The Indo American Chamber of Commerce of Greater Houston was
established in 1999. The IACCGH was ahead of the curve when we
realized that the time had come for India to play
a major role in the Global marketplace.
We have been proved right and we are now in a time when US-India
trade relations are at a new high.
Indo-US trade has doubled since 1998
In three years, between 2001 and 2004 has gone up by 53%,
The total bilateral trade between India and USA crossed US $21
in 2004 -crossing the US$ 20 billion mark for the first time.
The US now accounts for 28 per cent of India's trade and India
of the biggest destinations for US products.
U.S. exports to India in 2004 crossed US $6 billion
(Indian exports to the US are 15.5 billion dollars).
US exports to India have grown more than $ 1 billion in a single
growing at more than 22 per cent in 2004, whereas the world-wide
exports of merchandise in the same period grew almost at just a
over 12 per cent.
On Friday April 22nd IACCGH co-hosted a Business Session
India in partnership with the Greater Houston Partnership and
Consulate General of India
The session helped focus on various aspects of "Indo US"
a) India's knowledge Industry is a major resource and has been
focus of interest in India and I am sure we will continue to
how we can continue to leverage this advantage.
b) The world is looking at India for its sourcing needs.
A major Multinational IACCGH helped do a due diligence with
after their visit to India advised us after the visit that:
1. Face-to-face communication in India is much easier than
2. India has a similar price base to China and the range of
in India is broader (bottom end same / top end higher)
3. India is the perfect "insurance policy" for sourcing if
we need an
alternative to China.
c)India's emerging middle class represents an under tapped
US businesses need to focus on-India is a major market for US
d)An area of immediate interest for US companies could be the
opportunities offered by the new thrust to improve India's
Keith Miceli welcomed the attendees.Keith recently took over as
Greater Houston Partnership's senior vice president, World Trade
Division, and is executive director of the Houston World Trade
The Partnership is Houston's leading business organization.
its Economic Development, Government Relations, Regional Issues,
Regional Planning and World Trade divisions, the Partnership
and implements integrated programs to enhance the business
business activity, job creation, economic development and
life throughout the Houston region.
The Panel was introduced by Neeraj Nityanand, Senior VP, Satyam.
IACCGH President Dr Randhir Sinha proposed the vote of thanks.
Details of the speeches are available at
If you would like more information on how to leverage the India
advantage feel free to call me at 832 746 8372 or by email at
Investors Bullish on
Friday April 22nd 2005
Houston International Festival showcasing
officially opened with a business seminar co-sponsored by the
Consul General of India, the Greater Houston Partnership (GHP)
and the Indo American Chamber of Commerce of Greater
Keith Miceli, Senior Vice President, World Trade Division and
welcomed the speakers and attendees.
India Business Council moderated the session which focused on
Emerging Role in the New Global Economy.
Panelists included Philip Ritter, Sr. Vice President,
Texas Instruments; Bharat Wakhlu, President, Tata Inc.;
and Kiran Pasricha, Confederation of Indian Industry.
speakers presented fact after impressive fact building the case
doing business with
Somers explained that
has a coherent democracy;
pluralist; secular and has 1/5th world's population and 2nd
largest military in the world.
shares common values with the
Anti-Terrorism, Anti-Human Trafficking, Anti-Narcotics and our
two countries are ideological partner re:
We have a Common Law Judicial System.
has the 2nd largest number of doctors, engineers and PhDs in the
world and sends 100,000 Students to
each Year. The
has 1.8 mil Americans of Indian Origin who are politically
significant; politically integrated Another important fact
important is the fact that 54% of Indian Population is under the
Age of 25
From all indications and from the data presented by the
remains an attractive investment destination, for entrepreneurs
who are willing to seek attractive returns over the long term."
said Wakhlu. He said that " The concept of globalization
is not altogether new. Traders from around the globe were
constantly on the look out for new routes over land and sea that
would give them access to resources and commodities that were in
demand. The drivers for globalization then as now, have been:
Discovery, Returns and Communications"
as a strong
progressive emerging market,
is changing rapidly. The speed of change is simply amazing and
is being driven by homegrown entrepreneurs and political
consensus. It has to be witnessed first-hand to be appreciated
fully. So, please come and see
for yourself. Opportunities are plenty and it is up to you to
join the train that is on the path of progress for all those on
She further explained that
has to sustain the current levels of growth in future it is very
important to improve its current state of infrastructure. While
this is a major issue today and could be an impediment to future
growth, this sector offers a tremendous opportunity for
conference Pasricha said I was amazed to see the excellent
participation and deliberations at the business panel and at the
Mayor's Gala. It clearly shows the interest
generates among the American business community.
the seminar Philip Ritter Senior VP,
International Festival Business Session was an extremely
worthwhile venue for global corporate leaders and entrepreneurs
to dialog on experiences and prospects of doing business in
Business leaders that fail to understand the opportunities for
commerce and cultural exchange with
and its people are missing one of the greatest opportunities of
the 21st century.
business session was followed by lunch Gururaj Deshpande,
Founder and Chairman of Sycamore Networks Inc. was the luncheon
To hear the complete proceedings
The group Photo shows
(standing R to L) Neeraj, Keith, IACCGH President Dr Randhir
Sinha, HiF Chair Bob Sakowitch, IACCGH Executive Director
Jagdip Ahluwalia and Pat Foley of the GHP.
(seated R to L) Bharat Wakhlu, President Tata Inc, Desh
Deshpande, Kiran Pasricha, Director CII, Ron Summers,
President US India Business Council, Phil Ritters, Senior
VP, Texas Instruments.
GHP�s Keith Miceli hands momentos to Phillip Ritter from TI
and Bharat Waklu of Tata Inc.
Dr Sinha presents IACCGH momentos to CII�s Kran Pasricha and
USIBC President Ron Sommers
Jagdip starts the Business session