Visakhapatnam: The Visakhapatnam-Kakinada region, one of the fastest growing in the country, offers immense scope for American companies to make investments and also to partner with Indian companies for mutual benefit, according to Ms Katherine Dhanani, US Consul General at Hyderabad.
She was speaking in the Vizagapatam Chamber of Commerce and Industry after the inauguration of American Business Corner here on Monday, the first in the State. She said companies of both the countries could gain immensely by sharing resources and expertise. The American Business Corner would facilitate such mutual co-operation between the US companies and the Indian ones. “There has been incredible growth in cities such as Visakhapatnam in recent times and the initiative will further trigger growth,” she added.
Mr G. Srinivasa Rao, State Minister for Ports and Infrastructure, spoke about the many projects coming up in the Visakhapatnam-Kakinada region and the possibility of Indo-US co-operation in many areas.
Ms Katherine Dhanani and Mr Srinivasa Rao exchanged documents of a memorandum of understanding signed by the chamber and the US Consulate.
Mr James Golsen, Principal Commercial Officer, US commercial service, said the purpose of opening American Business Centres in tier-two cities such as Visakhapatnam was to enable American companies to invest in the areas and also to throw open the US markets to the Indian companies in such cities.
“We have already inaugurated American business centres at Kochi and Coimbatore. This is the first in Andhra Pradesh,” he said.
Mr A. Sreerama Murthy, Vice-President of the chamber, presided over the meeting.
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