‘MAKE IN INDIA’ RESONATES AT US-INDIA SYNERGY EVENT

The US-India Synergy Conference, which included keynote addresses and panels featuring prominent leaders, tabled time-critical information directly relevant for California organizations doing business with India.
While many conversed over the conventional norms of trade and business in the field of cross-border investment, trade, manufacturing, media, education, and tourism, others supported a rather modern approach towards successful dealings. Speaking about the US-India synergy frontier, Consul General of India, San Francisco Venkatesan Ashok elated said, “I am proud to present India on a global platform. This is the time to invest in a country which has several booming states and is capable of giving extreme competition to other countries including China. I would urge the US to take part in the great Indian experience and feel the difference.” Emphasizing on the Indian Prime Minister’s  grand vision, he elaborated, “Mr Narendra Modi is doing a commendable job in India. His several campaigns like `Make in India,’ `Clean India Mission,’ and `Start up India,’ Smart Cities, Jan Dhan Aadhar Yojna and digital lockers facility have left a positive mark on investors abroad. Convergence is taking place in economic, geological and socio political issues; so let us seek  to work together for a better future.” His perspective was approved by Ramamurthy Sivakumar and KanwalRekhi, who presided over the High Tech/Venture Capital and Cross-Border Investing session.
They agreed that India’s online market has grown rapidly. “It has one of the largest entrepreneurial ecosystems in the world with 30 million people moving to urban areas every year adding 70 billion to the economy. The country’s economy is driven by needs rather than wants. Recent demonetization is also set to create more bank accounts thus attracting more potential customers in future,” they said. A similar guiding thought was shared by Adrian Mutton and Amy Hariani during the ‘Doing Business in India’ session. They both talked about the new lucrative states and other liberal policies of the Modi government focusing on the fact that US investors must strategically plan their products before investing in the need-based country.
When India Journal questioned Gunjan Bagla of Amritt Inc fame about the competition ‘Make in India’ can face from ‘Made in China’, he replied, “I agree that India is not building consumer based products, a field where China is excelling, but it is widely participating in other secondary products which are durable and long-lasting. China is also not a very open market for investment, a factor where India steps in enthusiastically.” India’s Minister for Human Resources Development Andhra Pradesh, Ganta Srinivasan Rao, also graced the occasion and requested investors to come to his land of royalty and luxury.
The successful India-US synergy event was meticulously planned by the International Committee of City Club Los Angeles, the Consulate General of India (San Francisco), and World Trade Center Los Angeles.