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Ambassador tour to encourage Indian investment into USA

NEW DELHI : Ambassador Vinai Thummalapally, Executive Director of SelectUSA, will partake in a five-city tour of India from September 18-24, 2014, to encourage Indian investment into the United States and raise awareness of U.S. services available to Indian companies.

Ambassador Thummalapally will visit New Delhi, Hyderabad, Coimbatore, Mumbai, and Bangalore to meet with business leaders, prospective investors, trade associations, and reporters.  He will discuss the ways in which SelectUSA can help facilitate connections, answer questions from prospective investors, and demystify federal regulations.

“India is an important focus country for SelectUSA, and we’re thrilled at the positive response that we’ve seen from Indian investors and our partners here,” said Ambassador Thummalapally.  “President Obama and Secretary Pritzker have made investment facilitation a priority because we understand that investment is mutually beneficial.  Indian companies that are successful in the United States market employ more people in both of our countries.”

The tour will conclude in Bangalore, where an investment fair will include presentations by service providers that have expertise in foreign investment in the United States as well as representatives from various U.S. state economic development organizations about the opportunities that exist for investment in their respective states.

Ambassador Thummalapally will also share information on the second SelectUSA Investment Summit, to be held on March 23-24 in Washington, D.C.  The first Summit in late 2013 featured President Obama and other top-level speakers and a sold-out crowd representing 60 countries and nearly every U.S. state.  The next Summit will be approximately twice the size and will serve as a platform through which investors can learn about opportunities and make the connections they need to grow their businesses in the United States.

Established by President Obama in 2011, SelectUSA promotes and facilitates business investment into the United States.  Housed within the U.S. Department of Commerce, SelectUSA coordinates related federal government agencies to serve as a single point of contact for investors.   SelectUSA helps investors find the information they need to make decisions, connect to the right people at the local level, navigate the federal regulatory system, and find solutions to issues related to the federal government. 

In October 2013, the President hosted the first-ever SelectUSA Summit, bringing more than 1,300 people, including business executives from 60 countries, along with governors, mayors, and economic development officials from 48 states, to learn about doing business in the United States and establish networks to achieve their investment goals.  India had one of the largest foreign delegations at the summit, with nearly 40 companies attending.  The next SelectUSA Summit is scheduled for March 23- 24, 2015, in Washington, D.C.

About Sanjay Trivedi

Sanjay Trivedi is honorary editor of Asia Times. He is senior Indian Journalist having vast experience of 25 years. He worked in Janmabhoomi, Vyapar, Divya Bhaskar etc. newspapers and TV9 Channel as well as www.news4education.com. He also served as Media Officer in Gujarat Technological University.

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