If the Indian Prime Minister has been wooing investors through the ‘Make In India’ campaign, the United States is not far behind. A delegation from the United States is all set to initiate the ‘SelectUSA’ programme roadshow from October 13-16.
The first-of-its-kind roadshow will commence in Delhi and move to Mumbai, Chennai and Kolkata with the aim of wooing Indian investors.
As a part of the entire campaign, the American delegates will talk about and clarify issues on matters like investment visas, legal issues, financial hurdles and investment incentives. The contingent is also scheduled to brief the Indian investors on successful strategies.
In addition to one-on-one consultations with participating US states, the delegates will apprise potential investors of incentives offered by each area and contacts of key officials who can provide in-depth information about investment opportunities in different regions of the United States.
Indian is one of the fastest growing sources of investment in the United States. Till date, Indian companies have invested $11 billion in US. The number of Indian companies doing business operations in the United States has increased drastically from 85 in 2005 to more than 200 as on date.
The ‘Select USA’ program was launched by US President Barack Obama in 2011 with the objective of inviting business investment in the country. The US delegation in India is being led by SelectUSA Executive Director, Ambassador Vinai Thummalapally.