India was ranked 11th highest trading partner of the U.S

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with The US Commercial Service, American Consulate General, Hyderabad jointly organized business seminar on Seminar on “Doing Business with U.S.” today (April 21, 2014) at FAPCCI, Red Hills, Hyderabad.

Sri James Golsen, Principal Commercial Officer – South India, US Commercial Service, American Consulate General, Chennai was the chief guest at the occasion.

Sri Srinivas Ayyadevara, President, FAPCCI, Sri. Jim Hagengruber, Vice Consul, Consulate General of United States of America, Hyderabad, Sri Anil Reddy Vennum, Vice President, FAPCCI, Sri Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI and Ms. Vydehi P, Secretary (In-charge) was the other speakers.

Sri James Golsen, Principal Commercial Officer – South India, US Commercial Service, American Consulate General, Chennai said that the U.S. Commercial Service trade professionals assist Indian companies in the Investment opportunities in the United States, Trade Promotion through business matchmaking and Trade Finance areas. We help Indian companies locate U.S. products, services or business partners; meet suppliers and partners face-to-face; explore investment opportunities in the United States; participate in trade shows that feature thousands of U.S. companies.

In 2013, India was ranked 11th highest trading partner of the U.S., Trade between the U.S. and India is soon expected to cross the 100 billion U.S. dollar mark. India is the 8th fastest growing source of FDI into the United States and the total stock of FDI from India to the United States is $8.9 billion he said.

Between January 2003 and June 2013, 297 investment projects were announced by Indian firms in the United States. Software & IT Services received the largest amount of investment, with one-third of all announced projects.