Page 71 - IACC Newsletter January 2013 Issue no. 8 HD

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In the News:
Growing recognition of Indo-US trade relations: Powell
Ms. Nancy Jo Powell, US Ambassador to India.
US Ambassador Nancy J Powell recently said that there was growing recognition of the importance of bilateral trade
relations between India and USA. Inaugurating the American Business Corner (ABC) here, Powell said it was the first of
its kind in eastern India and would provide the North East region real time information about trade opportunities with
the USA. "Many potential opportunities can also be identified through ABC, besides recognition of entrepreneurship and
the opportunities existing due to government programmes," she said.
"The Northeast will fulfill its full potential and the USA will be delighted to be a partner in it", the ambassador said. ICC
North East Region Chairman M K Saharia said the bilateral trade between India and USA had grown from 5.6 billion
dollars in the past to 57.8 billion dollars at present and is estimated to increase to 100 billion dollars in future.
Entrepreneurs in the north east here had limited progress due to lack of opportunity and knowledge, he said adding ABC
would provide opportunity to traders and investors by having with it all the necessary information and putting in touch
entrepreneurs of the north east with American companies.
ABC is a collaborative effort of the US Commercial Service office and Indian Chamber of Commerce (ICC) in Kolkata as
part of a MoU for establishing three such corners at ICC offices in Assam, Bihar and Odisha. The ABC is designed to assist
the US companies in promoting their brand and generating business leads from emerging metropolitan cities in India.
Information on tourism and outbound investment services, as well as invitations to jointly organize networking events
are other features of ABC, US Consulate sources said.
Delhi entrepreneur Sharik Currimbhoy pledges $12.12 million to Columbia
12.12.12 proved to be a good date for New York's Columbia University with Delhi-based alumnus Sharik Currimbhoy
pledging a gift of $12.12 million to his alma mater.
The 33-year-old Currimbhoy, who is the grandson of the founder of herbal cosmetics empire Shahnaz Husain, chose
12.12.12 to officially announce his gift because he felt it was a lucky date and would also grab the attention of other
members of the university alumni. He now hopes that his gift will inspire many of them, especially those from India, to
contribute towards their alma mater.