Biotech industrialist Kiran Mazumdar-Shaw becomes Vice-Chair at USIBC

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Kiran Mazumdar-Shaw will focus on forging collaborative initiatives between India and the United States. (Image: Twitter)

Milind Pant and Nasdaq executive Edward Knight are the other two selected Vice-Chairs of US India Business Council.

US India Business Council (USIBC) on Thursday named Kiran Mazumdar-Shaw, Chairperson and Managing Director of Bengaluru, India-headquartered Biocon, and a familiar figure among industrialists worldwide, as one of its vice-chairs. USIBC announced vice-chairs for its 2021 Global Board of Directors for stronger US-India commercial ties in an increasingly complex world by strengthening its leadership team. Amway CEO Milind Pant and Nasdaq executive Edward Knight will also join the leadership team. 

Shaw tweeted that she is honored to serve as Vice-Chair and that she will focus on forging collaborative initiatives between India and the United States and specifically in the pharma and healthcare sectors.

A statement from USIBC said that Shaw, Pant, and Knight will work with the Council’s President Nisha Biswal and its policy directors to increase the priorities in the critical sectors and to precede meetings between the government and the industry. 

USIBC Chairman Vijay Advani said: “The perspectives of the new vice-chairs will be invaluable as the Council charts a path forward in the post-pandemic era and work to deepen the US-India partnership.” 

Shaw’s biopharmaceutical firm Biocon was founded in 1978 as a joint venture between Shaw and Biocon Biochemicals. Currently, it manufactures generic active pharmaceutical ingredients sold across 120 countries across the globe. Shaw was the former chairperson of Indian Institute of Management, Bangalore. She was awarded the Othmer Gold Medal for outstanding contributions to the progress of science and chemistry in 2014. She was also listed as the 65th most powerful woman in the world by Forbes in 2019 and was named EY World Entrepreneur of the Year 2020. 

USIBC is a business advocacy group that enlightens and encourages the private sectors of both India and the United States to enhance investment flow. 

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