IAICC to work with WTC Mumbai and AIAI to foster Indo-US SME ties
“In the next five years, India-USA relationship is going to witness historic transformation, which is not seen in the last 300 years. These two large civilizations and democracies
are natural economic partners and they need to work together to promote world peace. Indian American International Chamber of Commerce is proud to partner with WTC Mumbai and All
India Association of Industries (AIAI) to promote trade, investment and technology cooperation between both these countries. We wish to work together in enhancing bilateral relations
in sectors such as technology, energy, defence, education, agriculture, medicine, environment and entrepreneurship. IAICC is in the process of establishing federal, regional, state
and local government connection to obtain contracts for our membership,” said Mr. Malav Dani, Chairman, International Chapter of Indian American International Chamber of Commerce (IAICC),
Washington D.C. at an interactive meeting on ‘Doing Business with the United States of America”. The event was organized by
WTC Mumbai and All India Association of Industries.
Speaking on this occasion, Mr. K.V. Kumar, President & CEO, Indian American International Chamber of Commerce remarked, “Our Chamber is proud to partner with AIAI and WTC Mumbai as we observe 30th Anniversary of our establishment this month. We hope to strengthen our ties through mutual exchange of delegations and by promoting business cooperation among our SME members.”
Earlier in his welcome address, Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai remarked, “USA has become the second largest source of investment into India in 2020-21 by replacing Mauritius. USA is one of the largest destinations of India’s IT services exports, ever since India became a dominant player in Information Technology in 2000. IAICC can collaborate with WTC Mumbai, which is connected to the global network of 330 WTCs. Also, All India Association of Industries (AIAI) will work with IAICC in promoting partnership among SMEs in both the countries. AIAI has signed more than 280 MoUs with various chambers of commerce and government agencies, which will act as a catalyst to promote India-US trade.”
Speaking about bilateral relations, Dr. Kalantri said, “USA is the second largest trade partner of India, with mutual trade of USD 121 billion, including services trade. India needs technology and financial assistance from USA to accelerate its annual pace of economic growth to more than 10%. AIAI and WTC will work jointly with IAICC at its 30th Anniversary Celebration to promote this mutual relationship.”
During the event, IAICC signed memoranda of understanding (MoUs) with World Trade Center Mumbai and All India Association of Industries (AIAI). Ms. Sangeeta Jain, Senior Director, AIAI signed MoU on behalf of the association.
During the meeting, Mr. Jason Anderson, senior official, IAICC shared his vision of promoting India-USA relations in biotechnology in this age of bioengineering.
The event was attended by members of trade & industry, academia, financial institutions and others.