Obama Admin to unveil its India agenda at USIBC on June 17

[blue97keet]

Obama Admin to unveil its India agenda at USIBC on June 17

http://www.ptinews.com/pti%5Cptisite.nsf/0/46B85D514688761C652575D00022E7D6?OpenDocument

Lalit K Jha
Washington, June 9 (PTI) The Obama Administration may unveil its India agenda at 'Synergies Summit' of the US India Business Council on June 17 when three of its top officials including Secretary of State Hillary Clinton will be present.

Clinton and other officials are expected to spell out the new administration's policy for India, with whom the US President has favoured "deep" strategic relations.

India, on the other hand, would be represented by its Commerce Minister and some of its leading corporate leaders, including Azim Premji and Anil Ambani.

Besides Clinton, the United States Government would be represented by its Secretary of Commerce Gary Locke and US Trade Representatives Ambassador Ron Kirk at the day-long deliberations between the corporate leaders of the two countries at the 34th annual convention of the USIBC.

The US officials are expected to articulate the policies of the Obama Administration towards India and set the ball rolling for the rest part of Obama's current tenure.

In the first five months of its governance, the Obama Administration had to wait for the elections in India to be over. Now that the new government has occupied its seat in New Delhi the White House does not want to waste any time and it now seems to be all set to put the relationship on fast track. PTI

[babylonsister]

1. Damn! We hired an energizer bunny! Good for him/US! nt

[OhioChick]

2. This should be interesting........n/t

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[EricSmith]

4. Synergies Summit: infectious innovation from India

<<<<< JOB DESTRUCTION NEWSLETTER No. 2026 -- 6/16/2009 >>>>>

In a recent newsletter, the Synergies Summit that starts June 16th in
Washington DC was discussed. This "summit" has a fancy sounding name but
it's just a veneer for a lobbying campaign by Indian and U.S. business
interests to push for more H-1Bs and more offshoring to India.

It's not just electronics and computer programming the Indians are lobbying
for either. I can't quite figure out what the shake down is in the
pharmaceutical industry but supposedly Indian drug companies are going to
release a report about a new plan to develop, "safer, more efficacious, and
more useful drugs for Indian patients."

Call me a cynic but it seems a big stretch that Indian millionaires and
U.S. politicians are getting together to chat about how to improve the
health of low income Indians. The timing is interesting since the
presentation closely follows President Obama's speech on health care
reform.

Somehow the summit ties into India's desire to win more offshored drug
research. They also seem to be seeking patent protection for what they call
"Incremental Pharmaceutical Innovation", which is probably just another way
of saying that they want the U.S. to grant Indian companies patents for
drugs that are almost the same as the ones that our taxpayers paid to
develop in our own research labs. The following statement by Joe Smith,
Vice-President at Johnson & Johnson, should set your alarm bells off:

J&J doesn't view India as an emerging market and felt infectious
innovation can come from India, he added.


Just what we need -- more infections coming from India. LOL!


The lists of guests are very large but so far there doesn't seem to be
invitees who have best the interests of the American public in mind.
Techsunite is trying to organize a Tea-Party like counter-protest. The only
reason I know about their protest is that I stumbled into their
announcement while doing Google searches. Whoever called for this protest
isn't going out of their way to publicize what they are doing, but
hopefully some angry Americans will somehow find out about it.

Tea-Parties have been successful because a broad coalition of conservative
activists who worked together to publicize and organize their public
meetings. Hopefully Techsunite and/or the CWA will use the next 24 hours to
do something to publicize the protest besides posting obscure web pages.

Good luck, Techsunite!

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http://www.business wire.com/ portal/site/ google/?ndmViewI d=news_view&newsId
=20090615006507&newsLang=en


June 15, 2009 08:58 PM Eastern Daylight Time
US-India Business Council and Coalition for Healthy India to Release Report
on the Value of Incremental Pharmaceutical Innovation for Indian Patients
and Indian Business

WASHINGTON-- (BUSINESS WIRE)--The US-India Business Council (USIBC) and the
Coalition for Healthy India (CHI) will launch a major new study at a press
event titled "The Value of Incremental Pharmaceutical Innovation: Benefits
for Indian Patients and Indian Business" at USIBC’s 34th Anniversary
Synergies Summit on June 17th in Washington DC. Along with USIBC and CHI,
Mr. David Simmons, President and General Manager, Established Products
Business Unit, Pfizer, will participate in the press event

Commissioned by the USIBC and CHI, and funded by the U.S. Chamber of
Commerce’s Innovation, Development and Employment Alliance, the report
was produced by White & Case LLP and Dua Consulting. The report reasons
that Section 3(d) of India’s Patents Act, which prevents incremental
pharmaceutical innovations from receiving patent protection, inhibits
development of safer, more efficacious, and more useful drugs for Indian
patients.

Drawing upon studies of the impact of incremental pharmaceutical
innovations on the economies of developed and developing nations,
interviews with key stakeholders in the Indian pharmaceutical sector, and
other methods, the report identifies a broad range of potential benefits of
incremental pharmaceutical innovation for India.

USIBC’s 34th Anniversary "Synergies Summit", which will be attended by
Hillary Clinton, United States Secretary of State; Gary Locke, United
States Secretary of Commerce; Ambassador Ron Kirk, United States Trade
Representative; Anand Sharma, Union Minister of Commerce & Industry,
Government of India, and US and Indian industry titans such as USIBC Board
Chairman, Indra K. Nooyi, Chairman and CEO, PepsiCo; Anil Ambani, Chairman
and CEO, Reliance -- ADA Group; Azim Premji, Chairman, Wipro, and Sy
Sternberg, Retired Chairman and CEO, New York Life Insurance Company,
provides an ideal backdrop for the release of this report underscoring the
critical role that the protection of incremental pharmaceutical innovation
must have in ensuring the development of new drug products that meet the
needs of Indian patients.

The U.S.-India Business Council (USIBC), formed in 1975 at the request of
the Government of India and the U.S. Government to deepen trade and
strengthen commercial ties is hosted under the aegis of the U.S. Chamber of
Commerce. The U.S. Chamber of Commerce is the world’s largest business
federation representing more than 3 million businesses and organizations of
every size, sector and region.

Coalition for Healthy India brings together like-minded members of the U.S.
and Indian business communities, non-governmental organizations, patient
advocacy organizations and health professionals to coordinate and support
improved access to healthcare in India.

www.usibc.com

Contacts

U.S.-India Business Council (USIBC)
Greg Kalbaugh, 202-463-5778
gkalbaugh@uschamber .com
Permalink: http://www.business wire.com/ news/google/ 20090615006507/ en
http://www.usibc. com

++++++++++++ +++++++++ +++++++++ +++++++++ +++++++++ +++

http://business. rediff.com/ report/2009/ jun/09/india- can-become- a-global- phar
ma-innovation- hub-experts. htm

June 09, 2009
India can become a global pharma innovation hub: Experts

India has the potential to emerge as a global innovation hub and the US's
collabortion with Indian pharma and health companies will not only help the
two countries, but also entire world, eminent experts and industry leaders
said.

Speaking in favour of the US forging collaborations with Indian firms and
academic institutes in the field of biopharma and healthcare sector, Pfizer
< Get Quote > President (Global R&D) Martin Mackay said not only there is a
great willingness to collaborate in India, there is a great ability of
Indian companies to adapt to western needs.

India can be a major centre for innovation globally said Joe Smith,
vice-president at Johnson & Johnson.

J&J doesn't view India as an emerging market and felt infectious innovation
can come from India, he added.

William Chin, vice-president, Discovery Research & Clinical Investigation,
Eli Lilly, felt the pharma industry is under siege with flood of patent
expiries, higher safety hurdles and pricing pressure.

As the sector is facing the problem of managing the huge data at its
disposal, Chin said India with its IT strengths can play a vital role.

Lilly has moved beyond level 1 partnerships, based on cost arbitrage, to
level II based on partnerships of shared rewards and risks in India. Lilly
would eventually like to move towards level III partnerships based on
equity stake in Indian companies to share success, he said.

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http://techsunite. org/index. php?option= com_content&view=article&id=53:
synergies-summit- protest&catid=34:news- from-washtech&Itemid=60

Synergies Summit Protest in D.C.
Friday, 12 June 2009 02:39 |

The ''Synergies Summit" of United States India Business Council is going to
be held on June 17 in Washington D.C. when three of its top officials,
including Secretary of State Hillary Clinton, will be present. The CEO of
WiPro (an Indian I.T. outsourcing company that is resisting calls to hire
Americans in this country), Azim Premji, will be there. The summit is
likely to spell out the Obama administration's policy for India.

A "Tea Party"-like protest is being organized by the Pro American Worker
organization and they need your help. They need people in the D.C. area to
peacefully assemble and voice their displeasure over the discrimination of
American workers by the Indian outsourcing lobby, which has donated
millions to Hillary Clinton and other politicians of both parties.
This "Summit" is being sponsored by United States Chamber of Commerce, an
organization that supports the denigration, discrimination, and
displacement of American workers.

Where:
U.S. Chamber of Commerce
1615 H St. NW
Washington, DC

When:
June 17th
9:00 am - 4:00 pm

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[OhioChick]

7. Interesting reading there, Eric.

You should start some of your own threads. :thumbsup:

Welcome to DU, btw....:hi:

[EricSmith]

5. Too much risk in Indian Outsourcing?

Too much risk in Indian Outsourcing?


A number of companies are closing software development and customer call centers in India by selling the local resources – systems and human infrastructure to offshore consulting companies and then signing multi year contracts for services. Is this the end of an era in off-shoring of programming and customer service work to India as we have known it?


Risk can be defined as "variances in financial outcomes". Risk does not always mean a negative outcome, but most often that’s the connotation. Risk is planning for a specific operational, market or financial outcome and then having the results vary from that, usually to the detriment of the organization. When outsourcing to India first came into vogue, companies rushed to set up captive centers where cheaper infrastructure and highly intelligent human capital created a financial advantage. Financial services companies at one point could hire senior level analysts for a fraction of their U.S. counterparts, creating a material cost advantage. What followed was a gold rush to tap into programming and analytic resources and adjust onshore operations to having tasks completed from a distance and on a 12-hour offset time schedule.



The truth is that managing any kind of resources which are remote in time and distance is difficult. Multitudes of companies discovered a resource arbitrage in India – a market pricing imperfection in the cost of labor. Like all arbitrages as the gap in pricing closes as demand for the cheaper resources increases. Think of the adjustments in the Indian outsourcing market in two veins. One is that of a slow motion closure of a labor arbitrage and the other as removing assets from companies balance sheets. The closure of the labor arbitrage is occurring because the true cost of outsourcing programming and customer service work offshore was higher than first anticipated or as time has moved on demand for these offshore resources has naturally eroded cost advantages.



Companies are also looking at assets offshore that are open to financial and sovereign risk and questioning how they can reduce variances around these costs. One option is to sell that building and lease it back from a property manager – a trend that has been ongoing for many years with commercial real estate. Companies are now reducing their risk of having their own offshore programming and customer service centers in favor of selling the assets to companies like Tata Consulting and Wipro and signing long term contracts to buy the services from in-country firms. These in-country firms will now have the responsibility of managing issues such as high turnover of employees, infrastructure and variable costs of labor and materials locally. For the firms selling these resources and leasing them back, their risks are reduced in that their financial outcomes are hedged – made more certain through contracts and service level agreements. Financial and operational risk are reduced.



All in this trend by U.S. financial services companies to shed offshore captive resources and sign longer term contracts with foreign companies is a smart risk management move in a world that has increased levels of instability and labor and materials "arbitrages" which are prone to be shorter lived, thus harder to leverage for any period of time. This re-shaping of the market is an opportunities for companies like Wipro and Tata to diversify their business models and construct long term agreements with U.S. companies to manage onshore resources – in a sense a reduction in risk to their business models by removing variances in revenue. The trend works well for domestic and offshore firms.

[dorkulon]

8. Yes.

Yes, you really are.

[KevinFlanagan]

6. Protest The Indian Outsourcing Cabal

I urge all techies in the D.C. area to protest this event. If anybody asks you why you are there, tell them this:

- The H-1B and L-1 visa programs give companies the legal authority to discriminate against American workers.

- American I.T. pros demand the right to compete for High-Tech Jobs.

- Indian, Inc. , Desi Bodyshops, and American tech companies have been using the visas to BYPASS American workers.

- S.887 will require American companies to allow AMERICANS to compete for high-tech jobs.

- American corporations have been using the visa laws to recruit visa workers in favor of Americans.

- The DOJ is pursuing CRIMINAL charges against the Vision Systems bodyshop, and Desi recruiters will face JAIL TIME.

Maybe some CIOs will go to jail once the DOJ and DOL find out about all the IMMIGRATION SCAMS and EEOC violations that have been going on in I.T. in this whole outsourcing/offshoring/onshoring/hire-anybody-but-an-American wave.