Ambassador Vinai Thummalapally, the Executive Director of SelectUSA, is set to embark on a five-city tour in India from September 18-24, 2014. The visit aims to promote Indian investment into the United States and inform Indian companies about U.S. services available to them.
During his visit, Ambassador Thummalapally will travel to New Delhi, Hyderabad, Coimbatore, Mumbai, and Bangalore. He plans to engage with business leaders, potential investors, trade associations, and journalists. His discussions will focus on how SelectUSA can assist in building connections and clarifying federal regulations for prospective investors.
“India is an important focus country for SelectUSA, and we’re thrilled at the positive response that we’ve seen from Indian investors and our partners here,” stated Ambassador Thummalapally. “President Obama and Secretary Pritzker have made investment facilitation a priority because we understand that investment is mutually beneficial. Indian companies that are successful in the United States market employ more people in both of our countries.”
The tour's final stop will be in Bangalore where an investment fair is scheduled. This event will feature presentations by service providers specializing in foreign investment in the U.S., as well as representatives from various U.S. state economic development organizations who will discuss investment opportunities within their states.
Ambassador Thummalapally will also provide details about the upcoming second SelectUSA Investment Summit set for March 23-24 in Washington D.C. The first summit held in late 2013 included President Obama among other high-profile speakers and attracted a sold-out audience representing 60 countries along with nearly every U.S. state. The forthcoming summit is expected to be twice as large and aims to help investors explore opportunities and establish necessary business connections within the United States.
SelectUSA was established by President Obama in 2011 with a mission to promote business investments into the United States. It operates under the U.S. Department of Commerce and coordinates with federal government agencies to act as a single point of contact for investors seeking information or assistance navigating federal regulations.
In October 2013, President Obama hosted the inaugural SelectUSA Summit which drew over 1,300 participants including business executives from 60 countries alongside governors, mayors, and economic development officials from across 48 states. India had one of the largest foreign delegations at this summit with nearly 40 companies participating. The next SelectUSA Summit is scheduled for March 23-24, 2015 in Washington D.C., offering further insights into doing business within the United States.
More information can be found at www.SelectUSA.gov.