th annual report 2016 -17 … · apex bilateral chamber for indo-us business t he indo-american...

Apex bilateral Chamber for Indo-US business

Mumbai New Delhi Chennai Kolkata Ahmedabad Bangalore Cochin Hyderabad Pune Varanasi

www.iaccindia.com

48th ANNUAL REPORT 2016 -17


The Indo-American Chamber of Commerce (IACC), established in 1968, is the apex bi-lateral Chamber synergizing India-US Economic Engagement. It was started by Ambassador Chester Bowles along with the then Industry leaders and visionaries like Mr. S L 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 enhancing US India Economic Engagement. Today IACC has pan India presence with 2000 members, representing cross section of US and Indian Industry. 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 acts as a catalyst for sustainable growth of business between India and the US. In its four decades of existence, IACC has established operational connectivity with a host of business, research and developmental institutions in India and US in order to leverage each other’s capabilities for enhancing Indo-US business relations. The Chamber continuously interacts with the Indian and US Governments, and provides them feedback on bilateral issues relating to trade and investment. In essence, IACC also acts as a forum for its member companies to interact with senior functionaries of both the Governments. IACC member companies are involved in a cross-section of business domains such as manufacturing, engineering, construction, consumer goods, electronics, IT, pharmaceuticals, consulting, travel and tourism, etc. The geographical spread of IACC is unique as it operates through 10 offices located throughout the country. These are in Mumbai, Kolkata, Delhi, Chennai, Ahmedabad, Bangalore, Cochin, Hyderabad, Pune & Varanasi.

Vision “To be the principal bilateral Chamber committed to the promotion of industrial, economic, business and commercial activities between

the United States of America and India”

Mission • Toservethebusinessneedsofourmembers• Toactasacatalystinpromotingeconomicgrowthbetweenthetwocountries• ToprotectandpromotethecollectivebilateralneedandinterestoftheIndo–USbusiness

community• ToeffectivelylobbywiththetwogovernmentsonsignificantbilateralissuesaffectingIndo–

US Commerce

2

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

President’s Message

India and US can jointly collaborate in order to propelling the economic

development and in turn to the betterment of society in general.

IACC has added another exciting year to its annuals. It was, indeed, a delightful for me to be at the helm affairs, in this significant trajectory, packed witheconomic, political and social developments. As the organization is entering its 50th year of its existence, our responses to these changing scenarios were well modulated and calibrated. We are now at a crossroads of time and space to take stock of our achievements and importantly challenges ahead to continue with

our leadership as a proactive and forward looking bi-national chamber and the most vibrant rallying point for the Indo-US economic engagement and track two dialogues.

The political stability, strong and visionary leadership have helped our country to take many radical decisions, which will have significant impact onthe economy in general and Indo-US economic partnership in particular. Our resolution to move towards a transparent nation and a nerve center for economic activities is hailed by comity of nations and multilateral organizations. If demonetization was an unprecedented step, which no country of our size and economic depth, has tried, Goods and Services Tax (GST) was an actualization of the felt needs of all layers of the political economy. Concomitant to those developments, we scripted a revolution of sort in the digital space. Welcome shift towards digitization is a trigger of the demonetization. Apart from ingraining transparency inourfinancial sector,demonetization seeks to bridge the digital gap that existed in our economy. Popularization modern systems of transactions, such as credit and debit cards and other variants like Paytm, which are now widely usedbyallsectionsofthesocietyisdirectpayoffofthe demonetization. GST, which was caught up in the political cauldron now all on a sudden become a reality. Yes, we have to improvise on the structure as we move towards a GST of a few rates, less segmented and complicated.

The envisioned India is spectacular in every sense. Massive investments are taking place in the infrastructure sector. We are solidly chasing our agenda to become secured in the energy front. There are real time indicators to demonstrate our healthy pathways in manufacturing, aerospace, defense, and in a host of other segments. The government is committed to usher in an accelerated growth with macro economic variables like inflation, current accountdeficit,foreignexchangereservesetcareinplace. The recent reduction of the repo rate by the

3


RBI signals the government’s determined approach to bring in buoyancy in the economy to spur growth, income and employment. Let us hope that the by the turnofthenextfinancialyear,theeconomicslowdownblues will bottom out, ushering in a new trajectory of stability, hope and optimism, particularly in exports, industrial growth and agricultural production.

The dimensions of Indo-US economic cooperation has kept in pace with our expectation, though I have a nagging feeling that many of the achievements are not properly tracked or underplayed. May be there is a Graham’s law of economics (bad money drives out good money out of circulation) operating in the public sphere as well. Good deeds may get hidden in the façade of lackluster developments. Here I am referring to the restrictions placed on the US visa regime, which have grabbed the headlines of the media for quite some time. Yet, the reporting of the subsequent relaxations in the visa rules, though not on the expected lines, is not as sharp as it ought to be. Let us hope that status quo is restored in the visa rules, which can act as a force multiplier in our economic engagement as well. Needless to say, IACC isperhapsthefirstonetopresenta“wish list”to President Trump immediately after him getting elected. We have touched upon a number of areas in the bouquet of wishes that both administrations should address for addressing the vexatious issues like early conclusion of the bilateral investment treaty, adequate protection to intellectual property rights, increased cooperation between small and mid -sized companies of both countries, cutting down the bureaucratic delays, particularly at the state levels etc. We have also brought to the notice of the US administration the need for earliest signing of Totalization agreement and channelizing more investments into India particularly in the infrastructure and energy sectors, for the mutual advantage.

Having said so, we should not lose track of some of the breakthrough developments achieved in the recent past in changing the perception in the US that the Indians are ‘stealing’ jobs from the US citizens either through outsourcing the works to India or Indianprofessionalsofferingtheirservicesatalesser

wage in the US. Let the facts speak for itself. In the recent days, the Indian airline companies have placed orders for acquisition of 900 aircrafts. Of these, most of the orders are placed on the US aviation behemoth –Boeing. These orders worth several billiondollarswillbesupplied in thenextfiveyearsorso.For thefirst timearound, Indiahas started importingcrudeoil from the US, which would aggregate to several billion dollars. The value of drones that India will be importing from the US is upwards of US$ 100 billion. The US is the major supplier of military equipment to India. Co-operation in the energy sector, particularly in the alternative sources of energy is at an all time high. Mobile telephony, genetics, healthcare etc. are the other areas that the US is increasingly engaged in India,wherethe Indian importneedsaresignificant.Against this backdrop, the perception that Indians arestealing theUS jobs isafigmentof imagination.Yet, the challenge for us to drive these hard facts into the public mind in the US that how India’s imports and technology co-operation are creating thousands of gainful employment in that country and how the US exchequer gets enriched from this growing cooperation.

Admittedly, the US economic landscape is changing. Automation, artificial intelligence, sensors, dronesetc. have shrunk the job market in the US. The conventional job market is on a great shakeout. No longer can we depend on the low end software development to penetrate into the US IT market. Technology and innovation hold the key. Type of expertise that the US need now is highly specialized. They need newer technologies, men and women to develop and operate their systems running on artificial intelligence, embedded technologies,internet products and the list is growing. This is where India should focus. Our skill sets have to be reoriented to meet the growing needs of the US businesses. That also is the greatest challenge before us.

As a responsible bi-national organization, which is the rallying point of the Indian and the US corporations, we have espoused many areas that Indian administration should fast track. India has to align the IPR regime with the best in the world to signal maturity of our economy. Our legal architecture should be fine

4

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

tuned to cut down the judicial delays. The proposed commercial courts in every state should become a reality and should dispose of the cases in one year, the limit set. Arbitration and other alternative dispute redressal mechanisms should be more popularized and awards and decrees of such bodies should carry certain degreeoffinality. India shouldmoveup in thevaluechain in ensuring ease of doing business. Importantly, our bilateral trade should peak to US$500 billion in the conceivable future. A new target should be set up for channelizing investments into each other’s country. IACC will continue to flag these areas for taking our engagement into a new orbit of growth.

Let me turn now to the calendar of events. Hardly was there any day passed without an event. While the state level programs had the main focus regional and state issues that are connected to India - US cooperation, our national programs, I might refer to them as big ticket events, had their focus on the Indo-US engagement at the macro levels. To name a few: our agenda was comprehensive to cover areas like smart city, tourism, education, aerospace and aviation, defense, trade, investment, infrastructure, occupational safety at the factory level, labor welfare and the list goes on. The common thread that bound these programs together were their focus on Indo-US cooperation, untapped potentials that exists to harness, need for technology cooperation and, of course, channelizing more investments.

I am grateful to the union and state level ministers, the US ambassador and other senior level embassy officials, government secretaries of government of India, senior officials of the state governments, experts etc. who have graced various meetings at differentcentersandtheirperceptiveaddressesandobservations. We were also fortunate to host various business delegations and experts from the US. We have also mounted delegations to the US to scout for business in various sectors.

The ensuing pages contain pictorial detailed reports of these events and I am sure, will give an idea about the range and depth of this year’s activities. I deem it a privilege that I had the opportunity to address many of these meetings and interfaces across the country.

As we approach the golden jubilee year, we have to introspect on our future activities to continue to be anorganizationwithadifference.Wehave to strikeways to co-create new paradigms with the help of businesses and administrations of both countries. We have to imaginatively apply ourselves not only to consolidate the bi-lateral business prospects but also to create newer ideations to enhance quality of engagements to move in value chain.

Indeed, it was a satisfying year for me. For any growing organization,therewillbeunfinishedagenda.Thatisa natural process and we have to objectively identify them and create a roadmap for chasing that set vision together to emerge stronger, loftier and greater to serve the business community and to become a strong partner in development.

Before, I conclude I might place on record my sincere thanks to our executive vice presidents Mr. Vasant Subramanian and Mr. Lalit Bhasin for their unstinted support and co-operation. They supported me to the hilt. I am also equally grateful to regional presidents, chairmen of various committees, state chapter presidents, executive committee members and all our membership across the country. Last but not the least the secretariat ably led by Mr. Atul Vyas and his team of officers spread across the country for their sincere effortstomakethisyear’seventsmemorable.AsIpasson the baton to the next president, I am imbued with a feeling that the future of this organization is safe in their able hands.

N. V. SrinivasanIACC National President

5


Executive Council List for the year 2016 – 2017

Name Title in IACC Company Name

Mr. N V Srinivasan President NVS & Associates, Advocates & Legal Consultants

Dr. Lalit Kanodia Immediate Past President Datamatics Ltd

Mr. Vasant Subramanyan Executive Vice President Last Peak Data Pvt Ltd

Dr. Lalit Bhasin Executive Vice President Bhasin & Co, Advocates

Dr. Prasad Medury Member Amrop India Consultants Private Limited

Mr. Atul Sharma Member Link Legal India Law Services

Mr. S K Sarkar Member Sarkar & Associates

Mr. Asoke K Laha Member Interra Information Technologies Inc.

Ms. Priya Chetty Rajagopal Member RGF Executive Search

Mr. C Suresh Reddy Member Hanu Reddy Realty India Pvt Ltd

Mr. T.N. Venkatanarayanan Member DivIHN Soft Systems P Ltd

Dr. Sankaran Raghunathan Member National Management School

Mr. S Ravishankar Member Super Auto Forge Pvt Ltd

Mr. Nitin Deshpande Member Valence Health Solutions India Pvt Ltd

Mr. Raghvendra Ponkshe Member Bhate & Ponkshe

Mr. Prashant Krishnan Member S'Tronics Pvt Ltd

Mr. Pankaj Bohra Member Pankaj Bohra & Co

Mr. S. Purnachandra Rao Member Global Infovision Pvt Ltd

Mr. Shantanu Deb Mookerjea Member INVIGORSYS CONSULTANTS LTD

Ms.MadhulikaGupta Member ReputePublicAffairs&CSRSolutions

Mr. Sunder Advani Member Advani Hotels & Resorts (India) Ltd

Mr. Nanik Rupani Member Neutron Electronic Systems Pvt Ltd

Mr. Ravi Vishnu Member Cosyn Limited

Mr. R.N. Ghosal Member Tide Water Oil Co. (India) Ltd

CO-OPTED MEMBERS

Name Title in IACC Company Name

Mr. Annam Dilip Kumar Co-opted Member - SIC Fortune Bio-tech Ltd

Ms. Rajyalakshmi Rao Co-opted Member - WIC Rewas Ports Limited

Ms. Heena Gorsia Co-opted Member - EIC Gorsia Handicrafts & Design Pvt Ltd

Mr. Ahsan Khan Co-opted Member - NIC Ahsan Exports

6

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

NOTICE NOTICE is hereby given that the Forty Eighth Annual General Meeting of Indo-American Chamber of Commerce will be held on Wednesday, September 27, 2017 at 10.30 a.m. at the Rooftop Rendezvous, Taj Mahal Palace, Mumbai to transact the following business:-

ORDINARY BUSINESS:1. To consider and adopt the report of the Executive Council (EC) and the Audited Statements of Accounts for the

Financial Year ended March 31, 2017.

2. To elect Members to the Executive Council in accordance with the Articles of Association of the Chamber, in place of members who have retired by rotation. The Nomination Committee has nominated the members for election to the EC, Regional Councils and Branch Committees for the year 2017-18. The list of members nominated by Nomination Committee is attached as “Annexure A”.

No additional candidates have been nominated as per Article 44 (f ).

SPECIAL BUSINESS:3. AppointmentofAuditorstofillCasualVacancy: ToappointAuditorsoftheCompanyandtofixtheirremunerationandifthoughtfit,topasswithorwithout

modification,asOrdinaryResolution “RESOLVED THAT pursuant to the provisions of Section 139 and other applicable provisions, if any, of the

CompaniesAct,2013andtheCompanies(AuditandAuditors)Rules,2014(includinganystatutorymodification(s)or re-enactment thereof, for the time being in force), M/s. Shah Gupta & Co., Chartered Accountants, Mumbai (Firm Registration No.: 109574W) be and is hereby appointed as Statutory Auditor of the Company in place of M/s. M P Chitale & Co., Chartered Accountants, Mumbai (Firm Registration No.: 101851W), the Statutory Auditor,toholdofficeforaperiodoffiveyears,fromtheconclusionofthisAnnualGeneralMeetinguntiltheconclusionofthe53rdAnnualGeneralMeetingoftheCompany,subjecttoratificationbytheMembersateveryAnnual General Meeting, at such remuneration as applicable and reimbursement of out-of pocket expenses in connectionwiththeauditastheExecutiveCouncilmembersmayfixinthisbehalf.”

4. Adoption of new set of Articles of Association: Toconsiderandifthoughtfit,topassthefollowingresolutionwithorwithoutmodificationasSpecialResolution: “RESOLVED THAT pursuant to provisions of Section 14 of the Companies Act, 2013 read with Companies

(Incorporation)Rules,2014(includinganystatutorymodificationorre-enactmentthereofforthetimebeinginforce), and any other applicable provisions, if any, the draft Articles of Association as approved by the Executive Council members (as attached herewith) be and is hereby approved, subject to the approval of Registrar of Companies.

RESOLVED FURTHER THAT any of the Executive Council members be and is hereby authorized to do all such acts,deedsandthingsasmaybenecessaryorincidentaltogiveeffecttotheaforesaidresolution.”

Date: 02.09.2017Place: Chennai

Registered Office:Indo-American Chamber of Commerce1C Vulcan Insurance Bldg Veer Narikman Road, Mumbai-400020CIN: U74999MH1968GAP014120

By Order of Executive CouncilFor Indo-American Chamber of Commerce

Atul VyasActing Secretary General

7


NOTES:1. The relevant Explanatory Statement pursuant to Section 102 of the Companies Act, 2013, relating to Special

Business to be transacted at the Annual general meeting, is annexed hereto.

2. If at the expiration of half an hour from the time appointed for holding a General Meeting, a quorum is not present, the meeting shall stand adjourned to the same day and in the next week at the same time and place, or to such other day and at such other time and place as the Executive Council may determine, and if at such adjourned meeting a quorum is not present at the expiration of half an hour from the time appointed for holding the meeting, the Members present and entitled to vote shall be a quorum, and may transact the business for which the meeting was called.

3. The instrument appointing a proxy shall be in writing under the hand of the appointer or of his attorney duly authorised in writing.

4. Corporate Members intending to send their authorized representatives to attend the Meeting pursuant to Section113oftheCompaniesAct,2013arerequestedtosendtotheChamber,acertifiedcopyoftherelevantBoard Resolution together with their respective specimen signatures authorizing their representative(s) to attend and vote on their behalf at the Meeting.

5. A member entitled to attend and vote at the meeting shall be entitled to appoint a proxy to attend the meeting and the proxy need to be a member of the Chamber.

6. Proxies in order to be valid must be deposited at the registered office of the Chamber not less than forty-eight hours before the time for holding the meeting.

7. All the documents (including the draft of the amended Articles of Association) referred to in the accompanying Notice are open for inspection at the registered Office of the Company on all working days between 11.00 A.M to 5.00 P.M up to the date of AGM.

8. The Register of Directors and the Register of Contracts and Arrangements maintained under Sections 170 and 189 of the Companies Act, 2013 respectively are available for inspection at the registered office of the Company during business hours between 11.00 A.M. to 5.00 P. M. except on holidays and will be made available for inspection at the venue of the meeting.

9. MembersarerequestedtobringdulyfilledinattendanceslipalongwiththeircopyofAnnualReporttotheMeeting.

8

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

EXPLANATORY STATEMENT(Pursuant to the provisions of Section 102 of the Companies Act, 2013)

Item No. 3: Appointment of Auditor to fill Casual Vacancy

Members of the Chamber are hereby informed that the Executive Council members in their meeting held on September 02, 2017 at Chennai took note of the Resignation Letter received from M/s. M/P Chitale & Co., regarding their unwillingness to continue as Statutory Auditor. The causal vacancy being created, the EC members in the same meetingapprovedtheappointmentofM/s.ShahGupta&Co,CharteredAccountantsbearingfirmRegistrationNo.109574W subject to approval by members of Chamber.

The Company has received the consent letter from M/s. Shah Gupta & Co, Chartered Accountants.

Item No. 4: Adoption of new set of Articles of Association

Executive Council in its meetings held on May 06, 2017 & July 08, 2017 at Kolkata and Bangalore respectively approved the amended draft of Articles of Association of the Chamber (attached as “Annexure B”). The purpose of amendment is to bring the Articles of Association of the Chamber in line with the requirement of the Companies Act, 2013 and efficiency.

Being a Section 8 Company, the Chamber is required to obtain the approval of the Registrar of Companies (ROC) for amending the Articles of Association.ThenecessaryapplicationhasbeenfiledwiththeROC.

9


ANNEXURE ANOMINATION RECEIVED FOR EC BY NOMINATION COMMITTEE FOR THE YEAR 2017 – 18

• Ms.ManjulaChawlaECMemberwasnominatedinplaceofvacancyduetoresignationofMr.BaljitSobti.

• OneECMemberPositionisstillvacantinplaceofvacancyofMr.KPadmaKumar.

• OneECMemberPositionisstillvacantinplaceofvacancyduetoresignationofMr.VinayKumar.

• Mr. Suresh Kotak has been nominated as ECMember fromWIC andMs.Madhulika Gupta (fromWIC) hasresigned as EC Member.

• Mr.C.SureshReddyECMemberretiresbyrotationandhasbeenre-nominatedasECMemberfromSIC.

• Mr.N.RamachandranhasbeennominatedasECMemberfromSIC.

• Dr.ManoharhasbeennominatedasECMemberfromSIC.

• Mr.TarunKhushalanihasbeennominatedasECMemberfromSIC.

• Mr.RajeshRathihasbeennominatedasECMemberfromSIC.

• Ms.RajyalakshmiRaoretiresasaCo-optedECMemberfromWICandisnominatedasECMemberfromWIC.

• Mr.NaushadPanjwanihasbeennominatedasECMemberfromWIC

• Mr.RaghavendraPonksheECMemberretiresbyrotationandhasbeenre-nominatedasECMemberfromWIC.

• Mr.PrashantKrishnanECMemberretiresbyrotationandhasbeenre-nominatedasECMemberfromWIC.

• Mr.PankajBohraECMemberretiresbyrotationandhasbeenre-nominatedasECMemberfromWIC.

• Mr.AhsanKhanCo-optedECMember,NIChasbeenre-nominatedasCo-optedECMemberforoneyear(2017-18) from NIC.

• Mr.SudiptaDashasbeennominatedasCo-optedECMemberforoneyear(2017-18)fromEIC

• Mr.JaiminShahhasbeennominatedasCo-optedECMemberforoneyear(2017-18)fromWIC

• Mr.RBVVNarasimhaRajuex-officioMember(RegionalPresidentSIC)hasbeennominatedasCo-optedECMember for one year (2017-18) from SIC

*One Co-opted EC Member position is still vacant from SIC.

10

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Nominated Executive Council Members FY 2017-18:NIC:1. Dr. Lalit Bhasin2. Dr. Prasad Medury3. Mr. Sanjay Mehta 4. Mr. S K Sarkar5. Mr. Asoke Laha6. Ms. Manjula Chawla

SIC:7. Ms. Priya Chetty-Rajagopal 8. Mr. Ravi Vishnu 9. Mr. S Purnachandra Rao 10. Dr. Sankaran P. Raghunathan11. Mr. S. Ravi Shankar 12. Mr. T.N. Venkatanarayanan13. Mr. C. Suresh Reddy 14. Mr. N. Ramachandran 15. Dr. Manohar 16. Mr. Tarun Khushalani17. Mr. Rajesh Rathi18. Vacant 19. Vacant

WIC:20. Mr. Sunder Advani21. Mr. Suresh Kotak 22. Mr. Nanik Rupani23. Ms. Rajyalakshmi Rao24. Mr. Naushad Panjwani25. Mr. Raghavendra Ponkshe26. Mr. Prashant Krishnan 27. Mr. Pankaj Bohra

EIC:28. Mr. Vasant Subramanyan29. Mr. S D Mookherjea30. Mr. R N GhosalCo-opted Members:1. Mr. Ahsan Khan2. Mr. Sudipta Das3. Mr. Jaimin Shah4. Mr. R B V V Narasimha Raju5. Vacant

Nominated Regional Council Members FY 2017-18:Sr. No. EIC- RC1 Mr. Prabir Dasgupta2 Mr. Basant Kumar Nahata

3 Mr. Anil Vaswani4 Mr. Subrata Talukdar5 Mr. Anindya Dey6 Mr. Rajib Basu7 Mr. S P Mukherjee8 Mr. Dhruv Bhalla9 Mr. Sandip Banerjee10 Mr. Ashish Chhawchharia11 Mr. B L Chandak12 Mr. Vinod Kumar JainCo-opted Members:13 Mr. Dibyalok Pattnaik14 Mr. Shoolpani Singh15 Mr. Mahabir Prasad Jalan

Sr. No. WIC-RC1 Ms. Madhulika Gupta2 Mr. Naushad Panjwani3 Mr. Suresh Kotak4 Ms. Poorvi Chothani5 Ms. Madhavi Vora6 Mr. S.D. Israni7 Mr. Gautam Trivedi8 Mr. Dilip Dandekar9 Mr. Manoj Gursahani10 Mr. Kaushal Mehta11 Mr. Samir Shah12 Mr. Devesh Hingorani13 Mr. Prashant Pansare14 Mr. Arvind Jolly15 Mr. Ninad Karpe16 Mr. Saurabh Sonawala

Sr. No. NIC - RC1 Mr. Yash Kansal 2 Mr. Aseem Chawla3 Mr. Raman Roy4 Ms. Aruna Sethi5 Ms. Rita Singh6 Ms. Preetha Nair7 Ms. Rinki Dhingra8 Mr. Gurnam Arora9 Mr. Ashish Wig10 Mr. Sanjiv Bali11 Mr. Arun Karna12 Mr. Manoj K Singh

Sr. No. SIC- RC1 Mr. Chander K Baljee2 Mr. Kannatt Surendran3 Mr. Manpreet Sachdev4 Mr. S Purnachandra Rao 5 Mr. Madan Mohan Reddy6 Mr. Chandrajit Narra

11


7 Mr. B. Hariharan8 Mr. A. Sekhar9 Mr. H.E. Abdul Azeez10 Mr. Shamil Bicha11 Mr. S. Ramprasad12 Mr. M. N. Padmanabhan Co-opted Members:1 Mr. Rakesh Prabhu 2 Ms. Suja Isaac

Nominated Branch Committee Members FY 2017-18:Sr. No. AP&TS Branch Committee1 Mr. Vijayasai Meka2 Mr. Vasudeva Rao Devaki3 Mr. CH. Rajagopal Choudary4 Mr. B. Prabhakar Rao5 Mr. Merla Muralidhar6 Mr. B. Srikanth7 Mr. Y. Sairam8 Mr. J Ravikanth Reddy9 Mr. Ramakrishna Dasari10 Mr. V. V. S. N. Raju11 Mr. Ramkumar Rudrabhatla12 Mr. Pattabi Rama Rao

Sr. No. Karnataka Branch Committee1 Mr. Jatin Khanna2 Mr. Mohan Rajamane3 Mr. Deepak Visweswaraiah4 Mr. Puneet Jain5 Mr. Vikram Mangharam6 Mr. F.R. Singhvi7 Mr. Nagaraj Murthy8 Mr. Prasanna Kumar 9 Mr. Panish Hangal10 Mr. Utkarsh Rai 11 Ms. Shivani Kapoor12 Mrs. Sangeeta Kulkarni

Sr. No. Kerala Branch Committee1 Mr. P. Ravindranath2 Mr. Ambarish U. Saraf3 Mr. Sajiv K. Menon4 Mr. Anil Krishna5 Mr. Algiers Khalid6 Dr. Devika Menon7 Mr. Riyaz U.C.8 Mr. Mukund Krishna9 Mr. C.R. Rajagopal10 Mr. Issac Alexander11 Mr. Sambhu Namboodiri12 Mr. Abraham George

Sr. No. Tamil Nadu Branch Committee1 Mr. A. Sakthivel2 Mr. S. Sundarram3 Mr. K. Ramasamy4 Mr. Sriram Subramanya5 Mr. S. Abhaya Kumar6 Ms. Savitha Kesav Jagadeesan7 Mr. Arun Miranda8 Mr. P. Kaniappan9 Mr. J. Jayaseelan10 Mr. P. Kailas11 Mr. V. N. Parthasarathy

Sr. No. Gujarat Branch Committee1 Mr. Sudhir Naik2 Mr. Narendra Patel3 Mr. Rohit Choksi4 Mr. Kaushik Patel5 Mr. Baiju Thakar6 Mr. Dinesh Daga7 Mr. Nitin Patel8 Mr. Samir Patel9 Mr. Shailesh Goyal10 Mr. Kirtan Jani11 Mr. Anish Mehta12 Mr. Hitesh Gauswami

Sr. No. Pune Branch Committee1 Mr. Ashutosh Parasnis 2 Mr. Devesh Hingorani3 Mr. Ninad Panse4 Ms. Rujuta Jagtap 5 Mr. Vinit Deo6 Mr. S Ramprasad7 Mr. Sohan Shirgaokar8 Mr. Devendra Deshmukh9 Mr. Rajesh Wazarkar10 Mr. Nitin Chalke11 Mr. Nitin Deshpande12 Mr. Juzer Miyajiwala

Sr. No. Varanasi Branch Committee1 Mr. Vinay Kumar Shukla 2 Mr. R. K. Goel 3 Mr. Shubrato Kumar Paul 4 Mr. Bharat Kumar Agrawal 5 Mrs. Anita Dey 6 Mr. Jai Prakash Mundra 7 Mr. Sahil Garg 8 Mr. Alok Kumar Baranwal 9 Mr. Saurabh Shah 10 CA Sudeshna Basu 11 Mr. Shrey Khanna 12 Mr. Vinay Jaiswal

12

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

PROPOSED ARTICLES OF ASSOCIATION

OF

THE INDO-AMERICAN CHAMBER OF COMMERCE

(CIN: U74999MH1968GAP014120) Interpretation(1) In these regulations—(a) “Act” means the Companies Act, 2013;(b) “Chamber” means “The Indo-American Chamber of Commerce” incorporated under Section 25 of the Companies Act, 1956;(c) “Executive Council” means the all-India Council of the Chamber for the time being elected in the manner prescribed by these Articles;(d) “Region” means such State or States of India or parts thereof, as Executive Council may from time to time determine to constitute into a Region;(e) “Regional Council” means the Council of the Chamber in a region of India for the time being elected in the manner prescribed by these Articles;(f ) “Branch” means such area or areas within a region as the Executive Council from time to time may determine to constitute into a Branch;(g) “Branch Committee” means the Committee of a Branch for the time being elected in the manner prescribed by these Articles;(h) “General Meeting” means a General Meeting of all the Members of the Chamber held in accordance with the provisions of the Act;(i) “Member” means a Member of the Chamber for the time being;(j) “President” means the president of the Chamber for the time being;(k) “Regional President” means the President of a Regional Council for the time being;(l) “Seal” means the common seal of the Chamber;(m) “Secretary” shall include the Executive Secretary, Secretary, Deputy Secretary and Assistant Secretaries for the time being of the Chamber.

(2) Unless the context otherwise requires, words or expressions contained in these regulations shall have the same meaningasintheActoranystatutorymodificationthereofinforceatthedateatwhichtheseregulationsbecomebinding on the Chamber.

Members(3)(a) For the purpose of registration the number of Members of the Chamber shall be limited to 1,000 but the Executive Council may from time to time register an increase in the number of Members.

(b)The Chamber shall have the following classes of Members:- Ordinary Members;- Additional Members;- Association Members;- Honorary Members;- Patron Members.

Resignation of Members(4)Any Member may resign from membership of the Chamber Provided that not less than one month’s notice is given in writing to the Secretary of his or its intention to do so.

13


Expulsion of Members(5)A majority of 3/4th of the Members entitled to vote and voted as per the provisions of Act at an Annual or Extra Ordinary General Meeting of the Chamber may by a resolution expel any Member.

General Meetings(6) The General Meetings of the Chamber shall be of twokinds namely:(a) Annual General Meetings(b) Extraordinary General MeetingsAll General Meetings other than Annual General Meetings shall be called Extraordinary General Meetings.

Annual General Meeting(7) The Chamber shall ineach year hold a General Meeting as its Annual General Meeting in addition to any other meetings in that year and shall specify the meeting as such in the notices calling it; and not more than 15 months shall elapse between thedate of one Annual General Meeting of the Chamber andthat of the next. The Annual General Meeting shall be heldat such time and place as may be decided upon beforehand by the Executive Council having regard to the directions if any, given in this regard by the Chamber in General Meeting.

Extraordinary General Meeting(8)The ExecutiveCouncilmay,whenever it thinks fit call anExtraordinaryGeneralMeeting. If at any time thereare not within India, Members of the Executive Council capable of acting who are sufficient in number to form a quorum, any Member of the Executive Council may call anExtraordinary General Meeting in the same manner as nearly as possible, as that in which such a meeting may be called by the Executive Council at such time and place as he may determine.

Proceedings at General Meetings(9)(a) No business shall be transacted at any general meeting unless a quorum of members is present at the time when the meeting proceeds to business.

(b)Save as otherwise provided herein, the quorum for the general meetings shall be as provided in section 103 of the Act.

(c) The President shall be entitled to take the chair at every General Meeting. If there is no such President or if at any Meeting he shall not be present within 15 minutes of the time appointed for holding such meeting, one of the Executive Vice Presidents shall be the Chairman and if there is no President and any of the Executive Vice Presidents, the Members present and entitled to vote shall elect another Member of the Executive Council as Chairman and if no Member of The Executive Council be present or if all the Members Of the Executive Council present decline to take the Chair then the members present and entitled to vote shall elect one of the members to be Chairman.

Adjournment of the General Meeting10. (a) The Chairman may, with the consent of any meeting at which a quorum is present, and shall, if so directed

by the meeting, adjourn the meeting from time to time and from place to place.

(b) No business shall be transacted at any adjournedmeeting other than the business left unfinished at themeeting from which the adjournment took place.

(c) When a meeting is adjourned for thirty days or more, notice of the adjourned meeting shall be given as in the case of an original meeting.

(d) Save as aforesaid, and as provided in section 103 of the Act, it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned meeting.

14

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Executive Council11. The business of the Chamber shall be managed by the Executive Council which shall be entitled to exercise all such powers of the Chamber and do all such acts and things as required.The First Members of the Executive Council were:Mr. S. L. KirloskarMr. A.M.M. ArunachalamMr. E.G.A. BathonMr. J.J. BhabhaMr. R.E.O CareyMr. Maxwell CollinsMr. E.F. Gerold, Jr.Mr. Vaungham C. HillMr. Ambalal KilachandMr. Harish MahindraMr. K.S. NarayananMr. H.P. NanduMr. V.P. PunjMr. F.F. RichardsonMr. Keith C. RoyMr. John O. SimsMr. Navroz B. Vakil

Proceedings of the Executive Council Meetings12. (a) The Executive Council may meet for the conduct of business, adjourn and otherwise regulate its meetings, asitthinksfit.

(b) Save as otherwise expressly provided in the Act, questions arising at any Executive Council meeting shall be decided by a majority of votes.

(c) In case of an equality of votes, the President, shall have a second or casting vote.

(d) The Executive Council may, delegate any of its powers to committees consisting of such member or members of itsbodyasitthinksfit.

(e) The Quorum of the Executive Council meeting shall be as per the provisions of the Act.

Vacation of Office of Executive Council Member13.The Executive Council Member shall attend at least 3 Executive Council Meetings physically out of a minimum of 6ExecutiveCouncilMeetingsinaPresidentialtermandthesaidvacancyshallbefilledbyapersonotherthantheone vacated.

One Person One Post14. No Member of the Executive Council shall hold more than one position in the Chamber, at the same time.Explanation: Position shall mean holding a post simultaneously in Executive Council/ Region/Branch/Desk.

15


PROCEEDINGS OF EXECUTIVE COUNCIL/ REGIONAL COUNCIL/ BRANCH COMMITTEE

Meetings of Executive Council/ Regional Council, and Branch Committee15. The Executive Council, a Regional Council and a Branch Committee may meet for the dispatch of business, adjourn and otherwise regulate their meetings as per the following clauses.

When meetings to be convened16. Not less than 20 per cent of the Members of the Executive Council for the time being and not less than10 per cent of the Members of a Regional Council or a Branch Committee for the time being as the case maybe, may at any time and the Secretary upon the request of such members, shall convene a Meeting of the Executive Council, a Regional Council or a Branch Committee, as the case may be, by giving a notice in writing to every Member of the Executive Council, or a Regional Council or a Branch Committee as the case may be, for the time being in India at his usual address in India.

Quorum17. One-fourth of the total strength of the Executive Council or a Regional Council or a Branch Committee or two members, whichever is higher shall form a quorum for the transaction of business of the Executive Council, or a Regional Council or a Branch Committee as the case may be. If a meeting of the Executive Council, or a Regional Council or a Branch Committee cannot be held for want of quorum then Section 174 of the Act shall not apply and the meeting shall stand dissolved.

Questions at meetings how decided18. Questions arising at any meeting of the Executive Council, or a Regional Council or a Branch Committee, shall be decided by a majority of votes. In case of an equality of votes the Chairman of the meeting shall have a second or casting vote.

Powers of Executive Council, Regional Council& Branch Committee Meetings19. A meeting of the Executive Council, or a Regional Council or a Branch Committee at which a quorum is present shall be competent to exercise all or any of the powers, authorities and discretions which by the Articles are for the time being vested in or exercisable by the Executive Council, a Regional Council or a Branch Committee.

Powers of Delegation20. (a) The Executive Council may delegate any of its powers to a Committee or Committees of the Executive Councilconsistingofsuchmembersofitsbodyasitthinksfitanditmayfromtimetotimerevokesuchdelegationand discharge any such Committee of the Executive Council either wholly or in part, but every Committee of the Executive Council so formed shall in the exercise of the powers so delegated conform to any regulations that may from time to time be imposed on it by the Executive Council. All acts done by any such Committee of the ExecutiveCouncilinconformitywithsuchregulationsandinfulfillmentofthepurposesoftheirappointmentshallhavethelikeforceandeffectasifdonebytheExecutiveCouncil.

(b) A Regional Council and a Branch Committee shall have mutatis mutandis the same powers of delegation as the Executive Council.

Meetings of Committee how to be governed21. The meetings and proceedings of any such Committee of the Executive Council or a Regional Council or a Branch Committee consisting of two or more Members shall be governed by the provisions herein contained for regulating the Meetings and proceedings of the Executive Council or a Regional Council or Branch Committee as the case may be so far as the same are applicable thereto and are not superseded by any regulations made by the Executive Council or a Regional Council or a Branch Committee as the case may be under the last preceding Article.

16

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Resolution by Circular22.Aresolutionshallbeasvalidandeffectualasif ithadbeenpassedatameetingoftheExecutiveCouncil,or a Regional Council or a Branch Committee or a committee of the Executive Council, or a Regional Council or a Branch Committee as the case may be, duly called and constituted if a draft thereof in writing has been circulated together with the necessary papers if any, to all the Members of the Executive Council, or the Regional Council or the Branch Committee or any Committee thereof respectively as the case may be, then in India not beinglessinnumberthanthequorumfixedforameetingoftheExecutiveCounciloraRegionalCounciloraBranch Committee or a Committee at their respective usual addresses in India, and has been approved by such of them, as are then in India or by a majority of such of them as are entitled to vote on the resolution.

Acts of Executive Council or Regional Council or Branch Committee or Committee valid not withstanding subsequently discovered defect in appointment23. All acts done by any meeting of the Executive Councilor a Regional Council or a Branch Committee or by a committee thereof, or by any person acting as a Member thereof shall, notwithstanding that it shall afterwards be discovered that there was some defect in the appointment or continuance in office of any such member or personsactingasaforesaidorthattheyoranyofthemweredisqualifiedorhadvacatedofficeorwerenotentitledto vote or that the appointment of any of them had been terminated by virtue of any provision contained in the Act or in these articles, be as valid as if every such person had been duly appointed or had duly continued inofficeorwasqualifiedorhadcontinuedtobesuchmemberorhadbeenentitledtovoteorhisappointmenthad not been terminated; provided that nothing in this Article shall be deemed to give validity to any act done by a Member of the Executive Council or a Regional Council or a Branch Committee after his appointment has been shown to The Chamber to be invalid or to have terminated.

Minutes to be conclusive evidence24. Minutes of any meeting of the Executive Council or a Regional Council or a Branch Committee or any Committee of the Executive Council or a Regional Council or a Branch Committee if purporting to be signed by the Chairman as the case may be of such Meeting or by the Chairman of the next succeeding meeting, shall be conclusive evidence of the proceedings recorded therein.

Election of Executive Council/Regional Council/Branch CommitteeThe Electorate25. (a) All Members of the Chamber having a right to vote shall be entitled to vote at elections of the members to the Executive Council. Only members who have the right to vote and are resident in the Region and/or in a Branch or Branches, if any within a Region, to whose Council elections are to be held shall be entitled to vote at elections of members to the concerned Regional Council. Only members who have the right to vote and are resident in the Branch to whose Committee elections are to be held shall be entitled to vote at elections of members to the Branch Committee.

(b) For the purpose of this Article; a Member being a Firm, association or corporation shall be deemed to reside at the place where the person nominated by it is ordinarily resides or in the absence of such nomination, at the place where it has its principal place of business or registered office.

The Candidates26. The election of the members to the Executive Council, the Regional Councils and the Branch Committees, shallbefromamongstthecandidatesnominatedinthemannerhereinafterspecified:

(a)There shall be a Nominating Committee consisting of the President and the ExecutiveVice-Presidents of the Chamber and all the Regional Presidents for the time being.

17


(b)Not later than one month before the date on which the notice of the Annual General Meeting is to be sent out, the Nominating Committee shall nominate a number of persons not being less than the number of seats to befilledontheExecutiveCounciloftheChamber,afterobtainingtheconsentofthepersonstobenominated.

(c)The Nominating Committee shall nominate a number of persons not being less than the number of seats to befilledontheRegionalCouncilorBranchCommitteeasthecasemaybe,afterobtainingtheconsentofthepersons to be nominated.

(d)The persons to be nominated as above shall be selected, in the case of elections to the Executive Council, from amongst all the Ordinary Members of the Chamber and, in the case of elections to the Regional Council or Branch Committee, from amongst the members who are Resident in the Region or Branch to whose Council or Branch the election is to be held.

(e)A list of members nominated by the Nominating Committee shall be circulated, in the case of elections to the Executive Council, to all the members of the Chamber, not less than 21 days before the date on which the notice of the next annual general meeting is to be sent out; and in the case of elections to a Regional Council or a Branch Committee, to the members resident in the region or branch for whose Council/committee the election is to be held.

(f )The members to whom the aforesaid list is circulated may within seven days from the date on which such list is circulated, nominate any additional candidates for such elections, provided that such additional candidates have given their consent in writing, and are proposed and seconded by Ordinary Members of the Chamber and secondedbyOrdinaryMembersoftheChamberwithnotlessthanfiveyearsstanding,andprovidedfurtherthatno Ordinary Member shall propose and/or second more than two additional candidates in any one election. The list of such additional candidates with their consent and duly proposed and seconded shall be returned to the Secretary within the aforesaid period of seven days.

(g)All members of the Executive Regional Council and the Branch Committee due to retire at the Annual General Meeting immediately following the elections shall be eligible to be nominated.

(h)In the case of elections to the Executive Council, the valid additional nominations received under the preceding paragraph shall be added on separately to the list nominated by the Nominating Committee and a ballot paper containing both, each being set out in alphabetical order shall be sent out to the members entitled to vote thereon under the provisions of Article 25, along with the Notice convening the next Annual General Meeting of the Chamber.

(i)In the case of elections to a Regional Council or a Branch Committee, the valid additional nominations received under paragraph (f ) above shall be added on separately to the list nominated by the Nominating Committee and a ballot paper containing both, each being set out in alphabetical order, shall be sent to the Members entitled to vote thereon under the provisions of Article 25.

Seal27.The Executive Council shall provide a Common Seal for the purpose of the Chamber and shall have power from time to time to destroy the same and substitute a new Seal in lieu thereof and shall provide for the safe Custody of the Seal for the time being and it shall not be used except by the authority of the Executive Council and in the presence of the President or two members of the Executive Council.

18

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

We, the several persons whose names and addresses are subscribed and desirous of being formed Into an Association in pursuance of these Articles of Association.

Sr. No Name & Address Description & OccupationWitness to the signature of the

subscribers

1.

Shantanu Laxman KirloskarLakaki, Poona-16.by his constituted attorneyBalwant Kalidas KirloskarSd/- B.K. Kirloskar

Son of Laxman Kashinath KirloskarIndustrialist

Arvind Shantaram Pinge273, Tardeo Road Bombay-7.Son of S. R. PingeServiceSd/- A.S. Pinge

2.

A.M.M. Arunachalam3, Chittaranjan RoadTeynampet, Madras-18.by his constituted attorneyGovind Guno DesaiSd/- G. Desai

Son of Dewan Bahadur A. M.Murugappa ChettiarIndustrialist

Balkrishna WaniLavanya, Sitladevi TempleRoad, Bombay-16.Son of HiralalWaniAdvocateSd/- B.H. Wani

3.

Ambalal Kilachand95, Nepean Sea RoadBombay-6.by his constituted attorneyRajnikant A. KilachandSd/- R.A. Kilachand

Son of Kilachand DevchandIndustrialist

Arvind Shantaram Pinge273, Tardeo Road Bombay-7.Son of S.R. PingeServiceSd/- A.S. Pinge

4.

Harish Mahindra65, Nepean Seas RoadBombay-6.

Son of Jagdish Chandra MahindraIndustrialist


5.

Har Prashad Nanda12, Jor BaghNew Delhi-3.by his constituted attorneyGovind Guno DesaiSd/-G. Desai

Son of B. I. NandaBusiness

Balkrishna WaniLavanya, Sitladevi TempleRoad, Bombay-16.Son of Hiralal Wani,AdvocateSd/- B.H. Wani

6.

Frederick Fales RichardsonSorrento, Mt. PleasantRoad, Bombay-6.Sd/- F.F. Richardson

Son of Arthur BerryRichardson Executive


7.

John Oris Sims11-E, Navaroz Apartment,B. Desai Road, Bombay-26.by his constituted attorneyRichard Morrison.Sd/- Richard Morrison

Son of John SimsBanking Executive


Dated this 19th day of October 1968

19


Chamber Activities (2016 – 2017)

NATIONAL COUNCIL

22nd October 2016 IACC’s 47th Annual General Meeting, Mumbai

19th December 2016 Interactive Session with Mr. Greg Cohen, Director of Sales, Phoenix of Anderson, South Carolina, USA on Textile Remnant Sector, IACC Office, Mumbai

18th May 2017 Seminar on Indo US Partnership in Textiles & Implication of GST, Garware Club House, Mumbai

13th September 2017 MOU signing between Mississippi Development Authority (MDA) and the Indo American Chamber of Commerce (IACC)

NORTH INDIA COUNCIL (NIC)

New Delhi

16th December 2016 Interactive Session on GST Laws and their Implications, PHD House, New Delhi

19th December 2016 Talk by Dr Sanjiv Bhatia and Gala Dinner, Chandigarh

23rdJanuary2017 WorkshoponGoodsServicesTax(GST),DemonetizationEffect-TaxAmendments&, Overview of Benami Property Transaction Act, Chandigarh

31st January 2017 Interactive session with Mr. Patrick Santillo,Minister Counselor for Commercial Affairs,USEmbassy,PHDHouse,NewDelhi

10th February 2017 Interactive session on Post Budget 2017, PHD House, New Delhi

13th February 2017 Session on Women Empowerment, Hotel Eros, New Delhi

20th March 2017 Invitation to join for Seminar on Investment Opportunities in State of Pennsylvania, USA, Hotel The Lalit, New Delhi

25th March 2017 NIC 1st Football Cup 2017, Siri Fort Complex, New Delhi

19thApril2017– Workshopon“ImplementationofGSTLawsinIndia,Indore

21st April 2017 Session on Public Speaking Skills “Be an orator- Bid farewell to Stage Fright!”, Chandigarh

18thMay2017 ExclusiveMeetingwithMs.MaryKay Carlson, Chargé d’ Affaires, US Embassy,New Delhi

23rdMay2017 Seminar on Smart City Development – Opportunities & Support towardsInfrastructure Development - US Govt & Pvt Players, Jaipur

20th June 2017 IACC Chandigarh Columbus Mentorship Programme on “Business Climate in the United States & quot, Chandigarh

20

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Varanasi

29th November 2016 Impact of GST (Goods & Service Tax) on Industries of Eastern UP, Varanasi

10th December, 2016 Income tax Impact on deposit of high denomination currency in Bank, Varanasi

10th to 12th Feb. 2017 Textile Exhibition cum B2B meet, Varanasi

3rdMarch,2017 UttarPradeshAndKashi–AVisionTowardsABetterTomorrow,Varanasi

14th April, 2017 Training Program of Digital Mode of Payment, Varanasi

5th May, 2017 Recent Amendments in EPF & ESIC Laws, Varanasi

24th June 2017 Opportunities in Food & Agro Processing for New Business Ventures, Varanasi

26th July, 2017 Using Tally Software of GST Accounting, Hotel Regency, Varanasi

EAST INDIA COUNCIL (EIC)

Kolkata

4thOctober2016 Indo-US Trade Opportunities for MSME Sector – Present Perspectives, IndianCouncil for Cultural Relations (ICCR), Kolkata

9th December 2016 46th Annual Members’ Convention, The Lalit Great Eastern, Kolkata

30th January 2017 Changes Impacting the Indian Economy, Indian Council for Cultural Relations (ICCR), Kolkata

16th Fenruary 2017 Self X Analysis ‘The Revolutionary approach to Talent Management’ Global Innovation in Human Capital Management, The Calcutta Club, Kolkata

9th March 2017 LEED on Kolkata’, The American Center, Kolkata

16th March 2017 US Visa Application Procedure, The American Center, Kolkata

5th May 2017 INDO US Promotion of Travel and Tourism, Hotel J W Marriott, Kolkata

25th July 2017 GST: Overview, Implementation, Challenges & Way Forward, The Bengal Club, Kolkata

WEST INDIA COUNCIL (WIC)

Mumbai

24th to 28th November 2016 Krishithon 2016, Thakkar Ground Nashik,

9th December 2016 Meeting on International Business Development and Enhancing Team Cohesiveness, IACC Office, Mumbai

19th January 2017 Seminar on Demonetisation and Digitization: The Road Ahead

1st February 2017 Interactive Meeting on Cross - border Investments, IACC Office, Mumbai

2nd February 2017 Round table Meeting on Union Budget 2017, Taj Mahal Palace, Mumbai

21


8th March 2017 Program on Women Empowerment, Y. B. Chavan Centre, Mumbai

23rd March 2017 Interactive Meeting with the team of officials from UCSF (University of California San Francisco), IACC Office, Mumbai

5th April 2017 Interactive session with U.S. State Senators, US Consulate General, Mumbai

18th April 2017 Breakfast Meeting with the US Consul General Thomas Vajda, Hotel Trident, Nariman Point, Mumbai

20thApril2017 InteractiveMeetingwithMinisterCounselor forPublicAffairsatU.S.Embassy,NewDelhiMr.JeffSexton,IACCOffice,Mumbai

24th April 2017 Interactive Meeting with delegation from Sandy Springs led by Mayor Rusty Paul, Hotel Vivanta By Taj President, Mumbai

26th April 2017 Seminar on US Immigration - Is the US Really Closing its Doors?, Hotel Taj Lands End, Mumbai

28th April 2017 Prgram on “EB-5”, Hotel Marine Plaza, Mumbai

2nd May 2017 Interactive meeting with an Delegation from Mississippi, IACC Office, Mumbai

21stJune2017 Farewell Meeting for U.S. Consul General Thomas Vajda, Hotel Sofitel BKC,Mumbai

10th July 2017 IACC 4th Annual Conference on CSR, Hotel Taj Mahal Palace, Mumbai

11th July 2017 Interactive Session on GST, Hotel Marine Plaza, Mumbai

27th July 2017 13th Indo-American Corporate Excellence Awards 2017, Hotel Trident, Nariman Point, Mumbai

Pune

17th October 2016 Session on ‘US Work Permits & Visas’, EON Cluster, Pune

16th November 2016 Interaction with the Delegation form The State of South Carolina, USA, Hotel J W Marriot, Pune

29th November 2016 Executive Coaching and the Business Leader, Hotel Sheraton Grand, Pune

12th December 2016 Roundtable discussion with Ambassador Vinai Thummalapally, Hotel Sheraton Grand, Pune

21st December, 2016 Business and Investment Opportunities in the US (Post Presidential Election) and EmergingSignificanceofIPRforGlobalBusiness,MCCIA,Pune

19th January 2017 The New World of Digital, Content and Social Media Marketing and its relevance to Indian Manufacturers, MCCIA< Pune

16th March 2017 Interactive session with Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy, New Delhi and Mr. Gregory Taevs, Principal CommercialOfficer, US Consulate,Mumbai, EON Park, Pune

22

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

26th April 2017 Visit of Mayor of Sandy Springs, GA with team of 4 members to Pune and informal interaction with Branch Committee members in Mayor of Pune’s Office, Mayor’s Office, Pune

22nd June 2017 GST - Implementation & Transition Issues, MCCIA, Pune

Gujarat

17thOctober2016 IACCsupportsSurat InternationalAutoExpo–2017,SuratConventionCenter,Surat

26th & 27th November, 2016 Association Partnership for 6th Annual Quality Conference, Nirma University, Ahmedabad

2nd to 4th December 2016 2nd Logistics Asia 2016, GMDC Ground, Ahmedabad

10th December 2016 Digital Marketing & Branding, AMA, Atira campus, Ahmedabad

14th December 2016 Interactive meeting with US Consulate officials, Ahmedabad

19th December 2016 Management Education Opportunities in the USA, VallabhVidhyanagar, Anand

23rd December 2016 The Opportunities & Challenges in Starting U.S. Operations, IACC Conference Hall, Ahmedabad

10th to 13th January 2017 Vibrant Gujarat Summit -2017, Mahatma Gandhi Mandir, Gandhinagar

23rd February 2017 Intellectual Property in ICT and possibility of leapfrogging in digital economy, GLS Auditorium, Ahmedabad

26th February 2017 IACC supports 15th Annual Motif Charity Walk 2017, L.D. Engineering, Ahmedabad

8th March 2017 SELECT USA Roadshow, Radisson Blue Hotel, Ahmedabad

9th March 2017 Investment USA, Ellisbridge Gymkhana, Ahmedabad

26th April 2017 Session on GST, Ellisbridge Gymkhana, Ahmedabad

13th June to 18th June 2017 IACC Business Delegation 2017, Orlando, Florida & New York, USA

12th July 2017 Documentary Screening “The Men Who Built America”, American Corner, Ahmedabad

11th September, 2017 B1/B2 Visa, AMA, Atira campus, Ahmedabad

SOUTH INDIA COUNCIL (SIC)

AP&TS

27th March 2017 UGADI (Telugu New Year) Celebrations, Hotel Trident, Hyderabad

26th April 2017 Knowledge session on GST Awareness and Transitional Issues, Hotel Daspalla, Hyderabad

23


8th & 9th May 2017 IACC AP & TS organized the delegation meetings for Dr. Richard Nader, Associate Vice President, Mississippi State University., Hyderabad

12th May 2017 IACC AP & TS Leadership met Ms. Katherine Hadda, Consul General, Consulate General of the United States of America, US Consulate Hyderabad

13th & 14th June IACC AP & TS has organized Member’s Meet at Vishakhapatnam & Vijayawada, Waltair Club, Vishakhapatnam & Hotel Aira, Vijayawada

19th June 2017 Dinner Meeting with Delegation from Government of India & AP to US, Ashoka The Great , San Diego

28th June 2017 IACC AP&TS branch Welcomes you 241st American Independence Day Celebrations, 2017, Hotel Marriott, Hyderabad

28th July 2017 Interactive session on the services of the US Consulate including the VISA services, Tech Mahindra office, Visakhapatnam

Karnataka

26th October 2016 IACC Invitation for a seminar on “Getting GST Ready”, JW Marriot, Bengaluru

28th to 30th Nov 2016 IACC Invitation to participate in Bengaluru ITE BIZ 2016, Bengaluru

10th January 2017 IACC Invitation for an Interactive Session on “New Policies during Trump Era”, The Lalit Ashok, Bengaluru

7th February 2017 IACC Invitation for a seminar on Post Budget Analysis, JP Fortune, Bengaluru

17th February 2017 IACC Invitation for Think Global Expansion : Think Fairfax County, USA, Bengaluru

10th March 2017 IACC Invitation - SelectUSA Roadshow

25th March 2017 IACC Invitation for Program on Business Opportunities in Pennsylvania, Bengaluru

26th and 27th May 2017 IACC Invitation to CityNext2017, Bengaluru

14th June 2017 IACC Invitation CEO Survey by PWC, Phoenix Bangalore one, Bengaluru

16th June 2017 IACC Invitation for seminar on “Income Computation & Disclosure Standards”, JP Fortune, Bengaluru

30th June 2017 Registration Now Open - Green Tee 2017, Eagleton Golf Village, Bengaluru

30th June 2017 IACC Invitation for American Independence Day celebrations, Taj Westend, Bengaluru

7th July 2017 Indo-US Promotion of Travel & Tourism, ITC Windsor, Bengaluru

14th July 2017 Session on Energy Neutral Buildings and Smart Corporate Offices, Bengaluru

7th August 2017 IACC Invitation to Seminar on “Adopting ICT - AV Solutions for Digital Growth & Transformation”, Bengaluru

24

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Kerala

17th Jan 2017 Interactive Session on US Visa Application & Procedures, Kochi Kerala

10th April 2017 Growing Your Business in the US, Kochi Kerala

29th August 2017 Interactive Session with US State Legislators, Rep. Brian Patrick Kennedy and Rep. Greg Snowden

Tamil Nadu

24th October 2016 49th Foundation Day - Networking Nite, Hotel Hyatt Regency, Chennai

14th November 2016 Roundtable discussion with the Delegation from the State of South Carolina, USA, Hotel Taj Coromandal, Chennai

16th November 2016 Roundtable discussion with the Delegation from the State of South Carolina, USA, Tirupur Exporters Association, Tirupur.

13th December 2016 Session on Challenges & Opportunities of setting up a U.S. company, Hanu Reddy Residences, Chennai

20th January 2017 IACC supported Source India 2017 - 8th edition, Hotel Green Park, Chennai

30th January 2017 Interactive session with Industry Secretary, Govt. of Tamil Nadu, Chennai

8thFebruary2017 NetworkingDinnerwithMr.PatrickO.Santillo,CounsellorforCommercialAffairs,U.S. Embassy, Hanu Reddy Residences, Chennai

22nd March 2017 Seminar on “Role of MSMEs in enhancing Indo-US Trade”, Hotel ITC Grand Chola, Chennai

26th April 2017 Workshop on GST, Hotel Hyatt Regency, Chennai

6th May 2017 Interactive session with Dr. Richard Nader, Mississippi State University, USA, Hotel ITC Grand Chola, Chennai

9th May 2017 Interactive session with Mr. John Fleming, Madurai

10th May 2017 Interactive session with Mr. John Fleming, Salem

19th May 2017 Interactive session with U.S. Legislators, Hanu Reddy Residences, Chennai

29th June 2017 IACC Luncheon meeting - Farewell to Mr. John Fleming, Principal Commercial Officer, US Consulate in Chennai, Hotel Crowne Plaza, Chennai

6th & 7th July 2017 IACC supported Defence & Aerospace 8th Strategic Electronic Summit, Bangalore

7th & 8 th July 2017 IACC supported 3rd edition of Pharmac South 2017, Chennai Trade Centre, Chennai

24thJuly2017 NetworkingeveningwithMr.KurtKeller,President-AsiaPacific,ParkerHannifinCorporation, Hotel Crowne Plaza, Chennai

20th Aug to 2nd Sept 2017 Aerospace & Defense sector focused Business Delegation to USA

25


Report:Memorandum of Understanding (“MOU”) was signed on 13th September, 2017 between the Mississippi Development Authority (MDA) and the Indo American Chamber of Commerce (IACC), as their

Discussion over breakfast between Senior officials from Mississippi Development Authority and IACC leadership team

MoU signing between IACC and MDA(L to R) Mr. N.V. Srinivasan, National President, IACC, Governor Phil Bryant – State of Mississippi and Glenn McCullough, Jr. – Executive Director, Mississippi Development Authority

commitment to join with one another in promoting and facilitating those mutual interests that the organizations share in addition to the recognition of the growing business relations of India and the State of Mississippi.

MOU signing between Mississippi Development Authority (MDA) and the Indo American Chamber of Commerce (IACC)

13th September 2017, Mumbai

26

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Exchange of MoU between Glenn McCullough, Jr. – Executive Director, Mississippi Development Authority and Mr. N.V. Srinivasan, National President, IACC along with Governor Phil Bryant – State of Mississippi

Witnessed by Dr. Lalit Kanodia, Immediate Past President, IACC Witnessed by Mr. Andrew Gipson – State Representative, Mississippi House of Representatives

Senior officials from Mississippi Development Authority and IACC leadership team

The MOU was signed by Glenn McCullough, Jr. – Executive Director, Mississippi DevelopmentAuthority and Mr. N.V. Srinivasan, National President, IACC. The same was witnessed by Governor Phil Bryant – State of Mississippi, Dr. Lalit Kanodia,Immediate Past President, IACC and Mr. Andrew Gipson–StateRepresentative,MississippiHouseofRepresentatives. The ceremony was also attended by senior officials from Mississippi Development Authority and IACC leadership team.

27


Dr. Lalit Kanodia addressing the audience

Mr. N V Srinivasan addressing the audience

The 47th Annual General Meeting (AGM) of the Indo-American Chamber of Commerce (IACC) was held on October 22, 2016 at the Hotel Taj Mahal Palace, Mumbai.

The Annual Session was attended by some prominent members of the U.S. Consulate, IACC Members and some notable non-Members representing various industries. The Executive Council Report and Audited Statement of Accounts for the year ending on March 31, 2016 were approved and adopted, Executive Council for 2016-2017 were elected and auditors were appointed at the business session of the AGM.

The agenda for the Business Session was to approve and adopt the Executive Council Report and the Audited statement of Accounts for the year March 31, 2016, to elect members of the Executive Council

(L to R) Mr. Ashutosh Pednekar, Auditor; Ms. Ranjana Khanna, Secretary General; Mr. Anand Desai, Past National President; Dr. Lalit Kanodia, National President and Mr. Saurabh Shah, Company Secretary

Audience at the AGM

for the year ended 2016-1, to appoint auditors and to pass special resolutions. The Business Session was followed by Public Session.

Mr. N V Srinivasan took over as the National President of IACC and Mr. Vasant Subramanyan took over as the First Executive Vice President and Dr. Lalit Bhasin took over as the Second Executive Vice President at the first Executive Council Meeting for 2016-2017held on November 15, 2016 at the Hotel Vivanta by Taj, Mumbai. Mr. Srinivasan mentioned that would Increase the brand building of IACC through various initiatives and work closely with the US Embassy and US Consulates. Another objective would be to provide a host of services to IACC members by making them digitally connected through various initiatives and provide trade and business development opportunities to the members.

IACC’s 47th Annual General Meeting 22nd October, 2016

Hotel Taj Mahal Palace, Mumbai

28

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Interactive Session with Mr. Greg Cohen, Director of Sales, Phoenix of Anderson, South Carolina, USA on Textile Remnant Sector

19th December 2016, Mumbai

Seminar on Indo US Partnership in Textiles & Implication of GST

18th May 2017, Mumbai

(From L to R): Mr. Sanjeev Saran, Former Chairman, SRTEPC; Mr. R N Bhaskar, Consulting, Business Editor; Mr. R D Udeshi, President, Polyester, Reliance Industries Ltd; Mr. Arvind Sinha, President, TAI

(From L to R): Mr. Arvind Bhansali, VP, Indirect Taxation, Reliance Industries Ltd; Mr. Arvind Sinha, President, TAI; Ms. Nidhi Marwaha, Asst.VP, ICRA Limited

NATIONAL COUNCIL

(From L to R): Dr. Lalit Kanodia, Immediate Past Chairman, IACC; Mr. Gregory Taevs, Commercial Consul, US Consulate Mumbai; Mr. Suresh Kotak, Chairman, IACC Textile Forum; Dr. Kavita Gupta, IAS, Commissioner, Textiles, Govt. of India; Mr. Ajit Chavan, Secretary, Textile Committee, Ministry of Textiles, Govt. of India; Mr. Arvind Sinha, President, Textile Association of India

The program was organized to inform members about the business opportunity in textile remnant business shared by US Commercial Service, Mumbai. Mr. Greg Cohen, Director of Sales, Phoenix of Anderson, was

present for interaction. Phoenix of Anderson is a US Company based in North Carolina serves customers throughout the world by providing professional service supplying and selling high-quality fabrics.

The program discussed the opportunities & challenges of doing business with USA in Textiles. There program included Panel Discussions on 1) the Indo–US

PartnershipinTextiles–CreatingARoadMapforGrowthof Textiles and; 2) Goods & Service Tax and Its Implication on Textile Industry (Challenges and Opportunities).

29


NORTH INDIA COUNCIL

Interactive Session on GST Laws and their Implications

16th December 2016, New Delhi

Talk by Dr Sanjiv Bhatia and Gala Dinner

19th December 2016, New Delhi

L to R – Mr. Atul Vyas, Acting Secretary General, IACC; Mr. S. K. Sarkar, Chairman, IACC, NIC Financial Services Committee; Dr. Lalit Bhasin, Executive Vice President, IACC; Mr. Prakash Kumar, Chief Executive Officer, Goods and Services Tax Network (GSTN); Mr. Aseem Chawla, Regional Vice President IACC and Mr. Suraj Prakash General Manager (Finance), Bharat Heavy Electricals Ltd.

Mr. Sanjay Mehta, Regional President addressing the members

Dr Sanjiv Bhatia, Founder & CEO, Ideafundz addressing the gathering

Participants

IACC, NIC organized an Interactive Session on GST Laws and their Implications - 16th December 2016, New Delhi. Mr. Prakash Kumar, Chief Executive Officer, Goods and Services Tax Network (GSTN) was the Chief Guest and Mr. Suraj Prakash, General Manager (Finance), Bharat Heavy Electricals Limited was the Guest of Honor during the occasion.

Mr. Aseem Chawla, Regional Vice President welcomed the dignitaries and participants present during the session. Mr. S K Sarkar, Chairman, Financial Services Committee, IACC made the Theme Presentation. Dr. Lalit Bhasin, Executive Vice President, IACC delivered the Special Address.

During the occasion the presentations were made by Mr. Ritesh Kanodia, Indirect Tax Partner, Dhruva Advisors; Mr. Sarthak Garg, ASC Legal Solicitors &

Advocates; Mr. Sandeep Chilana, Partner, Shardul Amarchand Mangaldas & Co., Advocates & Solicitors; Mr. Nitish Sharma, Executive Director, R N Marwah& Co.; Mr. Deepak Kalia, Associate Director (Global Business Services), IBM India Pvt. Ltd. and Ms. Richa Mishra, Regional Head, IDFC Bank.

Dr Sanjiv Bhatia, Founder & CEO, Ideafundz, a Start Up Mentoring Company, was the key speaker of the day. Dr Bhatia has a 30 year track record of excellence in Global Capital Markets, Portfolio Management, Hedge Funds, Asset Management and Economics. He is a PhD in Finance & Econometrics, University of Colorado, Boulder and MBA in Finance, university of New Orleans, USA. He is an expert on US economic policies.

Dr Bhatia spoke on ‘Trumponomics’ or what economic strategies India can expect from the new Administration in the United States. He spoke eloquently and knowledgeably on trends in US economic policies over the past few decades, and also business opportunities

likely to come up for Indian companies as a result of the proposed plans that the Trump Administration is likely to adopt in the coming years.

Mr. Sanjay Bhatia, President, IACC-NIC, was present on the occasion and spoke about IACC’s plans for the region as well as the business prospects that Indian companies can hope for in the US in the years ahead.

The event was well attended by members of IACC as well as prospective members and guests. Mr. Sameer Jain, Chairman Chandigarh Desk and Mr. Vivek Atray, Vibrant Advisory Services, also spoke. A gala dinner was organised for all present thereafter.

30

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Workshop on Goods Services Tax (GST) Demonetization Effect -Tax Amendments & Overview of Benami Property Transaction Act

23rd January 2017, New Delhi

Mr. Sameer Jain, Chairman, Chandigarh Desk, welcomed the speakers and delivered the opening address.

Mr. Aseem Chawla, Regional Vice President and Founder of ASC Legal Solicitors & Advocateswhile addressing the issue of demonetization” On administration of law he said “there are many checks and balances inbuilt in the statue to achieve fairness”.

Representatives of both private and public sectors expressed their views on the effects of Demonetization and the expectations from GST along with the recent amendments in Benami Property Transaction Act, 1988.

This well attended Workshop was organised at the prestigious UT Guest House Chandigarh. The Chief Guest was Mr. KJ Chaudhary IRS, Chief Commissioner Customs and Excise, Chandigarh Region. He addressed the audience and gave an overview of the Government’s views and thinking on these important aspects.

Mr. Sameer Jain, Chairman, Chandigarh Desk, welcomed the speakers and delivered the opening address.

Mr. Aseem Chawla, Regional Vice President IACC NIC and Founder, ASC Legal, Solicitors and Advocates,

delivered the Theme Address and set the tone for the other speakers.

Mr. Rajan Datt, IRS, Joint Commissioner Customs and Excise, elaborated upon the nuances of the GST regime that is expected to be implemented throughout the country in July this year.

Mr. Paras Arora, Partner, Ernst & Young, gave further details of GST in his presentation while Mr. Pranshu Goel of ASC Legal delivered a presentation on demonetization and the Benami Property Transaction Act.

31


Mr. Sanjay Mehta, Regional President, IACC, NIC presenting bouquet to Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy

Presentation of Memento L to R – Mr. Sanjay Mehta, Dr Lalit Bhasin, Executive Vice President, IACC; Mr. Patrick Santillo and Mr. Yash Kansal, Regional Vice President, IACC

Interactive session with Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy

31st January 2017, New Delhi

IACC, NIC organized an interactive session with Mr. Patrick Santillo, Minister Counselor for Commercial Affairs,USEmbassyon31stJanuary2017beforetheRC

meeting.Ms.DianeFarrellDeputyAssistantSecretary–Asia, US Department of Commerce, International Trade Administration also joined during the occasion.

Interactive session on Post Budget 2017

10th February 2017, New Delhi

Mr. S K Sarkar, Chairman, Financial Services Committee, IACC, NIC delivering the welcome address

Mr. Aseem Chawla, Regional Vice President, IACC, & Founder of ASC Legal Solicitors & Advocates making the theme presentation

Ms. Vanaja N. Sarna, Special Secretary & Member (Admn), Central Board of Excise & Customs, Dept. of Revenue, Ministry of Finance addressing the participants

Mr. Christopher Elms, Economic Growth Unit Chief, US Embassy; Dr. Shubhada Rao, Group President and Chief Economist, YES BANK Limited; Mr. S K Sarkar, Ms. Vanaja N Sarna, Mr. Aseem Chawla, Mr. G C Srivastava Ex IRS, International Tax Counsel and Mr. Harish Balhara Associate Director, KPMG India

IACC, NIC organized an Interactive session on Post Budget-“The Union Budget: How the Budget will impact Indo-US Economic Growth” on February 10, 2017.

Mr. S K Sarkar, Chairman, Financial Committee welcomed the participants. Mr. Aseem Chawla, Regional President, IACC made the theme Presentation. Ms. Vanaja N. Sarna, Special Secretary & Member (Admn), Central Board of Excise & Customs, Dept. of Revenue was the Chief Guest.

The other eminent speakers during the event were Dr. Shubhada Rao, Group President and Chief Economist, YES BANK Limited; Mr. Christopher Elms, Economic Growth Unit Chief, US Embassy; Mr. G C Srivastava Ex IRS, International Tax Counsel and Mr. Harish Balhara, Associate Director, KPMG India. The event was attended by more than 50 participants.

32

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Session on Women Empowerment

13th February 2017, New Delhi

Dr Lalit Bhasin, Executive Vice President, IACC delivering the Welcome Remarks

Ms. Indrani Bagchi, Senior Diplomatic Editor, The Times of India addressing the participants

Ms. Bandana Singh, Vice President, Group4 Securities

Mr. Sachdev Ramakrishna, Head Marketing (Corporate), Tata Business Support Services

Ms. Shashwati Ghosh, Senior Vice President, YES Institute Ms. Kathy Santillo addressing the members

Mr. Yash Kansal, Regional Vice President delivering the Vote of Thanks Audience at the event

Under the Luxury Lifestyle Committee, IACC, NIC orgnaized an Interactive session on Women Empowerment on 13th February 2017.

Mr. Aruna Sethi, Chairperson, Luxury Lifestyle Committee, IACC, NIC welcomed the members.

Dr Lalit Bhasin, Executive Vice President, IACC was the Chief Guest.

The other eminent speakers during the event were Ms. Indrani Bagchi, Senior Diplomatic Editor, The Times of India; Ms. Bandana Singh, Vice President,

Group4 Securities; Ms. Shashwati Ghosh, Senior Vice President, YES Institute; Mr. Sachdev Ramakrishna, Head Marketing (Corporate), Tata Business Support Services; Ms. Richa Mishra, Regional Head –Relationship, Business Banking, IDFC Bank, Delhi

Ms. Kathy Santillo, wife of Mr. Patrick Santillo, Minister CounselorforCommercialAffairswasalsopresent.

Mr. Yash Kansal, Regional Vice President delivered Vote of Thanks. The event was attended by around 50 people.

33


Interactive Session with Delegation from Pennsylvania

20th March 2017, New Delhi

L to R – Ms. Sushama Kanetkar, Authorized Representative Director for India, Pennsylvania Trade & Investment Office – India; Mr. Dillon Banerjee, Deputy Senior Commercial Officer, U.S. Embassy; Mr. Joseph D Burke and Mr. S K Sarkar, Past Regional President , Indo-American Chamber of Commerce and Mr. Yash Kansal, Regional Vice President , IACC

Dr Lalit Bhasin kicking off the Football Tournament Winners of the Football Tournament - CBRE

IACC, NIC orgnaized an Interactive session with Mr. Joseph Burke, Deputy Secretary, PA Department of Community & Economic Development, Office of

International Business Development, Pennsylvania. The event was attended by around 50 people.

IACC’s Football Cup 2017

25th March 2017, New Delhi

IACC, NIC orgnaized IACC’s Football Cup 2017 on 25th March 2017. In all 9 teams particiapted including IACC, NIC team

American Eagles (US Embassy); BHC, New Delhi (British High Commission); CBRE; Teleperformance United FC; IACC –NIC;EgisEagels;Valueprospects;SoftwareONEandKochhar&Co

Winners were: • Winner CBRE• 1stRunnerUp TeleperformanceUnitedFC• 2ndRunnerUp SoftwareONE• GoldenBoot(topgoalScorer) Mr.TusharThimmiah(IACC–NICTeamfromPhoenixLegal)• BestPlayer Mr.VivekSharmafromCBRE• BestGoalKeeper Mr.ReubenThangzamang,TeleperformanceIndia

34

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Workshop on “Implementation of GST Laws in India

19th April 2017, Indore

L to R: Sudip Gupta, deputy commissioner commercial tax department, addressing participants in workshop organised on GST awareness here on Wednesday. (Left to right) Neelu Sadana, regional secretary, Indo‐ American Chamber of Commerce NIC, Sameer Gupta lawyer and associate Phoenix Legal, Aseem Chawla, regional vice president Indo‐American Chamber of Commerce NIC, Preeti Johri, Asst. commissioner, commercial tax, Dr Jayant Sonwalkar, dean & head, Devi Ahilya University, Indore Rajesh Bhatia, director FIEO MP Chapter Indore

Session on Public Speaking Skills “Be an orator- Bid farewell to Stage Fright!”

21st April, 2017, Chandigarh

Mr. Vivek Atray, an IAS officer, Inspirational Speaker & a Novelist/Author and Mr. Jyoti Kamal, Senior Editor, TV 18 Broadcast addressing the participants

IACC, NIC in association with Federation of Indian ExportOrganization(FIEO)organizeditsfirstWorkshopon “Implementation of GST Laws in India”.

Mr. Aseem Chawla, Regional Vice President, IACC & Partner, Phoenix Legal gave the Theme Presentation. Dr Jayant Sonwalkar, Dean & Head, Devi Ahilya University, Indore gave the Industry perspective.

Mr. Sudip Gupta, Deputy Commissioner, Large Taxpayers Unit, Indore, Govt of Madhya Pradesh delivered the Keynote Address.

Mrs. Preeti Johri, Assistant Commissioner Commercial Tax, Indore made a presentation on Levy and Collection of

CGST/SGST and IGST; Meaning and scope of ‘supply’; Time and Place of Supply; Valuation under GST; Input Tax Credit; Compliances under GST and GST Impact and Preparedness for Service Providers, Manufacturers & Traders

The event was attended by 80 participants.

The Indo-American Chamber of Commerce (IACC), an apex bi-lateral Chamber synergizing India-US Economic Engagement organized the session on Public Speaking Skills titled “Be an orator-Bid farewell to Stage Fright” at Net Solutions, Chandigarh on Friday, 21 April 2017. The key speakers for the session were Mr. Vivek Atray, an IAS officer, Inspirational Speaker & a Novelist/Author and Mr. Jyoti Kamal, Senior Editor, TV 18 Broadcast. Public Speaking is the process or act of performing a speech to a live audience. Some people have the gift of gab while other’s feel fear to share their views in public. Speaking in public is worse than death for most. If given an option, people would rather die than to speak in public. As per the statistics, over 75% of the population have Glossophobia or speech anxiety. During their interaction, both Mr. Vivek Atray and Mr. Jyoti Kamal enlightened the participants on the key aspects of public speaking. While speaking on the occasion, they have shared that bit of nervousness before the speech is normal. You just have to prepare well before you deliver your speech. They further shared that just be yourself while you deliver your speech. The audience would trust you if they can see the real you

instead of you trying to be somebody else. They further advised the participants to use humor, personal stories as audience liked the personal touch in a speech. Both the speakers mesmerized the audience by using the funny anecdotes during their talk. While concluding the session, Mr. Atray shared that the whole world won’t crumble, if few words are lost and you stumble. Just take a deep breath and enjoy you speech as if you are talking to your friends as shared by Mr. Atray. The session was well attended by 40 participants including business professionals, Authors, CEO’s, Managing Directors, Students among others. The overall feedback of the session was positive and members enjoyed every bit of the interaction.

35


Exclusive Meeting with Ms. MaryKay Carlson, Chargé d’ Affaires, US Embassy

18th May 2017, New Delhi

The Luxury Lifestyle Committee, IACC, NIC organized an exclusive Meeting with Ms. MaryKay Carlson, Chargé d’ Affaires,USEmbassyon18thMay2017

Mr. Aubrey A Carlson; Ms. MaryKay Carlson; Ms. Anita Meattle, Co-Chairperson; Mrs Aruna Sethi, Chairperson, Luxury Lifestyle Committee and Mr. Louis Sailer

Mr. Aubrey A Carlson; Mr. Louis Sailer, General Manager, Hotel The Leela Palace; Ms. Marykay Carlson, Charge d Affaires; Mr. Kasey; Mr. Scott Sindelar, Minister Counselor for Agricultural Affairs, US Embassy

Seminar on Smart City Development – Opportunities & Support towards Infrastructure Development - US Govt. & Pvt Players

23rd May 2017, Jaipur

The Chamber in association with Rajasthan Solar Associationorganized a half day seminar on Smart CityDevelopment–Opportunities&SupporttowardsInfrastructure Development - US Govt & Pvt Players on 23rd May 2017 in Jaipur.

Mr. M Venkaiah Naidu, Hon’ble Minister for Urban Developmentinaugurated the Seminar.

Mr. Ashok Lahoti, Mayor of Jaipur Municipal Corporation, Mr. Shrichand Kriplani, Hon’ble Minister for Urban Development, Govt of Rajasthan and Mr. Patrick Santillo, Minister Counselor for Commercial Affairs,USEmbassyalsogracedtheoccasion.

On podium - Shri M Venkaiah Naidu Hon’ble Minister for Urban Development, Government of India. L to R - Mr. Patrick Santillo Minister Counselor for Commercial Affairs, US Embassy; Mr. N V Srinivasan, National President Indo-American Chamber of Commerce; Sh Shrichand Kriplani, Hon’ble Minister for Urban Development, Govt of Rajasthan; Sh. Ashok Lahoti Mayor of Jaipur Municipal Corporation; Mr. Sanjay Mehta, Regional President, Indo-American Chamber of Commerce; Dr Lalit Bhasin, Executive Vice President Indo-American Chamber of Commerce

On podium - Mr. Yash KansalRegional Vice President, IACC &Country Manager for India/SAARC Oshkosh. L to R - Mr. Patrick SantilloMinister Counselor for Commercial Affairs, US Embassy; Mr. Pushpendra Singh; Mr. Sunil BansalFounder and DirectorDiwakar Renewable & Infra Pvt Ltd &General Secretary, Rajasthan Solar Association; Mr. Satya Kumar, Founder and Managing Director, Shri Shakti Alternative Energy Ltd; Mr. Sanjay Mehta, Regional President, IACC

36

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Presenting memento to the Hon’ble Minister - L to R Mr. Patrick Santillo, Mr. N V Srinivasan, Shri M Venkaiah Naidu and Sh. Ashok Lahoti

L TO R - Mr. Arun Karna Managing Director AT&T Global Network Services India Pvt Ltd; Mr. Patrick Santillo; Mr. Sanjay Mehta; Ms. Mehnaz AnsariCountry Representative- South Asia United States Trade and Development Agency (USTDA); Mr. Sachdev Ramakrishna

IACC Chandigarh Columbus Mentorship Programme on “Business Climate in the United States & quot

20th June 2017, Chandigarh

The Indo-American Chamber of Commerce (IACC) Chandigarh Chapter organized its first Columbus

Mentorship Interaction on ‘Business Climate in the United States’ on Tuesday, 20 June 2017 at Indian

School of Business, Mohali. The key speaker for the session was Dr. Sanjiv Bhatia, Founder & Chief Executive Office, Ideafundz.

Columbus is a unique initiative of IACC Chandigarh and seeks to connect those with the zeal to know more about setting up a business in the US or working in the US with Mentors who have already made a

Mr. N V Srinivasan, National President, Dr Lalit Bhasin, Executive Vice President, Mr. Sanjay Mehta, Regional President; Mr. Yash Kansal, Regional Vice President and Mr. Sanjiv Bali, Chairman, Jaipur office, Indo-American Chamber of Commerce addressed during the Inaugural Session.

The inaugural session was followed by two technical sessions–Session on Securing Smart Cities Speakers : Mr. Arun Karna, Managing Director, AT&T Global Network Services India Pvt Ltd; Ms. Mehnaz Ansari, Country Representative- South Asia, United States Trade and Development Agency (USTDA); Mr. Patrick Santillo, Minister Counselor for Commercial

Affairs, US Embassy; Dr Sudhir Soni, Head ofDepartment, Gyan Jyoti College, Jaipur

Session on Solar EnergySpeakers : Mr. Yash Kansal, Country Manager for India/SAARC Oshkosh; Mr. Patrick Santillo, Minister Counselor forCommercialAffairs,USEmbassy;Mr.SatyaKumar,Founder and Managing Director, Shri Shakti Alternative Energy Ltd; Mr. Manish Gupta, Director, Insulation Solar Energy and Mr. Sunil Bansal, Founder and Director, Diwakar Renewable & Infra Pvt Ltd & General Secretary, Rajasthan Solar Association

The event was very well attended, covered by media and press.

Mr. Vivek Atray, an IAS officer welcoming the participants

37


mark in the United States. Such connections would enable prospective Entrepreneurs/Professionals to gain insight into the process and requirements of venturing from India to the US and establishing themselves there under the guidance of the Mentors.

The programme has been initiated by the Chandigarh Chapter of IACC and is available to prospective Mentees in the states of North India.

While speaking on the occasion, Dr. Bhatia emphasised that Honesty and Integrity are the two key qualities necessary if you want to take your business to the pinnacle of success whether in India or any other part of the world. He further stated that it would be the icing on the cake if you have an original idea and or a viable product. While sharing an incident from his own life, he stated that initially people didn’t trust him when he approached them for a business plan. But gradually with a lot of hard work, persistence and self-belief, I was able to make a lasting impression on my investors. He shared with the students that you have to accept and learn from your failures. You should never be bogged down when things don’t go as per your plan. It’s during that time that you have to be patient and move on with conviction and positivity. He also stated that if you can embrace risk, you are an entrepreneur.

Later in his speech, he gave an example of Apple Inc., an American multinational technology company valued at over US$700, which maintains 496 retail stores in 21 countries. He stated that companies which work together, grows together.

The programme lasted for more than an hour wherein participants asked varied questions to the speaker covering different topics including Hedge funds,Venture Capital, Start up’s culture etc. Dr. Bhatia was also very outspoken while sharing the cultural and belief system in both India and the United States. Participants were very impressed by the vast knowledge of the speaker on the subject and the way Dr. Bhatia narrated anecdotes from his own personal life to support his points.

Mr. Sameer Jain, Chairman and Mr. Vivek Atray, Adviser, IACC Chandigarh also spoke and interacted with the students.

The session was well attended by 40 participants including IACC Members who are business professionals, Authors, CEO’s, Managing Directors and Indian School of Business Students among others. The overall feedback of the session was positive and participants were keen to more such interactions in the future too.

Dr. Sanjiv Bhatia, Founder & Chief Executive Office, Ideafundz speaking at the event

Mr. Sameer Jain, Chairman, Chandigarh Desk addressing the gathering

38

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Indo-American Chamber of Commerce, U.P. Branch, Varanasi organized a programme on the topic “Training Program of Digital Mode of Payment” at 14th April, 2017 at Varanasi Motor, Varanasi. Dr. A.V. Agrawal, Dy. Director & Officer In-Charge, NITRA Powerloom Service Centre & Testing Lab, Linked to Ministry of Textiles, GOI was the chief guest and key-note speaker of this program.

Chief Guest and key-note speaker Dr. A.V. Agrawal explained details to operate function of BHIM app.

The meeting was conducted by Mr. Ahsan R. Khan, EC Member and Past Chairman, IACC, UP. Branch, Varanasi.

VARANASI BRANCH

Meeting on “Training Program of Digital Mode of Payment”

14th April, 2017, Varanasi

Presentation by chief guest A.V. Agrawal, Dy. Director & Officer In-Charge, NITRA Powerloom Service Centre & Testing Lab, Linked to Ministry of Textiles, GOI

Meeting on “Recent Amendments in EPF & ESIC Laws”

5th May, 2017, Varanasi

Presentation by chief guest Shri Jawahar Lal, Senior Advocate, Varanasi

Indo-American Chamber of Commerce, U.P. Branch, Varanasi organized a programme on the topic “Recent Amendments in EPF & ESIC Laws” at 5th May, 2017 at Hotel Regency, Varanasi. Shri Jawahar Lal, Senior Advocate was the key-note speaker of this meeting. Mr. Umesh Kumar Singh, Joint Commissioner Industries, Varanasi, Mr. Amit Kumar, Deputy Director General of Foreign Trade, Varanasi, Mr. Kamal Agrawal, President, Agro Park Industries Welfare Society, Mr. Junaid A. Ansari, Treasurer, Eastern UP Exporter’s Association,

Mr. B.K. Shukla, Textile Committee, Mr. Sanjay Kumar Gupta, Member Committee of Administration, Carpet Export Promotion Council (CEPC) were also present on this occasion. Mr. Vinay Kumar Shukla Chairman of IACC, U.P. Branch, Varanasi welcomed all Guest, participants and media personals.

Mr. Jawahar Lal discussed the need for the entrepreneurs to be aware about recent changes in labour laws. He discussed at length, the provisions of Shop & Establishment Act, Factories Act, EPF Act, ESIC Act, Payment of Bonus Act and Payment of Gratuity Act. After a 3 hr long deliberation, he answered the queries of the delegates. The meeting was conducted by CA Mukul Kumar Shah, Past Chairman, IACC, UP. Branch, Varanasi.

Past Chairman of IACC Mr. Arun Kumar Agrawal, Members of IACC Mr. Ravi Tatodia,Mr. Alok Baranwal, CA Sudeshna Basu, CA Ruby Bansal, Mr. J.P. Mundra,Mr. Saurabh Shah,Mr. Raj Kumar Kothari, CA Kamlesh Agarwal, CA Vinay Kumar, Mr. Niyaz Ahmad, Mr. Vinay Jaishwal, Mr. Umesh Bhalla, Mr. Pritam Khanna, Mr. B.N. John, and many other members of IACC, Varanasi Builders & Developers Association and other industrial association actively participated in the proceedings.

39


Workshop on the Subject “IMPACT OF GST (Goods & Service Tax) ON INDUSTRIES OF EASTERN UP”

at Varanasi on 29th November, 2016 at Hotel Radisson, Varanasi

Indo-American Chamber of Commerce, Varanasi organized a workshop on the subject “Impact of GST (Goods & Service Tax) on Industries of Eastern UP” on 29th November, 2016 at Varanasi. Mr. Sanjay Kumar Pathak, Joint Commission, Varanasi Zone, Sales Tax, Varanasi was the Chief Guest of this worshop. Mr. Aseem Chawla, Recional Vice President, IACC, NIC was Key-Note Speaker and other Mr. Sarthak Garg and Mr. Sameer Gupta was speakers of this workshop. Mr. Vinay Kumar Shukla Chairman of IACC, U.P. Branch, Varanasi welcomed all Guest, participants and media personals. MR. Umesh Kumar Shingh, Joint Commissioner Industries, Varanasi, BHEL, Varanasi officers, Mr. R.K. Chaudhary, Divisional Chairman, Varanasi Chapter, Mr. Sheshpal Garg, President, Ramnagar Industrial Association, Mr. Piyush Kumar Baranwal, Hony, Jt. Secretary, All India Carpet Manufacturers’ Association, Bahdohi, Shri I.B. Singh, Deputy Director In charge, MSME, Varanasi, Mr. Rajesh Kumar Verma, Prsident, Small Industries Association, Varanasi, CA Vinay Kumar and Mr. Shashi Dhar, AGM, Bank of Baroda, IBB Branch, Varanasi were also present on this occasion. CA Mukul Kumar Shah, Past Chairman, IACC, U.P. Branch, Varanasi conducted this workshop.

Representatives of both private and public sectors have expressed their views that they are hopeful of Goods andServicesTaxwillyieldbenefitstotheIndustry.

Chief Guest Joint Commissioner of Sales Tax Department, Varanasi, Mr. Sanjay Kumar Pathak said, “GST shall help in converting the nation’s market into one unified market.” GST will subsume mostof the present Indirect Taxes into one uniform tax, where all the complexities of rate and compliance from the present indirect tax scenario are expected to be resolved, he added. Summarizing the draft GST model law, he further said that GST is going to have a positive impact on country’s GDP and hence, the economy may experience a boom when the GST will attain a full-fledged pace.

“GST shall not be misinterpreted to be a perfect baby”

The expectation of nation from Goods and Services tax may be perturbed in post GST regime, said by Mr. Aseem Chawla, Regional Vice President, IACC, NIC & Founder, ASC Legal Solicitors & Advocates. He further said that GST should be accepted with its adequate

Address by chief guest Shri Sanjay Kumar Pathak, Joint Commissioner, Seles Tax, Varanasi

on the dais (L-R) Mr. Ahsan R. Khan, EC member & Past Chairman, IACC, Varanasi, Mr. Assem Chawala, Regional Vice President, IACC, New Delhi, Mr. Sanjay Kumar Pathak, Joint Commissioner, Seles Tax, Mr. Vinay Kumar Shukla, Chairman, IACC, Varanasi & Mr. Umesh Kumar Singh, Joint Commissioner Industries, Varanasi Address by Regional Vice President, IACC, New Delhi Mr. Aseem Chawala

40

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

“INCOME TAX IMPACT ON DEPOSIT OF HIGH DENOMINATION CURRENCY IN BANK ACCOUNTS PURSUANT TO THEIR DEMONETIZATION”

10th December, 2016, Varanasi

pros and cons. Moreover, walking towards GST is one of the major steps, the Government has taken in recent times keeping in mind the present scenario. Consequently, GST can be assumed to be implemented within the promised time period.

Mr. Sarthak Garg, ASC Legal Solicitors & Advocates, keeping an optimistic approach towards the new tax regime said,“One should buckle up and start preparing forGSTtoavailthemaximumbenefit,asanopportunistwill not wait for others to take initiative, he will seize the common opportunities and make them great.” Mr. Sameer Gupta, ASC Legal Solicitors & Advocates, said, “The Eastern Up industries like textile, FMCGs etc. may experience an adequate economic hike as GST will provide ease of doing business and a fare sense of opportunity to both small and big players of industry.”

After address of key-note speakers, a brief but lively

question-answer followed. Participants presented their problems which were suitably answered by the speakers.

Mr. Ahsan R. Khan, Member National Executive Council and Past Chairman, IACC, Varanasi presented the vote of thanks.

Past Chairman of IACC Varanasi Mr. Arun Kuamr Agrawal and Mr. Puneet Raman, Vice Chairman of IACC, Varanasi Mr. Shubrato Kumar Paul & Mr. R.K. Goel, and IACC Varanasi Branch Committee Members Mr. Bharat Kumar Agrawal, Mr. Alok Kumar Baranwal, Mr. J.P. Mundra, Mr. Saurabh Shah, Mr. Sahil Garg, Mr. Sanjive Khanna, and member Mr. Ravi Patodia, Mr. Khaksar Alam, Mr. Vinod Agrawal, Mr. Niyaz Ahmad, Mr. Amit Baranwal, Mr. Sanjive Khanna, Mr. Saurabh Jaiswal and many other members of IACC, and other industrial association actively participated in the proceedings.

Indo-American Chamber of Commerce, Varanasi organized a seminar on the subject “INCOME TAX IMPACT ON DEPOSIT OF HIGH DENOMINATION CURRENCY IN BANK ACCOUNTS PURSUANT TO THEIR DEMONE” on 10th December, 2016 at Hotel Regency, Varanasi. CA Shishir Bajpayee, Varanasi was key note speaker for this seminar. Shri. Amit Kumar, Dy. Director General of Foreign Trade, Varanasi, Shri I.B. Singh, Deputy Director In charge, MSME, Varanasi, Shri Junaid A. Ansari, Hony. Gen. Secretary, Eastern U.P. Exporters’ Association (EUPEA), Shri Rajesh Bhatia, Chapter Chairman, Indian Industries Association, Varanasi, Mr. Awdhesh Gupta, Secretary, Indian Industries Association, Varanasi, CA Vinay Kumar, Varanasi were also present on this occasion. Mr. Vinay Kumar Shukla Chairman of IACC, U.P. Branch, Varanasi welcomed all Guest, participants. CA Mukul Kumar Shah, Past Chairman, IACC, U.P. Branch, Varanasi conducted the seminar. Key note speaker CA Shishir Bajpayee said that demonetisation was a good step and it would lead to greater economic growth, if managed properly. It would lead to higher tax collections, both direct and indirect taxes. He expressed the need to properly

comply with the relevant tax laws. This was last chance for the black money holders to come clean. After address of key-note speakers, a brief but lively question-answer followed. Participants presented their problems which were suitably answered by the speaker. CA Mukul Kumar Shah presented the vote of thanks. Past Chairman of IACC Varanasi Mr. Ahsan R. Khan, Vice Chairman Mr. R.K. Goel and members Mr. Alok Baranwal, Mr. Khaksar Alam, Mr. Ghanshyam Dubey and many other members of IACC, and other industrial association actively participated in the proceedings.

Address by chief guest CA Shishir Bajpayee

41


The Indo-American Chamber of Commerce, North India Council, Varanasi Branch organized a Seminar on Opportunities in food & Agro processing for new Business ventures “Developing a Strong Indo-US Collaboration Platform” on 24th June 2017 in Varanasi. Ms. Sadhavi Niranjan Jyoti, Hon’ble Minister of State Food Processing Industry, Government of India was the Chief Guest. Mr. Scott S. Sindelar, Minister Counselor for Agriculture Affairs, US Embassywas the Guest ofHonour.

Mr. Vinay Kumar Shukla, Chairman, IACC Varanasi Branch welcomed the members. He said that IACC, in its endeavor to foster Indo-US trade relations has organized today’s Seminar to bring to the fore, some pertinent issues related to the Food and Agri business sector, a sector that forms a very strong foundation in the overall trade and business ties between the two nations.

The export-import of various agricultural commodities has been an integral part of the two way trade since a long time. US is a leader in innovative technology andpracticesandcancontributeinasignificantwayinenhancing the bilateral cooperation in food processing and other modern areas. Food industry plays a vital role in strengthening Indian economy since it has a huge potential for employment generation, reduction of wastage and value addition. With proper investment in food processing, technical innovation and infrastructure for agriculture sector, India could become food market for the world.

While presenting the Overview of Indian Food Processing Sector, Mr. Sahil Garg, Managing Director, Raman Agro Exports Pvt. Ltd, he said India’s food processing market has been identified as a sunriseindustry, owing to growing disposable incomes, urbanization and changing lifestyles, which are pushing up the demand for packaged food. The market is also being fuelled in part by the demand for healthy and nutritional products, as well as a growing base of young, urban consumers.

The potential of Indian food and Retail segment is enormous. It is projected to touch $ 482 billion by FY 2020 from the current level of $ 250 billion. The sector has a huge potential of attracting investment

while creating a vast amount of employment. There is huge unexplored opportunity underlying in the food processing in India in the segments of ‘Fruits & Vegetables’, ‘Grains & Cereals’, Oilseeds, Milk & Frozen Products. Boosting food processing sector by the Government would considerably bring down post harvest losses, provide quality food to consumers at low prices and help to double the farmer’s income. Mr. Scott Sindelar, Minister Counselor for Agricultural Affairs,U.S.EmbassygavethepresentationonBridgingTechnology Gaps - Adapting new technologies from U.S. in India. He said that the food processing business is driven by the private sector and both countries could participate in joint business opportunity. Mr. Ravinder Jaiswal, Member of Legislative Assembly, Varanasi also said that for the betterment of farmers, stressed on promoting of food processing. MLC Kedar Nath Singh and Mr. Umesh Singh, Joint Director, Industry were also present during the occasion

Union Minister of State for Food Processing Sadhavi Niranjan Jyoti said that there was a proposal of developing as many as 14 cold chains in Uttar Pradesh and made an appeal to entrepreneurs to come forward to establish mega food park in this eastern part of the State for the betterment of farmers and entrepreneurs, as food processing works as a bridge between farmers, consumers and industrialists. There was also a proposal of developing six mega food parks in India. The seminar was very well covered by print and electronic media. It was attended by around 130 participants.

(L-R) Mr. Bimal Kumar Dubey, D.M. Mirzapur, UP, Mr. Scott S. Sindelar, Minister Counselor for Agriculture Affairs, US Embassy, Mr. Vinay Kumar, Chairman, IACC, Varanasi, Ms. Sadhavi Niranjan Jyoti, Hon’ble Minister of State Food Processing Industry, GOI, Mr. Ravinder Jaiswal, MLA, Varanasi, Mr. Kedar Nath Singh, MLC, Varanasi, Mr. Ahsan R. Khan, EC Member & Past Chairman, IACC, Varanasi

Opportunities in Food & Agro Processing for New Business Ventures

24th June, 2017, Varanasi

42

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Indo-American Chamber of Commerce, U.P. Branch, Varanasi organized a Workshop on the topic “Using Tally Software of GST Accounting” at 26th July, 2017 at Hotel Regency, Varanasi. Mr. Ritesh Mishra & Mr. Prashun Saxena, Tally Solutions was the key-note speaker of this meeting. Dr. Deep Shanker Vyas, President and Mr. Junaid A. Ansari, Treasurer, Eastern U.P. Exporters’ Association (EUPEA), Varanasi, Mr. Rajesh Bhatia, Chapter Chairman, Indian Industries Association, Varanasi Chapter, Dr. A.V. Agrawal, Dy. Director & Officer In-charge, NITRA Powerloom Service Centre & Testing Lab Linked to Ministry of Textiles, GOI, Mr. Saurabh Verma, Assistant Manager, ECGC and Mr. O.P. Patel, Assistant Director, MSME, were also present on this occasion. Mr. Arun Kumar Agrawal, Immediate Past of IACC, U.P. Branch, Varanasi welcomed all Guest, participants and media personals. The key-note speaker Mr. Ritesh Mishra explained technical details to operate function of GST through tally program. This will allow to preparing invoices, the process of interring details of bill, with will automatically calculate amount of GST. The said license tally program shall be valid for one year and any changes ordered by the Government shall be online without any extra charges. However any changes after one year shall be chargeable. He was answered the queries of all participants. Regional Manager of tally solutions Mr. Prashun Saxena informed that IT service provider company are

Speakers

US-India Aviation Co-operation Program

Innovation in Aviation Workshop with Ministry of Civil Aviation on August 31, 2017 at Hyatt Regency, New Delhi

AIM's "The Award Dinner" fully paid scholarship in partnership with ACP on 14th July 2017 at The TajMahal Hotel, New Delhi

Workshop on ‘Using Tally Software of GST Accounting’

26th July, 2017, Varanasi

willing to make available tally program at reasonable prize. The meeting was conducted by Mr. Arun Kumar Agrawal, Immediate Past Chairman, IACC, UP. Branch, Varanasi. Members of IACC Mr. Alok Kumar Baranwal, Mr. R.K. Kothari, Mr. Chandra Mani Maurya, Mr. Rajesh Kumar Shrivastava and Accountant of M/s Vindhya Wasini Carpet Industries, M/s Ahsan Exports, M/s S. Paul, M/s Mukul Kumar Shah & Associate, M/s Mahesh Carpet, M/s W.H. Smith Memorial School, M/s Varanasi Carpet, M/s Sampurn Development India, M/s Samara Carpets Pvt. Ltd. and many other members of IACC, IIA, Banarasi Vastra Udyod Association, EUPEA and other industrial association actively participated in the proceedings.

43


Airport Construction Codes + Specifications and 777x Airport Compatibility on 4th July 2017 at DGCA, New Delhi

ACP Members meeting with Enoh T. Ebong, Acting Director, USTDA on 19th June 2017 at Hotel – Taj Palace, New Delhi

Eminent Speaker Series 2017 - Blockchain Technology & its effect on the Aviation Industry on March 18, 2017 at New Delhi

ACP participation at Aero India 2017, February 14-18, 2017, Bengaluru

ACP reception to celebrate ACP & RGNAU partnership to bring the first EDP for Aviation in India on February 4, 2017 at New Delhi

Memorandum of Understanding Signing Ceremony: ACP & Rajiv Gandhi National Aviation University (RGNAU) on 16th November 2016 at New Delhi

44

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

46th Annual Members Convention2016-17

9th December 2016, Kolkata

The Indo American Chamber of Commerce (East India Council) organized 46th Annual Members Convention 2016-17, Mr. Craig L Hall, Hon`ble US Consul General as Chief Guest and Shri Surendra Gupta, IAS, Managing Director, WBIDC, as Guest of Honor. This marks the beginning of the new term.

L-R Ms. M Daityari, Regional Director, EIC, Mr. Surender Gupta, IAS MD , WBIDC, Mr. R.N Ghosal Past Regional President, Mr. Craig L Hall Hon’ble US Consul General, Mr. Vasant Subraman, National Vice President & Mr. B.K Nahata, Regional President EIC

Changes Impacting the Indian Economy

30th January 2017, Kolkata

The Indo American Chamber of Commerce organized an important Panel Discussion followed by an interactive session with the audience on “Changes Impacting the Indian Economy”. The expert Panel included Mr. Dipankar Chatterji, Sr Partner, L B Jha & Co and Dr Partha Ray, Professor, IIM, Kolkata. Keeping in view,thedegreeoframificationaffectingtheIndustryat large, internal and external trade movement MSME growth and individual consumers and importantly the imminent budget analysis the programme focused on collating the views of the cross-section representing various sectors.

L-R Ms. M Daityari, Regional Director, EIC, Dr Partha Ray, Professor IIM, Calcutta, Mr. B.K Nahata, Regional President EIC & Mr. Dipankar Chatterji, Senior Partner, L B Jha

The Indo American Chamber of Commerce organized an interactive meeting on ‘Indo-US Trade Opportunities for MSME Sector–PresentPerspectives’withMr.RajivaSinha,IAS,PrincipalSecretary, Government of West Bengal

With the accelerating growth rate, and the International Monetary Fund (IMF) predicting that India will retain this momentum till 2020, the manifest capacity of Micro, Small and Medium Enterprises (MSMEs) as a driving force for economic growth and development at regional, national and global levels is a reality. The `Make in India ‘policy added further impetus.

EAST INDIA COUNCIL

Indo-US Trade Opportunities for MSME Sector – Present Perspectives

4th October 2016, Kolkata

L-R Mr. Jonathan Ward, US FCS, Mr. Rajiva Sinha, IAS Principal Secretary Department of MSME Government of West Bengal & Mr. R.N Ghosal Past Regional President

45


Self X Analysis ‘The Revolutionary approach to Talent Management’ Global Innovation in Human Capital Management

16th February 2017, Kolkata

L-R Ms. M Daityari, Regional Director, EIC, Mr. B.K Nahata, Regional President EIC & Mr. Swarup Roy, Founder &Chairman: ASEAN Affairs Media interacting with the audience

The Indo American Chamber of Commerce in association with Time International, Bangkok has organised a unique programme on the global innovation in Human Capital Management, the Self X Analysis (SXA) method. Self X Analysis (SXA) is a global innovation in the field of HumanCapital Management (HCM), a Multi-Dimensional System that Measures, Analyses and Diagnoses (M.A.D.) the individual quantitatively and qualitatively on 34 attributes across 5 dimensions.

The Indo American Chamber of Commerce in association with United States Green Building Council (USGBC) and US Consulate (FCS) have organized a special programme ‘LEED on Kolkata’

For information USGBC and its community are changing the way buildings & surroundings are designed, built and operated. This complements the environment and there by enhances the much needed, brighter, healthier living and working conditions.

LEEDisthemostwidelyrecognizedandusedforcertificationby Green Building across the world. The programe included the‘Leed’CertificationPanelist are interacting with the audience

US Visa-Application Procedure

16th March 2017, Kolkata

Indo American Chamber of Commerce organized a presentation and Interactive Session on `US Visa-Application Procedure’ by Ms. Shelly Dittmar, US Consul (ChiefofVisaAffairs)andtheUSConsularteam.

As the apex bi-lateral Chamber in the country, committed to promotion of Indo-US trade and bi-lateral issues, the majority of the members have a business interest with the US which requires travel to the US.

In view of this, it is necessary to be aware of the proper procedure for Visa Application. The Presentation aims to facilitate and provide better understanding for simplified and successful USVisa application andthereby avoid rejection. The Presentation was followed byaQuestion&AnswerSessiontooffertheopportunitytoprospectiveapplicantsforclarificationandreceivingof answers to their queries.

LEED on Kolkata

9th March 2017, Kolkata

46

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

The Indo American Chamber of Commerce organized a conference on `Indo-US Promotion of travel & Tourism’, on Friday, May 5, 2017 at the Hotel J W Marriott, Kolkata. The US Consulate General and FCS supported the event. There was active participation from Ministry of Tourism from Odisha, Assam and Bihar and Jharkhand Mr. Patrick Santillo, Minister Counselor, US Embassy was Guest of Honour. Mr. Jonathan Ward , Principle Commercial Officer and the office of US Consulate General participated A large audience was from leading policy-makers The audience included Diplomats ,TAFI, Brand USA ,SREI, corporate leaders especially from the travel and Hospitality sector and prospective investors for infrastructure and Hospitality development related to this sector.

The session on outbound tourism was presented by BrandUSA, VisitUSA, MICE, representation from Florida and presentations of New York and California. Dr A S Manekar, Director General of National Council of Science Museum gave an address as a part of outbound Tourism followed by a short documentary on America Wild: National Park Adventure” as a part of the celebration on the 100th Anniversary of the creation of the U.S. National Park Service. Dr Manekar was felicitated by Mr. Jonathan Ward and Mr. Dhruv Bhalla, for his contribution to outbound tourism. Paneldiscussionon-PromotionofTourismtotheUS–Initiatives and removal of impediments was held.with an expert Panel of outbound Tour operators Ms. Shelly Dittmar gave a presentation on US visa Procedure

As a part of the event objective to spearhead the promotion of Tourism sector, a session was designated to the exchange of views between the state secretaries and PE companies to examine and analyze the

L-R Ms. Roopa Ganguli, MP, BJP, Mr. Keshav R Prasad, Special Secretary & Director Cum MD Ministry of Tourism, Bihar, Mr. B.K Nahata, Regional President EIC, Mr. N V Srinivisan, National President IACC, Shree Ashok Chandra Panda, Minister of Tourism, Odisha, Mr. Patrick Santillo, Minister, Counselor, US Embassy, Representative of Tourism, Jharkhand, Mr. Anil Punjabi, Chairman, Eastern Region, TAFI

The National President, IACC, Mr. N V Srinivisan delivering the Inaugural address

Conference on `Indo-US Promotion of travel & Tourism’

5th May 2017, Kolkata

extension and investment opportunities in the Tourism and hospitality sector. J W Marriott shared their experience as a case study for a successful US managed company. The session was moderated by Mr. Rajib Basu, Partner KPMG.

Apaneldiscussionwasheldonenhancing tourism–airlines and hotel chains and technology, as a force and a multiplier for regional tourism development. The panel had the participation by the leading international and domestic airlines and hotel chains like Air India, Spicejet, Indigo, Oberoi group and J W Marriott.

The penultimate session had video presentation and commentary by states of Bihar, Jharkhand, Assam and Odisha. This was followed by two brief presentations onPositioningEast–apromotionandshowcasingofTourism delights of West Bengal and North Bengal by IATO. The technical session ended with presentation by Ms. Tehnaz Dastoor of wotweb.com on the unparalleled role of digital marketing in the promotion of Tourism and Tea Tourism by Sourenee Tea

The event ended with an award ceremony to recognize the excellent contribution in the Tourism sector from the states of West Bengal, Bihar and Jharkhand

The venue had stall and table display from Bishwa Bangla, Air India, Governments of Bihar and Jharkhand, Travelers Den, US Consular Section, SREI, Cititravels, Alps Tourism, Trident Travels, NDTT Travel Solution etc.

The programme received vast publicity and media coverage in print, electronic and digital platform in West Bengal, Bihar, Jharkhand, Odisha and Assam.

47


Indo American Chamber of Commerce organized a presentation and Interactive Session on GST: Overview, Implementation, Challenges & Way Forward expert panel from KPMG made presentation and industry view point was made by Mr. R. N Ghosal, MD, Tide Water Oil (I) Ltd. & Mr. Vivek Oberoi, Presedent TiE. The programme was successful and very well attended

L to R: Ms. M Daityari, Regional Director, EIC, Mr. R.N Ghosal Past Regional President EIC, Mr. Ranjit Sen, Past National President, Mr. B.K Nahata, Regional President EIC, Mr. Viresh Oberoi, Vice Presidnet, TiE Kolkata, Mr. Abhishek Mishra, Associate Director, KPMG & Mr. Aditya Hans, Partner, KPMG

GST: Overview, Implementation, Challenges & Way Forward

25th July 2017, Kolkata

WEST INDIA COUNCIL

IACC along with one of the leading partners of Krishithon, India’s Premier Agriculture Exposition organized the Interactive Session. A Panel discussion chaired by Mr. Suresh Kotak, Chairman of Kotak & Co was arranged during the Krishithon 2016, the Glorious 11th Edition, series of International Agriculture Trade Fair & Conference.

The event had a platform for Knowledge, Innovation & Business for everyone involved in the agriculture sector. Krishithon 2016 was based on the foundation of Knowledge, Innovation and Business and offered Mr. Suresh Kotak giving an overview of the subject at the Conference

The program provided an opportunity to create the framework for new thinking. The Speaker Mr. Ben

Speaker Mr. Ben Pandya interacting with the participants

Meeting on International Business Development and Enhancing Team Cohesiveness

December 9, 2016, Mumbai

Pandya, President, Just AIM 4 Success motivated the participants to start the process of changing mindsets andbehaviorsthathavebeenidentifiedasthecausesof complacency or conflicts. The methodology was interactive and inclusive based on 4 pillars of Learn. Experience. Apply. Practice.

The objectives for this event was: 1) Have inclusive mindset and gain awareness of each one’s SWOT. 2) Build an inclusive community of leaders. 3) Opportunity to work on real life projects with succinct takeaways. 4) Leadership by example. 5) Collaboration across organizational boundaries.

Interactive Session on “Indo – US Collaboration in Agri-Business” at the Krishithon Fair

24th to 28thNovember, 2016, Nashik

tremendous opportunities to the stakeholders from the industry.

48

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Seminar on Demonetization and Digitization: The Road Ahead

19th January, 2017, Mumbai

Panelists answering questions from the delegates at the event Speakers at the event

U.S. Delegation members, Ms. Sonjui Kumar, Chairperson, Georgia Indo-American Chamber of Commerce and Mr. Kirtan Patel, Past Chairman, Georgia Indo-American Chamber of Commerce were present to interact with our members on Cross-Border Investments. Both are Partners from a U.S. Firm KPPB Law, USA on a no. of important Investment opportunities between India and U.S. Participants enquiring the delegation members about the investment opportunities

The RoundTable meeting was organized in association with Free Press Journal. The Panelists for the meeting were Abizer Diwanji, Senior Partner, EY India, Ketan Dalal, Senior Partner, PWC, Dr. V. Aditya Srinivas, Chief Operating Officer and Chief Economist, Bombay

Panelists in discussion

The program discussed major consequences Demonetization had on banking, ecommerce, e-payments, m-payments and the entire financialsector. The Seminar was organized in association with Free Press Journal. The esteemed Panelists included Ms. Anu Madgavkar, Partner, McKinsey Global, Mr.

Soumyajit Niyogi, Director, Credit & Market Research, India Ratings & Research, Dr. L.S. Kanodia, Chairman, Datamatics and Immediate Past-president, IACC. The program was moderated by Mr. R. N. Bhaskar, Consulting Editor, Free Press Journal.

Stock Exchange Brokers Forum, Jairaj Purandhare, Founder Chairman, JMP Advisors, Pradeep Rath, Senior Economist, CIDCO. The meeting was moderated by Mr. R. N. Bhaskar, Consulting Editor, Free Press Journal.

Round table Meeting on Union Budget 2017

2nd February, 2017, Mumbai

Interactive Meeting on Cross - border Investments

1st February, 2017, Mumbai

49


The program was jointly organized with Free Press Journal. Two Panel discussions were organized, one on the topic focusing on Women Empowerment and SocialTransformation–JusticeforWeakerSectionsandthe other on a panel session discussion case studies.

Shri Ramdas Athavle, Minister of State for Social Justice and Empowerment was the Chief Guest at the event.

The Panelists in discussion were Ms. Rupa Shah, Educationist & Former Vice Chancellor, SNDT University, Ms.UVLAnanda,HeadStakeholderAffairs&HeadCSR,

The National President, IACC, Mr. N V Srinivisan delivered an address to the participants and also explained the roll of IACC in Women Empowerment

Handing over memento to Shri. Ramdas Athavle, Minister of State for Social Justice and Empowerment by Ms. Madhulika Gupta and Mr. R N Bhaskar

Panelists at the event

Program on Women Empowerment

8th March, 2017, Mumbai

South Asia, Bayer Group, Ms. Neera Saggi, Chairperson, Care India, Ms. Jayanti Shukla, Chief Executive Director, United Way, Dr. Geeta Ibrahim, Principal, College of Home Science, Nirmala Niketan, Ms. Vandana Georaikar, Deputy Collector, Mumbai City, Govt. of Maharashtra, Ms. Asha Landge, Advocate & Member, State Human Commission, Govt. of Maharashtra, Dr. Prabha Tirmare, Associate Professor and Field Co-coordinator, College of Social Work, Nirmala Niketan, Ms. Sneha Bhalerao, Chairperson, Women’s Federation, Mr. Bharat Malkani, Director, Hotel Transit. The sessions were moderated by Mr. R.N. Bhaskar, Consulting Editor, Free Press Journal.

A Team of from UCSF is visited India from March 17, 2017 to March 26, 2017 to promote HEAL initiative (Health, Equity, Action and Leadership) by improvising healthcare facilities in rural & tribal areas as well as honing clinical skills of healthcare professionals based in rural areas through continuous mentorship. The present visit is to explore, understand and leverage the network of partner organizations, working presently in India along with the additions of new partners in various parts of the country. The delegation interacted with select interested participants invited by IACC.

The Delegation comprised of the following representatives: Sriram Shamasunder, MD, DTM&H, Associate Clinical Professor, UCSF School of Medicine, Delegation members with IACC Office Bearers

Interactive Meeting with the team of officials from UCSF (University of California San Francisco)

March 23, 2017, Mumbai

Leilynne Fong, Senior Director of National and International Relations, UCSF, Katherine Lum, Assistant Director of Development, National and International Relations, UCSF and Dr. Phuoc Le, MD, MPH Associate Professor, UCSF School of Medicine.

50

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

The meeting was scheduled between the office bearers of the Western Region of the Chamber led by Mr. Sunder Advani, President, IACC-West India Council and the Consul General to discuss opportunities of working together with the Consulate to promote and achieve common objectives aiming an even stronger bond.

Breakfast Meeting with the US Consul General Thomas Vajda

18th April, 2017, Mumbai

Pamela Althoff, Illinois State Senator(R) and Assemblyman (Democrat) Raj Mukherji were present to provide opportunities for the delegates to both learn about state and national issues in a foreign country, and to share information and views about key local, state and national issues in the United States. They elaborated on the role of State Governments in Facilitating Bilateral Trade and Investment, and Current Trends Influencing It.

U.S. State Govt. Representatives with IACC Office Bearers

IACC Committee Members in discussion with Consul General

IACC Committee members and other participants interacting with Mr. Sexton

Mr. Sexton heads the Public AffairsSection of the Embassy of the United States of America, India which advocates U.S. policies and promotes the dialogue between the United States and India by providing free and open access to information about the U.S. to Indians. The meeting was attended by the Office bearers if IACC-WIC.The meeting discussed various opportunities on which IACCandthePublicAffairssectioncouldwork together and organize meaningful and knowledge sharing programs.

Interactive session with U.S. State Govt. Representatives


Interactive Meeting with Minister Counselor for Public Affairs at U.S. Embassy, New Delhi Mr. Jeff Sexton

April 20, 2017, Mumbai

51


The broad purpose of the delegation was to explore opportunities for joint ventures and trade between Indian and American companies based in Sandy Springs, one of the largest cities in Georgia USA and a part of Atlanta Metropolitan area.

The delegation spoke about how Sandy Springs, has a robust community of Fortune 500 corporations, mid-size companies, and new businesses enjoy a low tax rate and award-winning municipal services. The specific objective of this visit is to build partnership& tofindbusinessopportunities in thefieldFinancialTechnologies, Manufacturing, Healthcare etc. The program was organized in association with KNAV.

Interactive Meeting with delegation from Sandy Springs led by Mayor Rusty Paul


Mr. Shishir Lagu, Partner, KNAV sharing information with the Mayor’s Delegation about Doing business in India

The program discussed developments in U.S. ImmigrationthatcouldaffectIndianbusinesses.Seniormembers of the government, Indian businesses and qualified US immigration attorneys were present todeliberate on this subject which covered President Trump’s recent executive orders; Pending congressional bills; Potential laws pertaining to undocumented foreigners in the US; Recent Memoranda regarding the H-1B program.

The program also included discussion on two recent USCISMemosthatcouldaffectIndianITbusinesses.

The distinguished speakers present were as follows: Mr. Michael Evans, Consular Section Chief, U.S.

Seminar on US Immigration - Is the US Really Closing its Doors?


Ms. Madhulika Gupta welcoming the delegates and speakers at the event.

Ms. Poorvi Chothani in discussion with the panellists while addressing the concerns raised by the participants

Consulate General, Mumbai; Mr. Martin Oppus, Chief, NIV Section, U.S. Consulate General, Mumbai; Jignesh Thakkar, Partner - Advisory Services, Ernst & Young LLP; Mr. Sam Woods, Director-HR, General Mills India; Mr. Shivendra Singh, Vice President – Global TradeDevelopment, NASSCOM; Mr. Sagar Datar, Manager, Human Resources (Immigration), Bristlecone, a Mahindra Group Company. The program was curated and chaired by Ms. Poorvi Chothani, Esq., LawQuest and Member, Western India Council Committee IACC; Alumna of the University of Pennsylvania Law School.

The program was followed by a parallel session on EB-5 and a training session conducted by Ms. Chothani on Nuts n Bolts of US-India Business Immigration.

52

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Seminar on “EB-5”


Interactive meeting with Delegation from Mississippi, U.S.

2nd May, 2017, Mumbai

Mr. Naushad Panjwani, Committee Member, IACC and Past President of Bombay Chartered Accountants’ Society

The delegation members with IACC Office bearers and participants

Dr. Richard Nader, Associate Vice-President (International), Mississippi State University and Ms. Courtney Hilfrich, Sr. International Trade Manager at Mississippi Development Authority met with the

Colorado Regional Center*, Colorado’s only state-wide USCIS-approved Regional Center, organized this EB-5 seminar with support from IACC and Bombay Chartered Accountants’ Society (BCAS) for foreign investors interested in EB-5. The program had a panel discussion. panellists were as follows: Ms. Poorvi

Chothani, Esq., LawQuest and Member, Western India Council Committee IACC; Ms. Jennifer Richmond, VP-Business Development, Colorado Regional Center; Mr. Jay Mehta, Head-Marketing – Eb-5, FRR Shares andSecurities Ltd.

interested participants in the meeting. The meeting was organized to explore and evaluate opportunity for US-India business development especially in the Manufacturing, Automobiles and Education Sector.

53


IACC 4th Annual Conference on CSR – “Partners for Change: Leveraging Leadership, Teamwork and Technology for Effective CSR”.

10th July, 2017, Mumbai

Felicitation of the Chief Guest Shri Raje Ambrish Rao by Mr. Sunder Advani, President IACC – WIC and Ms. Madhulika Gupta Vice President IACC – WIC also on stage Mr. R. G. Kulkarni, Commissioner Department of Tribal DevelopmentChief Guest Shri Raje Ambrish Rao, Honorable Minister of State, Department of Tribal Development & Forest Development Government of Maharashtra addressing at the 4th CSR Conference

Panel I – ‘CSR is an effective intervention to tackle the Health Conundrum’ L to R: Mr. Deepak Arora, CEO, Essar Foundation, Mr. Ari Alstedter, Reporter, Bloomberg News, Mr. Ranjit Shahani, Vice Chairman & MD, Novartis

Panel II – ‘The Role of Corporate Leadership & Collaborative Teams in Driving Social Change’ L to R - Mr. Nehal Sanghavi, Sr. Advisor, Innovation & partnership, USAID, Mr. Sunil Mehta, CMD, SPM Capital Advisers Pvt. Ltd., Ms. Swati Khandelwal, National Editor – Corporate, Anchor & Chief of Bureau, Bloomberg TV India, Mr. Sunder Advani, Chairman & managing Director, Advani Hotels & Resorts (I) Ltd., Mr. S. K. Mitra, Chairman, QSK Advisory Pvt. Ltd.

Keynote Address by Ms. Reema Nanavaty, Director, SEWA with Ms. Madhulika Gupta Vice President IACC – WIC

Panel III – ‘Leveraging technologies for mass Social Impact’ L to R - Mr. Abhishek Agrawal, Chief Regional Officer, Accion India, Mr. Bijoy Idicheriah, Chief of Bureau, Cogencis Information Services, Mr. Krishna Ramkumar, CEO & Co-Founder, Avanti Learning Services, Prof. (Dr. ) Kalyan Swarup, Director, MIT Pune

Panel IV – ‘Are For Profit Social Enterprises and Non-Profit NGOs implementing CSR at Opposing Ends of the Spectrum? Lto R - Ms. Rachita Misra, Sr. Program Manager, SELCO Foundation, Mr. Avijeet Kumar, Director, Charities Aid Foundation India, Ms. Naghma Mulla, COO, EdelGive Foundation, Ms. Puja Marwaha, CEO, Child Relief and You, Ms. Harsha Mukherjee, Programme Engineer for MBA-CSR, MIT Pune

The event turned the spotlight on two of the most important issues currently in focus with regard to social initiatives by corporates – the significance ofcollaboration & teamwork, and the role that technology can play in the process.

Two key presentations at the Conference were the Inaugural Address by Chief Guest Shri Raje Ambrish Rao, Honorable Minister of State, Department of Tribal Development & Forest Development, Government of Maharashtra, and the Keynote Address delivered by Ms. Reema Nanavaty, Director, SEWA.

The program was curated and chaired by Ms. Madhulika Gupta, Conference Chairperson

54

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Interactive Session on GST


Bay View, Hotel Marine Plaza, Mumbai

Panelists in discussion The program covered topics such as Compliance; Classification&OverlappingofAuthoritiesandPenaltyProvisions & Appellate Mechanisms.

The session will comprise of the following esteemed panelists such as Mr. Anil Sood, Founder Partner, CAS Associates; Mr. Sunil Gabhawalla, Partner, Gabhawalla & Co.; Ms. Radhika Verma, Partner, Indirect Tax,

13th Indo-American Corporate Excellence Awards 2017


Regal Room, Hotel Trident, Mumbai

All Awardees with Mr. Sunder Advani, Regional President, IACC-WIC and the Vice-President of IACC-WIC Ms. Madhulika Gupta

Chief Guest Hon’ble Minister of Industries & Mining, Shri Subhash Desai, Govt. of Maharashtra and Guest of Honor was Ms. Jennifer Larson, Acting Consul General, U.S. Consulate General, Mumbai, were present to award the winners along with Mr. Sunder Advani, President, IACC-West India Council, Ms. Madhulika Gupta, Vice-President, IACC-West India Council, Mr. N.V. Srinivasan, National President, IACC and Mr. Nanik Rupani, Former Regional President.

Through the Indo-American Corporate Excellence Awards 2017 ceremony IACC recognized and honored overall corporate excellence of Indian companies with presence in the United States and similarly companies from the United States also operating in India.

The Chamber have recognized the best Indian Companies in the US and the best US Companies in India in the following categories: 1) Responsible Business Award 2) Leaders in Corporate Innovation and 3) Indo- US trade driver of the year. Special Jury Awards were given to: 1) Corporate Leader of the Year 2) Business Mogul of the Year

Minister for Industries and Mining, Govt of Maharashtra, Shri Subhash Desai addressing the guests at the Awards ceremony

Laxminiwas & Co (A KNAV International Ltd. member firminSouthIndia)ThesessionwillbemoderatedbyMr. Naushad Panjwani, Managing Partner, Mandarus Partners and Committee Member, IACC-West India Council. The program was supported by Mr. Sunder Advani, President, IACC-West-India Council.

IACC Leaders at the event (from left to right) Mr. Sunder Advani, President, IACC-Western Region, Mrs. Asha Kanodia, Dr. Lalit Kanodia, Immediate Past-President, IACC, Mr. N. V. Srinivasan, National President, IACC

Mr. N. V. Srinivasan, National President, IACC giving his special address on Awards

55


PUNE BRANCHSession on ‘US Work Permits & Visas’

17th October, 2016, Pune

Mr. Dan during the presentation Mr. Dan Fenech, interacting with participants

A session on the nuances of work permits, process & procedure update. We hosted Dan Fenech, The Deputy ACS and CIU chief at the U.S. Consulate General in Mumbai for a repeat interactive session on US Work Visas, this time targeting a differentbusinessareainPune.

The focus of the visiting delegation was to meet organizations who may have potential investment/expansion plans in the US. The delegation made a presentation on the support mechanism available to foreign companies looking to set up/invest in South Carolina.

Within 1,000 miles of 67 percent of the U.S. population, allowingeffectiveservicetotheentireSoutheast,whichhas become a hub for aerospace industry with Airbus and Honda Jet facilities in the region. South Carolina is growing its aerospace industry and positioning the state for future success.

South Carolina’s Automotive Industry is Racing Ahead - Home to more than 250 automotive-related companies

South Carolina Department of Commerce Delegation

16th November, 2016, Pune

Speakers Ms. Morgan Crapps, Sr Mgr, Intl Strategy & Trade and Mr. Tushar Chikhliker, Member, Nexsen Pruet LLC interacting with audience post session

and suppliers that employ over 45,000 people. South Carolina has a strong, rapidly growing automotive industry with world-wide brands such as BMW, Michelin, Bridgestone and Continental in the region.

The seminar was informative and insightful, followed by hi-tea was attended by 30 delegates.

Executive coaching is a facilitative one-to-one, mutually designed relationship between a professional coach and a key contributor who has a powerful position in the organization.Thecoachingiscontractedforthebenefitofaclientwhoisaccountablefor highly complex decisions with wide scope of impact on the organization and industry as a whole. The focus of the coaching is usually focused on organizational performance or development, but it may also serve a personal component as well. The participants experienced a live coaching session as well! This session was conducted byCoachJustinRayneNash,aninternationallyqualifiedprofessionalcoachwithmorethan a decade of experience across industry sectors.

The half day session was followed by lunch. Not more than 14 participants in a session.Coach Justin Nash addressing the participants

Executive Coaching and the Business Leader

29th November, 2016, Pune

56

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

A traditional Puneri welcome for Ambassador Vinai Thummalapally by Mr. Devesh Hingorani, Ex-Chairman

The Ambassador addressing a participant’s query

IACC Pune hosted Ambassador Vinai Thummalapally, the global Executive Director of SelectUSA to Pune. The focus of the exclusive roundtable discussion and interaction with select businessmen and industrialists of the region was to promote business investment in the United States, especially to those who are looking

Roundtable discussion with Ambassador Vinai Thummalapally

12th December, 2016, Pune

Ms. Vinita Bahri-Mehta listening to a query of Ms. Rujuta Phadke, Legal Advisor - IPR & Patent Attorney, Legalogic Consulting LLP

Mr. Ashutosh Parasnis, Chairman addressing the audience. Mr. Ninad Panse, Vice Chairman giving the Vote of Thanks.

Business and Investment Opportunities in the US (Post Presidential Election) and Emerging Significance of IPR for Global Business

21st December, 2016, Pune

to expand their business operations in the United States in the near future and to understand and address any issues these potential investors may have relating to the proposed expansion plans.

This was a limited seats event followed by lunch.

The recently concluded US Presidential Elections headlined across the world. The buzz in the business communities across the world, India being no exception, were agog with the changing scenario and its impact on their businesses. Ms. Vinita Bahri-Mehra, Attorney & Director at Kegler Brown Hill + Ritter, a law firminOhiospokeaboutthekeyaspectsofthebusinessenvironment and investment opportunities in the US post presidential elections. What organizations should and need to consider before beginning or expanding their business in the United States, how to protect your business with insurance and how to protect intellectual property assets. She also touched upon issues foreign businesses could face when entering the US market.

The session was attended by 20 potential investors and industry leaders and was followed by hi-tea. The valuable insights were well received by the participants.

57


The New World of Digital, Content and Social Media Marketing and its relevance to Indian Manufacturers

19th January, 2017, Pune

Ms. Radha Giri in action - explaining and giving examples

Mr. Sanjeev Nambudiri in the Q & A that followed the session

Interactive session with Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy, New Delhi and Mr. Gregory Taevs, Principal Commercial Officer,

US Consulate, Mumbai

16th March, 2017, Mumbai

Mr. Nitin Deshpande, IACC NEC member, welcoming Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy, New Delhi with a commemorative plaque. Mr. Sagar Chordia, Director, Panchshil Group in the background.

A good opportunity for our members to meet and interact with the senior most US Government official in India on commercial issues, Indo-American Chamber of Commerce & American Business Corner along with WTC and USIIC hosted Mr. Patrick Santillo, Minister Counselor for Commercial Affairs, US Embassy, New Delhi and Mr. Gregory Taevs, PrincipalCommercial Officer, US Consulate, Mumbai for an interactive session. After brief introductions an exchange of views on Indo-US relations and the prospects in Pune region ensued, followed by a networking lunch. The meeting was attended by 40+ distinguished American and India Company leaders from in and around Pune.

Visit of Mayor of Sandy Springs, GA with team of 4 members to Pune and informal interaction with Branch Committee members in Mayor of Pune’s Office

26th April, 2017, Pune

Group Photo: Visiting delegation from Sandy Springs, GA, USA, members of IACC Pune Branch Committee alongwith Mayor and Deputy Mayor of Pune.

An introductory session on the concepts of digital marketing, content marketing and social media marketing. In the past, manufacturing businesses may have wondered if they need a digital marketing strategy. Today, if a manufacturing company is not engaging in a digital marketing campaign, it is losing powerful opportunities in a competitive online marketplace. Effective digital marketing can take amanufacturing company’s success to the next level. Through descriptions, examples, explanations and interactive Q & A the relevance of each of these to Indian manufacturing companies, some prominent social channels and their focus, immediate challenges manufacturing companies could face while adopting

these strategies and potential benefits were alsodiscussed by Mr. Sanjeev Nambudiri and Ms. Radha Giri. This session received an overwhelming response both in attendance and feedback. It was followed by Hi-tea.

The Mayor of Sandy Springs, Mr. Rusty Paul led a 4 member team comprising of Ms. Jan Paul, ExecutiveDirector,LeadershipSandySprings,Mr.ThomasEMahaffey,CEO,PresidentSandySprings, Mr. James R Kelley, Partner, Kelley Sammons Tolle & Ellison LLP and Dr. Charanjit Shikh, President, Indo-American Medical Society to Pune for an informal interaction with IACC Pune Branch Committee members represented by Mr. Ninad Panse, Vice Chairman, Mr. Devesh Hingorani, Ex-Chairman, Mr. Raghavendra Ponkshe, NEC member and Mr. Prashant Krishnan, NEC member in Mayor of Pune, Ms. Mukta Tilak’s office. The Deputy Mayor, Mr. Navnath Kamble was also present. The interaction of the Committee members with both the Mayors was a free flowing dialogue covering a variety of subjects like joint projects on waste water management, collaborations with educational institutes and a possible sister city accord!

58

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

GST – Implementation and Transition Issues

22nd June, 2017, Pune

India is notorious for its complex tax system. For new businesses and startups, it becomes impossible to navigate through various direct and indirect taxes. Constant changes to taxes like Service Tax are making things even worst. But now, the things are set to change withnewGoodsandservicetax–commonlyknownasGST.Scope of the Session: • AquickoverviewofGST• Implementation• TransitionIssues

IACC, Pune Chairman Mr. Ashutosh Parasnis Felicitating Speaker Mr. Prasad Bhalerao

GUJARAT BRANCH

2nd Logistics Asia 2016

2nd to 4th December, 2016, Ahmedabad

IACC supported 2nd Logistics Asia 2016 which was organized between 2nd to 4th December 2016 at The Gujarat University Convention & Exhibition Centre, GMDC Ground, Ahmedabad. Logistics Asia conceptualized with the background to provide a platform to enhance the network of the Indian firmsengaged in logistics and Export/Import oriented businesses for providing the strategic inputs of government policies and incentives for bridging the gap of communication. Theme address was delivered by Mr. Samir J Shah (Imm. Past Chairman), IACC. There were panel discussions on Role Played by International Trade & National Associations. Mr. Kaushal Mehta (Chairman), IACC & Mr. Jaimin Shah (Past Chairman), IACC shared their views for the same in panel discussion.

Digital Marketing & Branding

10th December, 2016, Ahmedabad

IACC & TiE jointly organized workshop on Digital Marketing & Branding, for Individuals, Startups, SMEs & Institutions on 10th December, 2016, Saturday, at AMA,Ahmedabad,between6.00pm–7.30pmbyMs.Anvesha Poswalie- Sr. Branch Manager, Asian Paints & Ex-Googler&Mr.AshishDasharthi–Co-founder,PuneDigital Marketers.

The Conference will focus on the key areas such as Role of Social Media in promoting TOURISM and Digital Tools - The Way Forward among others.

59


Interactive meeting with US Consulate officials:

14th December, 2016, IACC Conference Hall, Ahmedabad

IACC officials with US Consulate Officials

Interactive meeting with US Consulate officials was organized on 14th December 2016 at IACC Conference hall, Ahmedabad. Economic Officer and Vice Consul David Moo, Economic Specialist Elizabeth Mithani and Trisha Chilimbi, Economic Specialist was present for the meeting. Their purpose of the visit was to plan and prepare for U.S. government participation in the upcoming Vibrant Gujarat summit and to discuss the investment climate in the state and to explore opportunities for U.S. collaborations.

Management Education Opportunities in USA

19th December, 2016, Anand

Mr. Eric Rothgery- Speaker, International Education Relations – India

IACC organised seminar on “Management Education Opportunities in the USA” in the USA on 19th December, 2016 at SEMCOM Institute, Vallabh Vidyanagar, Anand, by Mr. Eric Rothgery- Speaker, International Education Relations–India.Seminargavetherightopportunity,so the students can excel and expand their existing family business or venture into startups. To reach this goal, IACC team conducted seminars across top collegesinGujarattoofferachancetobrightstudentsto pursue their graduate studies in the United States. Studentsintheirfinalyearofundergraduateprogramcan apply for this degree.

The Opportunities & Challenges in Starting U.S. Operations

23rd December, 2016, Ahmedabad

Mr. Prakash Iyer giving speech on The Opportunities & Challenges in U.S. Operations

IACC organized Workshop on “The Opportunities & Challenges in Starting U.S. Operations” was held on 23rd December 2016, at IACC Conference Hall, Ahmedabad. The session was addressed by Mr. Prakash Iyer, President, VXL Services Inc., New Jersey, USA. USA traditionally has been one of the largest trade partners of India. Both the countries have been keeping good trade relations and healthy business transactions for a long time. With the advent of modern means of communication and transportation, volumes of trade and business connections are expanding in leaps and bounds. Further, of late, India has become one of the major buyers of even American businesses including small and medium companies. The workshop covered the following topics Brief introduction to the US markets, How difficult is it to set up US operations, What are the dos and don’ts in setting up a US company, Challenges in hiring a US employee, immigration & legal issues to consider, Is it difficult to manage a company long distance, What are the opportunities and unique skill sets required to succeed. Case Studies of success and failures of Indian companies with US operations.

60

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Vibrant Gujarat Summit 2017

10th to 13th January 2017, Gandhinagar

United States Ambassador to India, Mr. Richard Verma

Minister Counselor for Commercial Affairs,Mr. Patrick Santillo

Assistant Secretary State USA Ms. Nisha Biswal

US Consul General Mumbai Mr. Thomas Vajda

Intellectual Property in ICT and possibility of leap frogging in digital economy

23rd February 2017, Ahmedabad

IACC Supports 15th Annual Motif Charity Walk 2017

26th February 2017, Ahmedabad

Indo-American Chamber of Commerce, Gujarat Branch had the pleasure of associating with Government of Gujarat for “The 8thVibrant Gujarat Summit 2017” which was held between 10th-13th January, 2017 at Mahatma Mandir, Gandhinagar, Gujarat. IACC had its presence at USA Booth at International Pavilion as USA Partner. The prime focus of Government of Gujarat was Inclusive development and the key areas for development identified included: Aerospace &Defense, Agro & Food processing, Biotechnology, Chemical & Petrochemical, Electronic system design & manufacturing (ESDM), Engineering, Environment, Gems&Jewellery,Healthcare,IT–ITES,Megaprojects,MSME, Pharmaceuticals, Ports & Maritime, Renewable Energy, Road Transport, Tourism, Textile, Urban Development & Skill Development.

Summit was an ideal convergence for other states and other countries to showcase their strengths,

highlight business opportunities, facilitate knowledge dissemination etc. It also provided an attractive opportunity to their participants to understand the potential of Gujarat in various sectors. Besides, it provided platform to interact with policy makers, industry leaders, and renowned academicians from all over the world.

The USA Booth was visited by Mr. Richard Verma, United States Ambassador to India,Minister Counselor for Commercial Affairs, Mr. Patrick Santillo, AssistantSecretary State USA Ms. Nisha Biswal andConsul General, Mr. Thomas L. Vajdain the following days during Vibrant-17. Booth was also visited by think-tanks, academia, industrialists and government officials from all over India.

The “Vibrant IACC Souvenir 2017” was appropriate platform of advertising the products/ services, innovations and strengths and it was distributed during business-to-business interactions with participating domestic and foreign delegates. The Souvenir was also distributed at the venue.

IACC supported “Intellectual Property in ICT and possibility of leapfrogging in digital economy” on February 23, 2017 at GLS Auditorium. Mr. Jaimin Shah (Past chairman IACC) introduced the topic and highlighted its relevance. Professor Vipin Aggarwal and

Mr. Subramaniam Vutha were the other speakers for the session. The audience consisted of Master of Computer Application as well as corporate professionals and office bearers.

IACC supported “The 15th Annual Motif Charity Walk 2017”. Motif, a global BPO and KPO service provider, organized its 15th Annual Motif Charity Walk in Ahmedabad on 26th February, 2017. This event provides a transparent platform for individuals and companies to come together to promote health awareness and raise funds for different NGOs every

year.The5kmwalk/9.5kmrunwasflaggedoffbyMr.A. K. Singh, Commissioner of Police, Mr. Singh said “The departmentappreciatessucheffortswhichisnotonlyrelated to the fitness, but also has a social aspect ofhelping the people. Participation is such events would help sensitize police personnel, too”.

61


Select USA Roadshow

8th March, 2017, Ahmedabad

IACC associated with SELECT USA for the Roadshow on Friday, March 8, 2017 in Ahmedabad, featuring eminent speaker from the U.S. Consulate/embassy, Reserve Bank of India and World business capital. The roadshow

washelpfulforparticipantstogainvaluable,first-handinsight into the investment environment, including the tools, resources for an effective investment strategyincludingdiscussionsonlegal,taxes,visasandfinancialconsiderations that companies should keep in mind while investing in the United States.

US Officials with IACC Committee Members.

Investment in USA

9th March, 2017, Ahmedabad

Mr. Sunil Parekh (Advisor to Zydus) giving presentation on “Engaging Gujarat”

Mr. Kaushal Mehta(Chairman, IACC) giving welcome speech

Mr. Gregory Taves (Principal Officer US Commercial) giving speech on Investment USA

Indo American Chamber of Commerce , Gujarat Branch had organized interactive session on “INVESTMENT USA 2017 “ which was held on 9th March 2017 at Ellisbridge Gymkhana, Ahmedabad, Gujarat. This event was attended by U.S. Commercials Officers, Economic Development Officers and IACC Members.

Mr. Kaushal Mehta (Chairman, IACC Gujarat) welcomed everyone. He talked about main purpose for organizing this event and also about present and future opportunities for Investment in USA from India. Mr. Gregory Taevs (Principal Commercial Officer, U.S. Commercial Service, Western India) talked about his mission which was commercial investment and places to invest in USA. He shared his views on Investment in USA and bi-lateral trade between India and USA. Mr. Seth Isenberg (Senior Investment Specialist, Select USA, Washington DC) provided rightful information about expending business opportunities in USA by registering with SELECT USA and he also gave information on federal rules and laws.

Mr. Sunil Parekh(Advisor to Zydus) gave overview of Trade & Investment in Gujarat, key sectors for outbound

business and for exports from Gujarat with Informative presentation on “Engaging Gujarat”. He shared some valuable information on Gujarat, for being Powerhouse of India, having highest growth and one of the leading state in India alongside with Tamil Nadu and Madhya Pradesh. Sectors of Interest in Gujarat for Investment like Chemicals & PC, Pharmaceuticals, Hospitality, IT sector, Startups, Jewellery, Agro projects etc. Lastly, he talked about encouraging women through Micro and Small Enterprises (MSEs) and promoting women entrepreneurship by providing small plants with additional infrastructure facilities and basic amenities. This presentation was very much liked by U.S. Officials, EDOs and members. There was an interesting Q&A session between U.S. Officials, EDOs and IACC members about opportunities in USA for Investment from India. Session was followed by high-tea

62

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Session on GST

26th April, 2017, Ahmedabad

IACC officials with Mr. Monish Bhalla

Mr. Monish Bhalla giving a presentation

Indo-American Chamber of Commerce, Gujarat Branch organized Session on “GST” on 26th April, 2017 at Ellisbridge Gymkhana, Ahmedabad, Gujarat.

Mr. Sudhir Naik (Sr. Vice Chairman, IACC, Gujarat) gave introduction of speaker Mr. Bhalla. Mr. Monish Bhalla is a Founder and CMD, TaxOLegal. He is an Indirect Tax Expert has been associated with Customs, Excise and Service Tax for more than 25 years. He also is a regular columnist with a leading English daily DNA since year 2006 and has touched all aspects related to Service Tax in his 400 plus articles published till date.

Mr. Monish Bhalla shared his knowledge on GST by giving a presentation where he said that GST is not only one particular tax, it is combination of CGST, IGST, UTGST and SGST. He also talked about applicability of central goods and service tax in India and Jammu & Kashmir. He also added that it will be interacting more with computers than human beings and entire GST will be working on software which is known as Goods and Service Tax Network. He also talked about Non Central ExciseandCentralExcisewhichincludesclassification,valuation, procedures, technical etc.

Mr. Bhalla talked about State wise Registration to do business but there is no concept of central registration to do business in different states of India. He alsotalked about composition levy, Online Data Retrieval and Tax rates and also added that Liability starts at manufacturing and productions. He said that any department can’t ask for physical documents and it hastogoonGSTNnetwork.Appealswillbefiledonlineonly and judgment will be provided online. He also

praised government of Gujarat for being supportive to do businesses in Gujarat compared to other states.

Mr. Bhalla also talked about TDS and TCS. He added that entire refund process will be online for exporters and 90% of amount will be transferred directly. There was Q & A session was very interesting as there were many questions were asked by members related to their business.

Mr. Narendra Patel (Vice Chairman) thanked Mr. Bhalla for giving wonderful & informative presentation for IACC members. The session was well attended by members from all sectors.

IACC Delegation USA 2017

13th June to 18th June 2017, Orlando & New York, USA

Indo American Chamber Of Commerce organized “IACC Business Delegation” to Orlando & New York, USA from 13th June to 18th June, 2017. The delegation was led by Gujarat branch and it was on all India basis. The main objective of delegation was to create business opportunities for Indian and US companies andtoestablisheffectivepartnership.IACCfocusedonpotential areas of interest of participants and facilitated

matchmaking session between American and Indian companies.

IACCdelegationgotspecialbenefitsofUScommercialservices. IACC Delegation attended two mega international trade shows, InfoComm International 2017, Orlando, Florida & International Franchise Expo 2017, New York.

63


IACC Delegates visited InfoComm International 2017 at Orlando, Florida. InfoComm is where the global pro AV industry sees, sourceandspecifiesthesolutionthat create exceptional audio visual experience. InfoComm is largest, most exciting event and focused on the pro AV industry, with nearly 1000 exhibitors, thousands, and 40,000 attendees from 110+ countries. IACC Delegates at International Trade Centre, Orlando with U.S. Commercial Officials

IACC delegation members were honored to meet ambassador Mrs. Riva Ganguly Das (Consul General) at Consulate General Office, New York. Mrs. Riva Ganguly Das stated that Indo-US relations have under gone a massive change over last three presidencies. She also said that she is impressed to see Indian representatives in each respected sectors in USA such as Science, IT, Agriculture, Pharmaceuticals, Medical etc. She also talked about sister cities relation between Columbus, Ohio and Ahmedabad, Gujarat. She also added that IACC can play bigger role in strengthening the relationship between both the cities. She also mentioned that GST will have positive impact.

IACC Delegates with Ambassador Mrs. Riva Ganguly Das (Consul General) at her Office

IACC Delegates visited International Franchise Expo at New York. The International Franchise Expo highlighted the advantages of entrepreneurs and business owners at the Franchise Expo, IFE recognized as a first-classinternational show, where foreign attendees had a chance to make one-on-one contacts with the top brands in franchising and develop dynamic business relationships.

IACC Delegates at International Trade Centre, NYC

The Men Who Built America

12th July, 2017, Ahmedabad

IACC organized screening on “The Men Who Built America” on 12th July, 2017 at American Corner, Ahmedabad. "THE MEN WHO BUILT AMERICA" - a spotlight on the influential builders, dreamers and believers whose feats transformed the United States, a nation decaying from the inside after the Civil War, into the greatest economic and technological superpower the world had ever seen. The Men Who Built America is the story of a nation at the crossroads and of the people who catapulted it to prosperity.

IACC Delegates atInternationalFranchise Expo2017, NewYork

64

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

AP & TS BRANCH

IACC Ugadi (Telugu New Year) Celebrations - 2017

27th March 2017, Hyderabad

SOUTH INDIA COUNCIL

IACC felicitated the Padam Shree Awardees Dr. B.V.R. Mohan Reddy, Executive Chairman, CYIENT and Mr. Chintakindi Mallesham, Inventor of the Ashu Lakshmi Machine by Mr. N V Srinivasan, National President IACC, Mr. Donald Mulligan, Deputy Consul General, Hyderabad, Mr. S. Purnachandra Rao, Executive Council Member, IACC and Mr. Chandrajit Narra, Chairman, IACC AP & TS.

Mr. Vasudeva Rao Devaki, Vice-Chairman, IACC AP&TS on the podium, (L-R) Mr. ChandrajitNarra, Chairman, IACC AP & TS, Padam Shree Awardee Dr. B.V.R. Mohan Reddy, Executive Chairman, CYIENT, Mr. N V Srinivasan, National President, IACC, Mr. Donald Mulligan, Deputy Consul General, Hyderabad was the Guest of Honor, Padam Shree Awardee Mr. ChintakindiMallesham, Inventor of the Ashu Lakshmi Machine & Mr. R B VVN Raju, Regional President, South India Council, IACC.

Knowledge session on GST Awareness and Transitional Issues

26th April 2017, Hyderabad

The Eminent Speaker CA Sudhir V S, Partner, HIREGANGE & ASSOCIATES, Chartered Accountants had addressed the knowledge session. He gave a detailed presentationwithpracticalexamplesandalsoclarified

IACC AP & TS has organized one of its flagship events, Ugadi Celebrations 2017 on 27th March 2017, in Hotel Trident, Hyderabad. Mr. Vasudeva Rao Devaki , Vice Chairman, IACC AP & TS moderated the session of the programme with a brief on Ugadi Celebrations. Mr. Chandrajit Narra, Chairman, IACC AP & TS in his welcome remarks talked about the relevance of Ugadi Celebrations for IACC where all members get together with their families to connect with each other. He also shared the future plans of AP & TS branch. Mr. R B VVN Raju, Regional President, South India Council, IACC mentioned in his address about the agenda of IACC–“IncreasingUS–IndiaTradeto$500Billion”andalso that IACC will be working to connect the SMEs of both the countries to increase bilateral trade among themselves. Mr. N V Srinivasan, National President, IACC stated that IACC is the only apex bilateral Chamber in India and can play a crucial role in furthering Indo-US economic relations. He mentioned that this year IACC will be working to encourage B2B Meets and connect US JV partners with Indian business houses. The National President IACC also requested Dr. B. V.R. Mohan Reddy to kindly accept the Chairmanship of the IACC’s IT and

IT Enabled Services Forum, which was accepted by Dr. Reddy.

The Tiltle sponsor of the event was OPTIMUSPharma Ltd., the Gold Sponsor of the event was S & S Green Projects Pvt. Ltd., the Event partners of the programme are COSYN Limited, ELICO Limited and Key Properties Management.

all the queries of participants. He covered Overview of GST and Impact on Service Providers, Manufacturers and Traders and Levy of CGST, SGST, IGST, Composition & Exemption. This was a paid event.

65


Meetings organized for Dr. Richard Nader, Associate Vice President, Mississippi State University Delegation.

8th& 9th May 2017, Hyderabad

Dr. Richard Nader, AVP, Mississippi State University handing over flag to Dr. M. Anji Reddy, Director, Research & Development, Jawaharlal Nehru Technological University, Hyderabad.

Dr. Richard Nader, AVP, Mississippi State University meeting Dr. VSK Reddy, Principal, Malla Reddy College of Engineering & Technology and other Senior Professors from College.

Mr. C.D. Naidu, Principal, VNR VignanaJyothi Institute of Engineering and Technology welcoming Dr. Richard Nader, AVP, Mississippi State University

The ELS supported in organizing the meetings and also sponsored the logistic arrangements. Dr. Richard Nader, AVP, Mississippi State University giving flag to Mr. Kiran kumar Choppara, Regional Manager, ELS International Education Pathways Private Limited and other officials.

Meeting with Ms. Katherine Hadda, Consul General of Hyderabad

12th May 2017, Hyderabad

IACC Committee with the guests.

IACC AP & TS organized the delegation meeting lead by Dr. Nader at Malla Reddy College of Engineering & Technology on 8th May and had meeting with Dr. VSK Reddy, Principal, Dr. M. Murali Krishna, Dean (Academics), Mr. P. Sanjeeva Reddy, Dean International Studies and 9 other senior Professors of the college. The second meeting was with VNR Vignana Jyothi Institute of Engineering and Technology where Dr. Nader met with Mr. C.D. Naidu, Principal, Dr. A. S. Rao, Director, Dr.

Chakravarthula Kiran, Associate Professor and other senior professors of the college.On 9th May 2017, Dr. Nader visited ELS International Education Pathways Private Limited to meet Mr. Kiran Kumar Choppara Regional Manager, Mr. Prasant Reddy, Asst. Business Development Manager and their other colleagues.The second meeting on 9th May was with Dr. M. Anji Reddy, Director, Research & Development, Jawaharlal Nehru Technological University, Hyderabad.

IACC AP & TS Leadership met Ms. Katherine Hadda, Consul General, Consulate General of the United States of America on 12th May 2017. Mr. Chandrajit Narra - Chairman, IACC AP &TS, Mr. Vasudeva Rao Devaki - Vice Chairman, IACC AP & TS, Mr. M. Vijayasai Meka - Vice Chairman, IACC AP & TS, Mr. R B V V N RAJU, Regional President, South India Council, IACC, Mr. Ramkumar Rudrabhatla, Branch Committee Members, IACC AP & TS, Mr. J. Ravikanth Reddy - Branch Committee Member and Mrs. Shikha Sabharwal - Branch Secretary, IACC AP & TS attended the meeting.

From the US Consulate Office, Hyderabad, Ms. Katherine Hadda, Consul General, Mr. Donald F.Mulligan, Consular Chief, Mr. Peter McSharry, Political & Economic Officer,

Mr.GeoffreyChin,Political&EconomicAssociate,Mr.Siba Prasada Tripathy, Political & Economic Specialist and Ms. Annette D’Silva, Commercial Assistant, U.S. Commercial Service.

66

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Delegation Meeting at San Diego, California

19th June 2017, SanDiego, CA

Member’s Meet at Vishakhapatnam and Vijayawada

13th & 14th June 2017, Vijaywada

Member’s Meet at Vijayawada on 14th June 2017 at Hotel Aira

Indo–AmericanChamberofCommerceAP&TShasorganised Member’s Meet at Vishakhapatnam on 13th June 2017 at Pearl -I Hall, Waltair Club and at Vijayawada on 14th June 2017 at Hotel Aira, Chandramoulipuram, Vijayawada. Mr. R.B.V.V.N. Raju, Regional President, SIC, IACC, Mr. Purnachandra Rao, National Executive Committee Member, IACC, Mr. Chandrajit Narra, Chairman, IACC AP & TS and Mr. Vasudeva Rao Devaki, Vice Chairman, IACC AP & TS travelled from Hyderabad to attend the meetings.

The meeting at Vishakhapatnam was sponsored by Mr. RajaGopal Choudary, Branch Committee Member of IACC AP & TS. The Meeting at Vijayawada was sponsored by Mr. Ramkrishna Dasari, Branch Committee Member of IACC AP & TS. The Members meet at both the places was well attended by members and prospective members.

Member’s Meet at Vishakhapatnam on 13th June 2017 at Pearl -I Hall, Waltair Club

IACC AP & TS organized the Dinner meeting for the Delegation from Government of India and from the Sunrise State Andhra Pradesh with the local Industry leaders at San Diego, California on 19th June 2017 from 7.45 pm onwards at AshokaThe Great – 9474, BlackMountain Road, Sandy Diego, CA - 92126. The Delegation main senior representatives were:1) Sh. Y S Chowdary, Union Minister for State Ministry

of Science and Technology & Earth Sciences, Government of India.

2) Sh. Krishna Kishore, CEO, Andhra Pradesh Economic Development Board, Government of Andhra Pradesh

3) Dr. Krishnaiah, Chairman & Managing Director, Andhra Pradesh Industrial Infrastructure Corporation, AP

67


US Independence Day Celebration, 2017

28th June 2017, Hyderabad

Group Photograph at the Celebrations

IACC AP & TS organized the US Independence Day Celebrations, 2017 at Hotel Marriott, Hyderabad. The Chief Guest of the programme was Sh. M. Mahendar Reddy, IPS, Commissioner of Police, Hyderabad and the Guest of Honour was Ms. Katherine Hadda, Consul General, Consulate General of United States of America, Hyderabad.Mr. Donald Mulligan, Dy. Consul General for Hyderabadhad also attended the programme with 5 other officials from US Consulate Hyderabad and US Commercial Services.

Interactive Session on Visa Services

28th July 2017, Visakhapatnam

Indo–AmericanChamberofCommerceAP&TSwiththe Information Technology Association of Andhra Pradesh (iTAAP) has organised an Interactive session on the services of the US Consulate including the VISA services. The senior officials from the US Consulate Mr. Donald Mulligan, Consular Chief, Consulate General of the United States of America addressed the Members. Ms. Archna Talupuru, NIV Supervisor from Consulate has explained all the Visa categories and also answered all the questions of the members of both the associations. Ms. Annette D’ Silva from US Commercial office was also present for the meeting.

The Dignitaries present on the Dias were Mr. M. Mahendra Reddy, IPS, Commissioner of Police, Hyderabad, Ms. Katherine Hadda, Consul General, Consulate General of United States of America, Hyderabad, Mr. R.B.V.V.N. Raju, Regional President, SIC, IACC and Mr. Chandrajit Narra, Chairman, IACC AP & TS.

During the memento ceremony Mr. Chandrajit Narra presented the memento to the Chief Guest and Guest of Honor. Mr. M. Ramakrishna, Immediate Past Chairman, IACC AP & TS was felicitated by Ms. Katherine Hadda, Consul General, US Consulate, Hyderabad for his valuable contribution to IACC AP & TS Branch.The programme was followed by Cocktails & Dinner.

68

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

KERALA BRANCH

Interactive Session on ‘US Visa Application and Procedures’

17th January, 2017, Kochi

Indo-American Chamber of Commerce, Kerala, in association with the U.S. Consulate, Chennai, organized an interactive session on ‘US Visa-Application and Procedure’ at Kochi on 17th January, 2017.

Mr. Charles Luoma-Overstreet, Chief of Consular Services, American Consulate General in Chennai

Seminar on ‘Growing Your Business in U.S.’

10th April 2017, Kochi

Mr. Vaibhav Manek, Partner, KNAV & Co. addressing the audience.

IACC-Kerala organized a Seminar on ‘Growing Your Business in U.S.’ on 10th April,2017 at Kochi. Mr. Vaibhav Manek,partneratKNAV&Co.,CharteredAccountants–a member firm of KNAV International Limited, aninternational network ofindependentaccountingfirms, made the presentation on the subject. In hispresentation he delved into the process behind setting up a business in the US,; the parameters that one must consider, the key financial decisions involved andthe steps involved in completing the formalities. The Seminar also gave an overview of the US market, the broad challenges and issues in setting up operations in

Interactive Session with US State Legislators, Rep. Brian Patrick Kennedy and Rep. Greg Snowden

29th August,2017 Venue: Hotel Residency Tower, Trivandrum

Indo-American Chamber of Commerce (IACC)-Kerala in association with U.S. Consulate General in Chennai organized an Interactive Session with visiting US State Legislators, Rep. Brian Patrick Kennedy and Rep. Greg Snowden on 29th August,2017 at Hotel Residency Tower, Trivandrum.

The event was organized in association with Trivandrum Management Association (TMA) and Trivandrum Chamber of Commerce & Industry(TCCI).

Two senior US legislators have underscored the need to enhance the scope of collaborations with India and

made the presentation and also interacted with the participants.

The presentation covered the U.S. Consulate’s visa processing system and the different aspects relatedto the visa application process. The presentation was followed by a Question & Answer session.

the US, the corporate structure and general information regarding tax, immigration and other regulatory issues.

69


Roundtable discussion with the Delegation from the State of South Carolina, USA

November 14, 2016, Chennai

Mr. Ford Graham, Director, International Strategy & Trade, South Carolina Dept. of Commerce addressing the gathering.

The delegates form the State of South Carolina visited Chennai, during their visit IACC organized a Round-table discussion with the members and invitees. The focus of this delegation is to meet organizations who may have potential investment/expansion plans in the US. Mr. A. Sekhar, Chairman, IACC (TN) delivered the welcome remarks, Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai delivered the Opening remarks. Mr. Ford Graham, Director, International Strategy & Trade, South Carolina Dept. of Commerce, USA presented on the support mechanism available to foreign companies looking to set up in South Carolina. Mr. N. V. Venkatasubramanian, Immediate Past Chairman, IACC (TN) delivered the Vote of Thanks.

TAMIL NADU BRANCH

Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai addressing the participants

49th Foundation Day – Networking Nite

October 24, 2016, Chennai

IACC 49th Foundation Day was organized at Chennai, the members and officials from US Consulate General in Chennai participated in this program. Mr. A. Sekhar, Chairman, IACC (TN) delivered the welcome remarks and briefed about the events organized during the Presidential year 2015-16. Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai addressed the members. Past National Presidents Mr. R. Veeramani & Mr. Chella K. Srinivasan also addressed the gathering.

Kerala in areas of common interest. Rep.Greg. Snowden of Mississippi and Rep.Brian Patrick Kennedy of Rhode Island, both Pro-tem Speakers of the respective States, were delivering a talk on ‘Economic Development and Investment Strategies’.

The two US legislators were leading a delegation of the National Conference of State Legislators (NCSL), an umbrella organization ofmembers and staff of state

legislators of the US, which came to Kerala as part of the last leg of their tour to the country. During the visit to the country, they held meetings with people’s representatives, students, industry leaders and the media.

Mr. Eric Lund, Cultural Affairs Officer of the U.S.Consulate in Chennai was also present on the occasion.

Roundtable discussion with the Delegation from the State of South Carolina, USA

November 16, 2016, Tirupur

This session is organized in association with Tirupur Exporters Association. Mr. Raja Shanmugam, President, TEA welcomed the delegates from the South Carolina and he introduced the members of TEA to the delegate Mr. Tony Allen, Sr. Project Manager, South Carolina Department of Commerce. Mr. Allen briefed about the opportunities for Indian companies to expand into the USA. Mr. Veluswami, Vice-President, TEA delivered the vote of thanks.

Mr. Tony Allen, Sr. Project Manager, South Carolina Department of Commerce explaining about the opportunities to expand the business in US

70

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Session on Challenges & Opportunities of setting up a US company

13th December, 2016, Chennai

Mr. Prakash Iyer, President, VXL Services Inc., New Jersey, USA addressed the gathering. Also seen Mr. N. Ramachandran, Chairman, IACC (TN)

Source India 2017 – 8th edition

January 20, 2017, Chennai

IACC supported Source India 2017 - International conference, Exhibition and Buyer-Seller meeting.

The Interactive session with Mr. Vikram Kapur, IAS, Principal Secretary, Industries Dept., Govt. of Tamil Nadu was organized. Senior representatives from US and Indian companies participated in this session. Mr. N. Ramachandran, Chairman welcomed the gathering followed by Mr. S. Sundarram, Vice-Chairman briefed the formation of forum of US companies in Tamil Nadu and its objectives. Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai addressed the participants. The representatives from the manufacturing industriesinteracted with the Industry Secretary on the current scenario and ways of improving the ease of doing business in the State of Tamil Nadu. Mr. N V Srinivasan, President, IACC explained the need for member interaction between local Govt. and American Companies operating in India.

Dignitaries in dais (L-R): Mr. Vikram Kapur, IAS, Principal Secretary, Industries Dept., Govt. of Tamil Nadu, Mr. N. Ramachandran, Chairman, IACC, Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai, Mr. N. V. Srinivasan, National President, IACC

The guest speaker for this session was Mr. Prakash Iyer, President, VXL Services Inc., New Jersey, USA. Mr. N. Ramachandran, Chairman, IACC (TN) delivered the welcome address and introduced the guest speaker to the participants. Mr. Iyer explained about the Challenges & Opportunities involved in setting up a company in USA. He highlighted about the US markets, Do’s and Don’ts in setting up a company in USA, immigration, legal issues, etc.

Interactive session with Industry Secretary

January 30, 2017, Chennai

Networking Dinner with Mr. Patrick O.

Santillo, Counsellor for Commercial Affairs, U.S.

Embassy

February 8, 2017, Chennai

IACC office bearers interacted with Mr. Patrick O. Santillo, Counsellor for Commercial Affairs, U. S. Embassy.

71


Seminar on “Role of MSMEs in enhancing Indo-US Trade”

March 22, 2017, Chennai

Dignitaries in the dais (L-R): Mr. K.K. Jalan, IAS, MSME Secretary, Govt. of India, Mr. N. V. Srinivasan, National President, IACC, Mr. John Fleming, Principal Commercial Officer, American Consulate General in Chennai

Mr. A. Sakthivel, Vice-Chairman, IACC (TN) addressing the gathering in the Inaugural session

Dignitaries in the dais (L-R): Mr. K.K. Jalan, IAS, MSME Secretary, Govt. of India, Mr. N. V. Srinivasan, National President, IACC, Mr. John Fleming, Principal Commercial Officer, American Consulate General in Chennai

Mr. N. Ramachandran, Chairman, IACC (TN) delivering the Welcome address in the Inaugural session

Workshop on GST

April 26, 2017, Chennai

Mr. N. Ramachandran delivered the welcome remarks and introduced the speakers to the participants. In the Technical presentation Mr. K. Vaitheeswaran, Advocate & Tax consultant addressed the topics on GST in India, Concept of Supply,LevyofGSToninter-stateandintra–statetransaction,ImpactofGST,etc,. Mr. D. Soundarajapandian, Jt. Commissioner (Taxation), Govt. of Tamil Nadu, explained the outline of GST and State perspective by presentation. The participants actively participated in the Q & A session.

Mr. K. Vaitheeswaran, Advocate & Tax consultant addressing the participants during the technical presentation

The seminar on “Role of MSMEs in enhancing Indo-US Trade” was organized in partnership with FIEO. The Chief guest for this seminar was Mr. K.K. Jalan IAS, Secretary, MSME Dept., Govt. of India, and Guest of Honour was Mr. Mangat Ram Sharma, IAS, Secretary, MSME Dept., Govt. of Tamil Nadu. The senior representatives from

the MSME sector participated in this seminar. The officials from US consulate were also participated in this program. Our partners for this seminar, Govt. of Tamil Nadu and Pennsylvania Dept. of Community & Economic Development, SIDCO, SBI, Ebay, Srinar Electronics was for this seminar.

Interactive session with Mr. Richard Nader, Mississippi

State University, USA

May 6, 2017, Chennai

Theseniorrepresentativesfrom8differentUniversities / Colleges participated in this session. Mr. Nader explained about the opportunities with Mississippi State University for Student exchange, faculty exchange, study abroad programs. And one-to-one meeting was arranged with the International education consultants for recruitment.

Senior representatives from Universities / Colleges with Dr. Richard Nader, Sr. Vice-President, Mississippi State University, USA

72

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Interactive session with Mr. John Fleming, Principal Commercial Officer, US Consulate

in Chennai

May 9 & 10, 2017, Madurai & Salem

Mr. Fleming explained about the opportunities to invest and expand the business in the USA to all the participants. He also encouraged the participants to make use of the upcoming International Franchise Expo and SelectUSA Investment Summit at USA to explore business opportunities.

Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai addressing the gathering. Also seen, Ms. Sujatha Ravishanker, Regional Director, IACC, Mr. L. Murari, President, MADITSSIA at Madurai

Mr. K. Mariappan, President, The India Chamber of Commerce & Industry greeting Mr. John Fleming, Principal Commercial Officer, US Consulate in Chennai at Salem

Interactive session with US Legislators

May 19, 2017, Chennai

Mr. N. Ramachandran, Chairman, IACC delivered the welcome remarks and introduced theCulturalAffairsOfficerMr. Eric Lund,AmericanConsulateGeneral inChennai.Mr. Lund introduced US legislators Senator Deb M. Peters (Republican party) and Representative Helene M. Keeley (Democratic party) from USA to the participants. Senator Peters addressed on Developing Regional Infrastructure and Representative Keeley addressed on U.S. Tax policies. The session followed by Q&A session.

Senator Deb M. Peters (Republican party) addressing the gathering

IACC Luncheon meeting

June 29, 2017, Chennai

IACC luncheon meeting organized on the occasion to bid farewell to Mr. John Fleming, Principal Commercial Officer, US Consulate General in Chennai.

Pharmac South – 3rd edition

July 7 & 8, 2017, Chennai

IACC supported Pharmac South, conference and expo organized by IDMA with the theme on Challenges and Opportunities for Startups and Growing Pharma Companies.

IACC office bearers with Principal Commercial Officer Mr. John Fleming

Networking Evening

July 24, 2017, Chennai

IACCorganizedNetworkingeveningwithMr.KurtKeller,President–APAC,ParkerHannifinCorporation.TheseniorrepresentativesfromUScompaniesparticipatedin this program. Mr. Atulya Mishra IAS, Secretary to Govt. of Tamil Nadu, Industries Department was present and interacted with the participants. The officials from the US Consulate General in Chennai was also take part in this program.

Mr. N. Ramachandran, Chairman, IACC (TN), greeted Mr. Keller with the bouquet and delivered the welcome remarks. Mr. Arjit Sen, Country Managing Director, ParkerHannifinPvt.Ltd.introducedMr.Kellertoalltheparticipants.

Mr. N. Ramachandran, Chairman, IACC presenting a bouquet to Mr. Kurt Keller, President – APAC, Parker Hannifin Corporation

73


Aerospace & Defense sector focussed Business Delegation to USA

August 20 – September 2, 2017

IACC organized a Business Delegation to USA from August 20 to September 1, 2017. The focussed sectors of this delegation is Aerospace and Defense. The delegation visited cities include, Los Angeles, San Diego, Seattle, Orlando, Jacksonville, Huntsville and Atlanta.The delegation aimed at exchange of information, explore trade opportunities including collaborations, joint ventures, strategic partnerships and capital investments in both the countries. The 18 member delegation comprised of Industry representatives and government officials from the State of Tamil Nadu.

With the support of our various partners including, U.S. Department of Commerce and Consulate General of India a number of meetings with the local trade bodies, U.S. companies, Govt. leaders, academic institutions / research centres and plant visits were organized. The delegation had the opportunity to demonstrate capabilities, needs and explore trade opportunities with key OEMs like Boeing, L3 International, Lockheed Martin, Cubic Defense, etc. and other tier I / II suppliers. The Govt. of Tamil Nadu officials demonstrated the upcoming Aerospace Park in Chennai and invited partnerships with U.S. companies.

KARNATAKA BRANCH

Getting GST Ready

26th October 2016, Bengaluru

Overview of the GST including Model GST law released by Government, Government’s readiness to introduce GST in India- Impact of GST on business- Approach to GST including sharing of practical

experiences

Speaker Mr. Sachin Agarwal, Director, Tax & Regulatory Services Ernst & Young LLP

74

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Interactive Session on “New Policies during Trump Era”

10th January 2017, Bengaluru

Address by Mr. N. V. Srinivasan, National President, IACC

Speaker Ms. Anu Peshawaria, Attorney from United States

Mr. Panish Hangal, Branch Committee Member IACC – Karnataka, Ms. Jitika Narang, Branch Secretary IACC – Karnataka, Mr. N. V. Srinivasan, National President, IACC, Ms. Anu Peshawaria, Attorney from United States, Mr. Vasanth Kini, Senior National Leader IACC, Mr. Puneet Jain, Sr. Vice Chairman IACC – Karnataka, Mr. Rajesh Rathi, Branch Committee Member IACC – Karnataka, Ms. Navya S. K., Admin – Accounts Executive IACC – Karnataka

Speaker Mr. Sunil Arora, Partner, ASA Associates LLP Speaker Mr. Nitish Parameswaran, Partner, ASA Associates LLP

IACC Invitation for a seminar on Post Budget Analysis

7th February 2017, Bengaluru

IACC Invitation CEO Survey by PWC

14th June 2017, Bengaluru

Mr. Dwarak, Senior Partner, PWC presented finding of Survey to IACC members.Mr. Rajesh Rathi, Branch committee member of IACC, Karnataka Chapter gave vote of Thanks

The objective of this session is to explain about the US polices to the Industry Members, keeping in view of the new Government which is to take place shortly as well

as explain the difficulties faced by Indian industries in US and how to make use of the resources currently availabletobenefitIndianbusinessesintheUS.

75


Seminar on “Income Computation & Disclosure Standards”


Speaker Mr. Jayakumar P R, Practice Head & Tax Partner, ASA Associates LLP

The central government has introduced ICDS under Income Tax the reporting requirements of income computationby certain assesses for certain specifiedincomes. These standards come into force w.e.f financialyear2016-17.Accordinglyapplicable for theassessment year 2017-18.

Broadly these standards are applicable to computation of income from business or profession and income from other sources. The assesses covered are those following mercantile system of accounting. However, individuals and HUF are covered only if they are under Tax Audit. There are about 10 standards covering,

IACC Invitation for American Independence Day celebrations


Mr. Pavan Kumar C V, Chairman, IACC, Karnataka addressing the gathering

Mr. Pavan Kumar C V, Chairman, IACC, Karnataka presenting Memento to Awardee of GreenTee 2017

Green Tee 2017


The game of Golf was introduced to India way back in the 1820s. As a sport, it has made rapid strides across the length and breadth of India. In the past decade, Golf has become both a social and a business network option. Is it garnering the maximum mileage for a corporate initiative or an opportunity to close a business transaction, Golf Course has now become the

Mr. B M Karunesh- Director, Adarsh Developers, Mr. Vasanth Kini, MD, Titanium Industries India Pvt. Ltd , Mr. Satish Kumar- Asia Pacific HR Director, Moog India Technology Center, Mr. Akhshat Prasad , Director, Zoodle Hospitality

platform or the battle ground where more and more deals are being swung or sealed over a tee on the Green.

“Business golf” is slowly becoming a part of the corporate lexicon in India and a place to be in for corporate honchos and business gurus. The other more important reason for golf becoming a hit in corporate India is the opportunity it provides for networking. With more and more business tycoons joining the golf club, Corporate Golf Tournaments have become a part of business and brands.

IACC is organising its 7th edition of IACC Green Tee 2017 Golf Tournament schedule on June 30th, 2017 at Eagleton, Golf Village, Bengaluru. This golfingtournament which caters mainly to corporates will witness participation from over 200 top executives from the industry.

IACC is celebrating the Independence Day of USA. Fellowship, quiz, prize distribution to the winners of GreenTee 2017 will make the evening a memorable one for all.

This gala event, with music and entertainment serves to bring together esteemed members representing top Indian and US companies and professional for interaction and networking. We hope to have an evening of festival and bonhomie!

accounting policies, inventory valuations, revenue recognition, borrowing costs, foreign exchange gains and losses, provisions and contingent assets etc.

With the idea of gaining knowledge and being updated about the effectivenessandimportanceofICDSto your business, we are organizing a Hi-Tea Seminar on ICDS in association with ASA & Associates LLP on June 16, 2017 from 4:00 pm onwards.

76

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Mr. Pavan Kumar, Chairman, IACC Karnataka Chapter, Mr. N V Srinivasan, National President, IACC, Mr. Kumar Pushkar, IFS, Managing Director, Karnataka State Tourism Development Corporation Ltd

Mr. N V Srinivasan, National President, IACC, Mr. Kumar Pushkar, IFS, Managing Director, Karnataka State Tourism Development Corporation Ltd

Mr. Pavan Kumar, Chairman, IACC Karnataka Chapter, Mr. N Raju, Regional President-SIC, IACC,Mr. Puneet Jain, Vice Chairman, IACC Karnataka Chapter, Mr. N V Srinivasan, National President, IACC, Mr. Kumar Pushkar, IFS, Managing Director, Karnataka State Tourism Development Corporation Ltd

Indo-US Promotion of Travel & Tourism

7th July 2017, Bengaluru

As India and USA have signed a MoU on tourism, and are celebrating the year 2017 as the year of Tourism Cooperation. We are pleased to announce the Indo-US Promotion of Travel & Tourism, to be held on July 7, 2017 at ITC Windsor, Bengaluru and the core theme has been aptly chosen as “Leveraging Technology to Boost Tourism”.

Indo-US Promotion of Travel & Tourism is organized by The Indo American Chamber of Commerce(IACC) in association with Department of Tourism, Govt. of Karnataka. IACC being the apex bilateral Chamber of Commerce in India, committed to Indo-US business and trade development. And playing a pivotal role in promotion of Travel & Tourism sector in India and the USA via events, branding trade shows and every Region andstate - wise highlighting of tourism attractions, and potentials in India as well as USA.

Tourism is travel for pleasure or business also, the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism in India is economically important and is growing rapidly.

In today’s world the technology had made us less sociable, inhibiting face to face and physical interaction. However, the concept that leveraging technology allows us to overcome the limitations of physical distance through our finger tips, presents countlessopportunities for the travel and tourism industry to flourish.

This a platform to explore unlimited opportunities and possibilities in Tourism with technology and provide a platform for building on the advantage that Karnataka and India brings.

The Conference will focus on the key areas such as Role of Social Media in promoting TOURISM and Digital Tools - The Way Forward among others.

77


REPORT OF THE EXECUTIVE COUNCIL FOR THE YEAR 2016-2017

To,The MembersIndo-American Chamber of Commerce

The Executive Council of the Chamber has pleasure in presenting the 48th Annual Report of Indo-American Chamber of Commerce together with the Audited Financial Statements for the year ended 31st March 2017.

BRIEF BACKGROUNDAbout IACC:

The Indo-American Chamber of Commerce (IACC), established in 1968, is the apex bi-lateral Chamber synergizing India-US Economic Engagement. It was started by Ambassador Chester Bowles along with the then Industry leaders and visionaries like Mr. S L 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 enhancing US India Economic Engagement. Today IACC has pan India presence with 2000 members approximately, representing cross section of US and Indian Industry. 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 acts as a catalyst for sustainable growth of business between India and the US. In its four decades of existence, IACC has established operational connectivity with a host of business, research and developmental institutions in India and US in order to leverage each other’s capabilities for enhancing Indo-US business relations. The Chamber continuously interacts with the Indian and US Governments, and provides them feedback on bilateral issues relating to trade and investment. In essence, IACC also acts as a forum for its member companies to interact with senior functionaries of both the Governments. IACC member companies are involved in a cross-section of business domains such as manufacturing, engineering, construction, consumer goods, electronics, IT, pharmaceuticals, consulting, travel and tourism, etc. The geographical spread of IACC is unique as it operates through 10 offices located throughout the country. These are in Mumbai, Kolkata, Delhi, Chennai, Ahmedabad, Banglore, Cochin, Hyderabad, Pune & Varanasi.

STATE OF THE CHAMBER’S AFFAIRSKEY FINANCIAL HIGHLIGHTSThefinancialperformanceoftheChamberforthefinancialyearended31stMarch,2017issummarizedbelow:

Particulars 31-Mar-17 (In Rs.) 31-Mar-16 (In Rs.) ChangeRevenue from operations 7,96,20,359 8,62,95,740 -7.74%Other Income 1,13,36,016 72,37,448 +56.63%Total Income 9,09,56,375 9,35,33,188 -2.75%Less:Expenses 7,91,25,933 8,85,17,034 -10.61%NetProfit/LossbeforeExceptionalitems&Taxes 1,18,30,444 50,16,154 +135.85%Add: Exceptional items --NetProfit/LossfortheyearbeforeTaxes 1,18,30,444 50,16,154 +135.85%Less: Provision for TaxesCurrent Tax --Deferred Tax Assets --Profit/Lossaftertax 1,18,30,444 50,16,154 +135.85%

78

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

FINANCIAL PERFORMANCE:The Chambers’ Revenue for the year is INR 7,96,20,359 as compared to INR 8,62,95,740 in previous year.

MEMBERSHIP POSITION AS ON MARCH 31, 2017:As on March 31, 2017, the total number of members of the Chamber stood at 2158 as against 2263 in the previous year.

EAST WEST NORTH SOUTH TOTAL

PATRON 19 (19) 206 (204) 46 (43) 61 (58) 332 (324)

ORDINARY 182 (182) 349 (384) 316 (338) 817 (860) 1664 (1764)

ASSOCIATION - 2 (2) - 4 (4) 6 (6)

ADDITIONAL 15 (17) 47 (58) 24 (26) 69 (67) 155 (168)

OVERSEAS - HO-1 (1) - - 1 (1)

TOTAL 216 (218) 605 (649) 386 (407) 951 (989) 2158 (2263)

DIVIDEND:Indo-American Chamber Of Commerce being a Section 8 Company and having no share capital, it is not allowed to declare any dividend.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO [SECTION 134(3)(m) OF THE COMPANIES ACT, 2013:Particulars required to be furnished by the Companies as per Rule 8 of Companies (Accounts) Rules, 2014, are as follows:

A. RULE 8 SUB-RULE 3 (A) PERTAINING TO CONSERVATION OF ENERGYAlthough operations of the Chamber are not energy intensive, steps are always been taken to conserve energy in all possible areas.

B. SUB-RULE 3 (B) PERTAINING TO TECHNOLOGY ABSORPTION The Chamber has not acquired any technologies during the year under review.

C. RULE 8 SUB-RULE 3 (C) PERTAINING TO FOREIGN EXCHANGE EARNINGS AND OUTGO-

Particulars 2017 (Rs Lakhs) 2016 (Rs Lakhs)

Foreign Earnings/Receipts 38.67 16.95

Foreign Expenditure 3.50 3.15

CHANGES IN THE NATURE OF BUSINESS, IF ANY:Duringthefinancialyear2016-2017therewasnochangeinthenatureofbusiness.

MATERIAL CHANGES AND COMMITMENTS DURING THE YEAR:No material changes and commitments have occurred after the close of the year till the date of this Report, which affectsthefinancialposition.

ANNUAL RETURN:The extract of Annual Return pursuant to Section 92 of the Companies Act, 2013 read with The Companies (Management and Administration) Rules, 2014 in the prescribed Form MGT-9 is annexed as “ANNEXURE 1” to this report as on 31st March, 2017.

LOANS, GUARANTEE OR INVESTMENTS BY THE CHAMBER:There were no loans, guarantee or investment made by the Chamber under Section 186 of the Companies Act, 2013 during the year under review and hence the said provision is not applicable.

79


FIXED DEPOSITS / DEPOSITS:DuringtheyearunderreviewIndo-AmericanChamberofCommercehasnotacceptedorinvitedanyfixeddepositsfromthepublicandtherearenooutstandingfixeddepositsfrompublicasontheBalanceSheetdate.

DISCLOSURES UNDER SECTION 164(2):Noneof the ExecutiveCouncilmembersof theChamber aredisqualified frombeing appointed asDirectors asspecifiedunderSection164(2)oftheCompaniesAct,2013.

DETAILS OF CHANGE IN EXECUTIVE COUNCIL MEMBERS:The details of Change in Executive Council Members are as follows:

Sr. No Name of the Executive Council Member ParticularsDate of Appointment and

Resignation

1 Mr. Baljit Sobti Resignation 18/11/2016

2 Mr. K Padmakumar Resignation 22/10/2016

3 Mr. Vinay Kumar Resignation 1/12/2016

4 Mr. V. Srinivasan Resignation 21/11/2016

5 Mr. Rabindra Srikantan Resignation 18/11/2016

6 Mr. Vasanth Kini Resignation 22/10/2016

7 Ms. Poorvi Chothani Resignation 07/11/2016

8 Mr. Sarbajit Ghose Resignation 18/11/2016

9 Dr. G C Gopala Pillai Resignation 30/07/2016

10 Dr. Prakash Chandran Resignation 30/07/2016

11 Dr. Lalit Bhasin Appointment 22/10/2016

12 Mr. Asoke K Laha Appointment 22/10/2016

13 Dr. Sankaran Raghunathan Appointment 22/10/2016

14 Mr. S Ravishankar Appointment 22/10/2016

15 Mr. S. Purnachandra Rao Appointment 22/10/2016

16 Mr. Shantanu Deb Mookerjea Appointment 22/10/2016

17 Ms. Madhulika Gupta Appointment 22/10/2016

18 Mr. Sunder Advani Appointment 22/10/2016

19 Mr. Nanik Rupani Appointment 22/10/2016

20 Mr. Ravi Vishnu Appointment 22/10/2016

21 Mr. R.N. Ghosal Appointment 22/10/2016

80

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

MEETINGS:The Executive Council held the following meetings during the year:

Sr. No Date of Meetings Venue & time of Meeting

Executive Council

members present

Executive Council members to whom

leave of absence was granted

1 Saturday, April 30, 2016 HotelVivantabyTaj–Connemara,Chennai11.00 A.M. To 2.00 P.M. 18 19

2 Saturday, July 30, 2016 Hotel Ambassador, Churchgate, Mumbai 11.00 A.M. onwards 22 14

3 Wednesday, September 21, 2016

The Garware Club House, Hall No. 4, Churchgate, Mumbai 11.00 A.M. onwards

15 19

4 Tuesday, November 15, 2016

Presidential Ballroom, Hotel Vivanta By Taj, Mumbai 11.00 A.M onwards

23 10

5 Saturday, January 7, 2017

Radisson Blu Hotel GRT, No.531, GST Road, St. Thomas Mount, Chennai 600 016 10.00 A.M. onwards

17 13

6 Saturday, March 4, 2017The Living Room, Hyatt Regency, Bhikaji Cama Place, New Delhi 10.00 A.M. TO 04.00 P.M.

17 14

RecordofattendanceofExecutiveCouncilmembersforthefinancialyearisgiveninExhibitA.

EXPERT FORUMS OF THE CHAMBER:Sr. No Name of Expert Forum1. Aviation Sector2. Bilateral Trade and the Economic Policy3. Media and Entertainment4. Branding5. Travel and Tourism6. Textile7. Energy8. Education

DIRECTOR’S RESPONSIBILITY STATEMENT:Pursuant to sub-section (5) of Section 134 of the Companies Act, 2013 and to the best of their knowledge and belief and according to the information and explanations obtained /received from the operating management, the ExecutiveCouncilmembersmakethefollowingstatementandconfirmthat-

a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) the Executive Council members had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state ofaffairsoftheChamberattheendofthefinancialyearandoftheIncomeandexpenditureoftheChamberforthat period;

c) the Executive Council members had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Chamber and for preventing and detecting fraud and other irregularities;

81


d) the Executive Council members had prepared the annual accounts on a going concern basis; and

e) the Executive Council members had devised proper systems to ensure compliance with the provisions of all applicablelawsandthatsuchsystemswereadequateandoperatingeffectively.

STATUTORY AUDITORS:M/s. M/P. Chitale & Co., Chartered Accountants bearing Registration Number 101851W were appointed as Statutory Auditors of the Chamber for a period of 3 years at the Annual General Meeting held on October 22, 2016. The Auditors have expressed unwillingness to continue as Statutory Auditors. M/s. Shah Gupta & Co., Chartered Accountants bearing Registration Number 109574W is appointed as Statutory Auditors by the Executive Council members, subject to approval by the members of Chamber.

COMMENTS OF THE EXECUTIVE COUNCIL ON THE OBSERVATIONS BY STATUTORY AUDITORS ON ACCOUNTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2017:The Chamber has decentralized accounting system. Each branch and head office maintains separate books of accounts. There are some opening balances which are carried forward since several years. Since the Branches havenotsetofftheirtaxliabilitiesagainstthepaymentmadetoheadoffice,taxpayableisshownasliabilityandthe payment made to head office is shown as asset. However Head office has paid all the taxes at central level. Intercompanyreconciliationistallied.TheChamberisinprocessofsettingoffalltheoutstandingbalances.

DISCLOSURE OF REMUNERATION PAID TO EXECUTIVE COUNCIL MEMBERS: Remuneration is not paid to any Executive Council Members.

OBLIGATION OF CHAMBER UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:Indo-American Chamber Of Commerce has always believed in providing a safe and harassment free workplace for every individual through various interventions and practices. The Chamber always endeavors to create and provide an environment that is free from discrimination and harassment including sexual harassment.

During the year ended 31st March, 2017 there were no complaint been received pertaining to sexual harassment of women at workplace.

ACKNOWLEDGEMENT:The Executive Council place on record their deep appreciation to employees at all levels for their hard work, dedication and commitment.

The Executive Council take this opportunity to place on record their gratitude for co-operation and support received from its members and other stakeholders.

For and on behalf of the Executive CouncilIndo-American Chamber of Commerce

___________________ ___________________N V Srinivasan Vasant SubramanyanNational President Executive Vice PresidentDIN: 02679476 DIN: 00200634Address : Kumars Suja Flat A3, Address : 13/1, Ballygunge Circular Road P.o.No.5, Kamala Bai Street, Ballygunge calcutta-700019T.Nagar, Chennai 600017


82

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Form No. MGT-9EXTRACT OF ANNUAL RETURN

Asonthefinancialyearended31.03.2017[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and

Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS

i) CIN:- U74999MH1968GAP014120

ii) RegistrationDate– 24/10/1968

iii) Name of the Company - Indo-American Chamber of Commerce

iv) Category / Sub-Category of the Company Company limited by Guarantee/ Guarantee and Association company

v) Address of the Registered office and contact details 1C Vulcan Insurance Bldg Veer Narikman Road, Mumbai-400020

vi) Whether listed company No

II. PRINCIPAL BUSINESS ACTIVITIES OF THE CHAMBER All the business activities contributing 10 % or more of the total turnover of the Chamber shall be stated:

SR. No.Name and Description of main

products/servicesNIC code of Product/Services

% to total turnover of the Chamber

1 OTHER SERVICES 9997 100

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES :The Chamber does not have any Holding, Subsidiary and Associate Companies.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)The Chamber is a Company provided under Section 8 of Companies Act, 2013 having no Share Capital.

V. INDEBTEDNESS: Indebtedness of the Chamber including interest outstanding/accrued but not due for payment: NIL

Secured Loans excluding deposits

Unsecured Loans

Deposits Total Indebtedness

Indebtednessatthebeginningofthefinancialyear -- -- -- --

i) Principal Amount -- -- -- --

ii) Interest due but not paid -- -- -- --

iii) Interest accrued but not due -- -- -- --

Total (i+ii+iii) -- -- -- --

ChangeinIndebtednessduringthefinancialyear -- -- -- --

Addition -- -- -- --

Reduction -- -- -- --

Net Change -- -- -- --

Indebtednessattheendofthefinancialyear -- -- -- --

i) Principal Amount -- -- -- --

ii) Interest due but not paid -- -- -- --

iii) Interest accrued but not due -- -- -- --

Total (i+ii+iii) -- -- -- --

83


VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:A. Remuneration to Managing Director, Whole-time Directors and/or Manager-NIL

Sr. no

Particulars of Remuneration Name of MD/WTD/ ManagerTotal

Amount

1. Gross salary • Salary as per provisions contained in section

17(1) of the Income-tax Act, 1961• Valueofperquisitesu/s17(2) Income-taxAct,

1961 • (c)Profits in lieuof salaryundersection17(3)

Income-tax Act, 1961

-- -- -- -- --

2. Stock Option -- -- -- -- --

3. Sweat Equity -- -- -- -- --

4. Commission -as%ofprofit- others, specify

-- -- -- -- --

5. Others, please specify -- -- -- -- --

Total (A) -- -- -- -- --

Ceiling as per the Act-- -- -- -- --

B. Remuneration to other directors: Not Applicable

Sr. no

Particulars of Remuneration Name of DirectorsTotal

Amount

3. Independent Directors• Feeforattendingboard/committeemeetings• Commission• Others,pleasespecify

-- -- -- -- --

Total (1) -- -- -- -- --

1. Other Non-Executive Directors • Feeforattendingboard/committeemeetings• Commission• Others,pleasespecify

-- -- -- -- --

Total (2) -- -- -- -- --

Total (B)=(1+2)-- -- -- -- --

Total Managerial Remuneration -- -- -- -- --

Overall Ceiling as per the Act -- -- -- -- --

84

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD- Not Applicable

Sr. no

Particulars of Remuneration Key Managerial Personnel

CEOCompany Secretary

CFO Total

1. Gross salary a) Salary as per provisions contained in section 17(1) of the

Income-tax Act, 1961 b) Value of perquisites u/s 17(2) Income-tax Act, 1961 c) (c)Profitsinlieuofsalaryundersection17(3)Income-tax

Act, 1961

-- -- -- --

2. Stock Option -- -- -- --

3. Sweat Equity -- -- -- --

4. Commission -as%ofprofit- others, specify

-- -- -- --

5. Others, please specify -- -- -- --

Total -- -- -- --

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

TypeSection of the

Companies Act

Brief Description

Details of Penalty/ Punishment/ Compounding

fees imposed

Authority [RD/ NCLT/ Court]

Appeal made, if any (give

details)

Penalty NIL

Punishment NIL

Compounding NIL

OTHER OFFICERS IN DEFAULT

Penalty NIL

Punishment NIL

Compounding NIL

TwomembersfromaBranchfiledacriminalcomplaintagainstsomebranchfunctionarieslevyingcertainallegationsand also included names of certain Management Committee members of the Chamber. The Management Committee appointed an independent Committee, comprising of certain management committee members. On investigation, the committee, found that the Complaint had no legal basis. Accordingly, there is no need to book any loss for the same.

For and on behalf of the Executive CouncilIndo-American Chamber of Commerce

___________________ ___________________N V Srinivasan Vasant SubramanyanNational President Executive Vice PresidentDIN: 02679476 DIN: 00200634Address : Kumars Suja Flat A3, Address : 13/1, Ballygunge Circular Road P.o.No.5, Kamala Bai Street, T.Nagar, Chennai 600017 Ballygunge calcutta-700019


85


Exhibit A: Attendance of EC membersEXHIBIT A: Attendance of EC members from April 2016 to March 2017Sr.No. Office bearers Meetings attended upto March, 20171. Mr. N V Srinivasan 62. Dr. Lalit Kanodia 63. Mr. Vasant Subramanyan 44. Dr. Lalit Bhasin 45. Dr. Prasad Medury 36. Mr. Atul Sharma 07. Mr. S K Sarkar 48. Mr. Asoke K Laha 49. Ms. Priya Chetty Rajagopal 310. Mr. C Suresh Reddy 311. Mr. T.N. Venkatanarayanan 612. Dr. Sankaran Raghunathan 313. Mr. S Ravishankar 114. Mr. Nitin Deshpande 115. Mr. Raghvendra Ponkshe 116. Mr. Prashant Krishnan 217. Mr. Pankaj Bohra 318. Mr. S. Purnachandra Rao 619. Mr. Shantanu Deb Mookerjea 320. Ms. Madhulika Gupta 621. Mr. Sunder Advani 522. Mr. Nanik Rupani 423. Mr. Ravi Vishnu 224. Mr. R.N. Ghosal 225. Ms. Rajyalakshmi Rao 126. Mr. Ahsan Khan 127. Mr. Annam Dilip Kumar 228. Ms. Heena Gorsia 029. Mr. Sanjay Mehta 330. Mr. R.B.V.V. Narasimha Raju 131. Mr. B K Nahata 332. Mr. Sunder Advani 533. Mr. Vasanth Kini 334. Mr. Baljit Sobti 335. Dr. G C Gopala Pillai 236. Mr. N.V. Venkatasubramanian 137. Ms. Poorvi Chothani 038. Dr. Prakash Chandran 039. Mr. Rajan Vasa 140. Mr. Rajaram Rajkumar 141. Mr. Rabindra Srikantan 142. Mr. Sandeep Marwah 043. Mr. Vinay Kumar 144. Mr. V. Srinivasan 345. Mr. S. Chandrasekar 1

86

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF INDO-AMERICAN CHAMBER OF COMMERCE

1. Report on the Standalone Financial Statements We have audited the accompanying standalone financial statements of INDO-AMERICAN CHAMBER OF

COMMERCE (“the Company”), which comprise the Balance Sheet as at March 31, 2017, and the Income and ExpenditureAccountfortheperiodthenended,andasummaryofsignificantaccountingpoliciesandotherexplanatoryinformationhereafterreferredtoasfinancialstatements.

2. Management’s responsibility for the Financial Statements The Company's Board of Directors are responsible for the matters stated in Section 134(5) of the Companies Act,

2013("theAct")withrespecttothepreparationofthesestandalonefinancialstatementsthatgiveatrueandfairviewofthefinancialposition,financialperformanceoftheCompanyinaccordancewiththeaccountingprinciplesgenerallyacceptedinIndia,includingtheAccountingStandardsspecifiedunderSection133oftheAct read with Companies (Accounting Standards) Amendment Rules, 2016. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation andmaintenance of adequate internal financial controls, that wereoperatingeffectivelyforensuringtheaccuracyandcompletenessoftheaccountingrecords,relevanttothepreparationandpresentationofthefinancialstatementsthatgiveatrueandfairviewandarefreefrommaterialmisstatement, whether due to fraud or error.

3. Auditor’s Responsibility 3.1 Ourresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.

3.2 We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

3.3 WeconductedourauditinaccordancewiththeStandardsonAuditingspecifiedunderSection143(10)of the Act. Those Standards require that we comply with ethical requirements and plan and perform theaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreefrommaterialmisstatement.

3.4 An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements.Theprocedures selecteddependon theauditor’s judgment, including theassessmentof the risksofmaterialmisstatementof thefinancial statements,whetherdue to fraudorerror. Inmaking those riskassessments, theauditorconsiders internalfinancial control relevant to theCompany’spreparationofthefinancialstatementsthatgiveatrueandfairview,inordertodesignauditprocedures that are appropriate in the circumstances, but not for purpose of expressing an opinion on whethertheCompanyhasinplaceanadequateinternalfinancialcontrolsystemsoverfinancialreportingandtheoperatingeffectivenessofsuchcontrols.Anauditalsoincludesevaluatingtheappropriatenessofaccounting policies used and the reasonableness of the accounting estimates made by Company's Board ofDirectors,aswellasevaluatingtheoverallpresentationofthefinancialstatements.

3.5 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ourauditopiniononthefinancialstatements.

4. Basis for Qualified Opinion We invite attention to notes regarding the pending reconciliation of general ledger balances with subsidiary

recordstheeffectofwhichontheresultsfortheyearandthenetassetsisnotascertainable.

87


5. Qualified Opinion In our opinion and to the best of our information and according to the explanations given to us, except for the

possibleeffectsofthemattersdescribedinthebasisforqualifiedopinionpara,thefinancialstatementsgivethe information required by the Act in the manner so required and give a true and fair view in conformity with theaccountingprinciplesgenerallyacceptedinIndia,ofthestateofaffairsoftheCompanyasatMarch31,2017, and its income for the year ended on that date

6. Report on Other Legal and Regulatory Requirements

As required by section 143(3) of the Companies Act 2013, we report that:

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

b. ExceptforthepossibleeffectsofthematterdescribedintheBasisofQualifiedOpinionparagraph,inouropinion, proper books of account as required by law have been kept by the company so far as it appears from our examination of those books.

c. The Balance Sheet & Income and Expenditure Account dealt with by this Report are in agreement with the books of account

d. ExceptfortheeffectsofthematterdescribedintheBasisforQualifiedOpinionparagraphabove,inouropinion,theaforesaidstandalonefinancialstatementscomplywiththeAccountingStandardsspecifiedunder Section 133 of the Act, read with Companies (Accounts) Rules, 2016.

e) Thematterdescribed intheBasis forQualifiedOpinionparagraphabove, inouropinion,mayhaveanadverseeffectonthefunctioningoftheCompany.

f ) On the basis of written representations received from the Directors as on 31st March 2017, none of the directors isdisqualifiedason31stMarch,2017,frombeingappointedasadirector intermsofSection164(2) of the Act.

g) ThequalificationrelatingtothemaintenanceofaccountsandothermattersconnectedtherewithareasstatedintheBasisforQualifiedOpinionparagraphabove.

(h) WithrespecttotheadequacyoftheinternalfinancialcontrolsoverfinancialreportingoftheCompanyandtheoperatingeffectivenessofsuchcontrols,refertoourseparatereportcarryingadisclaimerofOpinionin “Annexure B”;

7. With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014 and Companies (Audit and Auditors) Amendment Rules, 2017, in our opinion and to the best of our information and according to the explanations given to us:

(i) TheCompanyhasdisclosedtheimpactofpendinglitigationsinitsfinancialstatements.(ReferNote32.1)

(ii) The Company does not have any long term contracts including derivative contracts for which there were any material foreseeable losses.

iii) The Company was not required to deposit or pay any dues in respect of the Investor Education and Protection Fund during the year.

88

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

iv) The Company was not in a position to provide adequate information to support the requisite disclosure madeinNoteno.31 in itsfinancialstatementsastoholdingaswellasdealing inSpecifiedBankNotes(SBN’s) during the period from November 8, 2016 to December 30, 2016. Hence, we are not in a position to comment whether the requisite disclosures have been made and that they are in accordance with books of accounts maintained by Company.

8. Thisreportdoesnot includeastatementonthemattersspecified inparagraphs3and4oftheCompanies(Auditor’s Report) Order, 2015 (“the Order”) issued by the Central Government in terms of Section 143(11) of the Act, since the said order is not applicable to the Company being a company licensed to operate under section 8 of the Companies Act, 2013.

For M P Chitale & Co.Chartered AccountantsICAI FR No. 101851W

Murtuza VajihiPartnerICAI M No. 112555Place: Mumbai Date : September 2, 2017

89


ANNEXURE A TO THE INDEPENDENT AUDITOR’S REPORT

(Refer to in paragraph 5 (f ) of our report of even date)

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)WehaveauditedtheinternalfinancialcontrolsoverfinancialreportingofIndoAmericanChamberofCommerceasof31stMarch,2017inconjunctionwithourauditofthestandalonefinancialstatementsoftheCompanyfortheyear ended on that date.

Management’s Responsibility for Internal Financial ControlsTheCompany’smanagementisresponsibleforestablishingandmaintaininginternalfinancialcontrolsbasedontheinternalcontroloverfinancialreportingcriteriaestablishedbytheCompanyconsideringtheessentialcomponentsof internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) issued by the Institute of Chartered Accountants of India (the “ICAI”). These responsibilities include thedesign,implementationandmaintenanceofadequateinternalfinancialcontrolsthatwereoperatingeffectivelyfor ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accountingrecords,andthetimelypreparationofreliablefinancialinformation,asrequiredundertheCompaniesAct, 2013.

Auditors’ ResponsibilityOur responsibility is toexpressanopinionon theCompany’s internalfinancial controlsoverfinancial reportingbased on our audit. We conducted our audit in accordance with the Guidance Note issued by ICAI and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extentapplicabletoanauditofinternalfinancialcontrols.ThoseStandardsandtheGuidanceNoterequirethatwecomply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequateinternalfinancialcontrolsoverfinancialreportingwereestablishedandmaintainedandifsuchcontrolsoperatedeffectivelyinallmaterialrespects.

Ouraudit involvesperformingprocedurestoobtainauditevidenceabouttheadequacyoftheinternalfinancialcontrolssystemoverfinancialreportingandtheiroperatingeffectiveness.Ourauditofinternalfinancialcontrolsoverfinancialreportingincludedobtaininganunderstandingofinternalfinancialcontrolsoverfinancialreporting,assessingtheriskthatamaterialweaknessexists,andtestingandevaluatingthedesignandoperatingeffectivenessof internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including theassessmentoftherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinionontheCompany’sinternalfinancialcontrolssystemoverfinancialreporting.

Meaning of Internal Financial Controls Over Financial ReportingAcompany’sinternalfinancialcontroloverfinancialreportingisaprocessdesignedtoprovidereasonableassuranceregarding the reliabilityoffinancial reportingand thepreparationoffinancial statements forexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciples.Acompany’sinternalfinancialcontroloverfinancialreporting includes those policies and procedures that

(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

90

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

(2) Providereasonableassurancethattransactionsarerecordedasnecessarytopermitpreparationoffinancialstatements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

(3) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or dispositionofthecompany’sassetsthatcouldhaveamaterialeffectonthefinancialstatements.

Inherent Limitations of Internal Financial Controls Over Financial ReportingBecauseoftheinherentlimitationsofinternalfinancialcontrolsoverfinancialreporting,includingthepossibilityof collusion or improper management override of controls, material misstatements due to error or fraud may occur andnotbedetected.Also,projectionsofanyevaluationoftheinternalfinancialcontrolsoverfinancialreportingto futureperiodsare subject to the risk that the internalfinancial controloverfinancial reportingmaybecomeinadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Disclaimer of OpinionAccording to the information and explanation given to us, the Company has not established its internal financial control over financial reporting on criteria based on or considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. Because of this reason, we are unable to obtain sufficient appropriate audit evidence to provide a basis for our opinion whether the Company had adequate internal financial controls over financial reporting and whether such internal financial controls were operating effectively as at March 31, 2017.We have considered the disclaimer reported above in determining the nature, timing, and extent of audit tests applied in our audit of the standalone financial statements of the Company, and the disclaimer, subject to the matter qualified in our main audit report, has also resulted in a modified opinion on the standalone financial statements of the Company.

For M P Chitale & CoChartered AccountantsFirm Regn No. 101851W

Murtuza VajihiPartnerICAI M No. 112555

Place : MumbaiDate : September 2, 2017

91


INDO-AMERICAN CHAMBER OF COMMERCEBALANCE SHEET AS AT 31ST MARCH, 2017

92

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

INDO-AMERICAN CHAMBER OF COMMERCEINCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2017

93


INDO-AMERICAN CHAMBER OF COMMERCE(Incorporated under the Companies Act, 1956 on 24th October, 1968)

NOTES ANNEXED TO AND FORMING PART OF THE BALANCE SHEETAS AT 31ST MARCH, 2017 AND THE INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED ON THAT DATE

1) Significantaccountingpolicies

i) Basis of accounting The chamber follows mercantile system of accounting and recognizes income and expenditure on an

accrual basis. Financial Statements are prepared under historical cost convention, in accordance with the Generally Accepted Accounting Principles in India (GAAP) and comply in all material aspects, with accountingstandardsspecifiedinSection133oftheCompaniesAct,2013andCompanies(AccountingStandards)AmendmentRules,2016.Thesignificantaccountingpoliciesfollowedbythecompanyaresetout below.

ii) Use of Estimates Thepreparationoffinancialstatementsis inconformitywithGenerallyAcceptedAccountingPrinciples

(GAAP)whichrequireestimatesandassumptionstobemadethataffectthereportedamountsofassetsand liabilities and disclosure of contingent liabilities on the date of the financial statements and thereportedamountsofrevenuesandexpensesduringthereportingperiod.Actualresultscoulddifferfromthoseestimatesanddifferencesbetweenactual resultsandestimatesare recognized in theperiods inwhich the results are known / materialize.

iii) Property, Plant and Equipment (PPE) PPE are stated at cost of acquisition less accumulated depreciation.Cost includes all expenses related to

acquisition and installation of such assets. Depreciation is provided onWritten Down value method, in manner specified in Schedule II of the

Companies Act, 2013 on pro-rata basis. In case of assets discarded / sold, if any, depreciation is provided up to date of sale.

Sr.No Class of Asset Useful Life adopted by the chamber

1 Freehold Premises 30 years

2 Computers and Softwaresa. Servers and Networksb. End user devices

6 years3 years

3 Office equipments items 5 years

4 Furnitures & Fixtures 10 years

iv) Impairment of assets The carrying amount of assets is reviewed at each Balance Sheet date to determine whether there is any

indication of impairment. If any such indication exist, the recoverable amount of the asset is estimated. An impairment loss is recognised whenever the carrying amount of an asset or its cash generating units exceeds its recoverable amount.

v) Investments Long term Investments are stated at cost. A provision for diminution is made to recognise a decline, other

than temporary.

Current investments are valued at lower of cost and fair value.

94

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

vi) Foreign currency transactions Transactions in foreign currencies are accounted at the exchange rate prevailing on the date of the

transaction. The assets/liabilities denominated in foreign currencies at the year-end are re-stated at the closing rates of exchange. Gains or losses arising on realisation and on re-statement as aforesaid are credited/debited to the income and expenditure account.

vii) Government grants Governmentgrantsrelatedtospecificfixedassetsareshownasdeductionfromthegrossvalueofthe

relevant asset in arriving at their book values.

viii) Income recognitiona) Membershipsubscription–

i) The subscription received from new members is entirely recognized as income in the year which it is received, irrespective of the membership commencement date.

ii) Renewalsubscriptionreceivedisconsideredasincomeforthefinancialyearonthereceiptoftheamount.

b) Income from seminars, symposia, meetings and trade delegations are accounted for on rendering of the service.

c) Interest–Interestonfixeddepositsandinvestmentsisaccountedonatimeproportionbasis.

d) Membership subscription received from foreign members is booked considering the calendar year as January to December and any membership received post December is treated as advance income for the respective reporting period.

Change in Accounting Policy:i) Hitherto, the chamber would recognize membership subscription on the receipt of the funds on a

time proportionate basis. The chamber has changed its accounting policy to recognize subscription income on receipt of the fees irrespective of the period or date of membership. The impact of the changeinaccountingpolicyisnotmaterialandhence,notquantified.

ix) Entrance and Patron fees Entrance fees and Patron membership fees received from members are considered as on capital account

and credited directly to Members’ reserve and Patron Membership fees. No amount of the capital account is amortized in the current year.

Change in Accounting Policy:ii) Hitherto, the chamber followed a practice of amortizing entrance and patron membership fees

received during the year over the period of membership. Amount of fees to be amortized are transferred directly from the ‘Patron Membership Reserve’ to ‘Income and Expenditure Account’

From FY 2016-17, the chamber has changed its accounting policy to stop such amortization and retain patron and entrance fees received as a part of the ‘Patron Membership Reserve’. Consequently,




95


amount of Rs. 27,05,000 received towards Patron and entrance fees and amount to be amortized aggregating to Rs. 18,60,000 are not transferred from Patron Reserve to Income and Expenditure account.

The entire general reserve balance is taken to the income and expenditure account.

x) EmployeeBenefits(a) Shorttermemployeebenefits: Short termemployeebenefits are recognised as an expense at the undiscounted amount in the

income and expenditure account of the year in which related service is rendered.

(b) Longtermemployeebenefits:a. DefinedContributionPlan: Provident Fund: TheeligibleemployeesoftheChamberareentitledtoreceivepostemploymentbenefitsinrespect

of provident fund, in which both employees and the Chamber make monthly contributions at a specifiedpercentageoftheemployees’eligiblesalary.ThecontributionsaremadetoEmployeesProvident Fund Organisation which are charged to the income and expenditure account.

b. DefinedBenefitPlan:1) Gratuity TheChamberhasanobligationtowardsgratuity,adefinedbenefitplancoveringeligible

employees. The plan provides a lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days salary payable for each completed year of service or part thereof in excess of six months.Vestingoccursuponcompletionoffiveyearsofservice.TheChamberhasobtainedan insurance policy and makes an annual contribution. The Company accounts for gratuity benefitspayableinfuturebasedonanactuarialvaluationcarriedoutattheendoftheyear.Actuarial gains and losses are recognised in the income and expenditure account.

2) Compensated absences The Chamber provides for encashment of leave or leave with pay subject to certain rules. The

employees are entitled to accumulate leave subject to certain limits for future encashment/availments. The liability is provided based on number of days of unutilized leave at each balance sheet date and is computed on actuarial basis

xi) Leases Leaseswherethelessoreffectivelyretainssubstantiallyalltherisksandbenefitsofownershipoverthe

lease term are classified as operating lease. Lease payments for assets taken on operating lease arerecognisedasanexpenseintheProfitandLossAccountonastraight-linebasisovertheleaseterm.




96

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7




xii) Provisions & Contingent Liabilities Provisions are recognized when the company has a legal and constructive present obligation as a result

of a past event, for which it is probable that outflow of resources will be required and a reliable estimate can be made of the amount of the obligation. Contingent liabilities are disclosed when there is a possible obligation that may result in an outflow of resources.

xiii) Taxation The Chamber contends that its activities continue to fall within the amended definition of the term

‘charitable purpose’ as given in section 2(15) of the Income-tax Act, 1961 (“Act”) and consequently its income ought to be computed in accordance with the provisions of section 11 of the Act. Accordingly, no provision for tax has been made in its books of the accounts for the year.

2. The Chamber is incorporated under section 8 of the Companies Act, 2013 having no share capital. The Chamber is prohibited from distributing surplus to its members.

97


INDO-AMERICAN CHAMBER OF COMMERCENotes forming part of the Balance Sheet as at 31st March 2017 and the Income and Expenditure account for the year ended on that date

98

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7


99


IND

O-A

MER

ICA

N C

HA

MBE

R O

F CO

MM

ERCE

Not

es fo

rmin

g pa

rt o

f the

Bal

ance

She

et a

s at

31s

t Mar

ch 2

017

and

the

Inco

me

and

Expe

ndit

ure

acco

unt f

or th

e ye

ar e

nded

on

that

dat

e

100

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7


101



102

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

INDO-AMERICAN CHAMBER OF COMMERCENotes forming part of the Balance Sheet as at 31st March 2017 and the Income and Expenditure Account

103


INDO-AMERICAN CHAMBER OF COMMERCENotes forming part of the Balance Sheet as at 31st March 2017 and the Income and Expenditure Account

104

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

105


106

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

107


108

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

Regional & Branch Committee List of 2016 – 2017NORTH INDIA COUNCIL REGIONAL COMMITTEE 2016 - 2017

1 Mr. Sanjay Mehta Regional President Teleperformance India

2 Mr. Yash Kansal First Vice President Oshkosh Corporation (India)

3 Mr. Aseem Chawla Second Vice President ASC Legal, Solicitors & Advocates

4 Mr. Raman Roy Member Quatrro BPO Solutions Pvt. Ltd.

5 Ms. Rita Singh Member Mideast Integrated Steels Ltd (MESCO)

6 Mrs. Aruna Sethi Member Silk “N” Satin

7 Mr. Gurnam Arora Member Kohinoor Foods Limited

8 Ms. Manjula Chawla Member Phoenix Legal

9 Mr. Ashish Wig Member Wig Brothers (I) (P) Ltd

10 Mr. Sanjiv Bali Member Mount Shivalik

11 Mr. Nikhil Khanna Member Raytheon International Inc

12 Mr. Manoj K Singh Member Manoj K. Singh Advocates & Solicitors

13 Ms. Rinki Dhingra Member YES BANK

14 Ms. Preetha Nair Member Innovari Technologies Pvt Ltd

15 Mr. K Aravamudhan Member Star India

VARANASI BRANCH COMMITTEE 2016 - 2017

1 Mr. Vinay Kumar Shukla Chairman Vindhyawasini Carpet Industries

2 Mr. R. K. Goel First Vice Chairman Triveni Handlooms Limited

3 Mr. Shubrato Kumar Paul Second Vice Chairman S. Paul

4 Mr. Bharat Kumar Agrawal Member Diesel Components Pvt. Ltd.

5 Mrs. Anita Dey Member W.H. Smith Memoral School

6 CA Sudeshna Basu Member S. Chawdhary & Associates

7 Mr. Jai Prakash Mundra Member Style India Tex-Style Pvt. Ltd.

8 Mr. Sahil Garg Member Raman Agro Exports Pvt. Ltd.

9 Mr. Saurabh Shah Member R.K. Shah Polytubes

10 Mr. Vinay Jaiswal Member Shivam Carpets

11 Mr. Shrey Khanna Member

12 Mr. Alok Kumar Baranwal Member Samara Carpets Pvt. Ltd.

Co-opted Members

1 Mr. R. K. Kothari Member Varanasi Carpets

2 CA Kamlesh Kumar Agrawal Member Bask & Associates

3 Mr. Vinod Agrawal Member Khatuco Export (India) Pvt. Ltd.

109


EAST INDIA COUNCIL REGIONAL COMMITTEE 2016 - 2017

1 Mr. Prabir Dasgupta Regional President PDG Associates

2 Mr. Anil Vaswani First Vice President Wesman Thermal Engineering Processes Pvt Ltd

3 Mr. Subrata Talukdar Member CESC Limited

4 Mr. R. K. Chhajer Member ArcVac ForgeCast Ltd

5 Mr. Dhruv Bhalla Member SREI Infrastructure Finance Ltd

6 Mr. S. P. Mukherjee Member Databazaar India Pvt Ltd

7 Mr. Anindya Dey Member ERM Placement Services Pvt Ltd

8 Mr. Ashish Chhowchharia Member Grant Thornton

9 Mr. B. L. Chandak Member RP-Sanjiv Goenka Group

10 Mr. Vinod Kumar Jain Member Secure Print Solution

11 Mr. Sandip Banerjee Member Teoco Software P Ltd

12 Mr. Yashendra Rai Member Anveshak Cinevision

13 Mr. B. K. Nahata Ex Officio M/S Panchiram Nahata

Co-opted Members

1 Mr. Dibyalok Pattnaik Member Ace Minerals Co.P. Ltd

2 Mr. Shoolpani Singh Member AnkitPriya Enterprises

3 Mr. Mahabir Prasad Jalan Member Ramkrishna Forgings Limited

WEST INDIA COUNCIL REGIONAL COMMITTEE 2016 - 2017

1 Mr. Sunder Advani Regional President Advani Hotels & Resorts (India) Ltd.

2 Ms.MadhulikaGupta FirstVicePresident REPUTEPublicAffairs&CSRSolutions

3 Ms. Rajyalakshmi Rao Immediate Past President Rewas Port Ltd.

4 Mr. Suresh Kotak Member Kotak Commodities

5 Ms. Poorvi Chothani Member Lawquest International

6 Mr. Saurabh Sonawala Member Hinditron Infosystems Pvt. Ltd.

7 Ms. Madhavi Vora Member ULJK

8 Mr. S. D. Israni Member SD Israni Law & Chambers

9 Mr. Naushad Panjwani Member Mandarus Partners

10 Mr. Saurabh Shah Member Pramod .S. Shah & Associates

11 Mr. Prashant Krishnan Member S’Tronics Pvt. Ltd.

12 Mr. Raghavendra Ponkshe Member Bhate & Ponkshe

13 Mr. Mihir Joshi Member GVFL

14 Mr. Himanshu Vyas Member Ayurnet Healthcare Pvt. Ltd.

Co-opted Member

1 Mr. Prashant Pansare Member Inteliment Software Tech. (I) Pvt. Ltd

110

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

PUNE BRANCH COMMITTEE 2016 - 2017

1 Mr. Ashutosh Parasnis Chairman NewBox Consulting

2 Mr. Ninad Panse First Vice Chairman DSK Global Education & Research Ltd.

3 Ms. Rujuta Jagtap Second Vice Chairman SAJ Test Plant Pvt. Ltd.

4 Mr. Devesh Hingorani Past Chairman ForgeAhead Solutions Pvt. Ltd.

(formerly SNS Technologies Pvt. Ltd.)

5 Mr. Vinit Deo Member Posiview Consulting Partners Pvt. Ltd

6 Mr. S Ramprasad Member Xpanxion International Pvt. Ltd.

7 Mr. Sohan Shirgaokar Member S.B. Reshellers Pvt. Ltd.

8 Mr. Devendra Deshmukh Member e-Zest Solutions Ltd.

9 Mr. Rajesh Wazarkar Member Hyster-Yale Lift Trucks India Pvt. Ltd.

(formerly NMHG India Engineering &

Support Ser.Pvt.Ltd.)

10 Mr. Nitin Chalke Member Eaton Technologies Private Limited

11 Mr. Roshan Talera Member Dynamic Logistics

12 Mr. Juzer Miyajiwala Member KPMG

AHMEDABAD BRANCH COMMITTEE 2016 - 2017

1 Mr. Kaushal Mehta Chairman Motif India Infotech Pvt. Ltd

2 Mr. Sudhir Naik First Vice Chairman e-Infochips Ltd

3 Mr. Narendra Patel Second Vice Chairman Nirman Corporation

4 Mr. Samir Shah Immediate Past Chairman Star Freight Pvt. Ltd.

5 Mr. Rohit Choksi Member Ishwarlal Harjivandas Jewellers Pvt. Ltd.

6 Mr. Kirtan Jani Member Maximum International

7 Mr. Shirish Divgi Member Ferromatik Milacron India Pvt.Ltd

8 Mr. Prateek Panday Member Reliance Industries Ltd.

9 Mr. Nitin Patel Member Lancer Fab Tech Pvt. Ltd

10 Mr. Dinesh Daga Member Shree Hans Alloys Ltd.

11 Mr. Baiju Thakar Member Flovel Valves Pvt. Ltd

12 Mr. Kaushik Patel Member Manubhai & Shah

13 Mr. Samir Patel Member Amos Corporation

SOUTH INDIA COUNCIL REGIONAL COMMITTEE 2016 - 2017

1 Mr. R.B.V.V.N. Raju Regional President Elico Marketing Pvt. Limited

2 Mr. Sandeep Mehra First Vice President Cisco Systems (India) Private Limited

3 Mr. A. Sekhar Second Vice President Spike Power Protection Systems & Technologies

4 Mr. N.V. Srinivasan Immediate Past President NVS & Associates

5 Mr. H.E. Abdul Azeez Member A.I. Enterprises

6 Mr. Shamil Bicha Member Avalon Technologies Private Limited

111


7 Mr. Kannatt Surendran Member Bounty Property Management Pvt. Ltd

8 Mr. S. Ramaprasad Member CADD Centre India Private Ltd

9 Mr. M. Ramakrishna Member ZCS Consulting Limited

10 Mr. K. Vaitheeswaran Member K. Vaitheeswaran & Co

11 Mr. Chander K Baljee Member Royal Orchid Hotels Limited

12 Ms. Suja Isaac Member Soukya International Holistic Health Center

13 Mr. F.R. Singhvi Member Sansera Engineering Pvt Ltd

Co-opted Member

1 Mr. M.N. Padmanabhan Member Veeramaasthi Tex Fabs (P) Limited

2 Mr. Rakesh Prabhu Member ALMT Legal

TAMIL NADU BRANCH COMMITTEE 2016 - 2017

1 Mr. N. Ramachandran Chairman Mel Systems and Services Ltd

2 Mr. A. Sakthivel Vice Chairman Poppys Hotel Private Limited

3 Mr. A. Sekhar Immediate Past Chairman Spike Power Protection Systems & Technologies

4 Mr. S. Sundarram Member Lincoln Electric Company (India) Private Ltd

5 Mr. Srinivas Acharya Member Sundaram Finance Ltd

6 Mr. K. Ramasamy Member Roots Industries India Ltd

7 Mr. Sriram Subramanya Member Integra Software Services Pvt Ltd

8 Mr. S. Abhaya Kumar Member Shasun Pharmaceuticals Ltd

9 Ms. Savitha Kesav Jagadeesan Member Kochhar & Co

10 Mr. Arun Miranda Member Astrotech Steels Private Limited

11 Mr. P. Kaniappan Member WABCO India Limited

12 Mr. J. Jayaseelan Member Nuray Chemicals Private Ltd

13 Mr. Paul Issac Member ValvTechnologies Pvt Ltd

AP & TS BRANCH COMMITTEE 2016 - 2017

1 Mr. Chandrajit Narra Chairman HiQ Business Solutions Pvt. Ltd.

2 Mr. Vasudeva Rao Devaki First Vice Chairman D V Rao & Associates

3 Mr. M. Vijayasai Second Vice Chairman S & S Green Projects Pvt. Ltd.

4 Mr. R. Govind Hari Member Pushpagiri Vitreo Retina Institute

5 Mr. Merla Muralidhar Member Kakinada Seaports Limited

6 Mr. CH. Rajagopal Choudary Member Devi Fisheries Ltd.

7 Mr. P. R. Jayatheertha Member Kistler Morse Automation Limited

8 Mr. J Ravikanth Reddy Member Pquest Human Resources Pvt. Ltd.

9 Mr. Y. Sairam Member Gamya Infrastructure Services Pvt. Ltd.

10 Mr.RamakrishnaDasari Member EfftronicsSystemsPvt.ltd.

11 Mr. V. V. S.N. Raju Member Juris Prime Law Services

12 Mr. B. Srikanth Member Phoenix Infratech(India) Pvt. Ltd.

13 Mr. Ramkumar Rudrabhatla Member P&P Nexgen Tech Pvt. Ltd.

112

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

KARNATAKA BRANCH COMMITTEE 2016 - 2017

1 Mr. Pavan Kumar CV Chairman Altair Engineering India Pvt Ltd

2 Mr. Puneet Jain First Vice Chairman IHS Global Private Limited

3 Mr. Vikram Mangharam Second Vice Chairman Marvell India Private Limited

4 Mr. Tarun Khushalani Member Dart Global Logistics Pvt Limited

5 Mr. Raghu Menon Member The Ritz Carlton Bangalore

6 Mr. Panish Hangal Member Arka advisors

7 Ms. Shivani Kapoor Member ITC Infotech India Ltd

8 Mr. F.R. Singhvi Member Sansera Engineering Private Limited

9 Mr. Rajesh Rathi Member Control Infotech Pvt. Ltd.

10 Mr. Nagraj Murthy Member Moog India Techonology Centre Pvt Ltd

11 Mr. Prasanna Kumar Member Thinktek Technologies Pvt. Ltd.

KERALA BRANCH COMMITTEE 2016 - 2017

1 Mr. P. Ravindranath Chairman R K Swamy BBDO (P) Ltd.

2 Mr. Ambarish V. Saraf First Vice Chairman Saraf Trdg. Corpn. Pvt. Ltd.

3 Mr. Sajeev K Menon Second Vice Chairman Nitta Gelatin India Ltd.

4 Mr. B. Hariharan Immediate Past Chairman Impresario Event Management (I) Ltd.

5 Mr. Anil Krishna Member Elixir Extracts Pvt. Ltd.

6 Mr. Algiers Khalid Member Poovath International

7 Dr. Devika Menon Member

8 Mr. Riaz U.C. Member Spiceland Holidays & Entertainments Pvt. Ltd.

9 Mr. Mukund Krishna Member Suyati Technologies Pvt. Ltd.

10 CA. C.R. Rajagopal Member

11 Mr. Issac Alexander Member The Avenue Hotels & Resorts

12 Mr. Sambhu Namboodiri Member Associated Rubber Chemicals(Kochi) Pvt. Ltd.

13 Mr. Abraham George Member Intersight Tours & Travels (P) Ltd.

113


IACC PAST PRESIDENTS2015-16 Dr. Lalit Kanodia Datamatics Ltd.2014-15 Mr. Asoke K Laha Interra Information Technologies Inc.2013-14 Mr. Chella K Srinivasan S Viswanathan2012-13 Mr. Shourya Mandal Fox Mandal2011-12 Mr. Anand Desai DSK Legal (Advisors & Solicitors)2010-11 Mr. Gautam Mahajan Inter-Link Services (P) Ltd2009-10 Mr. Syed Badruddin Esbee Holdings Pvt. Ltd2008-09 Mr. Suresh Kumar Jain LMJ International Ltd2007-08 Mr. Farokh T. Balsara Ernst & Young Pvt Ltd2006-07 Mr. Deepak Pahwa Bry-Air (Asia) (P) Ltd.2005-06 Mr. B Prabhakar JAPCON2004-05 Mr. Ranjit Sen Guardian Plasticote Ltd.2003-04 Dr. V. Rangaraj Aditya Birla Management Corporation Pvt. Ltd2002-03 Mr. Vinod Chandiok Walker Chandiok & Co2001-02 Mr. R Veeramani Gem Granites2000-01 Mr. Amit Kumar Sen East India Pharmaceutical Works Ltd1999-2000 (*) Mr. Ramesh Dalal R L Dalal & Co Pvt Ltd1998-99 Mr. Kamal Meattle Paharpur Business Centre1997-98 Mr. M. V. Rajeshwara Rao Nirup Synchrome Ltd1996-97 Mr. Raghu Mody Rasoi Ltd1995-96 (*) Mr. Hemant Sonawala Hinditron Group of Companies1994-95 (*) Mr. S. S. Kanwar Raunaq Automotive Components Ltd.1993-94 Mr. P D Kothari Kothari Industrial Corpn. Ltd1992-93 Mr. Dr. Abhijit Sen Telelink Nicco Ltd.1991-92 Mr. Ashok C Pratap Ashok Pratap & Co1990-91 Dr. M K Modi Modipon Ltd.1989-90 Mr. J V Nrupender Rao Pennar Group of Companies1988-89 Mr. Arun Ghosh Robson Black & Ghosh1987-88 Mr. H R Prasad Schrader-Scovill Duncan Ltd.1986-87 (*) Mr. Bhai Mohan Singh Ranbaxy Laboratories Ltd.1985-86 Mr. V Narayanan Pond's India Ltd.1984-85 (*) Mr. Manmohan Singh Frick India Ltd.1983-84 Dr. W R Correa Dilkoosha / Union Carbide India Ltd.1982-83 Mr. A Mazumdar TIL Limited1981-82 (**) Mr. John O Sims Bank of America, NT & SA1980-81 (**) Mr. N S Gilani The SNC Corporation1979-80 (*) Mr. F F Richardson F. F. Richardson Management Consultants1978-79 (*) Mr. P L Vahi Otis Elevator Co. India Ltd. (**) Mr. David A Artko Bank of America, NT & SA1977-78 (**) Mr. G. B. Rich Citibank, N.A.1976-77 (*) Mr. T. T. Vasu Time-Aids (India) Ltd.1975-76 (**) Mr. Timothy J. Irvin Bank of America, NT & SA1974-75 (*) Mr. Harish Mahindra Mahindra & Mahindra Ltd.1973-74 (**) Mr. A. R. Burton Trans World Airlines1972-73 (*) Mr. H. P. Nanda Escorts Ltd.1971-72 (**) Mr. A. L. Tylor IBM World Trade Corporation1969-71 (*) Mr. S. L. Kirloskar Kirloskar Cummins Ltd.(*) Deceased (**) Left from India

114

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

1. Aakit Technologies Pvt. Ltd.

2. ACC Limited

3. Accenture India Pvt. Ltd.

4. Aditya Birla Group

5. Ador Welding Ltd

6. Agson Global Pvt Limited

7. Ajanta Pharma Ltd.

8. Alan Scott Industriess Ltd.

9. Alltel Information (I) Private Limited

10. Ambit Holdings Pvt. Ltd

11. American Express Bank Ltd.

12. Amrop India Consultants Private Limited

13. Amrut Industries Ltd.

14. Arshiya International Ltd

15. Ashok Pratap & Company

16. Ashraj Foods & Beverages Pvt. Ltd.

17. Asian Paints (I) Ltd.

18. Asiana Hotel Management Company

19. ATV Projects India Ltd.

20. Avaya Global Connect

21. Axis Bank

22. Badve Engineering Ltd.

23. BahwanCybertekPvt Ltd

24. Bank of Baroda

25. Bank of India

26. Barings India Pvt. Ltd.

27. Bausch & Lomb Eyecare (India) Pvt. Ltd.

28. Bell Helicopter

29. Bharat Hotels Ltd.

30. BIRLA TYRES(Prop: Kesoram Industries Limited)

31. Blue Cross Laboratories Ltd

32. Blue Dart Express Ltd.

33. BMG Enterprises

34. Britt Worldwide India Pvt.Ltd.

35. Bry-Air (Asia) (P) Ltd.

36. Camac Consultant

37. CAMBIL SOFTWARE

38. Camphor & Allied Products Ltd.

39. Carborundum Universal Ltd

40. Carlyle India Advisors Pvt. Ltd.

41. Carlyle India Advisors Pvt. Ltd.

42. CBay Systems (I) Pvt. Ltd.

List of Patron Members (as on August 14, 2017)43. CCL Products (India) Limited

44. Centurion Bank of Punjab Limited

45. Chambal Fertilizers & Chemicals Ltd.

46. Chemtrols Engineering Pvt. Ltd.

47. Chicago Pneumatic India Ltd.

48. CHINTELS INDIA LIMITED

49. Citibank N. A.

50. Citigroup Global Services (eServe International Ltd.)

51. Cognizant Technology Solutions India Pvt Ltd

52. Colgate Palmolive (I) Ltd.

53. Comstar Automotive Technologies Pvt Ltd

54. Contech BPO Services Pvt. Ltd.

55. CoromandalFertilisers Limited

56. Cox & Kings Limited

57. CRB Capital Markets Ltd.

58. Cummins India Limited

59. Dabhol Power Company

60. Datamatics Ltd.

61. Daya Solutions Pvt Ltd

62. DBS Financial Services Pvt. Ltd.

63. DCW Ltd.

64. DELL INTERNATIONAL SERVICES INDIA PVT LTD

65. Deloitte Haskins & Sells

66. DE-NOCIL Croporation Protection Pvt. Ltd.

67. Development Consultants Pvt. Ltd

68. Development Dimensions International India Pvt. Ltd.

69. DHL Worldwide Express (I) Pvt. Ltd.

70. Dishman Pharmaceuticals and Chemicals Ltd,

71. DSK Legal Advocate & Solicitors

72. DSP Merrill Lynch Ltd.

73. Dun & Bradstreet India Pvt. Ltd.

74. Dynamic Computer Services

75. East India Pharmaceutical Works Ltd

76. Eastern Peripherals Ltd.

77. Eaton Technologies Private Limited

78. EimcoElecon (India) Ltd.

79. Elbee Services Ltd.

80. ELGI Equipments Limited

81. EMC DATA STORAGE SYSTEMS INDIA PVT LTD

82. Emerson Process Management (I) Pvt. Ltd.

83. EMTA Coal Limited

115


84. Enpee Knitters

85. Ernst & Young (I) (P) Ltd.

86. Ernst & Young LLP

87. eServe International Ltd.

88. Essar Group of Companies

89. EsselPropack Limited

90. Exhibitions India Group

91. Fluor Daniel India Private Limited

92. Franklin Templeton Mutual Fund

93. Futurism Technologies Pvt. Ltd.

94. Gamapiy Infotech Pvt. Ltd.

95. Ganesh Anhydride Ltd.

96. GE Apar Lighting Ltd.

97. Geekay Exim (I) Ltd.

98. Gitanjali Gems Limited

99. Global Infovision Pvt. Ltd.

100. Global Operations Support India, ACS of India

101. Godfrey Philips India Ltd.

102. Godrej Industries Ltd.

103. Goldshield Services Pvt. Ltd.

104. Grainger Industrial Supply Pvt Ltd

105. GRAPHITE INDIA LTD.

106. Grasim Industries Ltd.

107. Group MKM

108. Guardian Plasticote Limited

109. Gujarat Venture Finance Ltd.

110. Harvest Financial Ltd.

111. Haworth India Pvt. Ltd

112. Hexaware Technologies Ltd.

113. Hinditron Group of Companies

114. Hinditron Tektronix Instruments Ltd.

115. Hindustan Unilever Ltd.

116. Hiranandani Developers Pvt. Ltd.

117. Hirotec India Private Limited

118. Housing Development Finance Corporation Ltd.

119. HSBC Securities & Capital Markets (I) Pvt. Ltd.

120. Hubtown Ltd (Previous Akruti )

121. Hurix Systems Pvt. Ltd.

122. HYNOUP FOOD AND OIL INDUSTRIES LTD

123. India Insure Risk Management & Insurance

Broking Services Pvt. Ltd.

124. Indian Oil Corporation Ltd.

125. INDIAN SHAVING PRODUCTS LTD.

126. IndofilChemicalsCompany

127. Industrial Cables (I) Ltd.

128. Ingersoll Rand

129. INGERSOLL-RAND (INDIA) LTD

130. Institute of Engineering & Management

131. International Business Consultants

132. Interra Information Technologies (I) Pvt. Ltd.

133. Iris Software Pvt. Ltd.

134. IshwarlalHarjivandasJewellers Pvt. Ltd.

135. Ispat Group

136. Ispat Industries Ltd.

137. IT People (I) Ltd.

138. J B Boda& Company Pvt. Ltd.

139. J L Morison ( India) Limited

140. J M Baxi& Company

141. J M Financial & Investment Consultancy

Services Pvt. Ltd.

142. Jabil Circuit India Pvt. Ltd

143. JAPCON

144. JayDevBuildconPvt Ltd

145. JaysynthDyechem Ltd.

146. JDS Food Products Limited

147. JKJ & Sons Jewellers

148. JM Morgan Stanley India Securities Pvt. Ltd.

149. Johnson Controls (India) Pvt. Ltd.

150. K & S Partners

151. K Raheja Constructions Pvt. Ltd.

152. K U Advani Pvt. Ltd.

153. K. Raheja Corporation Pvt. Ltd.

154. Kalyani Forge Limited

155. Kellogg India Pvt.Ltd.

156. KHAITAN AND COMPANY

157. Kirloskar Oil Engines Limited

158. Koenig Solutions Ltd.

159. Kothari Industrial Corporation

160. KPMG Advisory Services Pvt Ltd

161. Kumar Builders | KUL

162. Kuoni Travel India Pvt. Ltd.

163. Lancer Laser Tech Ltd

164. Land Marvel Group

165. Larsen & Toubro Ltd.

166. Lazard India Private Ltd.

167. Lehman Brothers Securities Pvt Ltd

168. Leo Burnett

169. Lifecell International Private Limited

116

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

170. Lilavati Hospital and Research Centre

171. Lipi Data Systems

172. LMJ Overseas Limited

173. Lockheed Martin India Private Limited

174. Lokhandwala Builders

175. Lubrizol India Ltd.

176. Lupin Ltd.

177. M/S WORTHINGTON PUMP INDIA LTD.

178. Maharashtra Hybrid Seeds Company Ltd.

179. Mahavir Plantations Ltd.

180. Maihar Cement

181. Makers Development Services Ltd.

182. Maples ESM Technologies I Ltd

183. Marathon Realty Ltd.

184. MARG Limited

185. Mastek Ltd.

186. MCS Software Solutions Ltd.

187. MeadWestvaco India Pvt. Ltd.

(previously Meadwestvaco Singapore Pte Ltd. - India Liaison Office)

188. MeenakshiBhavan Hotels Pvt. Ltd

189. Mideast Integrated Steels Ltd

190. MILLIPORE (INDIA) PVT. LTD. (Merck Group)

191. MIOT Hospitals

192. MM Forgings Ltd

193. Modelama Exports Ltd

194. MONSANTO TECHNOLOGIES INDIA LTD

195. Moog India Techonology Centre Pvt Ltd

196. Motif India Infotech Pvt. Ltd.

197. MRF Ltd

198. MTZPolyfilmsLtd.

199. MULTIFONDS

200. Muttha Associates

201. Mysore Fertiliser Company (P) Ltd

202. Nalco Water India Ltd.

203. Natvar Parikh Industries Ltd.

204. NEPC India Ltd

205. Neterwala Group of Companies

206. NICCO CORPORATION LTD.

207. NirupSynchrome Limited

208. Nitin Fire Protection Industries Ltd.

209. NRB Bearings Ltd.

210. NSE.IT Limited

211. Office of the Principal Resident Commissioner

212. Ogilvy & Mather Pvt. Ltd.

213. Onward Technologies Ltd.

214. Owens Corning India Limited

215. Paharpur Cooling Towers Ltd

216. Pallava Granite Industries (I) Pvt. Ltd

217. Parasrampuria Synthetics Ltd

218. Parenteral Drugs (I) Ltd.

219. Parke-Davis (India) Ltd.

220. Patel Engineering Ltd.

221. Patni Computer Systems Ltd.

222. PATTON INTERNATIONAL LTD.

223. Peerless Fabrikkerne (I) Ltd.

224. Pennar Group

225. PfizerLtd.

226. Pharmacia Healthcare Ltd.

227. PHI Learning Pvt Ltd

228. Piccadily Hotels Pvt Ltd

229. P-One Infrastructure Pvt Ltd.

230. Powerwave Technologies

231. Pratt & Whitney

(United Technologies Corporation (I) Pvt. Ltd.)

232. Pregrine Capital Ltd.

233. Prestige Jewelry

234. PricewaterhouseCoopers Pvt. Ltd.

235. Procter & Gamble India Ltd.

236. PSL LTD.

237. PTC Software ( India ) Pvt.Ltd.

238. Punjab National Bank

239. R L Dalal & Co. Pvt. Ltd.(Dalal Mott MacDonald)

240. Rajalakshmi Textile Processors P Ltd

241. Rajdarbar Exports Pvt Ltd

242. Raytheon International Inc.

243. Reliance Industries Ltd.

244. Reliance Infrastructure Ltd.

245. Remsons Industries Ltd.

246. Richa Group of Companies

247. Rite Choice of Companies

248. Roger Pereira Communications Pvt. Ltd.

249. Rolta India Ltd.

250. Rosy Blue (India) Pvt Ltd

251. Royal Enterprises

252. RPG Enterprises Ltd.

253. S K Samanta& Co Pvt Ltd

254. Sahara Kasturi Handicrafts

255. Sai Infosystems (India) Ltd

117


256. SAPIENT CORPORATION PVT LTD

257. Schlumberger India Tech.Centre Pvt.Ltd.

258. Schrader Duncan Ltd.

259. Sesame Workshop

260. Shakti Polyweave Pvt. Ltd.

261. Shasun Pharmaceuticals Ltd

262. ShavoNorgren (I) Pvt. Ltd.

263. Shavo Technologies Pvt. Ltd.

264. Shinsei Corporate Advisory Services Pvt. Ltd.

265. SHYAMBAZAR HARALALKA PVT. LTD.

266. Siddhartha Logistics Co. Pvt Ltd

267. Signode India Limited

268. Silverline Technologies Ltd.

269. Singhi& Company

270. Sista’s Private Ltd.

271. Somaiya Group

272. SONAROME PRIVATE LIMITED

273. Soundcraft Industries Ltd.

274. SPE Films India Pvt. Ltd

(Columbia Tristar Films of India Ltd.)

275. SREI Infrastructure Finance Limited

276. Sri Krishna Group

277. Sri Krishna Sweets (CBE)

278. Srinar Electronics Pvt Ltd

279. SRKK Advisors Pvt Ltd

280. Star India Pvt Ltd

281. State Bank of India

282. Suashish Diamonds Ltd.

283. Subhashri Bio Energies P Ltd

284. Sugam Fashions Pvt Ltd

285. Sun Pharmaceutical Industries Limited

286. Sunedison Energy India Pvt Ltd

287. Sunrich Energy Pvt. Ltd.

288. Swarup Group of Industries Pvt. Ltd.

289. T T K Group

290. Tata AIG General Insurance Company Ltd.

291. Tata Consultancy Services Ltd.

292. Tata Consultancy Services Ltd.

293. Tata Consultancy Services(Previously Tata Infotech)

294. Tata Infomedia Ltd.(Infomedia Ltd.)

295. Tata International Ltd

296. Tata Power Company Ltd

297. Tata SSL Ltd.

298. The Elphinstone sping and Weg Mills Co Ltd

299. The Indian Hotels Company Ltd.

300. Thermax Limited

301. Times Guaranty Financials Ltd.

302. Titanium Industries India Pvt. Ltd.

303. Torrent Pharmaceuticals Ltd.

304. Trans Impex Pvt. Ltd.

305. Transworld Group of Companies

306. Trilegal

307. TrueBlue India LLP

308. TVS Motor Company

309. UB Group

310. Usha India Ltd

311. V S Dempo& Company Ltd.

312. Valvoline Cummins Pvt Ltd

313. Venus Jewel

314. Victor Switchgear Pvt. Ltd.

315. Victor Switchgear Pvt. Ltd.

316. Videocon Industries Ltd.

317. Vinayaka Missions Group

318. Viral Enterprise

319. Vodca Labs Inc

320. Voltas Ltd.

321 Voltech Engineers Pvt Ltd

322 WABCO India Limited

323 Walchandnagar Industries Ltd.

324 Walden India Advisors Pvt ltd (formally Walden-Nikko

India Management Company Ltd.)

325 WATERS INDIA PVT. LTD.

326 Western Union Financial Services Intl.

327 Whirlpool of India Limited

328 White & Case

329 WILLIAMSON MAGOR & CO. LTD.

330 WIPRO LIMITED

331 Witmans Industries

332 WOLKEN SOFTWARE PVT LTD

333 Wyeth Ltd.

334 Wheels India Limited

335 YES BANK Ltd

336 Zeus Law Associates

118

4 8th A N N U A L R E P O R T 2 0 1 6 - 1 7

List of Honorary Members

Gautam Adani Founder and Chairman

Adani Group

Mukesh Ambani Chairman & Managing Director Reliance Industries Limited (RIL)

Rahul Bajaj Chairman

Bajaj Group)

Ashwin Dani Non-Executive Vice Chairman

Asian Paints

Adi Godrej Chairman

Godrej Group

Harsh Goenka Chairman

RPG Enterprises

K V Kamath Chief, New Development Bank

(BRICS countries)

Nimesh Kampani Founder & Chairman JM Financial Group

Anand Mahindra Chairman and Managing Director

Mahindra Group

Lalit Mansingh Foreign Secretary of India Indian

Ambassador to US

N R Narayana Murthy Founder

Infosys Ltd.

A M Naik Group Executive Chairman

Larsen & Toubro Limited

Deepak Parekh Chairman, HDFC Bank

Subramanian Ramadorai Former – CEO & MD, TCS

Dilip Shanghvi Managing Director

Sun Pharmaceuticals Industries Ltd.

Ratan Tata Chairman Emeritus, Tata Sons

Tata Group

Frank G Wisner US Ambassador to India

119


Mr. Atul VyasActing Secretary General

Indo-American Chamber of CommerceEmail: [email protected]

Name Designation Email idHead Office

Ms. Trupti Pawar Additional Director [email protected]. Satyanarayan Rath Deputy Director [email protected]. Neeraj Bansal Controller Accounts [email protected]

WEST INDIA COUNCIL (WIC)

Mumbai

Ms. Rakhi Panda Regional Director [email protected]

Mr. Sudhir Reddy Manager [email protected]

Ms. Krishna Israni Branch Director [email protected]

NORTH INDIA COUNCIL (NIC)

Ms. Kashish Tyagi Regional Director [email protected]

Mr. Santosh Kumar Branch Secretary [email protected]

SOUTH INDIA COUNCIL (SIC)

Ms. Sujatha Ravishanker Regional Director [email protected] (Karnataka)

Ms. Jitika Narang Branch Secretary [email protected] (AP & TS)

Ms. Shikha Sabharwal Branch Secretary [email protected] (Kerala)

Ms. Sujatha Sunil Branch Secretary [email protected]

EAST INDIA COUNCIL (EIC)

Ms. Madhusree Daityari Regional Director [email protected]

MuMbai1-C, Vulcan Insurance Building

Veer Nariman Road, Churchgate, Mumbai, Pin: 400 020, IndiaTel: 91-22-22821413 / 22836340

Pune branch303, Amit Samruddhi, Jungli Maharaj Road,

Pune, Pin: 411 004, IndiaTel: 91-20-25537263 / 25637263

ahMedabad (Gujarat branch)503, Sears Towers,

Gulbai Tekra, Near PanchwatiAhmedabad, Pin: 380 006, IndiaTel: 91-79-26464352 / 26464372

Fax: 91-79-26464357

West India Council (WIC)

contact us:Head Office

indo-american chamber of commerce1-C, Vulcan Insurance Building

Veer Nariman Road, Churchgate, Mumbai, Pin: 400 020, IndiaTel: 91-22-22821413 / 22836340

E-mail: [email protected]

new delhi 4th Floor, PHD House,

4/2 Siri Institutional Area, August Kranti Marg, New Delhi, Pin: 110 016

Tel: 91-11- 26963387 / 26531965Fax: 91-11-26531954

chennai (taMil nadu branch)New No.6, Seethammal Colony

First Crosss Street,Alwarpet, Chennai 600 018, India

Tel: 91-44-24310506 / 24358391

KolKata 2nd Floor,

Bengal Chamber of Commerce Building,6, Netaji Subhas Road,

Kolkata, Pin: 700 001, IndiaTel: 91-33-22106773 / 65211608

hyderabad (aP & tS branch)

Suite 501, Model House,6-3-456/A/1, Punjagutta,

Hyderabad, Pin: 500 082, IndiaTel: 91-40-40037217

VaranaSi branchB-37/122, Shri Krishna Complex

Saigal House, Mahnoorganj,Varanasi, Pin: 221 010, India

Tel: 91-054-22360844

benGaluru (KarnataKa branch)205, 2nd Floor, HVS Court

21, Cunningham RoadBengaluru, Pin: 560 052, IndiaTel: 91-80-22203366 / 41148325

Kochi (Kerala branch)2nd Floor, H.B.48 (Behind Housing Board Building)

Panampilly Nagar,Cochin-682 036, Kerala, India

Tel: 91-484-2313434

North India Council (NIC)

East India Council (EIC)

South India Council (SIC)

th annual report 2016 -17 … · apex bilateral chamber for indo-us business t he indo-american...

Documents