USIACC opens office in B'lore | india | Hindustan Times
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USIACC opens office in B'lore

The USIACC was established in 2004, in Washington DC, with a mandate to promote trade and investment between the two countries.

india Updated: Apr 05, 2006 16:48 IST

The United States Indian American Chamber of Commerce (USIACC) announced on Wednesday the launch of its India headquarters in Bangalore.

The USIACC was established in 2004, in Washington DC, with a mandate to promote trade and investment between the two countries strengthening relationships between Indian and US business in the small and medium enterprises space, its National Chairman KV Kumar told a news conference.

In the last two years, the Chamber has succeeded in building these partnerships and entered into a dialogue with leading business associations in the US and India, liaisoning with Government representatives in both countries, USIACC officials said.

Understanding the need for more structured and cooperative efforts, USIACC and ASSOCHAM has signed a Memorandum of Understanding, it was stated.

Kuman said USIACC plans to open offices in Mumbai, Delhi and Chennai.

"Through our offices here, the USIACC hopes to further enable Indian and American enterprises in forging business partnerships as well as to work with governments and related agencies in both countries, creating more conducive business ecosystems," he said.

USIACC has also signed MoUs with the US Small Business Administration, the US Departments of Energy, Agriculture, Interior, Environmental Protection Agency and the Indian Merchants Chamber in Mumbai, said its National President Bharat Bhargava.

Among the first to become USIACC's corporate partners were the New York Board of Trade, Standar & Poor's, The Coca Cola Co, HDFC and Air India, officials said.