'SelectUSA' programmme to hold India road show from Oct 13

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Press Trust of India New Delhi
Last Updated : Sep 23 2015 | 5:48 PM IST
The US Department of Commerce's 'SelectUSA' programme will hold its first-ever India road show during October 13-16 in a bid to attract Indian investments into the US.
The road show will be held in Delhi, Mumbai, Chennai and Kolkata. The programme was launched in 2011 to promote business investment into the US.
"SelectUSA invites Indian companies looking to invest in the US to register for its first-ever India Road Show being held from October 13-16 in Delhi, Mumbai, Chennai, and Kolkata," the US embassy said in a statement.
It said that India is now the fourth fastest growing source of investment in the US, with USD 11 billion of investments.
Indian firms employ around 44,000 American workers, and export more than USD 2 billion worth of goods from the US, it said, adding that the number of Indian companies operating in the US has increased from an estimated 85 in 2005 to over 200.
Top US government officials, including leaders in the Department of Commerce and SelectUSA, have made multiple visits to India in the past two years, it said.
SelectUSA has recently hired a full time staff member in Bengaluru to provide consultative support to investors throughout India.
"This staff member will work with the US Commercial Service's seven Indian offices to help Indian investors better understand the US business environment," it said.
Each road show stop will feature a half-day seminar with sessions by American professionals on investment visas, legal and financial issues, investment incentives followed by one-on-one consultations with a range of participating US states and localities.
"Participants will gain insights about the unique incentives of each area, and gain key contacts to guide their investment decisions," it added.
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First Published: Sep 23 2015 | 5:48 PM IST

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