Dear Fellow Members,
It has been a fulfilling journey so far. IACC has embarked on the daunting task of taking Indo US trade from $100 billion to $500 billion. With your support, IACC is successfully marching ahead in catalyzing the same through organizing major events on key sectorial issues across the country & continuous interactions with policy makers at both, national and state levels.
As India is poised to achieve more than 8% GDP growth rate in the coming year, IACC has a major responsibility of driving the growth momentum & streamlining the Indo US economic partnership. This Chamber is exclusively devoted to the cause of improving Indo-US economic relations. That is our raison d'être.
I am delighted to speak about two major events organised by the Chamber recently. The Annual Convention 2016 with the theme, "Unleasing US India Economic Synergy" on 22nd & 23rd August, 2016 in Mumbai and the 12th Indo-US Economic Summit, on 14th & 15th September, 2016 in Delhi. The success of both of these mega events will go long way for the IACC.
IACC Annual Convention "Unleashing US – India Economic Synergy"– August 22nd & 23rd, 2016, Mumbai
The IACC Annual Convention is a flagship program where eminent thought leaders, policy makers as well as industry leaders find a suitable platform to discuss about the emerging opportunities the two largest democracies could offer to the world. IACC’s Annual Convention reflected on the theme "Unleashing US – India Economic Synergy". The Panel discussions revolved around various sectors and subjects: Infrastructure: Ports & Logistics, Defence & Aerospace, Oil & Gas, Dedicated Freight Corridor, Tourism, Digital India, Skill Development, Banking & Financial Services and Energy.
Some of the eminent policy makers who addressed the Annual Convention this year were Mr Nitin Gadkari, Hon’ble Minister, Road, Transport and Highways & Shipping; Mr Suresh Prabhu, Hon’ble Minister, Railways, Govt. of India; Mr Piyush Goyal, Hon’ble Minister, Power, Coal, New and Renewable Energy and Mines, Govt. of India & Dr. Sudhanshu Trivedi, National Spokesperson, BJP.
For the first time we gave the Lifetime Achievement Award for Global Leadership at the Annual Convention. This year we gave this award to Late Aditya Vikram Birla. Shri Vidyasagar Rao, Hon’ble Governor of Maharashtra kindly consented to give this award and grace the Convention. Ms. Rajashree Birla received the award on behalf of late Mr. Aditya Vikram Birla. The two day conference was very well received and have been of immense value to our members and the business community. It was widely covered by the media. Below is the link to all the media coverage for your reference.
12th Indo US Economic Summit, 14th & 15th September, 2016, New Delhi
The 12th Indo US Economic Summit is another flagship event of the chamber that focusses on contemporary themes that play a defining role in shaping bilateral relations & showcasing technical sessions on crucial sectors of Indo-US engagement. The 12th Summit deliberated on augmenting the existing two way trade to $500 billion and emphasized on sectors that foster growth.
The Summit was addressed by Chief Guest Mr. Venkaiah Naidu - Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Information & Broadcasting, Govt. of India; H.E Mr Richard Verma, US Ambassador to India and Keynote address by Ms. Harsimrat Kaur Badal, Hon’ble Minister for Food Processing Industries, Govt. of India and Mr. P. Chaudhary, Union Minister of State, Ministry of Law and Justice and Ministry of Electronics and Information Technology.
Our revenues of Rs. 9.35 crores in the FY 2015-16 were the highest in the 48 year history of the Chamber. The number of our major seminars, this year have also increased by a factor of 3.
It is my sincere hope and belief that our Chamber can grow from strength to strength, in terms of both quality and breadth of our services. This Chamber can be a catalyst in accelerating the Indo-US economic relations. This is only possible with your continued support and active involvement in the Chamber’s initiatives.
The 47th Annual General Meeting of the Chamber is to be held on Saturday 22nd October, 2016 at 11.00 a.m. at The Taj Mahal Palace, Apollo Bunder, Mumbai, Maharashtra 400001. The Annual Report is already uploaded on IACC website for your reference. The link is given below:
Wish you all a happy Dusshera and Diwali in advance.
Dr. Lalit Kanodia
Ph. D. (MIT, USA)
Indo-American Chamber of Commerce