News

Endeavor to strengthen India-US Trade

Sep 16, 2020

International trade is one of the most vital set of economic activities which strengthen the fiscal parameters of a nation. During this challenging time when COVID 19 has crippled the global economy, strengthening of international trade has become increasingly important. In an endeavor towards handholding the Indian firms establish and strengthen their businesses in US, World Trade Center Bhubaneswar associated with Fairfax County Economic Development Authority (FCEDA), USA to organize a webinar on “Turning Challenges into Opportunities: Expanding Business & Mindset Globally”. The webinar marked a virtual visit of the officials of FCEDA to Bhubaneswar with an objective focusing on opening up new avenues for the businesses of Bhubaneswar and the benefits of expansion into mature markets such as Fairfax County, Virginia, USA.

Ms. Juhi Naithani, Assistant Director, International Business Investment, FCEDA in her address explained the geographical and other competitive advantages of doing business in Fairfax County. She spoke in detail about the existing market access, diverse resources for capital, quality of workforce and dynamic and diverse business community of the County. While highlighting names of some of the Fortune 500 companies and enterprises such as Hilton, NVR, Leidos etc. which are operating successfully from the County, she also shared the names of other technology and international employers gaining from their operations there. She also deliberated on the details of some of the key industries and the potentials areas for business in the County. She further detailed on the assistance and facilities provided by FCEDA to the businesses in terms of making available the appropriate sources of funding, finding office space, identifying sources for hiring skilled personnel and providing for relevant market intelligence reports. 

Mr Ashiwini Kumar Rath, Chief Executive Officer, Batoi Systems Pvt Ltd. and Honorary Convener of WTC Bhubaneswar Startup, Innovation & Technology Think Tank spoke about his experience of conducting business in the US. He also shared insights on the benefits of engaging with an economic development agency. Highlighting the social as well as economic damage which the existing global disruption has created he encouraged the entrepreneurs to work towards expansion of their business and develop new dimensions to the market areas which they have been conventionally serving. He also opined reinvention as the key to survival in the tuff times. He took the opportunity to share insights on the app suites developed by his digital firm in order to serve the micro and medium enterprises. 

Mr. Satya Yeruva, Associate, CHUGH LLP, in his address gave a broad perspective on the different type of entities registered and recognized in the County and made a detailed presentation on the legal aspects of commencing a business in the USA. Mr. Jagan Mohan, Immigration Consultant, CHUGH LLP, in his deliberation shared details of the immigration population in Fairfax County and types of US Visas which could be used to establish an enterprise there. 

Ms. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar welcomed and invited the officials of FCEDA for a collaboration in facilitating the companies in Odisha to explore the US markets and expand their business operations globally. Such sessions are a welcome step in enhancing the market knowledge of the entrepreneurs of the State she said. 

Ms. Juhi Naithani, Assistant Director, International Business Investment, FCEDA proposed the vote of thanks.