For a change, US team holds roadshows to woo investors in India
13 Oct 2015
In a major reversal of role, the United States today held its first-ever India roadshow with the aim of attracting Indian investment.
The roadshows, being held under the US Department of Commerce's 'SelectUSA' programme, are being held from 13 to 16 October in Delhi, Mumbai, Chennai and Kolkata, respectively.
A 25-member team is visiting India for four days for its first ever roadshow in the country. Initially, the team is scheduled to visit Delhi, Mumbai and Chennai.
The team, represented by business department officials from the 11 US states including Washington, Illinois and Maryland, will invite companies in Bengal looking to invest in their states.
As part of the roadshows, the team will hold seminars, with sessions by American professionals on investment visas, legal and financial issues, investment incentives and successful strategies, the release said.
There will also be one-on-one consultations with participating US states.
Investors will be offered insights about unique incentives of each area and key contacts to guide their investment decisions.
The US delegation is being led by SelectUSA executive director Vinai Thummalapally.
India is now the fourth fastest source of investment in the United States, with $11 billion till date.
The number of Indian companies operating in the US has gone up to over 200, from an estimated 85 in 2005.