ASSOCHAM Launches US Chapter in New York to Strengthen Trade & Business Ties

ASSOCHAM (The Associated Chambers of Commerce and Industry of India), is formally launching the ASSOCHAM US Chapter, based in New York, under the aegis of the recently-formed ASSOCHAM Global Investors' India Forum (GIIF ) during an Interactive Investment Forum on Fast tracking India's Growth Story with Confidence & Conviction. The Forum will also witness a Keynote Presentation by Mr. Rana Kapoor, President, ASSOCHAM and Founder & CEO, Yes Bank. on 'Make in India' - Pressing the Pedal. The ASSOCHAM US Chapter endeavors to further strengthen the India-US trade and investment corridor and establish a strong relationship with US-based investors and companies. Mr. Rohit Kapoor, Vice-Chairman & CEO, EXL Service has been appointed as the Chair of the ASSOCHAM US Chapter and Mr. Nitin Sharma, Managing Director, CIT Group Inc. as the Co-Chair. The primary aim of the US Chapter is to promote vibrant bilateral economic, social and cultural bonds, and has been mandated to extend a conducive and enabling platform to Indian and US business communities to engage and explore investment opportunities in each other's regions.

Mr. Rana Kapoor said, The relationship between India and US, building on the renewed 'sustainable' energy between our two great nations, is truly the defining partnership of the 21st century. Our shared values of democracy and entrepreneurship, as well as the visible understanding between the political leadership, are taking India and the US to the next level of economic and political partnership. I am confident that we will achieve our ambition of growing trade between our two countries five-fold to USD 500 billion.

Adding that India is at a sweet spot in terms of economic growth currently Mr. Kapoor said, With a strong and confident Government at the centre, there is a marked change in perception of the Indian economy amongst investors across the world. India is benefiting from a paradigm shift, with economic activity buoyed by expectations of 'Good Governance' and 'Effective Governance'.

ASSOCHAM endeavours to establish a conducive platform to global investors for engaging and exploring investment opportunities in India as well as improve Ease of Doing Business, promote cross-border business development and initiate strategic collaborations and partnerships.

ASSOCHAM, under the leadership of Mr. Rana Kapoor, has proactively played a vital role in impacting the policy and legislative framework to foster balanced economic, industrial and social development in India through action-oriented policy advocacy and sustained engagement with the Government, policy-makers, regulators and industry, through its existing 91 Councils - including 67 Sector Councils, 10 Regional Development Councils and 14 Business Promotion Councils (BPCs).

In an attempt to take forward the Government's vision of 'Make in India', ASSOCHAM is expanding globally through international offices in the US as well as other partner countries to invite Multinational businesses to be a part of India's economic transformation. ASSOCHAM is already present in 14 key international geographies including China, Russia, UK, Japan, Germany, UAE and Singapore, amongst others. ASSOCHAM has also signed MoUs to set up partnerships with Business Chambers in more than 75 countries.

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