Indian companies are helping American economy to recover and grow with new investments and innovation which makes US very optimistic about bilateral ties with India, US Ambassador to India Richard Verma said today.

“I am happy to report that Indian companies are helping to power America’s economic growth and recovery with new investments and innovation and that is why we are very optimistic about US-India relationship,” Verma said at the launch of a new survey of 2,000 buildings across India.

The survey, including parameters like security among others, was conducted by US-based solution provider company Honeywell and research firm IMRB International.

Elaborating on US’s keenness on the bilateral relationship, Verma said,”I was in Washington last week and had meetings with Cabinet Secretariat, National Security Adviser and Secretary of State. They were really interested in what is happening here in India on bilateral relationship.”

Explaining about the progress on ties with India, he said that the US was working hard on bilateral investment treaty. and that the country has the first ever strategic and commercial dialogue with India.

“We are facing challenges like regional security, climate change, ensuring all our populations benefit from inclusive growth…mass urbanisation challenges that India will confront in coming days, ” he said.

Regarding urban development in India, he said, in coming years, India will be among the world leaders in growth of its cities at a pace not witnessed before and that is why Prime Minister’s initiative of smart cities is so important.

Citing the survey, Verma said that people spend 80-90 per cent of their lives in buildings and want these to be more dynamic, productive and more sustainable environmentally.

Regarding safety concern of buildings, he said, “Fire safety is an issue. I understand (from the survey) that more than 50 per cent of hospitals and 60 per cent of high rise building lack adequate safety measures. People want their building to be safe”

The US is working with India for developing three smart cities – Visakhapatnam, Ajmer and Allahabad.

“Implementing smart building solutions can make facilities more connected and adaptive, reduce energy and operating costs, and improve the safety and quality of life for occupants and users,” President and CEO of Honeywell Automation and Control Solutions Alex Ismali said.

Source: The Economic Times

Raja Krishnamoorthi, 41, has a unique understanding of the challenges facing the U.S. economy and their implications for families and future workers. With successful experience in both the public and private sectors, he will go to Congress with clear ideas to help more Americans find good jobs and economic security in a changing world.

Raja currently serves as President of Sivananthan Labs and Episolar, Inc., small businesses that develop and sell products in the national security and renewable energy industries. He is a co-founder of InSPIRE, a non-profit organization that provides training to Illinois students and veterans in solar technology, and was formerly Vice-Chairman of the Illinois Innovation Council, whose mission is to promote innovative technologies that support economic growth and job creation in Illinois.

Raja previously served as Illinois’s Deputy Treasurer, where he helped revamp the state’s unclaimed property system by using technology to increase the amount of property returned to taxpayers while cutting the program’s costs. He also helped run the state’s technology venture capital fund, assisting in the creation of hundreds of good-paying jobs in Illinois. In 2006, Raja was appointed by Illinois Attorney General Lisa Madigan to serve as Special Assistant Attorney General in her Public Integrity Unit. He also served as a member of the Illinois Housing Development Authority, where he was Chairman of the Audit Committee.

The son of Indian immigrants to the U.S., Raja was raised in Peoria, Illinois, where he attended public schools and graduated as a valedictorian of his high school class. Raja earned his bachelor’s degree summa cum laude in mechanical engineering from Princeton University and graduated with honors from Harvard Law School. Following law school, Raja clerked for a federal judge in Chicago, served as issues director for Barack Obama’s successful United States Senate campaign in 2004, and became a partner at an Illinois law firm.

Raja is married to Priya, a doctor at a local hospital. They live in Schaumburg with their sons Vijay, 9, and Vikram, 5, who attend public schools in District 54.

WASHINGTON, UNITED STATES:  Having excelled in America in their respective fields, there are tremendous opportunities for Indian-Americans to contribute to the development of India and its ties with the US, India’s envoy in Washington has said.

“The relationship between India and the US is very strong across a whole range of sectors in the economic field, in technology and in the defence where we are making tremendous progress,” Indian Ambassador to the US Arun K Singh told members of the Indian Diaspora at a reception in Washington.

“I believe, there is opportunity for all of you, who have excelled after coming to the United States to now also engage with the processes in India and make contribution not just to the US but also to the India-US relationship,” Mr Singh said at the reception hosted in his honour by the Indian American communities of the Greater Washington Area.

Addressing the gathering, Noble laureate Kailash Satyarthi hoped India-US relationship would strengthen further during Singh’s tenure as the Indian Ambassador in America.

Senior BJP leader Kiran Bedi, who is visiting the US to attend a family wedding, said about Mr Singh, that Prime Minister Narendra Modi, has sent his best diplomat to the US.

It is time to strengthen hands of the Prime Minister.

Some 400 eminent Indian-Americans from Greater Washington Area were present at the reception for Mr Singh.

Source: NDTV

About Jay Chaudhuri

General Counsel & Senior Policy Advisor to State Treasurer Janet Cowell

As General Counsel and Senior Policy Advisor to State Treasurer Cowell, Jay helped recover almost $100 million back to the pension and escheat funds.  Specifically, he played a key role in uncovering alleged wrongdoing that led to eight investment managers paying the pension fund back $15 million and imposing tougher ethical standards.

Jay also led the effort to establish the first ever Innovation Fund, a $230 million fund dedicated to support and invest in businesses with significant operations in North Carolina.

After a coal-mining explosion in April 2010 that led to the death of 29 workers at Massey Energy, Jay organized a coalition of eight public pension funds across the country against key company Board of Directors and the Chairman.  That engagement resulted in key corporate governance changes and the Chairman’s resignation.  Today, that coalition’s engagement is cited as a model of collaboration by shareholder rights advocates.

Most recently, Jay served as Chair of the Council of Institutional Investors, an association of pension funds with combined assets of more than $3 trillion that serves as the leading voice for effective corporate governance and strong shareholder rights.  He also served on the Harvard Institutional Investor Advisory Board.

Special Counsel to Attorney General Roy Cooper

As Special Counsel to Attorney General Roy Cooper, Jay helped lead an investigation by all 50 Attorneys General that resulted in a landmark agreement with the two leading social networking sites, MySpace and Facebook, to better protect children from Internet predators. For his efforts, the National Association of Attorneys General honored him with the Marvin Award, given to an individual who furthers that association’s goals.

He also played a key role in developing the Attorney General’s school safety kit that helps every school in North Carolina prepare for school shootings.  More than a decade later, the safety kit still remains only one of three recommended practices in school emergency response cited by the United States Department of Education.

Jay helped lead the effort to make it harder to obtain the key ingredient used to make methamphetamine.  He also helped get tougher penalties for those who make meth if they endanger children.  That effort resulted in a 40 percent drop in meth lab busts within the first few years.

Prior to working for Attorney General Cooper, Jay served as Legislative Counsel to then Senate Majority Leader Cooper at the North Carolina General Assembly.  Before that, he clerked for Judge Linda McGee of the North Carolina Court of Appeal.  He also served as a Jacob K. Javits Fellow for former United States Senator Russell D. Feingold of Wisconsin.

Son of Immigrants

Born in Chattanooga, Jay is the son of immigrants.  His father left India to come to America exactly fifty years ago. His parents settled in Fayetteville in 1972, where his father worked at the Veteran Administration Hospital before entering private practice.

Jay attended Fayetteville public schools.  He graduated from Davidson College, Columbia University School of International and Public Affairs, and North Carolina Central University School of Law with honors.

The North Carolina Bar Association has awarded Jay the Citizens Lawyer award given to lawyers who provide exemplary service to their communities. Last year, the publication Lawyers Weekly honored him with the Leaders in the Law award.

He has also been awarded the William C. Friday Fellowship, Henry Toll Fellowship, and American Marshall Memorial Fellowship.

Today, Jay serves on the Z. Smith Reynolds Foundation Community Leadership Council, North Carolina Central University School of Law Board of Visitors, Friends of the North Carolina Museum of Science Board, and Raleigh Parks, Recreation, and Cultural Board.

He lives in Cameron Village with his wife Sejal Mehta, a former New York City prosecutor, their two children, and a black lab.