Indo-American Chamber of Commerce (IACC)
Established in 1968, the Indo-American Chamber of Commerce (IACC) is a non-government, industry led and industry-managed organization, playing a proactive role in Indias development process and serves as a much needed link between the business communities of India and the United States of America. IACC is the only bilateral Chamber of Commerce in India, which is committed to development of Indo-US business and trade relations.
The major objective of IACC is to promote Indo-American business, trade and economic relations. IACC promotes bilateral trade, investment and technology transfer, facilitates business collaborations, joint ventures, marketing tie-ups and strategic alliances through a set of proactive business-oriented initiatives. In particular has established the following objectives :
Facilitate exports of manufactured and agricultural products from India
Facilitate US-based SMEs to do business with India
Promote Environment-related trade between India and US
Facilitate Colloboration between Hollywood & Bollywood
Facilitate US Investments in Indias Real Estate sector
Facilitate outsourcing of services from US to India
In addition, the chamber will initiate debates and prepare issue based white papers on Indo-US trade related issues in the context of Double Taxation, Intellectual Property Rights and Totalization Treaty.
IACC acts as a catalyst for sustainable growth of business between India and the US. In its four decades of existence, IACC has established operational connectivity with a host of business, research and developmental institutions in India and US in order to leverage each others capabilities for enhancing Indo-US business relations. The Chamber continuously interacts with the Indian and US Governments, and provides them feedback on bilateral issues relating to trade and investment. In essence, IACC also acts as a forum for its member companies to interact with senior functionaries of both the Governments.
IACC has over 2,600 members who together represent a wide spectrum of business and economic segments : manufacturing, exports, services et al. IACC member companies are involved in a cross-section of business domains such as manufacturing, engineering, construction, consumer goods, electronics, IT, pharmaceuticals, consulting, travel and tourism, etc.
The geographical spread of IACC is unique as it operates through 11 offices located throughout the country. These are in Ahmedabad, Bangalore, Bhubaneswar, Chennai, Cochin, Delhi, Hyderabad, Kolkata, Mumbai, Pune and Varanasi.