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IACC to host US shipping & logistics delegation looking at

Indo-US collaboration Over 12 leading US companies to

meet Indian industry on February 20th in Chennai

Chennai, February 16th, 2012: Indo American Chamber of Commerce

(IACC), Tamil Nadu is for the first time hosting a delegation of more than 12leading ports, shipping and logistics companies, from the U.S to discuss and

explore Indo-U.S collaboration in this fast growing sector. IACC is holding a

B2B luncheon meet on the 20th of February at Grand Hyatt, Chennai where

the delegation will present and also hold one-to-one meetings to explore

business opportunities of working together. Francisco Sanchez, Under

Secretary of Commerce for International Trade, U.S Department of

Commerce is the Chief Guest whileJennifer McIntyre, U.S Consul General

andJudy Reinke, Counselor for commercial affairs U.S Embassy, Delhi will

chair the meet. Some of the leading shipping companies from the U.S

providing state of the art cargo equipment, port security and maritime

technology equipment such as Aecom, The Beckett Group, Container Trac,

Rapiscan Systems Inc., Thermo Fisher Scientific, Inc., DSC Dredge,. Ellicot

Dredges, Great Lakes Dredge and Dock Company, Port of Baltimore, Port

of San Diego will be in Chennai, India for the trade meet.

Jim Golsen, Principal Commercial Officer, US Consulate Chennai,

said, The Indian shipping and logistics industry has been among the fastest

growing in the last few years and the U.S Government sees huge potential in

collaboration in this space, like many other sectors. We are keen to develop


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the bilateral partnerships and with increase in container traffic of imports

and exports, this should be possible faster. The delegation that IACC is

hosting at present includes some of the leading companies in the space with

specialized expertise and we see this as a very promising beginning. We are

sure that some strategic partnerships will emerge out of this meet.

Raman Govindarajan, Chairman, IACC Tamil Nadu said India aims to

invest over USD 100 billion $ to build new ports and develop its shipping and

logistics industry by 2020 and collaboration with foreign partners is a key

component to ensure faster growth. This US delegation has some of the

leading and biggest organizations worldwide in the space, and with planned

B2B discussions with the leading Organizations from Tamil Nadu and other

Southern states, surely many deals, alliances and partnerships, can be

expected to materialize, and make our Indian products and services in this

sector more efficient and competitive world-wide, resulting in increasing

trade volumes via Indian Seas.

About IACC:Established in 1968, the Indo-American Chamber of Commerce (IACC) is a

non-government, industry led and industry-managed organization, playing a

proactive role in Indias development process and serves as a much needed

link between the business communities of India and the United States of

America. IACC is the only bilateral Chamber of Commerce in India, which is

committed to development of Indo-US business and trade relations.

The major objective of IACC is to promote Indo-American business, trade and

economic relations. IACC promotes bilateral trade, investment and

technology transfer, facilitates business collaborations, joint ventures,

marketing tie-ups and strategic alliances through a set of proactive business-

oriented initiatives.. IACC has over 2,600 members who together represent a

wide spectrum of business and economic segments: manufacturing, exports,

services et al. IACC member companies are involved in a cross-section of


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business domains such as manufacturing, engineering, construction,

consumer goods, electronics, IT, pharmaceuticals, consulting, travel and

tourism, etc.

For editorial enquiries contact: Geetha/Nivetha of PRHUB 9677092570 /9629199643 [email protected]/[email protected]

(headline )IACC to host US shipping & logistics delegation

looking at Indo-US collaboration Over 12 leading US

companies to meet Indian industry on February 20th in

Chennai

IACC to host US shipping & logistics delegation Meet

Indo American Chamber of Commerce, Shipping, Logistics, US counsel General,Jennifer

McIntyre, Francisco Sanchez, Judy Reinke, Raman Govindarajan
mailto:[email protected]:/[email protected]:[email protected]:/[email protected]

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