Indo-American Chamber of Commerce's Annual Convention Concludes in Mumbai

by  EVENTFAQS Bureau Business Events | October 8, 2015 | News

IACC Indo-American Mahindra and Mahindra

The Indo-American Chamber of Commerce held their annual convention in Mumbai on Sept 28-29, 2015. The convention addressed by policy makers and Industry leaders was focussed on the challenging, but achievable target of $500 billion Indo-US trade by the year 2025. Nitin Gadkari, Minister for Road Transport Highway & Shipping, GOI addressed the session on infrastructure and logistics and said that his ministry is taking quick decisions in finding solutions to bottlenecks - an old system and archaic laws - to help boost export and trade.

The Convention was addressed by Railway Minister Suresh Prabhu, who emphasised on development of dedicated trade corridors for economical and faster movement of goods. He invited US companies to participate in the development process as it offered huge opportunities and  stated that the railways would invest $140 billion in the next 5 years. Michael J Delaney, Assistant US trade Representative for South Asia was the guest of honour and stressed on the importance of ‘Make in India’.

Indo-American Chamber of Commerce  supports the ongoing dialogue for the bilateral investment treaty; eventually  leading to a free trade agreement between India and US.  On the occasion, the Chamber partnered with Pricewaterhouse Coopers to  release a study on the Road Map to $500 billion Indo-US trade.

The Convention was also addressed by Anil Swarup - Secretary Coal and  US Consul General Thomas Vajda in  conversation with  Industry leaders  across Trade, Energy, Defence & Aerospace, Infrastructure and Financial Services sectors.

IACC’s founder member and past president late Harish Mahindra was felicitated at the convention. The felicitation was received by his son, Anand Mahindra, Chairman & Managing  Director of the Mahindra Group.