Page 65 - IACC Newsletter March-April 2014 Issue 03

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“Forces backed by Big Pharma, including the most powerful special interest business lobby in the United States, the
Pharmaceutical Research and Manufacturers of America (PhRMA) , chaired by Pfizer’s Ian Reid, the Global Intellectual
Property Center of the US Chamber of Commerce, and the National Association of Manufacturers, continue their
campaign to downgrade the reputation of Indian pharmaceuticals in order to maintain market share and destroy
competition”, said a press release from India First Group.
During 2012-13, drug exports from India to the US were $4.23 billion and the US accounts for about 25 per cent of
India’s drug exports. India provides about 40 per cent of the generic and over-the-counter drugs consumed in the US.
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U.S. Consulate General Inaugurates American Business Corner in Indore
Mumbai – U.S. Principal Commercial Officer Camille Richardson today inaugurated the American Business Corner (ABC)
in partnership with the Indore Management Association in Indore, Madhya Pradesh.
Speaking at the occasion, Ms. Richardson said, “The American Business Corner in Indore will foster new trade and
investment links between the United States and India, helping create jobs in both of our countries. The selection of
Indore underscores our belief that much of India’s future growth will come from cities like Indore.”
The Indore ABC is the second such initiative in western India, the first being in Surat, Gujarat. ABCs allow the Foreign
Commercial Service to organize programs, visits, events and disseminate information on U.S. Government programs to
connecting Indian buyers to U.S. suppliers, and Indian investors to opportunities in the United States.
Indian-American Student Presented With Congressional Award In U.S.
A 17-year-old Indian-American student has been presented with the prestigious Congressional Award Gold Medal, which
is Congress' highest award for youth in the United States.
Soham Daga was presented with the award at a ceremony held at the Capitol Hill last week along with 282 other
recipients from across the country. To earn the award, individuals must spend two years or more completing at least 400
hours of community service, 200 hours of both personal development and physical fitness activities, and a four-night
expedition or exploration. "Soham is an exceptional young man who worked tirelessly to help others and achieve very
challenging goals," said Congresswoman Grace Meng.
Daga - who resides in Meng's district in Forest Hills, New York - fulfilled his community service by volunteering for Boy
Scouts service projects in New York City, particularly in the borough of Queens. He cleaned parks and cleaned and
painted churches, senior citizen facilities, and public schools. He also helped install and maintain landscaping.