Hyderabad The Telangana and Andhra Pradesh Chapter of the Indo-American Chamber of Commerce (IACC), the apex bilateral chamber synergizing economic engagement between India and the United States, had organized a “Members Meet and Greet” event in the city. Several officers, IACC members, bureaucrats and diplomats were present.
Jayesh Ranjan, Chief Secretary of Government of Telangana, as the main guest of the event, did his best in his job of promoting Telangana and attracting investment. While addressing a gathering of Indo-American bilateral trade professionals, who are also members of the IACC-Indian American Chamber of Commerce, Jayesh said, “Telangana State offers the best of ‘India “.
On this occasion, the IACC honored two of its senior members in recognition of their outstanding service. One of them is Subba Rao Pavuluri, a Hyderabad-based space entrepreneur and CMD of Anant Technologies. Subba Rao, the space entrepreneur is a former employee of ISRO (Indian Space Research Organization). The other distinguished personality was Ramkrishna Mukkavalli, founder of Maithri Aquatech, which makes water from air.
Jayesh Ranjan addressing the gathering said, “This is an opportune time for us in India. We are faced with a strange situation. which plays a very important role in moving the supply chain around the world, is under constant threat from China. No one knows when the war between Ukraine and Russia will end. The UK is reeling from an energy crisis like never before. Given this state of global affairs, the time has come for India to emerge as a viable alternative. »
He added that: “The history of India is different; we have 28 Indias in India. The country was perceived as a difficult country to do business in. But then things changed. foreign investment. We have become an industry more “. And Telangana, India’s youngest state, offers the best of India. We have a progressive industrial policy in place, and the experience of investors who have invested in the state over the past few years has been very good.
More than 20 American companies that started with small investments in Telangana have found that everything is going well and they are re-investing. »
Jayesh told his audience that “We have an agile state and government. We are not just looking at big companies. We need investments from medium-sized companies, which are extremely valuable to us.” “We are giving more importance to medium sized companies. This is an opportune time. If you decide to invest in India, make Telangana your destination, we offer the best of India,” he said. said at the gathering of Indo-American business professionals and other entrepreneurs.
Yvon Guillaume, Acting Consul General, U.S. Consulate General Hyderabad, said, “We enjoy a strong diplomatic relationship with India, bilateral engagement and partnership with Telangana and IACC.
Trade between the two countries has increased eightfold in two decades and now stands at $159 billion, Indians have invested $12.7 billion in the United States of America. Nearly two lakh Indians are currently studying in the United States. The number was 8000 several years ago, has reached two lakhs now. These Indian students contributed $7.7 billion to the US economy last year. We continue to work together. Speaking of Telangana, Yvon said that “Telangana remains an investment choice for many companies.
Dasari Balaiah, Regional Passport Manager, said, “The world has opened up. The demand for passports and visas has increased. There is a one-month waiting period for passport maintenance. from September 3, 2022, we will also work on Saturdays to facilitate criminal record certificates.We will live up to society’s expectations.
Kapil Kaul, National Chairman of the IACC, said, “The India-US bilateral relationship dates back hundreds of years. The first American consulate was opened in Kolkata in 1792. It is one of the oldest American consulates in the world, and the oldest in India. He also announced that he will lead a 60-member IACC delegation to the United States next month.
Purnachandra Rao Surapaneni, former National President of IACC, said the Chamber has 1,500 members spread across 15 locations in India.