 "Two day conclave on the theme of increasing US-India trade to $500 bn")
Indo-American Chamber of Commerce (IACC) is holding a two-day national conclave on the theme, 'Increasing US India Trade to $500 billion', in Hyderabad on June 3, 2016.
Union Home Minister Rajnath Singh will inaugurate the event, which would be attended by about 300 delegates including the business leaders such as GMR Group Chairperson G M Rao among others, IACC said on Wednesday.
According to IACC Senior Vice-Chairperson Govindhari, the objective of the conclave was to promote Indo-American business, trade and economic relations in investment, technology transfer, collaborations, JVs among other areas.
Currently Indo-US trade stands at $100 billion with a compounded annual growth rate of 13 per cent in the past 10 years. To achieve a quick four-fold increase over the present trade volume, as much as 60 per cent growth will have to come from unblocking trade in key sectors like aerospace and defence, infrastructure, and logistics, energy, services and manufacturing, Govindhari said.