The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's apex knowledge chamber, launched its US Chapter in New York, as part of the ASSOCHAM Global Investors' India Forum (GIIF), during an Interactive Investment Forum on Fast tracking India's Growth Story with Confidence & Conviction.

Rana Kapoor, President, ASSOCHAM and Founder and CEO, YES BANK Ltd. delivered the Forum's keynote on the topic 'Make in India'- Pressing the Pedal.

ASSOCHAM US Chapter endeavours to strengthen the India-US trade and investment corridor and establish a strong relationship with US-based investors and companies. The Chapter will develop an enabling platform for Indian and US business communities to engage and explore investment opportunities in each other's regions.

Kapoor said, "The relationship between India and the US, built on the renewed 'sustainable' energy between our two great nations, is truly the defining partnership of the 21st century.

Our shared values of democracy and entrepreneurship, as well as the visible understanding between our Governments, are taking India and the US to the next level of economic and political partnership. I am confident that we will achieve our ambition of growing trade between our two countries five-fold to USD 500 billion."

Adding that India is at a sweet spot in terms of economic growth currently, Kapoor said, "With a strong and confident Government at the centre, there is a marked change in perception of the Indian economy amongst investors across the world. India is benefiting from a paradigm shift, with economic activity buoyed by expectations of 'Good Governance' and 'Effective Governance'."

ASSOCHAM has proactively played a vital role in impacting the policy and legislative framework to foster balanced economic, industrial and social development in India through sustained engagements with the Government, policy-makers, regulators and industry, through its 100+ Sector, Regional Development, and International Business Promotion Councils.

To actualize the Indian Government's strategy of 'Make in India', ASSOCHAM has expanded globally by establishing 14 new international offices in key geographies including China, Russia, UK, Japan, Germany, UAE and Singapore, amongst others. ASSOCHAM also has MoUs and partnerships with Business Chambers in over 75 countries.

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