New Delhi: Recognizing the transformative impact of private sector collaboration and that the private sector continues to be a key driving force for India’s inclusive development, today, the U.S. Agency for International Development (USAID) and the American Chamber of Commerce in India (AMCHAM India) renewed their ongoing Memorandum of Understanding (MOU), laying the foundation for an additional five years of effective collaboration between the American and Indian business communities on key development goals.
Announced during AMCHAM India’s sixth Corporate Social Responsibility (CSR) Conference in New Delhi, the MOU expands opportunities for collaboration between the two organizations and opportunities to connect American and Indian companies with USAID initiatives. The MOU signed today expands opportunities for collaboration on areas including improving public health, tackling the climate crisis, gender and women’s empowerment, inclusive economic growth, agriculture, education, and more.
USAID Mission Director Veena Reddy said, “For many years USAID, in coordination with the Government of India, has collaborated with India’s vibrant private sector to develop sustainable, market-based solutions, mobilize and scale-up effective private investment models, and deepen private sector collaboration. USAID values our ongoing partnership with AMCHAM India and its members. This MOU leverages the combined capacities of the U.S. Government and the American private sector to support India’s development goals.”
Director General CEO, AMCHAM India, Ranjana Khanna, added, “American companies have been operating in India since 1902, actively engaged in India’s inclusive growth story as responsible corporate citizens. Through a variety of CSR initiatives from pandemic relief and recovery efforts, livelihood and skilling efforts, education partnerships, women’s empowerment, financial inclusion, innovative solutions to healthcare crises and preventing hunger, AMCHAM members strive to improve the quality of as many lives as possible. AMCHAM’s ongoing partnership with USAID combines expertise, capabilities and past learnings to develop solutions for pressing humanitarian challenges and fosters collaboration on sustainable development goals.”
Reiterating their shared commitment to address public health challenges in India, USAID and AMCHAM India also announced the transition of their COVID-19 working group’s ambitions to address other public health issues. The working group will bring together experts from USAID and AMCHAM India members to accelerate public health investments and bolster health security.
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