconfidentwewillcontinuetosoar.

ForAMCHAM,Septemberhasbeenanintensemonth,frombothengagementsandoutcomeperspectives.Iamhappytosharehighlightswithyouall.

Thismonth,IndiasawoneofthebiggeststrategicdevelopmentsintheU.S.-Indiarelationship.Therecentlyconcluded2+2DialoguewasheldforthefirsttimewiththeForeignandDefenceMinister,withtalkscommittingto“strengthendefence ties further and promote better defence and security coordination and cooperation.” COMCASA, theCommunicationsCompatibilityandSecurityAgreement,wasfinalizedtoenablegreaterinteroperabilitybetweenthetwocountries,therebyenhancingintelligenceandinformationsharing.ThepaneldiscussionwithObserverResearchFoundation(ORF)tofocusondiplomaticanddefensecooperationwasmeaningfulandtimely.

Indiabecameeligible forStrategicTradeAuthorizationTier-1 licenseexemptionand therewere talksofexpanding/facilitatingtradeandimprovingmarketaccess.

Lieutenant General Charles Hooper, Director, Defense Security Cooperation Agency, met AMCHAM’s DefenseCommitteemembersinhisfirstindustryengagementafterthe1+1and2+2U.S.–IndiaDialoguesandhighlightedthepositiveengagementsbetweenSECDEFGeneralMattisandRakshaMantriNirmalaSitharamanduringthe1+1engagement.

InaninteractivesessionwithMr.GilbertKaplan,UnderSecretaryofCommerceforInternationalTrade,U.S.DepartmentofCommerceandMs.DianeFarrell,DeputyAssistantSecretaryforAsia,membersdiscussedtrade-relatedchallengesacross sectors, healthcare, Make in India, transfer of technology, exports, tariffs, medical devices, trade marginrationalizationandstandards,amongothertopics.

Meanwhile,AMCHAM,initseffortstobringtogetherindustryleaderstoacommonplatformtodiscussvariousissuesandcarveoutplans,announcedthelaunchoftheDiversityandInclusion(D&I)Committee.Asignificantstepaswetrulybelievethatdiversityisaharbingerofgrowth.Iurgeallmemberstosupporttheinitiative.

The Anti-Corruption & FCPA Compliance Committee organized its annual signature event, 5th Anti-Corruption Compliance and Risk Management Master Class.Thiseventbroughttogethermemberstounderstandrecenttrends,theireffectoncorporatecomplianceprograms,andtheeffectsoflegislationsonbusiness,intheglobalscenario.

TheAMCHAMCSRCommitteealsocametogethertodiscussfuturecollaborationwithUSAID.Inthesamemeeting,Mr.PankajKamaliya,ChiefOperationsOfficer,GujaratCSRAuthority,GovernmentofGujarat,sharedbestpracticesofitsCSRinitiative.

Wearenowlookingforwardtothe12thbiennial'AeroIndia2019’,whichwillbeheldinBengaluruinFebruary2019.Bestoflucktoallforasuccessfulshow.

ThankyouandIwishmanymoresuccessesintheU.S.-IndiarelationshipaswecontinuetocreatesharedvalueinIndia.

Chairperson's Message

Krish IyerChairperson, AmChAm

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Issue 2September 2018

Defense Committee Meeting

DELHI

AMCHAM’sJulyDefenseCommitteemeetingwasheldon 12th July 2018 in New Delhi. Guest speaker, Mr.LaxmanKumarBehera,ResearchFellowattheInstitutefor Defence Studies and Analyses (IDSA), joined the

meeting and discussed the MoD budget scenario atlengthwithmembers.ThecommitteealsodiscussedtheupcomingUSGdefensevisitsandstatusofUSGdefensepolicies.

Meeting with Dr. Ajay Kumar, Secretary Defence Production, Department of Defence

AMCHAM’sDefenseCommitteemetwithDr.AjayKumar,SecretaryDefenceProduction,DepartmentofDefence,Ministry of Defence, Government of India, at his officeon18thJuly2018.Dr.KumarbriefedthegroupabouthisdialoguewithhisU.S.counterpartMs.EllenM.Lord,UnderSecretary of Defense for Acquisition and Sustainment(A&S),U.S.DepartmentofDefense,duringtheDefense

Technology and Trade Initiative dialogue. He conveyedhispleasureatthealignmentandpositivemovementofthedialogueandinformedtheteamoftheprogressbeingmade in the ISA. The group also discussed the inputsAMCHAMhadprovidedonthedraftoffsetguidelinesthatwerereleased,theclausesontheDPP2018policyandoffsets.

Briefing Session for Medical Devices Committee with U.S. Embassy Officials

On 18th July 2018, a small small group of AMCHAMmembers from the Medical Devices Committee metwith U.S. Embassy officials under the Chairmanship ofMr. Prabal Chakraborty, Chairman – Medical DevicesCommittee,AMCHAMandVicePresidentandManagingDirector, Boston Scientific India. The purpose of themeetingwas tobriefEmbassyofficialsonkey issuesofthemedicaldevices industryandseek their support forresolution of the same. AMCHAM also requested for aquarterly interaction between members and Embassyofficials.

Key topics of discussion included trade marginrationalization, pricing and regulatory challenges.

Other members present included Mr. Vibhav Garg,Vice President, GE, Mr. Amit Kumar Singh, Director– Government Affairs, India Medtronic and Mr. VivekMalhotra, Manager, Regulatory Affairs, Stryker. Officialsfrom the Embassy included Ms. Aileen Nandi, ActingMinister Counselor for Commercial Affairs, Mr. GregoryTaevs, Commercial Consul, Mr. Chad Norberg, Tradeand Technology Unit Chief, Mr. Darrel Ching, PrincipalCommercial Officer, Dr. Vid Nukala, Senior Advisor,BiomedicalScience&TechnologyandHealth,Ms.ShilpiJha,USPTO,Ms.BhavnaVishwakarma,Sr.CommercialSpecialistandMs.ParulDedeja,CommercialSpecialist.From AMCHAM, Mr. Gaurav Mendiratta joined themeeting.

Tax and Tariff Committee Meeting

ThefirstmeetingofAMCHAM’sTaxandTariffCommitteewasheldon18thJuly2018intheEYofficeinGurugram.Ms. Garima Pande, Chairperson of the Committeeand Partner – Tax & Regulatory, EY, in her welcomeobservationssaidthatGSTwillcontinuetobeasubjectofdiscussionforthiscommitteealongwiththenewdirecttaxcodeandglobaltaxreforms.

During themeeting, three presentationsweremade asfollows:‘RegulatoryUpdates–FEMA&SEZ’byMr.RajivChugh, Partner & Regulatory Practice Leader – India,Ernst & Young LLP, ‘Impact of BEPSAP 5, 6& 7 postsigningofML1’byMr.PrashantKhatore,Partner,EYand‘Goods and Services Tax – AMCHAMSurvey Findings& Latest GST Developments’ byMr. Kunal Chaudhary,Partner,EY.

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Mr. Sandeep Chaufla, Co-Chairman of the Committee,and Partner – Corporate & International Tax,PricewaterhouseCoopersPvt.Ltd.,inhisclosingremarks,

U.S. Defense Industry Engagement with Ms. Ellen M. Lord, Under Secretary of Defense for Acquisition and Sustainment (A&S), U.S. Department of Defense

On 19th July 2018, AMCHAM hosted Ms. Ellen Lord,Under Secretary of Defense for Acquisition andSustainment(A&S)andherdelegationforacloseddoor

interactivesessionwithU.S.defenseindustryparticipationduringhervisittoIndiafortheDefenseTechnologyandTradeInitiativedialogue.

(L-R)BGDavidBrigham,DefenseAttache,U.S.Embassy,Dr.AugustusFountain,DeputyChiefScientist,OfficeoftheDeputyAssistantSecretaryoftheArmy(Research&Technology)andCo-ChairJWGOS,Mr.MatthewWarren(SES),ActingDirector,InternationalCooperationandCo-ChairDTTIInteragencyTaskForce(DIATF),Ms.EllenLord,UnderSecretaryofDefense(AcquisitionandSustainment)andCo-ChairDTTIGroup,Mr.MichaelKoch,Chairman-DefenseCommittee,AMCHAMandVicePresident,BoeingDefense,IndiaandMs.MadhviKataria,DeputyDirectorGeneral

Ms.EllenM.Lord,UnderSecretaryofDefenseforAcquisitionandSustainment(A&S)andCo-ChairDTTIGroupwithMr.MichaelKoch,Chairman-DefenseCommittee,AMCHAMandVicePresident,BoeingDefense,India

said that theGST journey has been great, thingswereshapingupwellalthoughtherewasalongwaytogo.

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Ms. Lord and Mr. Matthew Warren, Acting Director,InternationalCooperationhadcandidconversationswiththegroupon their engagementwith her counterpart atthe DTTI dialogue, about the restructuring of the DTTIJointWorkingGroupsinto5groupsdownfrompreviously8 JointWorkingGroups, namely ArmyWorkingGroup,Navy Working Group, Airforce Working Group, AircraftWorkingGroupandOtherWorkingGroup,withspecificleads to take up the discussions on behalf of theU.S.Government. DTTI Joint Working Groups were earlierbased on projects but with the restructuring they havebeenstreamlinedintodomainworkinggroups.

They also updated the group on the objectives of the

NationalDefenseStrategy,which amongst other items,focusesonstrengtheningalliancesandpartnershipandformulating business cases. It was mentioned that theIndianEmbassyinWashingtonwasconsideringplacingan individual inWashingtonD.C. toonly focusonDTTIandenablefacilitation.

Theyalsourgedindustrytoprovideinputsonsignificantbusinesscasesthatcouldbeadoptedandsignificantroadblocksthatcompanieswerefacingtotakemattersupfordiscussions.Theyalsorequestedforproposalsoninputson behalf of industry that the U.S. Government couldprovide to the Government of India for better DefenceTechnologyandTradeInitiativedialoguesinthefuture.

Cyber Security Committee Meeting

AMCHAM India held its firstCyberSecurityCommitteemeeting for the year 2018-19 on 24th July under theChairmanshipofMr.RakeshKharwal,CountryLead,IBM.Membersdiscussedkeyissuesarounddatalocalization,U.S. Cloud Act, Preferential Market Access in cyber

securityproducts,skillsetincybersecurityandartificialintelligence. After consolidating inputs from members,the committee would raise concerns to the relevantstakeholdersinthegovernment.

Pharmaceuticals Committee Meeting

AMCHAMmembers of the Pharmaceuticals Committeemeton25thJuly,2018attheMSDofficeinGurugram.Themeetingwas chaired byMr. Sanjiv Navangul, Chairman–PharmaceuticalsCommittee,AMCHAMandManagingDirector, Janssen andMs. JyotsnaGhoshal,Co-Chair –Pharmaceuticals Committee, AMCHAM and ExecutiveDirector,PublicPolicyandCorporateAffairs,MSD.OthermemberspresentincludedMr.VivekVasudevKamath(viavideoconferencing),MD,MSD,Mr.DibakarBhattacharya,

Director Corporate Affairs and PRA, Eli Lilly, Ms. PriyaHingorani,VP,Janssen,Mr.Sampathkumar,Director,ParFormulations, Mr. Balinder Singh, Dua Associates, Mr.RajiiChibber,AssociateDirector,MSD,Ms.NahidZaman,Assistant Manager, MSD and Mr. Rajiv Arora, SeniorManager,MSD.Mr.ChadNorberg,TradeandTechnologyUnit Chief, U.S. Embassy, and Ms. Komal Kalha (viaphone),USPTOfromtheU.S.Embassyjoinedthemeeting.AMCHAMwasrepresentedbyMr.GauravMendiratta.

AMCHAMmembersduringtheinteraction

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Members deliberated and suggested their ideas onreviving the committee, which has struggled to getparticipation frommembers in the past and agreed toleverage the AMCHAMplatformwhich enjoys a strongconnectionwiththeU.S.Embassy.ItwasalsosuggestedtostrengthentheengagementwiththeU.S.EmbassyandincreasethefrequencyofinteractionsofmembersandtheEmbassy.ThecommitteedecidedtoworkonincreasingthemembershipofthecommitteebyreachingouttoU.S.basedcompaniesnotyetmembersofAMCHAM.

Membersalsotooktheopportunitytohighlightconcernsregarding issues such as clinical trials and IPR relatedissuesanditwasdecidedthatAMCHAMcouldfocusonthese two issues for advocacy with the government. Itwasalsodecidedtocreate3sub-groupsnamely–clinicaltrials,IPRandpricingwhichwillstarttoworkonapositionpaperforeachoftheshortlistedareas.Mr.ChadNorbergsharedanupdateontheongoingbilateraltalksbetweenIndiaand theU.S.aswellasEmbassyengagementonseveralissueswiththeirIndiancounterparts.

The Pharmaceuticals Committeemeeting chaired byMr. Sanjiv Navangul, Chairman – Pharmaceuticals Committee, AMCHAM andManagingDirector,JanssenandMs.JyotsnaGhoshal,Co-Chair–PharmaceuticalsCommittee,AMCHAMandExecutiveDirector,PublicPolicyandCorporateAffairs,MSD

AmeetingofAMCHAM'sPharmaceuticalsCommitteeinprogressattheofficeofMSDinGurugram

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AMCHAM'sPharmaCommitteemeetingunderthechairmanshipofMr.SanjivNavangul,Chairman–PharmaCommittee,AMCHAMandManagingDirector,JanssenandMs.JyotsnaGhoshal,Co-Chair–PharmaCommittee,AMCHAMandExecutiveDirector,PublicPolicyandCorporateAffairs,MSD

Defense Committee Meeting with Mr. Rajib Kumar Sen, Economic Advisor and In-Charge, DOMW

AMCHAM’s Defense Committee met with Mr. RajibKumar Sen, Economic Advisor and In-Charge,DOMW,on26thJuly2018,forfurtherdiscussionsonAMCHAM’srecommendationssubmittedontherequestforcommentson thedraftmodifications toDefenceOffsetGuidelineson15thMay2018.

Mr. Sen clarified that the thrust of the new guidelineswould be on investments as proposed in the draftcirculated earlier with focus on special projects, joint

venturesaswellas funds.Whileupdatingthegrouponthe key aspects of the newpolicy being structured, heassuredthatthesuggestionssent inbyAMCHAMwerealsoconsideredwhileformulatingthenewpolicy.HealsoofferedAMCHAMtocomebackwithmoreobservationsandcommentsoncethepolicywasrolledoutpreferablyby nextmonth.He agreed that therewere functionalityissues in the electronic submissions and these werebeingworkedupon.

Pharmaceuticals Committee Meeting with U.S. Embassy Officials

AMCHAM’s Pharmaceuticals Committee met with U.S.Embassyofficialson3rdAugust2018attheLeelaPalace,NewDelhi.ThemeetingwaschairedMr.SanjivNavangul,Chairman–PharmaCommittee,AMCHAMandManagingDirector,JanssenandMs.JyotsnaGhoshal,Co-Chair–Pharma Committee, AMCHAM and Executive Director,PublicPolicyandCorporateAffairs,MSD.U.S.Embassyofficials present included Mr. Darrel Ching, DeputyMinister Counselor for Commercial Affairs, Ms. KomalKalha,SeniorCounsel,U.S.Patent&TrademarkOffice,Dr. Vid Nukala, Senior Advisor – Biomedical Science& Technology and Health, Office of Global Affairs(OGA),HealthandHumanServices(HHS),Ms.BhavnaVishwakarma,CommercialSpecialistandMs.ShilpiJha,

U.S.Patent&TrademarkOffice.

The objective of the meeting was to discuss continuedcollaborationbetweenU.S.industryandtheU.S.Embassyregarding pharma. Some of the topics discussedincludedDPCOguidelines,differencebetweenscheduledformulations and non-scheduled formulations, IPR(notification,compulsorylicensingandworkingofpatents),clinicaltrials(strongregulationsforeffectiveCTenvironmentmeeting global standards), pricing and AayushmanBharat,amongothers.Thecommitteedecidedtopreparea paper on TICFA (Trade and Investment CooperationForumAgreement–anagreementbetweentheU.S.andBangladesh)tosubmittoUSPTO.

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National Executive Board Meeting

The secondmeeting of AMCHAM’s National ExecutiveBoard was held on August 10th, 2018 in New Delhi,under the chairmanship of Mr. Krish Iyer, Chairperson,AMCHAMIndiaandPresident&CEOWalmartIndia.The

HonoraryPresidentofAMCHAM,AmbassadorKennethJuster,addressed theboardon thecurrentstateof theU.S.–Indiarelationship.

(L-R)Ms. RekhaMenon,Chairman and SeniorManagingDirector, Accenture in India,Mr. RobertGarverick,Minister Counselor forEconomic,Environment,ScienceandTechnologyAffairs,U.S.EmbassyandMr.MattIngeneri,EconomicOfficer,U.S.Embassy,attheNEBmeeting

(L-R)Ms.RanjanaKhanna,DirectorGeneralCEO,AMCHAM,Mr.KrishIyer,Chairperson,AMCHAMandPresident&CEO,WalmartIndia,AmbassadorKennethJuster,HonoraryPresidentofAMCHAM,Ms.KakuNakhate,ViceChairperson,AMCHAMandPresident&CountryHead(India),BankofAmericaN.A.andMr.ArunKumar,ViceChairman,AMCHAMandChairman&CEO,KPMGinIndia

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(L-R)Mr. Gulshan Sachdev,Managing Director, Quaker Chemical India Limited,Mr. Atul Dhawan, Honorary Secretary & Treasurer,AMCHAMandPartner,Deloitte,Mr.PratyushKumar,ImmediatePastChairman,AMCHAMandPresident,BoeingIndia,Mr.PalashRoyChowdhury,ManagingDirector–Pratt&WhitneyandMr.PhilShaw,ChiefExecutive–India,LockheedMartinIndia

(L-R)Ms.RanjanaKhanna,DirectorGeneralCEO,AMCHAM,CaptainDanielFillion,Chief,OfficeofDefenseCooperation,U.S.EmbassyandMs.UdayaArun,Director–Aerospace&Defense,AMCHAM

Meeting with Mr. Kunal Kumar, Joint Secretary, Ministry of Housing and Urban Development and Mission Director, Smart Cities Mission

The core committee of the AMCHAM’s Infrastructureand Smart Cities Committee, along with Ms. MadhviKataria, Deputy Director General, AMCHAM and Mr.Debasish Roy, Program Director, AMCHAM, met Mr.Kunal Kumar, Joint Secretary, Ministry of Housing andUrbanDevelopment andMissionDirector, SmartCitiesMission on August 14th, 2018. The Mission Directorkindly gave AMCHAMan hour to express four specificpointsthatAmericancompanieswerefacingashurdles

inbiddingforRFPsacrossthecountry.HewasgratefulthatAMCHAMhasbroughtforththeseproblemsindetailso that his Ministry can address them as quickly aspossible.HealsoagreedtoattendaCEOsmeetastheAMCHAM annual summit to understand capabilities ofvariouscompaniesintheInfrastructureandSmartCitiesCommittee.HeencouragedAMCHAMtosendinwritingallproposalsenvisaged tomake thePM’sSmartCitiesMissionmoresuccessfulinlesstime.

Meeting with Captain Daniel Fillion, Chief, Office of Defense Cooperation (ODC), U.S. Embassy

Ms.RanjanaKhanna,DirectorGeneralCEO,AMCHAMandMs.UdayaArun,Director –Aerospace&Defense,AMCHAM,metwithCaptainDanielFillion,Chief,Officeof Defense Cooperation at his office on August 20th,2018. Captain Fillion was briefed about AMCHAM andin particular the AMCHAMDefense Committee and itsachievements.Hewasalsorequestedtosharehisviewson theU.S. – Indiadefensepartnership andupcomingUSGdelegationvisitsandmeetings.

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Defense Committee Meeting

AMCHAM’s Defense Committee met at the office ofBAE Systems on August 21st, 2018 and discussedvarious issues ranging over the U.S. – India defensepartnership. Captain Daniel Fillion, Chief, Office ofDefense Cooperation (ODC), U.S. Embassy, joined the

meeting. Members introduced themselves and posedquestions.Theteamdeliberateduponthecurrentstatusand implications of COMCASA, CAATSA, STA-1, 2+2dialogue,AeroIndiaandupcomingUSGvisits.

AMCHAM'sDefenseCommitteemeetinginprogresswithCaptainDanielFillion,Chief,OfficeofDefenseCooperation,U.S.Embassy,speakingtomembers

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Mr.RobertGarverick,MinisterCounselorforEconomicAffairsand Environment, Science and Technology, U.S. Embassy,deliveringthespecialaddressatAMCHAM'sAnti-CorruptionComplianceandRiskManagementMasterclass

Mr.SuhelDaud,AssistantLegalAttaché–FBI,U.S.Embassy,spokeabout the ‘ChallengesFacedbyLawEnforcement intheDigitalAge’

5th Anti-Corruption Compliance and Risk Management Master Class

The 5th Anti-Corruption Compliance and RiskManagementMasterClasswasorganizedbyAMCHAM’sAnti-Corruption&FCPAComplianceCommitteeatHotelLe-Meridien, New Delhi on August 29th, 2018. Thewelcome address was given by Ms. Madhvi Kataria,DeputyDirectorGeneral,AMCHAMfollowedbyMs.RitikaRatti,Chairperson–Anti-Corruption&FCPAComplianceCommittee,AMCHAMandSeniorDirector,ChiefEthics&ComplianceOfficer&HeadofAnti-Corruption,WalmartIndia,who introduces the themeandgaveanoverviewof the sessions. The special addresswas delivered byMr. RobertGarverick,Minister Counselor for EconomicAffairsandEnvironment,ScienceandTechnology,U.S.Embassy.

Insession1,thepaneldiscussionfocusedon‘TopTrendsinFCPA,UKBriberyAct&andRecentIndianCorruptionCases’ includingan introductionofahypothetical casestudy by Mr. Vasu Muthyala, White-Collar, Corporate& Individual Investigations, and Enforcement Partner,Kobre&Kim,Ms.Mini vandePol, Partner andHead ofAsia Pacific, Global Compliance and InvestigationsGroup,Baker&McKenzieandMr.SunnyMann,Partner,Global Compliance and Investigations Group, Baker &McKenzie.

Since theGovernmentof IndiahasmadeamendmentsinthePreventionofCorruptionAct,Mr.BalwinderSingh,Senior Advisor, KPMG in India, shared updates on thesameinsession2.Insession3industryexpertsincludingMr.GauravAjmani,AssociateGeneralCounsel,Amazon,Ms.SaloniTuteja,Director–Legal&Compliance,SouthAsia,ZimmerBiometandMs.BhawnaA.Ranganadhan,Vice President, Legal and Compliance, Genpact,discussed ‘CorruptionChallenges Faced by Legal andComplianceOrganizations in aCompany andHowDoTheyMitigateTheseRisks?’withMs.RitikaRattias themoderator.

Mr. Suhel Daud, Assistant Legal Attaché – FBI, U.S.Embassy, spoke about the ‘Challenges Faced by LawEnforcement in the Digital Age’ in session 4 followedbyProf (Dr.)MadhuBhalla, ViceChair of TransparencyIndia, who shared her perspective on the fight againstcorruption. The last session was a panel discussionfocused on ‘Discovering Fraud - Best Practices forInvestigations, Remediation, and Self-Disclosure orNot,withbyMr.VasuMuthyala,Ms.MinivandePolandMr. Sunny Mann as panellists. Lastly, the concludingremarksweredeliveredbyMs.RitikaRatti,Chairperson– Anti-Corruption & FCPA Compliance Committee,AMCHAM.

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Professor (Dr.) Madhu Bhalla, Vice Chair of TransparencyIndia,sharingherperspectiveonthefightagainstcorruption

Guest speakers (L-R) Mr. Vasu Muthyala, White-Collar,Corporate & Individual Investigations, and EnforcementPartner,Kobre&Kim,Ms.MinivandePol,PartnerandHeadofAsiaPacific,GlobalComplianceandInvestigationsGroup,Baker & McKenzie and Mr. Sunny Mann, Partner, GlobalComplianceandInvestigationsGroup,Baker&McKenzie

(L-R)Ms.RitikaRatti,Chairperson–Anti-Corruption&FCPAComplianceCommittee,AMCHAMandSeniorDirector,ChiefEthics&ComplianceOfficer&HeadofAnti-Corruption,WalmartIndia,Mr.GauravAjmani,AssociateGeneralCounsel,Amazon,Ms.SaloniTuteja,Director–Legal&Compliance,SouthAsia,ZimmerBiometandMs.BhawnaA.Ranganadhan,VicePresident,LegalandCompliance,Genpact

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AtaCSRCommitteemeeting inNewDelhi (L-R)Mr.MarkWhite,MissionDirector,USAID/India,Ms.CherylWilliams,Director-ProgramSupportOffice,USAID/India,Mr.HarishKrishnan,Chairman-CSRCommittee,AMCHAMandManagingDirector,PublicAffairs&StrategicEngagement,India&SAARC,CiscoSystems(India),Ms.RanjanaKhanna,DirectorGeneralCEO,AMCHAM,andMr.PankajKamaliya,ChiefOperationsOfficer,GujaratCSRAuthority

CSR Committee Meeting

AMCHAM’sCSRCommitteemetunderthechairmanshipofMr.HarishKrishnan,ManagingDirector,PublicAffairs&StrategicEngagement,India&SAARC,CiscoSystems(India)on30thAugust2018attheIndiaHabitatCentreinNewDelhi.Ms.RanjanaKhanna,DirectorGeneralCEO,AMCHAM, welcomed participants and speakers. Mr.HarishKrishnan ledadiscussionon theCSRsignatureevent in June,how tocollaborateasacommitteeonaCSR project, strategies to drive impact and scale andCSRbestpracticesharingsitevisits.

Mr. Mark White, Mission Director, USAID/India andMs.CherylWilliams,Director–ProgramSupportOffice,USAID/India discussed the recently signed MOU

between USAID and AMCHAM to collaborate in theareasofhealth,energy,environment,WASH,genderandwomen’s empowerment and issues concerning youth.Mr. Pankaj Kamaliya, Chief Operations Officer, GujaratCSRAuthority–aninitiativeoftheGovernmentofGujarat,gaveapresentationontheGCSRA,whichwasregisteredin2015tosupport industriestakingupCSRinthestatewith proper needs assessments, connections to thelocal administration, project execution, create a reliabledatabaseof credible implementing agencies and set astandardfortraining,amongotherthings.TherewasaninteractiveQ&AwithbothUSAIDandGCSRAfollowedbyavoteofthanksfromMr.HarishKrishnan.

Discussion on the Draft Personal Data Protection Bill

OnAugust31st,2018membersofAMCHAM’s ICTandCyber Security Committees met at the IBM office todiscuss the Draft Personal Data Protection Bill beforesendingrecommendationstostakeholders.Themeetingwas chaired by Mr. Vivek Vasishtha, Co-Chairman –ICT Committee, AMCHAM and Executive Director andCountry Leader – Government and Regulatory Affairs,IBMIndia.Ms.MadhviKataria,DeputyDirectorGeneral,

AMCHAM,gavewelcomeremarks.Membersdiscussedtheneedforclarityondata localization,storageofdataanddataretention.TheconcernswerenotedandwillbeincorporatedinthesubmissiontobemadetotheMinistryofElectronicsandInformationTechnology(MeitY).KPMGagreed to be the knowledge partner for supportingAMCHAM’srecommendations.

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Roundtable Discussion on the U.S. – India 2+2 Dialogue on Diplomatic and Defense Cooperation

OnthesidelinesofthefirsteverU.S.–India2+2Dialoguewith a focus on diplomatic and defense cooperation,AMCHAM, along with Observer Research Foundation(ORF), organized a panel discussion on September4th,2018inNewDelhi.Thediscussionrevolvedaroundthe likely and potential deliverables from the first 2+2Dialogue happening between the United States andIndia. Mr. Harsh Pant, Director, Studies and Head

StrategicStudiesProgramme,ORF,moderatedapaneldiscussionwithMr.KrishIyer,Chairman,AMCHAMandPresident & CEO, Walmart India, Mr. Pratyush Kumar,PastChairman,AMCHAMandPresident,Boeing India,Ms.MayaMirchandani,SeniorFellow,ORFandAssistantProfessor Broadcast Journalism, Ashoka University,andLt.Gen.S.L.Narsimhan(Retd.),Member,NationalSecurityAdvisoryBoard.

(L-R)Mr.PratyushKumar,PastChairman,AMCHAMandPresident,BoeingIndia,Ms.MayaMirchandani,SeniorFellow,ORFandAssistantProfessorBroadcastJournalism,AshokaUniversity,Mr.HarshPant,Director,StudiesandHeadStrategicStudiesProgramme,ORF,Mr.KrishIyer,Chairman,AMCHAMandPresident&CEO,WalmartIndia,Lt.Gen.S.L.Narsimhan(Retd.),Member,NationalSecurityAdvisoryBoardandMs.RanjanaKhanna,DirectorGeneralCEO,AMCHAMatapaneldiscussiononthefirstU.S.–India2+2Dialogue

Meeting with Lieutenant General Charles Hooper, Director, Defense Security Cooperation Agency

On September 7th, 2018 Lieutenant General CharlesHooper,Director,DefenseSecurityCooperationAgency,met with AMCHAM’s Defense Committee membersin his first industry engagement after the 1+1 and 2+2U.S. – India Dialogues. He reiterated and highlighted

the positive engagements between SECDEF GeneralMattisandRakshaMantriNirmalaSitharamanduringthe1+1engagement.Heaffirmedcontinuityofdialogueforsynergizingthegenerationalopportunities.

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LieutenantGeneralCharlesHooper,Director,DefenseSecurityCooperationAgency,withAMCHAM'sDefenseCommitteemembersinhisfirstindustryengagementafterthe1+1and2+2U.S.–Indiadialogues

AMCHAMmemberswithMr.GilbertKaplan,UnderSecretaryofCommerceforInternationalTrade,U.S.DepartmentofCommerce

Interaction with Mr. Gilbert Kaplan, Under Secretary of Commerce for International Trade, U.S. Department of Commerce

On 7th September, AMCHAM hosted an interactivesession with Mr. Gilbert Kaplan, Under Secretary ofCommerce for International Trade, U.S. Departmentof Commerce in New Delhi. Mr. Krish Iyer, Chairman,AMCHAM and President & CEO,Walmart India, madeopening remarks andwelcomed the delegation.UnderSecretaryKaplangavebriefremarksontherecenttradetalksandmentionedthatIndiawasthe11thlargesttradepartner for the U.S. Members discussed trade relatedchallenges across sectors, healthcare, Make in India,transferof technology,exports, tariffs,medicaldevices,

trademarginrationalizationandstandards,amongothertopics.AMCHAMofferedtosupporttheupcomingU.S.–IndiaCommercialDialogueandCEOForuminanywaypossible.UnderSecretaryKaplanwasaccompaniedbyMr.JohnCooney,ChiefofStaff to theUnderSecretary,Mr. Joseph Laroski, Senior Advisor to the UnderSecretary,Ms.DianeFarrell,DeputyAssistantSecretaryforAsia,Ms.NoorSclafani,InternationalTradeSpecialist,Ms.AileenNandi,ActingSeniorCommercialOfficer,U.S.Embassy and Mr. Darrel Ching, Principal CommercialOfficer,U.S.Embassy.

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DuringaninteractionwithUnderSecretaryGilbertKaplan(L-R)Mr.NitinAtroley,Chairman-EconomicAffairsCommittee,AMCHAMandOfficeManagingPartnerDelhi,KPMGinIndia,Mr.MicahelKoch,Chairman-DefenseCommittee,AMCHAMandVicePresident,BoeingIndiaDefense,Space&Security,Mr.JagmohanSingh,RegionalDirector-India,SriLanka,Maldives,LockheedMartinandMs.SheemaVohra,ManagingDirector-India,BrandUSA

(L-R)Mr.Krish Iyer,Chairman,AMCHAMandPresident&CEO,Walmart India,Mr.GilbertKaplan,UnderSecretaryofCommerce forInternationalTrade,U.S.DepartmentofCommerce,Ms.DianeFarrell,DeputyAssistantSecretaryforAsia,U.S.DepartmentofCommerceandMs.RanjanaKhanna,DirectorGeneralCEO,AMCHAM

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MUMBAIWestern Region Committee Meeting

The 2nd meeting of AMCHAM’s Western RegionCommittee (WRC) 2018-2019 was held on Thursday,12thJuly2018.Themeetingcommencedwithopeningremarks by Ms. Surabhi Wahal, Regional Director –WesternRegion,AMCHAMIndiaandwelcomeaddressesbyMr.MaheshKrishnamurti,Chairman–WesternRegion,AMCHAMandManagingDirector,RGPIndia.Ms.KakuNakhate, Vice Chairperson, AMCHAM and CountryHead,BankofAmericaN.A.sharedaninsightfulupdate

ofthesuccessfulannualdoorknocktoWashingtonDC.Committeemembersactivelydiscussedagendapointsincludingforthcominginitiatives.Someofthekeypointsofdiscussionswere the visits toDow IndiaTechnologyCenter, CSR event on ‘Monitoring &Measuring ImpactofCSRPrograms,’ tour of JawaharlalNehruPort Trust,ahighprofileroundtablemeetinginPuneinpartnershipwiththeU.S.ConsulateinMumbai,andlastbutnotleast,AMCHAM’sWesternRegionsignatureevent.

Supply Chain and Logistics Committee Meeting and Presentation on Authorized Economic Operator

On18thJuly2018,AMCHAM’sSupplyChainandLogisticsCommittee organized a Learning & Sharing (L&S)Session on ‘Authorized Economic Operator’ followedbyacommitteemeeting.ThemeetingcommencedwithopeningremarksbyMs.SurabhiWahal,RegionalDirector– Western Region, AMCHAM, followed by welcomeremarksbyMr.KumarKandaswami,Chairman–SupplyChain and Logistics Committee and Partner, DeloitteToucheTohmatsuIndiaPvt.Ltd.Aspartofthecommittee’sL&S initiative a presentation on ‘Authorized EconomicOperator (AEO) – A Tool For Efficiency In International

Trade’wasmadebyMr. PrashantDeshpande,Partner,DeloitteHaskins&SellsLLPandMr.HimanshuTewari,Partner, DeloitteHaskins& Sells LLP. The presentationhighlights included benefits and features of the AEOprogram, stakeholders interests and AEO – readinessassessment framework. The presentation was followedbyanactivediscussionbymembersontheSCLsurvey,visittotheDowIndiaTechnologyCentreandideationonforthcomingevents.ThemeetingconcludedwithclosingremarksbyMr.Kandaswami.

Interactive Session on Monitoring and Measuring the Impact of CSR Programs: The Concept and Application of Social Return on Investment (SROI)

On 31st July, AMCHAM India in partnership withTechnoServe India, organized an interactive session‘MonitoringandMeasuringtheImpactofCSRPrograms:The Concept and Application of Social Return onInvestment (SROI).’ The initiative which is part of‘AMCHAM’s Western Region – CSR Series’ was anengaging platform of experience sharing and learningwithexperts.ThemeetingbeganwithopeningremarksbyMs.SurabhiWahal,RegionalDirector–WesternRegion,AMCHAM India, followed by a welcome address andsettingofthestagebyMr.PunitGupta,CountryDirector,TechnoServeIndia.Mr.TimMcLellan,COO,TechnoServeInc.madethekeynoteaddresswhichentailedadetailed

insight into TechnoServe’smodel ofmeasuring impact,the needs and challenges faced, the concept of ROTI,SROI and TechnoServe’s Corporate MeasurementApproach. Mr. Punit Gupta further shed light on thesubjectwithexamplesofTechnoServe’sprojectsinIndia.

Mr.SaleemKhan,CEO,UnitedWayofIndia,throughhispresentation spoke about the approach to calculatingSROI practiced by United Way and highlighted theinitiative of Generation United which offers programsfor disconnected Indian youth who face a range ofchallenges. The project aims at engaging with youth,skilling them and providing employment opportunities.Healsohighlighted the challenges faced in calculating

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Membersataninteractivesessionon'MonitoringandMeasuringtheImpactofCSRPrograms:TheConceptandApplicationOfSocialReturnonInvestment(SROI)

SROI as well as innovative solutions to address gapsacrosstheskillingvaluechaintoimproveoutcomes.

As part of experience sharing Ms. Imrana Khera andDr. Neeta Rao from USAID shared best practices and

challenges of CSR projects. The forum saw activediscussionsbyparticipants.Thesessionconcludedwitha voteof thanksandconcluding remarksbyMr.AbhijitYadav,Director,BRGConsulting(India)Pvt.Ltd.

Western Region Committee Meeting

The 4th meeting of AMCHAM’s Western RegionCommittee (WRC) 2018 – 2019 was held onMonday,20th August 2018. The meeting commenced withopening remarks by Ms. Surabhi Wahal, RegionalDirector–WesternRegion,AMCHAMIndiaandwelcomeaddress by Mr. Mahesh Krishnamurti, Chairman –WesternRegion,AMCHAMandManagingDirector,RGPIndia.Committeemembersactivelydiscussedagendapointswhich includedupdatesandnextsteps towards

the upcoming exclusive interactive discussion withAmbassadorKennethI.JusterandseniorrepresentativesofU.S.companiesinIndiascheduledtobeheldon26thSeptemberinPuneandAMCHAM’sWRsignatureevent2018 – ‘Opportunity in Volatility’ which is scheduledto be held on 6thDecember inMumbai. Themeetingconcluded with Mr. Krishnamurti thanking committeememberspresentfortheirparticipationandsupport.

Industry Visit to Dow India Technology Centre – An Initiative of the Supply Chain & Logistics Committee

On 23rd August 2018 AMCHAM’s Supply Chain andLogistics Committee organized an industry visit toDow India Technology Centre in Navi Mumbai as partof it’s Sharing and Learning Initiative. The day beganwith opening remarks byMs. SurabhiWahal, RegionalDirector – Western Region, AMCHAM, followed bywelcome remarks by Mr. Milind Tailor, Co-Chairperson–SupplyChain&LogisticsCommittee,AMCHAM,and

HeadofIndirectProcurement&ElectronicSecurityAsiaPacific,DieboldNixdorfPrivateLimited.Mr.AlokGautam,CountryLogisticsLeader–SupplyChainOperations,DowChemicalInternationalPvt.Ltd.,throughabriefaddress,setthestageforthepresentation,showcaseandtourofDowIndia’sstate-of-the-arttechnologycentre.

Beforeembarkingonatourofthecentre,Mr.Padmadas

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AMCHAM'sSupplyChain&LogisticsCommitteemembersatDowIndiaTechnologyCentreinNaviMumbaiaspartofit’sSharingandLearningInitiative

Nair,R&DTSNDLeader,DowChemicalInternationalPvt.Ltd. shared a presentation that highlighted the variouscapabilitiesofthefacilitythatencompassedthevariousbusinesses of Dow – industrial solutions, consumersolutions, coating materials, packaging and specialityplastics, polyurethanes and core R&D groups likematerials engineering centre, engineering and processscience and analytical science. Mr. Nair shed detailed

insight into thequeries thatparticipantshadduring theinteractiveQ&Asession.

With protective gear on, the participants were thenusheredona visit to thevarious laboratorieswithin thefacility. With highly skilled R&D professionals at thecentre, theDow IndiaTechnologyCentrewas indeedaworldclassfacilityprovidingcrossindustrysolutionsandoffers.Theeventwaswellattended.

Informal Discussion on Regulatory Policy and Economic Risks Ahead

On Thursday, 30th August 2018, AMCHAM India inpartnership with FTI Consulting, organized an informaldiscussion on ‘Regional Policy and Economic RisksAhead.’TheeventbeganwithawelcomebyMs.SurabhiWahal, Regional Director – Western Region, AMCHAMIndia.Mr.AmritSinghDeo,ManagingDirector,StrategicCommunications,FTIConsulting,throughhisintroductoryremarks set the context of geo-political and economicrealities,theeffectsofwhichIndiawillsoonbegintoface.IntheinteractivesessionthatfollowedMr.PaulDownie,

Chairman, Asia Pacific Strategic Communications,FTI Consulting, touched upon global trade wars,protectionism, economic sustainability, migration andeconomic slowdown in large developed countries andthe effect that it has on emerging economies. As partof the discussion, participants also shared their viewsandqueries.TheeventconcludedwithclosingremarksbyMr.RachidFergati,ManagingDirector– IndianSub-Continent,UPS,whothankedFTIConsulting,AMCHAMandparticipantsforawonderfuldiscussion.

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HyDERAbADSports Coordinators Meeting

AmeetingofalltheSportsCoordinatorsfromthevariousmember companies participating in AMCHAM Sports2018washeldattheofficeofWellsFargoonJuly18th,2018.Atthismeetingthedrawsforcricketweredoneandteamswereupdatedabouttherulesandregulationsfor

the12eventsbeingconducted.TheHyderabadChapterSports2018wouldbeginwithcricketonSeptember16thor22nddependingontheavailabilityofthegroundsandwouldbeconductedeverySaturdayandSunday.Atotalof31companieshaveconfirmedtheirparticipation.

6th AMCHAM Healthcare Conference – Committee Meeting

Thecommitteemeetingforthe6thAMCHAMHealthcareConferencewasheldonJuly30th,2018attheofficeofMedtronic in DLF Gachibowli. The members presentfinalizedtheagendaandMs.SandyaRodrigues,RegionalDirector – Hyderabad Chapter, AMCHAM, informed

membersthattheneedtoraisesponsorshiptowardsthistomakeitself-sufficient.Itwasdecidedtogetconvenientdateandtimeforallthepanelliststoconnect.ThenextmeetingwasslatedforAugust20th,2018attheofficeofMediumConsulting.

Hyderabad Chapter Executive Committee Meeting

AMCHAM's Hyderabad Chapter Executive Committee,under the Chairmanship of Mr. Shashidhar Reddy,Chairman –HyderabadChapter, AMCHAM,met at theofficeofUTConAugust14th,2018. Theprograms forAugust to December were discussed and Hyderabad

Chapter Sports 2018 entries received along with thesportsbudgetwerealsodiscussed.Thecommitteewasupdatedon theprogressof theHealthcareConferenceslatedtobeheldonSeptember28th.

6th AMCHAM Healthcare Conference Committee Meeting

OnAugust 20th, 2018, ameeting of the 6th AMCHAMHealthcareConferenceCommitteewasheldattheofficeofMediumConsulting,knowledgepartnerfortheevent.Thepanellistsandkeynotespeakers for theeventwerefinalized. The theme of the conference was decidedas ‘Changing Landscape in Healthcare: Challenges &Opportunities.’ The conference is slated to be held on

September 28th, 2018 at theWestinHyderabad. It is afulldayconferencecoveringtheaspectsof1)delivery-creatingrighthealthcaredeliverymodels,2)innovation-disruptingconventionalbusinessmodels,3)investments-balancingprofitabilityandaffordabilityand4)skilling-humanresourcestheunfulfilledgap.

Session on Transfer Pricing and GST

AMCHAM’s Hyderabad Chapter organized a sessionon ‘Transfer Pricing and GST’ with Deloitte at theWestin Hyderabad on August 28th, 2018. The sessioncommenced with GST wherein Mr. Amit from Deloittespoke on the credit concerns and advance ruling andauditunderGST.Hetouchedupontheinputtaxcredit–

latestamendmentinlaw,conditionsforavailingcreditandotherconflictingissues.HealsospokeontheimpactofGSToncommonfunctionsperformedatHO.OnthetopicofGSTaudit,hespokeonthereportingrequirementsandthevariousforms.Thiswasaninteractivesession,wherequeriesbytheaudiencewereanswered.Thenextsession

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wasontransferpricingwhichwasledbyMr.Rajeshwarfrom Deloitte. He spoke on the recent development intransfer pricing includingMAP and APA and impact of

Ind-ASontransferpricing.Thesessionconcludedwithatimeofnetworkingoverhightea.

Mr.Amit,Deloitte,sharinghispresentationonGST ParticipantsatthesessiononTransferPricingandGST

6th AMCHAM Healthcare Conference – Committee Meeting

A committeemeeting for the 6th AMCHAMHealthcareConference was held on September 6th, 2018 at theofficeofWestPharma inBegumpet. Memberspresentfinalized the agenda and made minor changes andMs.SandyaRodrigues,RegionalDirector –HyderabadChapter, AMCHAM requestedmembers to support theeventwithsponsorship.Itwasdecidedthatthewebpage

wouldbeuploadedontheAMCHAMwebsitetomarketthe conference so that people could register for theevent.Creativestobesharedonsocialmediatopromotethe event were discussed. The full day conference isscheduledtobeheldonSeptember28th,2018atWestinHyderabad.

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KOLKATAInauguration of Bengal Silicon Valley Hub

TheChiefMinisterofWestBengal,Ms.MamtaBanerjee,laidthefoundationstoneattheBengalSiliconValleyITHubonAugust13thinKolkata.ThestrategyoftheInformationTechnology and Electronics Department of the stategovernmentwastocreateafuturistictest-bedforSouthAsia’suniqueneedswhilebuildingasolidR&Dcapacityaimedatensuringcompetitionandatalentcenterinthenearfuture.Inarecentinitiative,theGovernmentofWestBengalhasdecidedtosetupanexclusiveBengalSiliconValley Hub, a technology hub in the technology-richSector-5andRajarhatecosystemofKolkata,resemblingSiliconValleyinCalifornia.TheBengalSiliconValleyHub

will be spread over 100 acres of land at the center oftechnologyRajarhat–Sector5,Kolkataandisproposedtoprovide InfrastructureasaService(IaaS) inauniquesetting that will provide co-working spaces, innovationlab,R&Dcentreandacreativeenvironmentthatwillbeatparwithanyglobalsetup.MembersoftheITcommunity,includingAMCHAMmembers,wereinvitedtoattendthisprestigious event. Amazon Internet Services, Genpact,Accenture and Cognizant were amongst some of thecompanieswhohavecommittedtoincreasingtheirfootprintinthestate.

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BANGALOREMeeting with Ambassador Kenneth Juster, U.S. Ambassador to India

Ambassador Kenneth Juster met with the AMCHAMmembers on May 30th, 2018, at the J.W. Marriott. Mr.IqbalSait,Chairman–KarnatakaChapter,AMCHAMandHeadofEMEAOperations,SaggezzaInc.,welcomedtheAmbassadortoBengaluruandgaveabriefintroductionof the Karnataka Chapter. Consul General RobertBurgess of the U.S. Consulate Chennai introduced the

Ambassador. On the occasion, Ambassador Justerspokeon thegrowing trade tiesbetween Indiaand theU.S.HeansweredquestionsfromtheaudiencerangingfromU.S.–Indiatechnologytransfer,tovisachallenges,to American Citizen Services. The session concludedwith the Chief of the Consular Section, Mr. Kent May,conductinganinteractivesessionwiththeaudience.

(L-R)AmbassadorKennethJuster,ConsulGeneralRobertBurgess,U.S.ConsulateGeneralChennaiandMr.KentMay,ConsularSectionChief,U.S.ConsulateGeneralChennai

Mr. IqbalSait,Chairman -KarnatakaChapter,AMCHAMandHeadofEMEAOperations forSaggezza Inc., felicitatesAmbassadorKennethJuster

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KarnatakaChaptermembersatabreakfastmeetingwithadelegationfromtheHouseCommitteeonEnergyandCommerce,Ms.MaryMartin,ChiefCounsel,Mr.BrandonMooney,DeputyChiefCounselandMr.RickKessler,SeniorAdvisorandStaffDirectorforEnergyandEnvironment

KarnatakaChapterCommitteememberswithMr.KentMay,ConsularSectionChief,U.S.ConsulateGeneralChennaiinBengaluru

Breakfast Meeting with a Delegation from the House Committee on Energy and Commerce: Ms. Mary Martin, Chief Counsel, Mr. Brandon Mooney, Deputy Chief Counsel and Mr. Rick Kessler, Senior Advisor and Staff Director for Energy and Environment

AMCHAM’sKarnatakaChapterhostedmembersof theU.S.congressionalstaffdelegationonAugust16th,2018at a breakfast meeting in Bengaluru. The delegationincludedofficialsfromtheHouseCommitteeonEnergyand Commerce, Ms. Mary Martin, Chief Counsel, Mr.Brandon Mooney, Deputy Chief Counsel and Mr. RickKessler, Senior Advisor and Staff Director for Energyand Environment. The broad areas of discussion wereenergy,advancedR&D,manufacturinganddatacenters.Mr. Naresh Shah, President, Hewlett Packard India

Software Operation Pvt. Ltd. chaired the meeting onbehalf of AMCHAM. The other AMCHAM attendeesincluded Mr. Amit Sharma, COO, IBM India, Mr. BalaBharadvaj, Managing Director, Boeing Research &Technology–India,Mr.MariasundaramAntony,GeneralManager,EngineeringIndiaOperations,GEPower,Mr.SudhansuPanigrahi,CenterHead,GM&CenterHead–Bangalore,USTGlobalandMr.SunilManikath,SeniorVice President, Head – Technology Platform, WellsFargo.

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CHENNAI

AMCHAM’s Tamil NaduChapter breakfastmeeting forJulywasheldonthe24thinChennaionthe‘ChangingLandscape on Accounting for Leases’ featuring guestspeaker Mr. Sandip Khetan, Partner, Assurance – EY.Mr. Sandip Khetan set the context for the meeting bysayingthattheinternationalstatutorybodiesresponsiblefor financial accounting have decided to put the leashon leasing. The Institute of Chartered Accountants ofIndiarecentlyissuedanewaccountingstandard–IndAS19on leases.TheEYpresentationdetailed thevariouschallengesandsolutionsinthenewaccountingstandardsthatmust be followed. The new leasing standards willpose a number of challenges for businesses with asubstantialnumberofoperatingleasesevenbeforetheeffectivedate.

IFRS16–leases(applicablefromJanuary1st,2019)willchange theaccounting treatmentof leasessignificantlyandwillrequirelesseestorecognizeassetsandliabilitiesformost leaseson theirbalancesheetatpresentvalueof lease payments. This will result in higher EITDA asthe leaseexpensewillnowbesplitasamortizationandinterestcostinthestatementofprofitandloss.

The key challenge for lesseeswill be identifying all thelease arrangements that exist and gathering all therequired data to get the leases to the balance sheet.Thenewstandardwill affectmanyactivities across the

Breakfast Meeting on the Changing Landscape on Accounting for Leases

organization like procurement, IT, internal audit andfinancefunctions.Sinceinventoryofallleaseshastobecreatedontransition,significantchangestosystemsandprocesses may be required. There are some impactswhich cannot be quantified yet like changes to the taxtreatment of leases until the tax department comes upwithregulatoryguidance.

Thenew lease standardunderUSGAAP (ASC842) isalsoapplicablefromJanuary1st,2019forpublicbusinessentities (January 1st, 2020 for other entities). The ‘Day1’ accounting for leases under US GAAP (ASC 842 –Leases) is similar to IFRS16wheremost of the leasesarerecognisedinthebalancesheet.However,therearesignificantdifferences in ‘Day2’accounting.ThemajordifferenceisthatunderASC842, lesseeisstill requiredtoclassifytheleasesaseitheroperatingleaseorfinanceleaseandtheoperatingleasesexpensewillcontinuetobestraightlinedintheincomestatement.

Inanutshell, theabovechangeswillposeasignificantchallengeforcompaniesreportingunderbothIFRSandUSGAAP.Insummingup,itisimportantforallcorporatebusinesshousestofirstgetaninventoryofallleasesthattheyhave,bothfinancialleasesandoperatingleases.Thiswouldbethefirststepandthisisthebiggestchallenge.Themeetingcametoanendwithaninteractivesessionwithalltheparticipants.

Breakfast Meeting – Protection of Life and Property in Chennai

AMCHAM’sTamilNaduChapterheldabreakfastmeetingon‘ProtectionofLifeandPropertyinChennai’onAugust16th, 2018 at Hotel Westin Velachery. Mr. Rajan Aiyer,Vice Chairman – Tamil Nadu Chapter, AMCHAM andManaging Director, Trimble Information Technologies,chairedthemeetingwhichfeaturedguestspeakerDr.A.K.ViswanathanIPS,AdditionalDirectorGeneralofPolice&CommissionerofPolice,Chennai.

The meeting began by Mr. Rajan Aiyer welcomingparticipantsandCommissionerViswanathan,followedbymembers introducing themselvesand their companies.

Attheoutset,memberswereinformedthattheperceptionofthestateofTamilNaduasaplacewhereviolenceoremotionaloutburstsfollowthedeathofamassleaderhadtochange.Intherecentpast,twopoliticalleadersbothofwhomservedasChiefMinisterandwithmassfollowing,hadpassedaway.Thoughseveral lakhsofpeoplefromacross the state descended onChennai, therewas noviolence,nodestructionofpublicorprivatepropertyandnoinnocentlifewaslost.So,ithasbeenwellestablishedthatChennaiandthestateofTamilNadumaintainspeaceandpublicorderduringanycrisis.

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The Commissioner began his address by thankingAMCHAMforinvitinghimtospeaktomembersonpolicinginChennai.HesaidthatChennaiCityPolicejurisdictionspreadsover1,000sqkmwithapopulationof12millionandapolice forceof22,500officers,menandwomen.TheCommissioner said that tomaintain law and orderandforcrimepreventionanddetection,thecityhas135policestationsand35allwomenpolicestations(AWPS).Officersatthesestationsareonlyallowedtorespondtocertaincrimes,suchaspsychologicalviolence,domesticviolence, family violence, as well as specific types ofthreats and sexual violence. Besides that, the city hasSpecial Armed Police units, white collar crime units,cyber-crimeunits,etc.

Dr. Viswanathan stated that in order to keep Chennaisafe, therewas constant patrolling of all areas by foot,motorcycle, jeeps and vans. The response time fordistresscallsisbetween2-5minutes.Hesaidthefocuswastoreachouttothepublicandattendtocomplaints.Underhiswatch,allofficersareavailablebetween8:00amand11:00pm.Healsosaidthatofficershaveafixedtimewhentheyremainattheirofficesorpolicestationstomeetwiththepublicwhoseekpoliceassistance.

The Commissioner was happy to state that there hasbeen no labour related incidents in Chennai city, whilethere has been public agitations related to Jallikattu,NEET,Cauverywateretc,whichwasmanagedwell.Themajor concern that thepolicehave in thecitywas thatof chain and mobile phone snatching by motorcyclebornerobbers.Visiblepatrollinghasbeenintroducedasa preventivemeasure. TheCommissioner said that theNationalCrimeRecordsBureauhasrankedChennaiasthesafestcityforwomeninthecountry.

The other major problem on Chennai’s roads is themenaceofdriving/ridingunder the influenceofalcohol.To combat this, the Commissioner said that he hasintroduceda2shiftnightpatrollingrosterforofficersandmenwho conduct vehicle checks, DUI tests and nightpatrolling.TheCommissionersaidthatthecitydoesnothaveanight lifeandmostrestaurantsandshopsdownby11:00pm.

The Commissioner said that the city police were oftenaccusedofbribetakingandtoreversethetrend,hehasintroduced a system of cashless spot fine payments,whereamotoristwhoiscaughtbreakingthelawcanpay

onthespotusinghiscreditcard,debitcardandobtainareceipt.Alternatively,themotoristcanalsopayatthepostofficeoratcourt.ThetrafficpolicealsocounselmotoristsontheadverseeffectsofDUI.

One of the major policy initiatives introduced byCommissionerViswanathanwas tobring theentire cityunder CCTV coverage. He said that close to 100,000CCTV cameras have already been installed acrossthe city. The Commissioner and his team of officersare appealing to all resident associations/societies,commercial establishments and business houses toinstallCCTVcamerasintheirpremiseswithatleastonecamera focusingon the road.TheCommissionerssaidthat thegovernment toowillpitch inby installingCCTVcamerasat road intersectionsandplaceswherepublicmovement ishigh.Thisdrive isset tobeaccomplishedsoonmakingChennaithefirstcityinIndiatohave100%CCTVcoverage.

Inaboldmove,theCommissionerannouncedhismobilephone number and said that the public can reach him24×7 and it would be best to send him a WhatsAppmessageandexpectaquickresponsefromthetopcopinthecity.ThePoliceCommissioner’smobilenumberis9444000029.

Whiletalkingabouthowthepolicehavetokeepupwithtechnologyandclevermodusoperandiofthecriminals,theCommissionersaidthatwithcheapairfares,criminalgangs fly down to Chennai by an earlymorning flight,indulge in chain snatching at about 4 to 5 places andreturnbytheevening/latenightflightwithabootyofoverRs.10lakh.TheCommissioneralsosaidthatthepolicehavebeenable to solvemanycrimesbyanalyzing themobilephonerecordsofcriminalsandvictimsandhavesuccessfullysolvedmanycrimes.Recentmediareportsstatethatthecriminalshavenowresortedtousinghighend walkie-talkie phone sets to avoid detection. YetanotherchallengetheChennaiPolicewillsoonfindwaystobeat.

A very useful interactive session followed the talk bythe Commissioner and many AMCHAM membershavecommitted touse theirCSR funds to installCCTVcameras.TheCommissionerrespondedthathewouldgethisofficerstocontactthecompanyandtakethisforward.TheCommissionersaidthatitwaslefttothecompanytoselectthenumberofCCTVcameras,areastobecovered

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Participantsinthebreakfastmeetingon‘ProtectionofLifeandPropertyinChennai’

(L-R)Mr.AubreyDaniels,RegionalDirector-TamilNaduChapter,AMCHAM,Dr.A.K.ViswanathanIPS,AdditionalDirectorGeneralofPolice&CommissionerofPolice,ChennaiandMr.RajanAiyer,ViceChairman–TamilNaduChapter,AMCHAMandManagingDirector,TrimbleInformationTechnologies

and thebrandof theequipment tobeprocuredby thecompany.Thepolicewouldlendwhateverassistanceisrequired.

The meeting ended with Mr. Rajan Aiyer thanking theCommissioner for addressing AMCHAM membersand highlighting the various nuances of policing in ametropolitancity.

Corporate Members

Additional Members

AMCHAM Welcomes New Members

Mr. Michael HarringtonManaging Director

Mintz Group

Mr. Vishal TibrewalSr. Head of Finance and Company SecretaryForever Living Imports India Private Limited

Mr. Ajay GuptaDirector

Sunrider India Private Limited

Mr. Parag Kamlakar KulkarniManaging Director

A.O. Smith India Water Products Private Limited

Mr. Arijit SenSenior Director, Government Affairs

Flextronics Technologies India Pvt. Ltd.

Mr. Hari VasudevVice President – Technology

WM Global Technology Services India Private Limited

Mr. Rohit KhatriExecutive Director

J.P. Morgan Chase Bank N.A.

Mr. Rajesh Harishchandra GandhiPartner

Deloitte Haskins & Sells LLP

Mr. K.S.S. PanikarPresident

Venture Lighting India Limited

Mr. Vilas Vaman DhavaleManaging DirectorLord India Pvt. Ltd.

Mr. Harshad NaikManaging Director, Indian Sub-Continent

Huntsman International India Pvt. Ltd.

National Secretariat

Ms. Mamta UppalMembership & Events Manager

Email : [email protected]

Mr. Aditya VasishthaProgram Director


Mr. Aubrey DanielsRegional Director - Tamil Nadu Region


Ms. Ines MirandaRegional Director - Karnataka Chapter


Ms. Valerie SwopeProgram Coordinator


Wg Cdr Rajiv AnandProgram Director


Ms. Udaya ArunDirector - Aerospace & Defense


Ms. Madhvi KatariaDeputy Director General


Ms. Ranjana KhannaDirector General, CEO


Ms. Amada KidwaiRegional Director - Eastern RegionEmail : [email protected]

Mr. Yeshi DorjeeManager - Administration & PublicationsEmail : [email protected]

Mr. L.N. AgarwalSenior Manager & OSD


Ms. Tanya PaulCommunication Director


Mr. Gaurav MendirattaDirector - Medical Devices


AMCHAM Team

Ms. Surabhi WahalRegional Director - Western RegionEmail : [email protected]

Ms. Payal SatishRegional Director - Karnataka ChapterEmail : [email protected]

Ms. Ruth Sandya RodriguesRegional Director - Hyderabad Chapter


Established in 1992, the American Chamber of Commerce in India (AMCHAM India) is an association of American business organizations operating in the country.

AMCHAM India has around 500 members, spread across the nation. The Chamber enjoys a close relationship with the U.S. Embassy, which supports its objectives and helps in fulfilling them. The incumbent U.S. Ambassador to India is the Honorary President of AMCHAM.

MissionAMCHAM’s principal objectives are to:

• Promote activities that encourage and stimulate investment by U.S. companies in the country.

• Support the business operations of its members.

• Encourage bilateral trade between India and the U.S.

These primary objectives are fulfilled by:

• Providing a forum for U.S. – based business organizations to discuss and identify common issues, economic and commercial interests in India and /or the U.S.

• Instituting Sectoral Committees which implement the primary objectives in their respective sectors.

• Reviewing policies and procedures in various sectors that affect the members as well as growth of foreign direct investment.

AMERICAN CHAMBER OF COMMERCE IN INDIA Affiliations

AMCHAM is affiliated to the following Chambers :

• Chamber of Commerce of U.S.A in Washington, D.C.

• Asia Pacific Council of American Chambers of Commerce (APCAC)

• AMCHAM’s in other countries.

Regional Chapters

AMCHAM’s National Secretariat is based in New Delhi with six Regional Chapters in Bengaluru, Chennai, Delhi, Hyderabad, Kolkata and Mumbai.

Published by: American Chamber of Commerce in India Address: PHD House, 4th Floor, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi – 110 016

Printed at Multiplexus (India), C-440, Narela Industrial Park, DSIIDC, Narela, Delhi - 110040 Editor: Tanya Paul, [email protected]

Regional Secretariat

Documents

AMCHAM Update...Navy Working Group, Airforce Working Group, Aircraft Working Group and Other Working Group, with specific leads to take up the discussions on behalf of the U.S. Government