April 23, 2024 11:44 (IST)
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Top US official to visit 5 Indian cities to promote investment into US
New Delhi, Sept 15 (IBNS): Ambassador Vinai Thummalapally, Executive Director of SelectUSA, will take a five-city tour of India from Sept 18-24, 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," said Thummalapally.
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 US President Barack 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, an official statement said.
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