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US Delegation visits Hyderabad to explore investment opportunities

A 15 member delegation of US Pan Asian American Chamber of Commerce (USPAACC) comprising of Presidents and CEOs from about 14 US companies and organizations visited Hyderabad, India to explore business opportunities. An International CEO & Business Leaders forum: “Challenges & Opportunities for Cooperation in the Global Economy” was organised on the occasion here at Taj Krishna, Hyderabad today. The forum is followed by One-on-One prescheduled business matchmaking meetings.

The delegation is comprised ofMs. Susan Au Allen, National President & CEO of US Pan Asian American Chamber of Commerce Education Foundation, Washington; Ms. Naheed Syed of Global Resource ManagementMr. Yatindra Sharma, MD of KHS; Ms. Kelly Fowler, Director SSM Marketing Equipment; Mr. Mehul Pathak, Head of Sourcing, Emerging Markets from ConAgra Foods, Mr. Pandurangai Radhakishore, U.S Commercial Service, Mr. Salil Sankaran, President of Amcpus Inc, Virginia; Mr. Parkash Daryani, President, Auriga Corporation, California; Mr. Charles Ramos, Founder & President of CR Dynamics, Maryland; Mr. Ravi Maniktala, President, ME Group; Mr. Grace Lo, President, Majestic Solutions, Alabama and others.

Their visit and forum was organised by The Federation of Andhra Pradesh Chamber of Commerce & Industries (FAPCCI), Hyderabad Management Association (HMA) and GMRI Technology and Services Pvt. Ltd. The forum was organised as part of the Asia Trade Mission 2012, under which a delegation from US Pan Asian American Chamber of Commerce (USPAACC), the oldest and largest national organization representing the Pan Asian American business and professional community in the United States visited Hyderabad.

The delegation explored investment opportunities, met several potential joint venture partners, and learnt about the business environment in Hyderabad and India. Some of the Asian American Businesses that form part of the visiting delegation include Ampcus Inc., CR Dynamics, FEI.com, Hanna Isul, iTech USA Inc., ME Group, RCI Technologies Inc., ConAgra Foods, PepsiCo, etc. informed Ms. Susan Au Allen, National President & CEO, US Pan Asian American Chamber of Commerce – Education Foundation, who is heading the delegation. The Asia Trade Mission (ATM) is designed to extend friendship, establish strategic connections, strengthen existing relations, promote American products and services, exploring opportunities for joint ventures, and source potential suppliers with America’s trading partners such as India, said Ms. Susan Au Allen.

Speaking further she added that they were looking at Engineering, IT, Data Entry, Health Care companies from Hyderabad for joint ventures. They were also looking for investments both in USA and India. Speaking about general perception in America about India is that it is walking away their jobs through outsourcing. Americans feel that their jobs are going to India. India has a unique advantage of single largest English speaking resource base. India is no longer cheap. Indonesia, Philippines, Sri Lanka are cheaper than India. India is moving towards hi-end jobs. It is a transformation for Indian IT industry from cheap jobs to hi-end jobs, she opined.

She suggested that small Indian companies explore going to America. Take for instance, Indian professional tailors may have much demand there. Replying to a question what India can offer to the world, she said India needs to make products the way China is doing. What we look for India is Engineering services, Health Care services. These are the areas where India’s score over Chineses. India has the advantage of English speaking workforce, she informed. She also added that India’s are more western. Indian culture is close to western culture. China doesn’t have this advantage, she said.

Addressing the gathering earlier Mr. Yatindra Sharma, MD of KHS talked about unique advantages of India, and why American companies should invest in India. And added that five top American companies have presence in India. And said that GE has 18,000 employees in India, HP 11,000, IBM 6000, American Express 4000 and Dell has 3800 companies.

Speaking about Indian consumers he said India’s want more for less. This is Indian consuver psyche, he said. If you want to start a venture in India, project yourself as a brand. Customer loyalty in India is very dynamic, he informed the delegation.

Giving details Ms. Naheed Syed, CEO, GRMI Technology and Services, who is hosting the delegation said that FAPCCI has assisted us in organizing the business matchmaking meetings and inviting the local companies that are interested in doing business with US-based companies. This investment and trade delegation is sponsored by PepsiCo, which is also a member of the delegation. They are here to meet local suppliers in the food and beverage manufacturing industry. Apart from that many small and medium US businesses are also part of the delegation with interests in call centres, staffing, IT, furniture, metal manufacturing, construction, engineering (including environmental engineering), environmental, custom injection molding, logistics sector, etc.

About USPAACC: Founded in 1984 as a non-profit non partisan organization, USPAACC is the single unified voice for equal opportunity for Asian American businesses. It promotes and propels economic growth by opening doors to business, educational and professional opportunities for Asian American and their business partners in corporate America, government at the federal, state and local levels, and the small and minority business community. For 25 years, USPAACC has served and will continue to serve as the gateway to large corporate and government contracts, top-caliber Asian American and small and minority suppliers, key information about Asian Americans and business opportunities in the dynamic Asia-Pacific market. Headquartered in Washington D.C., USPAACC reaches its nationwide network of Asian American businesses through regional chapters in California, Texas, New York, Georgia, Illinois, and the National Capital Area of D.C. – Maryland-Virginia.

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