Indo-American Chamber to hold summit in New York

To foster trade between India and the US, the Indo-American Chamber of Commerce, the only bilateral chamber for Indo-US business, is organising SUITE- 2009 (Summit for US-Indian Trade & Economics) on September 10 and 11, 2009 in New York.

The objective of SUITE-2009 is to explore and leverage potential synergies with the US as a strategic business partner, IACC Secretary General R K Chopra told reporters here today.

India would be represented by a delegation from various industries where key policy decision makers, federal and state government ministers, consultants, lawyers, business owners and technocrats of both the countries are expected to participate, he said.

Six companies from India including Cisco, Wipro and Quest have confirmed their participation for SUITE 2009, Vice- Chairman IACC (Karnataka) Raj Rajkumar said.

The event would focus on IT, ITES, education, food processing, power, energy, healthcare (wellness tourism) and infrastructure sectors Chopra said. It would also help Indian companies who wish to go to US for acquisition purposes, he added.

Chairman IACC (Karnataka) Vasanth Kini said in view of the economic downturn "more global corporations will be looking at India as a partner country for becoming globally more competitive".