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Chamber News
Session with Fairfax County EDA
on Business Avenues in US
The Karnataka Branch of the Indo-American Chamber of
Commerce (IACC) in association with Fairfax County
Economic Development Authority, and the business
consulting firm Innoversant Solutions Pvt. Ltd organized a
business seminar on “The current business opportunities
for Indian companies from the ICT, Defence and
Homeland Security sectors to enter the US market.” on
11 February 2011 at the Royal Orchid Hotel, Bangalore.
The key speaker at the seminar, Asher Kotz, Head of
International Business at the Fairfax County EDA, focused
on the exciting business opportunities for Indian
companies to enter the U.S. market in the background of
flourishing Indian economy, the increasing global footprints
of Indian companies, and the tremendous business
prospects offered by defence procurement, US
Healthcare bill, Stimulus Packages and the US Federal
Govt contracts and spending.
Kotz also spoke about the strategies for Indian
companies to enter and expand in the US market by
establishing a presence in Fairfax County, Virginia.
The event was of significant interest to the member
companies of the IACC Karnataka branch and their
growth plans for the lucrative US market. The members
were given time to interact with the speaker and ask
specific questions about spreading their business to the
US.
Asher Kotz, Head of International Business at the Fairfax
County EDA addressing IACC members
Session on Unmasking Budget '11
The Karnataka Branch organized an interactive breakfast
session titled “Unmasking the Implications Budget 2011”
on 4 March 2011 at Hotel Fortune Select JP Cosmos,
Bangalore. The event comprised three keynote sessions
conducted by Ms. Vasudha Acharya, Senior Manager
Direct Tax, Dr. Suddhasatwa Roy, Senior Manager, and K
Baskar, Senior Manager Indirect Tax of Deloitte Touche
Tohmatsu India Private Limited.
The event commenced with V. Srinivasan, IACC,
Karnataka Committee Member delivering a welcome
speech and introducing the speakers of the session. The
seminar provided an overview of the India Budget 2011,
addressing Direct Taxes, Indirect Taxes and their impact
on the economy, significant policy proposals and an
economic survey, complete with precision analysis and
razor sharp insights.
The introduction was followed by a presentation from Dr
Roy, who surveyed the economy and discussed the impact
of the Indian Economy on business. He focused on the
state of the overall economy, along with a discussion on
key metrics. He gave an interesting outlook on various
sectors through a study of microeconomic indicators and
current developments in the country.
Dr. Roy's presentation was followed by an insightful view
on direct taxes by Ms. Vasudha Acharya. In a very succinct
manner she spoke about the key changes in direct taxes
and threw light on its impact on various industries.
Baskar then covered the topic of “Indirect taxes”. He
focused on the key changes effected in the new budget
and how they will affect different producers and
consumers and the coverage of wish lists. He drove the
point home by giving examples from the industry which
were very effective.
The presentation was very well conducted; all the
speakers came down to the level of the audience to help
them understand the implications of the Budget on their
companies. They answered questions through the
presentation to make sure that everyone was on the same
page and very tactfully with humor and wit presented an
informative and relevant session on the Indian Budget
2011.
- INDO US BUSINESS May-June 2011
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