IACC celebrates 242nd American Independence Day

Hyderabad, June 26, 2018.. The Andhra Pradesh and Telangana Chapter of Indo-American Chamber of Commerce (IACC) celebrated 242nd American Independence Day here in the city Tuesday evening in a city hotel .

Shailendra Kumar Joshi, Chief Secretary, Govt of Telangana;Katherine Hadda, Consul General, Consulate General of the United States ofAmerica, Hyderabad; Suresh Chukkapalli, Chairman, Phoenix Group and HonoraryConsul General of Korea, Telangana; Jayesh Ranjan , Principal Secretary IT&ES, Govt of TS and severalothers participated in the celebrations.

S. Purnachandra Rao, Regional President IACC giving hisopening remarks said in every hospital, manufacturing company there is anIndian in America. Nearly 3 million Indians live in America. 80 per cent ofAmerican working Visas are issued in India and Hyderabad leads there.

IACC lead by Srikanth Badiga, its Chairman; Vijayasai Meka,Vice Chairman  and other office bearersalso graced the function. Welcoming the gathering Srikanth BADIGA highlightedamong other initiatives IACC working on includes Mentoring Women Working fromhomes

IACC exchanged MoU with Gurpreet Bhatia, State ProjectOfficer of UNDP.

IACC is acting as a bridge between India and USA. Looking atCatherine Hadda, US Consular General, Dr. Shailendra Kumar Joshi, ChiefSecretary said you are three times older than us. But we have 5000 years oldancient civilisation.

Three things are common to both the countries—Dreams,Diversity and Democracy. We are the largest functional democracy and you arethe oldest, he said.

Speaking on the occasion Jayesh Ranjan said there is specialbonding forged between US and Telangana in the last 4 years. Many Americancompanies in multiple sectors such as Pharma, Defence and Aerospace  with increasing intensity are engaging withlocal companies or working on collaborations. 

Speaking on the occasion Katherine Hadda said, “India andthe United States have much more to offer to the world, including the ideals ofjustice, freedom, liberty, prosperity, and pluralism.  Fundamentally, we are bound by a sharedpolitical philosophy on the relationship between citizens and theirgovernment.”

“Our strategic defense partnership is stronger thanever.  In just two weeks, on July 6, theUnited States and India will hold its inaugural 2+2 dialogue in Washington DC,where the U.S. Secretaries of State and Defense and the Indian Ministers ofExternal Affairs and Defense will meet to discuss how we can continue tostrengthen our strategic and security ties. There is still more work to be done to expand the bilateralrelationship, and dialogues such as this are essential to the process.”, sheinformed.

 “The Indian diaspora,and especially the Telugu-speaking community, have long played a major role inbringing our societies closer together. According to the 2012-2016 American Community Survey, Telugu is thethird most widely spoken Indian language and the 20th most spoken language inthe United States.  I am often told thatevery fourth person here has family ties in the United States, though based onmy many encounters with people here and in Andhra Pradesh, I’m starting tosuspect that may be an underestimate! Telangana and Andhra Pradesh are also among the states in India thatsend the largest number of students to the United States.”, Catherine stated.

“It is a pleasant coincidence, Catherine Hadda added thatthe IACC celebrated its 50th anniversary in late 2017, just as the UnitedStates and India were celebrating 70 years of friendship.  As we celebrate America’s Independence Day, Iwould like to take this opportunity to renew our commitment to the IACC, and tothe governments of Telangana and Andhra Pradesh, to support greatercollaboration and economic cooperation between our two countries. “

Suresh Chukkapally, Honarary Consul General of Korea inTelangana PHOENIX Group said that they were keen to work with US ConsularGeneral as it is our focus area as well

250 industry leaders, IACC members graced the celebrations.

IACC was established in 1968. It is the apex bi-lateralChamber synergizing India-US Economic Engagement. It was started by AmbassadorChester Bowles along with the then Industry leaders and visionaries like Mr. SL Kirloskar, Mr. Harish Mahindra, Mr. H. P. Nanda, Mr. Ambalal Kilachand, Mr.A. M. M. Arunachalam, Mr. Frederick Fales and Mr. John Oris Sims for enhancingUS India Economic Engagement.  IACC isone of the Chapters representing AP and Telangana State.

 Today IACC has panIndia presence with 2400 members, representing cross section of US and IndianIndustry.

IACC’s vision is “To be the principal bilateral chambercommitted to the promotion of industrial, economic, business and commercialactivities between the united states of America and India”

 And it’s Mission isto act as a catalyst in promoting economic growth between the two countries andto protect and promote the collective bilateral needs and interests of theIndo-US business community. And also lobby with two governments on significantbilateral issues affection Indo-US commerce

The Indo-American Chamber of Commerce (IACC), has set atarget of $500 billion through bilateral trade between India and US, by 2022.

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