Financial Daily from THE HINDU group of publications
Friday, Nov 26, 2004
Financial Daily from THE HINDU group of publications Friday, Nov 26, 2004 |
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Industry & Economy
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Foreign Trade `Doing business with USA' Our Bureau
Chennai , Nov. 25 YOU are a small-scale entrepreneur. You are interested in gaining an entry or at least a peek at how to go about doing business with one of the richest countries in the world, then be at the Le Royal Meridien in Chennai on December 1, say representatives of the Indo-American Chamber of Commerce (IACC) - Tamil Nadu branch. Officials, businessmen with experience in the field will talk about the art of `Doing business with USA' and the highlight will be a presentation by a lawyer from the US. While this is an annual event organised by the chamber, this year the significance is that with 2005 around the corner, business with the US is set to open out even more. Quota regimes are out for textiles, intellectual property rights gain greater significance and there is scope for more action in textile business, pharma and, as always information technology, says the IACC's Chairman, Mr T.R.K. Ramakrushna Rajha. According to a garment exporter, Mr S.S. Yuvaraj, who is also a member in the IACC, the exporters in the Tiruppur and Erode belts are in immediate need of more than 1,000 weaving machines, and ideally they would like to pick them up from the used-machines market in the US. But visa restrictions are a problem and they have to settle for buying the machines from Taiwan or Korea where the machines do not match the US quality. "I plan to ask how I can get around this problem," he said. This would be one of the many issues to which entrepreneurs can expect to discuss in detail at the seminar, he said.
More Stories on : Foreign Trade | Tamil Nadu
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