Fri, Aug 18, 2017 | updated 09:48 PM IST

US-India Business Council, Vibrant Gujarat Delegation conclude road show in US

Updated: Sep 23, 2016 16:41 IST      
US-India Business Council, Vibrant Gujarat Delegation conclude road show in US

New Delhi [India], Sep 23 (ANI): The US-India Business Council (USIBC), as an official partner of the Vibrant Gujarat Summit, concluded a multi-city road show in the United States.

Led by Bharat Lal, Resident Commissioner of Gujarat, the delegation also included representatives from Invest India, FICCI, ONGC and KPMG. This is the fifth year of partnership between Vibrant Gujarat and the US- India Business Council.

In 2015, USIBC led the largest ever US business delegation to the summit providing top business leaders with opportunities to interact with the chief minister of the state as well as senior state and central government officials.

The multi-city industry roundtables aim to provide an opportunity for the delegation to present Gujarat as the leading investment destination in India.

The council organized industry receptions and roundtables in Houston, Chicago, New York, Washington, DC and Menlo Park, providing an opportunity for the delegation to meet over 100 top US companies across industries, including healthcare, food and agriculture, defense, logistics and infrastructure.

Some of the companies in attendance during the road show included MasterCard, UST Global, JP Morgan, Thompson Reuter, Abbott, Aemetis, Lockheed Martin, Cisco and Welspun.

As part of the road show, the council also hosted a roundtable with Ajay Pandey, the Managing Director and Chief Executive Officer of the Gujarat International Finance Tec-City (GIFT). GIFT is being developed as a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centers.

Pandey discussed the International Financial Services Centre in GIFT and the benefits to the entities setting up operations in these cities that include the Minimum Alternative Tax, reduced from 18.5 percent to nine percent, the Security Transaction Tax (STT), Commodity Transaction Tax (CTT) and Long Term Capital Gains (LTCG) waived off.

At the conclusion of the road show, Mukesh Aghi, President of USIBC, noted that, "The state of Gujarat is one of the leading states in India for industries and is recognized as India's growth engine. Vibrant Gujarat Summit is one of the most notable efforts in India's attempts to place itself as the topmost investment destination. USIBC is delighted to partner with the Vibrant Gujarat Summit, having long supported Gujarat's pro-business environment. The summit is also timely as it will be held during a critical phase of the GST roll-out."

Providing the key note address during the road show, Bharat Lal highlighted the significance of Gujarat as a complete business destination that is located strategically, has an inherent entrepreneurial spirit and is home to a diverse range of industries such as pharmaceuticals, agro and food processing, and a robust logistics industry.

As a result, the state ranks among the top five states for FDI inflow and 19 percent of the industrial output comes from the state of Gujarat. The Vibrant Gujarat Summit is the definitive platform to engage in discussions with key policy-makers, thought leaders and businesses who are shaping the future of India. (ANI)

New Delhi [India], Aug 18 (ANI): The Ministry of Finance on Friday released a clarification regarding the number of taxpayers that have been added after demonetization.

Full Story >>

New Delhi [India], Aug 18 (ANI): Celebrating the occasion of world Entrepreneurship Day, ASSOCHAM (Associated Chambers of Commerce and Industry of India) on Friday bestowed Mobikwik co-founder Upasana Taku with the 'Best Woman Entrepreneur Award 2017' in the national capital.

Full Story >>

RBI introduces new Rs. 50 notes in Mahatma Gandhi series

Updated: Aug 18, 2017 19:14 IST     

New Delhi [India], Aug 18 (ANI): The Reserve Bank of India (RBI) on Friday announced circulation of new currency denomination of Rs. 50 banknotes in the Mahatma Gandhi (New) Series.

Full Story >>

New Delhi [India], Aug 18 (ANI-NewsVoir): Eminent artist, philanthropist and award winning sculptor Rouble Nagi is looking forward to welcoming and hosting international Bahraini artist from Bahrain over an evening at a multi-cultural arty affair connecting creative enthusiasts from India and Bahrain through an unparalleled programme of artist interventions.

Full Story >>

New Delhi [India], Aug 18 (ANI): An urge to share lives beyond fashion and lifestyle by the users of India's leading fashion social network, 'Roposo - TV by the People' has emerged as the home grown digital platform to explore homemade videos and photos, hands-free and full-screen browsing experience.

Full Story >>

New Delhi [India], Aug 18 (ANI): CMO Asia, an organization of Asia's top marketing executives and professionals, through their network, generate high level thought leadership and peer networking amongst decision makers across Asia. CMO Asia's National Award For Marketing Excellence was awarded to Parijat Industries on 6thJuly in Mumbai this year.

Full Story >>

New Delhi [India] August 18 (ANI): Union Minister Arun Jaitley in a letter to the State Chief Ministers, Finance Ministers written earlier today highlighted the concerns raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products.

Full Story >>

Panaji (Goa) [India], Aug 18 (ANI): Le Meridien has announced hiring of Norton Pereira as the General Manager for its Goa's Calangute property.

Full Story >>

The story of Zaara Tugs at Family Ties Strings

Updated: Aug 18, 2017 15:38 IST     

New Delhi [India], Aug 18 (ANI-BusinessWireIndia): In every child, there is a story, a story never told or heard. New research has found that three out of four parents have a best loved child. Even if they do not, mere perception of bias can affect a child's emotional well-being.

Full Story >>

New Delhi [India], Aug 18 (ANI): Vishal Sikka, who resigned as the Managing Director and Chief Executive Officer of Infosys Ltd., on Friday cited that the continuous stream of distractions and disruptions are among the main reasons behind his dec

Full Story >>

New Delhi [India], Aug 18 (ANI): True Balance, India's leading mobile balance management service app unveiled interesting features on its new version which enables users to manage, recharge and earn their rewards all in one go.

Full Story >>

New Delhi [India], Aug 18 (ANI): The latest OLA film 'Farak Padta Hai' campaign explores the youth of today who are more concerned about the future of the country, and want to work towards solving real issues like growing congestion and pollution in our cities.

Full Story >>

New Delhi [India], Aug 18 (ANI-NewsVoir): Home buying journey today is not as cumbersome as it was a decade ago. Homeseekers were completely dependent on brokers and personal connect, however with evolved needs and technological advancements, one can now access information at the touch of their fingertips. With the introduction of mobile apps like Magicbricks - the process has become much simpler.

Full Story >>

Kerala Tourism organizes a roadshow in Gurugram

Updated: Aug 18, 2017 13:54 IST     

New Delhi [India], Aug 18 (ANI-NewsVoir): Kerala Tourism, with its year-long marketing activity campaign which commences with the summer campaign that lures summer travellers from the month of April to September, reached out to the tourism industry players in Gurugram on Thursday, 17th August, with its revamped fare on showcase which includes a selection of new tourism products.

Full Story >>

New Delhi [India], Aug 18 (ANI-NewsVoir): Shardul Amarchand Mangaldas & Co. ('SAM & Co.') advised Kagome Co. Ltd. (Japan), ASG LLC and Preferred Brands International Inc. in relation to the acquisition of Preferred Brands International and its subsidiaries including Tasty Bites Enterprises Limited (TBEL). The primary transaction is valued at USD 172 million (appox.) and will be followed by an open offer (valued at INR 352 crores). Tasty Bites Enterprises is a leading Indian manufacturer of packaged ready to eat food products.

Full Story >>

Seven Hills Beverages Limited to enter capital market

Updated: Aug 18, 2017 13:06 IST     

Mumbai [India], Aug.18 (ANI-Newsvoir India): Seven Hills Beverages Limited, engaged in manufacturing of packaged drinking water for Bisleri International Pvt. Ltd. at its state of art, ultra modern unit at Nasik (Maharastra) is entering the capital market with an IPO of 1.60 Cr. equity shares of Rs.10 each at a price of Rs. 26 per share (30.09% dilution).

Full Story >>

Mumbai [India], Aug.18 (ANI-Businesswire India): Nirvana Realty, one of the leading developers in Maharashtra's weekend home market, has bagged the 'The Best Luxury Developer of Weekend Homes in Maharashtra' award at the 7th Edition of the Realty Summit and Award 2017.

Full Story >>

Mumbai [India], Aug.18 (ANI-Businesswire India): One of the top bullion companies of India, RiddiSiddhi Bullions Ltd. (RSBL), was conferred with the highest honor at the recently concluded awards from the India International Gold Convention (IIGC).

Full Story >>

Bengaluru (Karnataka) [India], August 18 (ANI): At its board meeting held today, the Board of Directors of Infosys Limited accepted Vishal Sikka's resignation as the Managing Director and CEO, effective immediately.

Full Story >>

Vishal Sikka resigns as Infosys MD and CEO

Updated: Aug 18, 2017 10:04 IST     

New Delhi [India], August 18 (ANI): Vishal Sikka has resigned as the Managing Director and Chief Executive Officer of Infosys Ltd. with immediate effect.

Full Story >>