Doing business in India was "tough": Mike Pompeo on his Bengaluru days
Pompeo will travel to India between June 24-30
Washington, Jun 13: Ahead of his visit to India, US Secretary of State Mike Pompeo has revealed that he had a "tough" time as a businessman in Chennai and Bengaluru while trying to sell machine parts for the aerospace industry in the country.
Pompeo said this during his address to a Washington audience that included Google's Indian-American CEO Sundar Pichai and top corporate executives from India and the US at the India Ideas Summit on Wednesday.
Pompeo will travel to India, Sri Lanka, Japan and South Korea from June 24 to 30.
Responding to a question, Pompeo said that as a businessman, before he ran for the Congress, he had spent some time in Chennai and Bangalore trying to sell products to the Hindustan Aeronautics Limited (HAL), India's leading public sector aerospace and defence company.
"I didn't tell the story I did business in India when I before I lost my mind and ran for Congress, I ran a small business that made machine parts for the aerospace industry.
"And I spent a fair amount of time in Bangalore and in Chennai working with HAL with Hindustan Aeronautics Limited to sell products we a small joint venture," the 55-year-old Secretary of State said at the event hosted by the US-India Business Council
"I'll tell you what. It was tough," Pompeo told the audience.
Prior to joining the Trump Administration, Pompeo was serving in his fourth term as congressman from Kansas' 4th District.
Prior to his service in Congress, Pompeo founded Thayer Aerospace, where he served as CEO for more than a decade. He later became President of Sentry International, an oilfield equipment manufacturing, distribution, and service company, according to his profile on the website of the US Department of State.
"India was still opening up, it was still figuring its way through, but there was a real value proposition there, and we did well," he said recollecting his experience in India as a businessman.
"When I think about that, when I think about what businesses need when they go to invest in each other's countries, they need stability, they need a set of rules that they can understand, they need to make sure that the efforts that we put forward together from the United States have sufficient bipartisanship, that they won't be whipsawed, as we have elections here," he said.
Though Indo-US relation was moving ahead well, differences remain in some of the key trade and business issues, he acknowledged.
"But we remain open to dialogue and hope our Indian friends will drop their trade barriers and trust in the competitiveness of their exporters and private-sector companies," he said.
Pompeo said the US will also push for the free flow of data across borders not just to help American companies but to protect data and ensure consumer privacy.
The Reserve Bank of India last year issued a new regulation requiring payments companies to store all information about transactions involving Indians solely on computers in the country. The US has criticised the move.
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Parliamentary panel to summon airline executives, regulator over flight disruptions
New Delhi (PTI): A parliamentary panel is likely to summon top executives of private airlines and the civil aviation regulator over the mass cancellation of IndiGo flights that has left thousands of travellers stranded across the country's airports.
The Parliamentary Standing Committee on Transport, Tourism and Culture, chaired by JD(U) leader Sanjay Jha, is likely to seek an explanation from top executives of airlines and officials from the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation about the cause of disruption in air services and possible solutions.
A member said the panel has taken serious note of the difficulties faced by thousands of passengers due to disruption in air services.
Even parliamentarians, who were in the national capital for the Winter Session, faced the brunt of flight cancellations by IndiGo and delays by other airlines, the panel member said.
Several MPs also received complaints from people about air fares shooting up due to the scenario.
Meanwhile, CPI(M) Rajya Sabha member John Brittas, who is not part of the standing committee on transport, has demanded setting up of a joint parliamentary committee or a judicial inquiry into the large-scale disruption of flights.
IndiGo cancelled more than 220 flights at Delhi and Mumbai airports on Sunday, as the disruptions entered the sixth day even as efforts were on to normalise operations.
The aviation regulator, DGCA, on Saturday sent notices to IndiGo CEO Pieter Elbers and COO and Accountable Manager Porqueras, seeking explanation.
In a statement issued on Sunday, IndiGo said the Board of Interglobe Aviation, its parent company, has set up a Crisis Management Group, which is meeting regularly to monitor the situation. The company's Board of Directors is doing everything possible to take care of the challenges faced by its customers and ensure refunds to passengers, it said.
