A seminar on international trade development and investor awareness — ‘Doing Business with US’ was organised by ICSI-CCGRT (Centre for Corporate Governance, Research and Training) at Indian Merchants Chambers, Mumbai.
Organised under the guidance of CS Atul H Mehta, president ICSI, the seminar was attended by Martin Claessens, commercial officer, US Commercial Service, US Consulate General who introduced the “Select USA” programme in his presentation.
He emphasised on the points necessary for opting USA as a preferred investment destination. He also reiterated on how India could expand investments in different states of the USA. He also gave an optimistic view of the business climate in the USA. He also touched upon the following points, ease of business, transparent processes, advantages of Foreign Trade Agreements and cost competitiveness.
The second speaker for the day was Arvind Salvi, former DGM, Reserve Bank of India. He spoke on the FEMA regulations for Joint Ventures and WOS abroad and how the regulations facilitate foreign investment.
Salvi also mentioned about the eligible investors, method of funding and the sectors where investment is provided for and procedures to be followed. He also focussed on the importance of both the EXIM Bank and the ECGC. Finally, he concluded his presentation by giving a brief overview of the risks and issues involved in investing abroad.