Purnachandra Rao new head of IACC
Purnachandra Rao Surapaneni, a Hyderabad-based ...
He said that it is the huge responsibility bestowed on him and he would strive hard for better bilateral relationships between the two countries. Considering the current Covid situation in which the companies are trying to move out of China or at least to avoid further investments there, the IACC will take an active role as India is trying to lure those investments, he said.
The IACC is the principal bilateral chamber committed to the promotion of industrial, economic, business and commercial activities between the US and India. It encourages 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. According to Surapaneni, the vision of the IACC is to be the principal bilateral chamber, to act as a catalyst in promoting economic growth between the two countries, to protect and promote the collective bilateral need and interests of the Indo-US business community and to effectively lobby with two governments on significant bilateral issues affecting Indo-US commerce.