Google's Pichai to receive USIBC award

Washington: Google's India-born CEO Sundar Pichai and Nasdaq President Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019 by business advocacy group USIBC in recognition of the two companies' contribution as the leading technology-driven platforms.

The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, 46, and Friedman, 50, during the next week's 'India Ideas Summit'. Given annually since 2007, the USIBC Global Leadership Awards recognise top corporate executives from the United States and India whose companies play a major role in catalysing growth in the US-India commercial corridor.

With companies like Google and Nasdaq at the forefront, bilateral trade in goods and services has grown by nearly 150 per cent over the past five years to reach $142.1 billion in 2018, the USIBC said. "Growing up in India, I saw the profound impact technology has on improving people's lives, and I am proud that Google has been able to contribute to India's exciting growth story," Pichai said.

"At the same time, India is playing an increasingly important role in helping Google build products for the US and globally, and we're only at the beginning of what's possible," he said in an accompanying statement. The US-India relationship has never been more critical, he added.

According to Friedman, the work performed by the USIBC is critical to promoting mutually beneficial commercial and cultural ties between the US and India. "At Nasdaq, we greatly value our partnership with the National Stock Exchange of India, as well as our advanced technology development centre in Bengaluru. We greatly admire the opportunity and innovation that India represents as a world leading center of talent and technology," Friedman said.

Noting that India is seen as a market with enormous potential for the US companies, US Chambers of Commerce president and CEO Thomas J Donohue applauded the efforts of Pichai and Friedman to engage one of the globe's most promising emerging markets.