USA

US-India Investment Seminar & Business Expo 2006
Los Angeles Convention Center, California, USA
August 21 - 22, 2006

FICCI and California based US Asia Business Forum (USABF) with the support of US Department of Commerce, the Mayor and City of Los Angeles and the Los Angeles Chamber of Commerce organized the "US-India Investment Seminar and Business Expo 2006" on August 21 - 22, 2006 at Los Angeles. The main objective of this mega event was to project the Indian opportunity to the US companies. From the US side, the Lt Governor of California, Mayor of Los Angeles, Senior Congressmen and Senators addressed the participating delegates at the Investment Seminar. From India, the Exhibition had participation from various Indian Export Promotion Councils and individual companies.

For the first time, the City of Los Angeles was plastered with banners of India US synergy under the aegis of the Mayor of the City.

As a result of this public demonstration of Indo-US partnership, the Exhibition of over seventy companies received major footfalls. The thirty-two companies from India broke new grounds in Joint Venture possibilities, investment opportunities in India and trading windows.

The thrust sectors for the Seminar included: Housing and Infrastructure, Energy (including Power and non-conventional sources), Information Technology, Agriculture and Food Processing, Entertainment (including Animation, Gaming & Visual Effects), Healthcare, Science & Technology Collaborations, Biotechnology, Tourism & Hospitality. There were nine breakout sessions focusing on the above sectors, which attracted three hundred US companies networking with seventy-five member Indian delegation. For the first time, a special session on Alternate Medicine took place in the United States, which attracted great attention. The FDA of US had sent a delegation to this session to discuss the modalities on how traditional medicines can be marketed within the US regulatory structure.

Complimenting FICCI and US-Asia Business Forum, Ambassador Ronen Sen said this event has come at a time when there is "tremendous and radical transformation of relations between India & US." US $ 40 billion in goods and services will be doubled in the next 3-4 years.