The Hindu Business Line : Indo-American Chamber in pact with WTC-Rhode Island

Kolkata May 8 The World Trade Centre, Rhode Island (WTC-RI), USA, has signed a strategic alliance agreement with the Indo-American Chamber of Commerce (IACC).

The agreement will not only entail promotion of various activities of the India Business Programme of WTC-RI in India, but also provide an effective platform to the trade and business communities of both US and India.

According to Mr Dennis McCarthy, Managing Director, WTC-RI, both IACC and WTC are expected to benefit in multiple ways.

According to Mr S.K. Jain, Regional President of IACC, the key benefits for the chamber from the strategic alliance would be preference to IACC members for the Business Matching Programme (BMP), easy access to both business contacts in 130 other countries where WTC has a branch and connection and resources to the Rhode Island State and other US State governments and facilitating WTC-RI client companies' direct visit to India.

Mr McCarth said the benefits for WTC-RI would be access to selected Indian consultants to IACC members' list with endorsement of BMP programme, inclusion of WTC-RI information and logo in the IACC Web site as a partner and joint US-India BMP seminars.

Mr Jain said the alliance would go a long way in boosting Indo-US trade, expected to touch nearly $40 billion this year.

In 2006, the figure was at $32 billion, up from $27 billion in the previous year.

He said efforts would be to double Indo-US trade in the next three years, and the alliance with WTC-RI would help in a big way.

Mr McCarthy said the strategic tie-up would provide international business access to companies in Bengal through WTC's global network.

According to him, many US companies in the SME segment were keen on sectors in India such as textiles, manufacturing, agri-foods, electronics and defence industries. WTC-RI has a membership of one million, he pointed out.

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