to the promotion of industrial, economic, business · to the promotion of industrial, economic, business and commercial activities between the United States of America and India”

1

“To be the principal bilateral Chamber committed to the promotion of industrial, economic, business

and commercial activities between the United States of America and India”

To serve the business needs of our members•To act as a catalyst in promoting economic growth •between the two countriesTo protect and promote the collective bilateral need and •interest of the Indo-US business community.To effectively lobby with the two governments on •significant bilateral issues affecting Indo-US commerce

Vision

Mission

INDO-AMERICANCHAMBER OF COMMERCE

IACCThe only bi-lateral Chamber for Indo-US business

2

4444th AnnuAl RepoRt 2012 - 13NOTICENOTICE

Notice is hereby given that the Forty Fourth Annual General Meeting of the Members of the Indo-American Chamber of Commerce will be held on Friday, September 27, 2013 at 10:30 a.m. at the Taj Mahal Palace & Tower, Apollo Bunder, Mumbai – 400 001. The agenda is as follows:

1. To approve and adopt the Reports of the Executive Council and the Audited Statement of Accounts for the year ended March 31, 2013.

2. To elect Members to the Executive Council for the year 2013-2014 in accordance with the Provision of Articles 43, 44 and 45 (A) in place of members who have retired by rotation.

In accordance with Article 44, the Nominating Committee has nominated the following 9 (Nine) members for election to the Executive Council for the year 2013-2014:

1. Ms. Madhulika Gupta Repute Public Affairs & CSR Solutions 2. Mr. Rajan Vasa Contech BPO Pvt. Ltd 3. Mr. Vasant Subramanyan Last peak Data Pvt. Ltd 4. Mr. Vasanth Kini Titanium Industries India Pvt. Ltd 5. Mr. Rajaram Rajkumar TE Connectivity Global Shared Services Pvt. Ltd 6. Dr. G C Gopala Pillai Kerala State Electronics Development Corporation Ltd. 7. Mr. Ramesh Datla Elico Ltd. 8. Mr. Annam Dilip Kumar Fortune Bio-Tech Ltd 9. Mr. Sandeep Marwah Asian Academy of Film & Television

No other nominations were received.

3. Confirmation of appointment ofa member to the Executive Council to fill the vacant position on resignation of a member. The following member has been appointed by the Executive Council to fill the vacant position on resignation of EC member, as per section 262 (ii) of the Companies Act 1956, and he will hold office until the end of the term of the member he is replacing. Mr. T. N. Venkatanarayanan, M.D., DivIHN Soft Systems P ltd (in place of Mr. S. B. Prabhakar Rao, Executive Director, Chemplast Sanmar Ltd) upto 2014-2015.

4. To appoint auditors from the conclusion of this meeting to the conclusion of the next Annual General

Meeting and to fix their remuneration.

By order of the Executive Council

Atul Vyas August 03, 2013 Acting Secretary General Registered Office: 1-C, Vulcan Insurance Building, Veer Nariman Road, Churchgate Mumbai 400 020, India N.B. Any member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself and such proxy need not be a member of the Chamber.

3

Every passing year etches its own history and leaves behind a legacy. There will be high and low points as the year fades into the past and awaits a new dawn. Indo American Chamber of Commerce (IACC), set up in 1968, has lived through these years spurring hope and vision of a dynamic and forward looking partnership between the two largest and oldest democracies in the world – Indiaand the United States of America (U.S.). It goes to the credit of the founders of this august body for conceiving the need for a bi-national business forum to promote active tier 2 dialogues among the businesses of both countries, which has leapfrogged in its intensity and direction over the years.

If one were to distil the experiences and canvass of activities of Presidents of IACC, perhaps, that will serve as a monograph capturing changing strands in the Indo-US economic partnerships. If I have to figure out the high point in my tenure, I will point out the emergence of green shoots of economic recovery in the U.S., gaining ground, disproving the prophets of doom, who predicted that the U.S. economy is on a continuous slip and may not regain its pristine glory. In the same breadth, if I have to narrate the biggest challenge before us, I have to confess that the connect between the two economies of continental nature has to be overhauled to reflect the development in one economy is shared and spilled over to the other. Yes, the rejuvenated U.S. economy has to lift up the development sentiments in India, for sustaining the growth impulses here and solidifying and nurturing the buoyancy. In a globalized economic superstructure, growth is not a uni-dimensional process. It has to permeate to every nook and corner. Yet, it has to have some lead players. And those are the U.S., China and India, in that order.

If information technology has helped in ferreting out the embedded complementarities between India and the U.S., manufacturing and infrastructure should become the raison detour of our futuristic engagement. It is not that the IT segment has saturated, but further potentials in the segment can be unbound by taking proactive steps in manufacturing and infrastructure. For instance, India has on its shelf a mammoth investment opportunity in infrastructure valued at one trillion dollar to be spent in the next five years or so. These are to be implemented through the PPP model, where the government expects the private sector to come forward as an equal partner, opening up the scope for joint ventures, technology transfer, equity infusion, etc. It is an area where the U.S. corporations have to increasingly focus on India. These developments will have a snowballing effect on all aspects including IT.

Happily, manufacturing sector in India has snapped its bond with the past. This rebounding sector is not only an attractive investment proposition for the foreign investors, but also has come of age for investing abroad. India is a lead investor in many economiesincluding the U.S. A number of big ticket mergers and acquisitions are triggered by the Indian companies. That being the case, Indian manufacturing sector needs capacity augmentation and technology up-gradation to help it realise the inherent potential. A strong manufacturing sector in India can only generate resources for investing abroad. Apart from that, the manufacturing sector induces demand for state-of-the-art technology acquisition, where the U.S. is a major provider.

Bilateral trade is no longer an end-all factor in economic partnerships. Admittedly, there has been considerable growth in bilateral trade, which may be in favour of India for the time being. But it should not be viewed as a stand-alone case. India’s defence, civil aviation and high-end technology imports from the U.S. arequite considerable, so also billions of dollars spent by the Indian students seeking higher education in the U.S.and the amount forgone by lakhs of Indian professionals working there on short term visa as social security tax. Of late, some of the unknown think-tanks and pressure groups are orchestrating a campaign for discontinuance of the Generalized System of Preferences to India (GSP) citing untenable reasons. These are the campaigns let loose by the vested interests. GSP has played an important role in promoting India-U.S. economic relations on a sustained basis. In the

PRESIDENT’S REPORT

4

4444th AnnuAl RepoRt 2012 - 13interest of the growing bi-national economic partnership, this system should be continued, which will favourably impact many small and medium enterprises. Equally important is the creation of an institutional framework for meaningful cooperation between the SME sectors in both countries to take the relationship to the next orbit of growth.

The Indian economy has faced and is still facing many daunting tasks. Inflation, higher rate of interest, growing current account deficit, etc. are some of the major hardships. There has been a wide spread demand from the industry to ease the interest rate to access funds from institutional sources for funding their expansion plans. Inflation and, of late, the current account deficit have driven the RBI to follow a dear money policy. One hopes that once the economy is on rail, the interest rate is brought down appreciably. Equally significant is taking bold steps for completing the reform process to shore up the competitiveness of the Indian industry and to ensure higher commitment of investment both from domestic and international sources. That will generate more employmentand income to the people leading to an inclusive growth. Reforms in insurance, real estate, etc. are critical in this regard.

I am pleased to report that the Chamber has taken many initiatives this past year towards furthering Indo-US business ties and creating networking opportunities between businesses and government officials of both countries. We have continued to host meaningful conversations, conferences, events and both inbound and outbound delegations – which we are thrilled to share with you in this Annual Report. IACC’s National Forums have played an instrumental role in bolstering conversation within specific sectors such as Aerospace &Defense. Our focus is to take on initiatives that promote trade and economic relations, and enable information and technology transfer between India and U.S. businesses in sectors such as Aerospace &Defense, IT, Infrastructure, Legal, Education, Media and Entertainment, etc.

During the year, I have received excellent co-operation from the Incoming President, Vice president, Executive CouncilMembers, Regional Presidents, Branch Chairmen and Members of the Regional Councils and Branches. I am deeply indebted to them. We have a long way to go. We have many challenges and prospects. The challenge is that we are operating in a space characterized by the presence of a few similar organizations, most often offering the same set of services. We have to evolve a matrix that eminently distinguishes our services in its content and quality. Our prospect is that we are the only bi-national Chamber having membership from both India and U.S. companies. That way our views and perceptions are balanced and combine the development imperatives with national interest. We have to leverage this unique position for getting our mindshare while framing policies and crafting development strategies.

I have got unstinted support from the Secretariat during my tenure. I must place on my appreciation the services rendered by Mr. R. K. Chopra, former Secretary General and Mr. Atul Vyas, Acting Secretary General and his team of officers. Secretariat is the backbone of anyChamber and we are working to empower and motivate the Secretariat so that they can effectively respond to the emerging challenges. We will soon have a new Secretary General and we are confident that the Secretariat will help us to take the Chamber to the next level. Thank you all.

Shourya Mandal

National President, IACC

5

IACC’s 43rd Annual General Meeting September 28, 2012 at Taj Mahal Palace & Tower, Mumbai

The 43rd Annual General Meeting (AGM) of the Indo-American Chamber of Commerce (IACC) was held on September 28, 2012 at the Taj Mahal Palace & Towers, Mumbai.

The agenda for the Business Session was to approve and adopt the Executive Council Report and the Audited statement of Accounts for the year March 31, 2012, to elect members of the Executive Council for the year ended 2012-13, to appoint auditors and to pass special resolutions.The Business Session was followed by Public Session. Consul General Peter Haas, US Consulate General, Mumbai was

the Guest of Honour and Mr. Prabhakar Dalal, Executive Director, Export-Import Bank of India was the Chief Guest who shared his views on the “India-US Trade & Investment Relations”.

Following the Public Session, a new Executive Council was elected. Mr. Shourya Mandal, Partner- Fox Mandal was elected as the National President for the Year 2012-13. Mr. Chella K. Srinivasan, Partner - S. Viswanathan took over as the First Executive Vice President and Mr. Asoke Laha, President & M.D. – Interra Information Technologies (India) Pvt. Ltd. was elected as the Second Vice President.

(L to R) Mr. R. K. Chopra, Secretary General, IACC; Mr. Anand Desai, National President, IACC; Mr. Shourya Mandal, Executive Vice President, IACC; Mr. Chella Srinivasan, second Executive Vice President, IACC.

Members of the Executive Council Committee

Mr. Anand Desai addressing the audience

Mr. Anand Desai Welcoming the Chief Guest, Mr. Prabhakar Dalal, Executive Director, Export-Import Bank of India

Mr. Prabhakar Dalal, sharing his views on “India-US Trade & Investment Relations”

Consul General Peter Haas addressing the audience

6

4444th AnnuAl RepoRt 2012 - 13Executive Council Meeting 2012-13

September 28, 2012 at Taj Mahal Palace & Tower, Mumbai

(L-R) Mr. R. K. Chopra, Mr. Anand Desai, Mr. Shourya Mandal, Mr. Chella Srinivasan

Outgoing National President of IACC Mr. Anand Desai welcoming incoming National President of IACC for 2012-2013 Mr. Shourya Mandal

First Executive Council Meeting for 2012-2013 in progress

IACC supported “Defence Offset – MSMEs Network with DPSUs, DRDO and other Public and Large Private

Industries” July 19-20, 2013 - HAL Campus Bangalore

Indo-American Chamber of Commerce (IACC) was a supporting partner for the 2-day interactive Offset Workshop and Buyer-Seller Meet titled “Defence Offset – MSMEs Network with DPSUs, DRDO and other Public and Large Private Industries” hosted by the Society of Indian Aerospace Technologies and Industries (SIATI) in association with National Small Industries Corporation (NSIC), Ministry of MSME, The Society of Defense Technologists (SODET) and knowledge partners.

Honorable Minister for MSME, K.H.Muniappa, was the Chief Guest and Dr. C.G. Krishnadas Nair inaugurated the workshop. H.P.Kumar - CMD NSIC, Udaykumar- Director (P&M), Naresh Babu - MD, HAL, K.K. Pant - IAS Joint Secretary (Aerospace) Ministry of Defense, M. Vidhyashankar - IAS, Principal Secretary, Dept. of Industries, Uma Pillai - IAS Former Secretary, Defence Production, and Air Cmde (Retd.) J. Varkey, Hon Secretary General, SIATI addressed the inaugural session. IACC was prominently featured onsite and had contributed many delegates.

Mr. Vasanth Kini, MD Titanium Industries and Chairman of IACC’s Aerospace and Defense Forum, addressed the audience on “Supply Chain Challenges in Performance –Aerospace materials” on Day 1 and “Opportunities for US & Indian SMEs in Aerospace Offset Program” on Day 2. IACC’s unique position as B2B facilitator between US A&D SMEs and nascent Indian industry was highlighted. Delegates from across India expressed interest in joining IACC.

Mr.Vasanth Kini Chairman IACC Indo US Aerospace & Defense Forum delivering an address on Opportunities for India & US SME’s A & D India Offset Program on July20 2013 at Offset Workshop & Buyer Seller Meet organized by SIATI/SODET/NSIC at HAL Campus Bangalore.

Dr. C G Krishnadas Nair, Chairman SIATI, Former CMD HAL in conversation with delegate near IACC banner

7

IACC A&D Forum supported US participation at Aero India 2013

February 6-10, 2013 - BangaloreAero India 2013 held from February 6-10 at Yelahanka Air Force Bangalore is a premium Aerospace and Defense Show with Aero displays, static displays, exhibition and conference. USA had a major presence at Aero India 2013 with pavilion and attendance by US Ambassador. IACC Aerospace & Defence Forum worked with US Foreign Commercial Service to facilitate B2B meetings between Indian SMEs in A&D sector from its members base and exhibiting US companies onsite. This proved to be excellent opportunity for both sides. IACC enrolled some new members. US Ambassador hosted an exclusive reception for key delegates.

IACC Aerospace & Defense Forum supported the Global Aerospace

Industry Meet (GAIM 2012) December 10-11, 2012 at the Chancery Pavilion, Bangalore

The Global Aerospace Industry Meet (GAIM 2012) was organized by the Society of Indian Aerospace Technologies and Industries (SIATI) headquartered in Bangalore. IACC’s Aerospace & Defense Forum was the lead supporting partner of GAIM 2012 which was attended by over 140 delegates from India and overseas.

The first day comprised on presentations and panel discussions on Aero Parks, Offset Policies, MSME Engagement, Skill Development, Material Supply Chain, Quality Certifications, Defense PSU Sourcing. The second daycomprised of company presentations and B2B sessions.

Mr.Vasanth Kini, Chairman, IACC Aerospace & Defense Forum making a presentation on ‘Aerospace Performance Materials’: Is it a Challenge in India?

IACC supported International Taxation Conference 2012

December 6-8, 2012 – ITC Maratha Hotel, MumbaiIACC supported the International Taxation Conference (ITC) organized by the Foundation for International Taxation (FIT). 450 delegates from around the world and over 30 senior Indian Revenue Officials attended the Event.

Representing countries from around the world, the Conference hosted over 50 speakers including R. N. Dash - Former Director General of International Taxation, Sanjay Mishra, Dr. Parthasarathi Shome, Director – ICRIER (New Delhi), Justice S.

H. Kapadia, Chief Justice of India, Prof. Frederik Zimmer, Professor, Oslo University – Norway, Andrew Dawson, HM Revenue & Customs, U.K.,Prof. Bruno Gangemi, Partner, Macchi di Cellere, Studio Legale, Italy, Sohrab Dastur, Senior Advocate, Dinesh Kanabar, Deputy CEO and Chairman Tax, KPMG, T. P. Ostwal, Mukesh Butani, Managing Partner- BMR Legal, India, among others. The speakers presented on diverse topics such as Substance and form (e.g. GAAR) in International Taxation, Emerging International Tax issues in India, International Tax Structuring for investing abroad, Indirect Taxation developments, recent International Taxation developments, Recent Model treaty developments, Regional international taxation developments,Transfer Pricing Rules for Developing Countries - Issues and Options, etc.

Breakfast Meeting with Washington State Governor Ms. Christine Gregorie

October 8, 2012 -Taj Lands’ End, MumbaiIACC organized a breakfast meeting with Washington State Governor Christine Gregoire and the accompanying business delegation on Monday, October 8, 2012 at Garden View Room, Taj Land’s End, Mumbai.

Governor Gregorie said that the two-way commerce is low between the two sides. “We find that India is the 24th largest trading partner with our state. We think it is way too low, it should be at least in the top five. My visit here is to make sure that we can make that happen.” She said that businessmen of both the sides can increase cooperation in areas like IT, pharmaceuticals, aviation, life sciences, biotechnology and agriculture. “We have one of the most vibrant IT and software sector in the world. This is an opportunity for India,” she added.

Mr. Anand Trivedi, Regional Director, IACC-WIC,Washington State Governor, Christine Gregoire and Dr. L. S. Kanodia, Regional President, IACC-WIC

8

4444th AnnuAl RepoRt 2012 - 13High Level Interactive Meeting between

Dr. Jon Alterman, Director, CSIS, Washington D.C.& Indian Aerospace

Industry Leaders led by U.S. Consulate and supported by IACC’s Aerospace &

Defense ForumSeptember 10, 2012 – Taj West End, Bangalore

The objective of this meeting was to discuss the 3 way trade in Aerospace Defense between USA, India and Middle East/Israel. Dr. Alterman is specialist in this field and CSIS is Center for Strategic & International Studies, Washington D.C. The meeting was led by Ms. Ratna Mukherjee from US Consulate South India and Mr.Vasanth Kini Chairman Aerospace & Defense Forum IACC. The attendees included senior leadership from Titanium Industries India, Maini Global Aerospace, Titan Industries Precision Equipment Division, Ankit Fasteners, System Controls and HCL Technologies Aerospace. The deliberations included issues like Export Licensing, Technology Transfers, Investment in the Region.

WEST INDIA COUNCIL

9th Indo-American Corporate Excellence Awards 2013 & 237th American Independence Day Celebrations

July 1, 2013 – MumbaiThe Indo-American Chamber of Commerce organized its 9th Indo-American Corporate Excellence Awards (I-ACE Awards) at Hotel Trident, Nariman Point, Mumbai.

The objectives of the program are to recognize the best US Companies in India and vice versa along with the celebration of the 237th American Independence Day.

Maharashtra Chief Minister Shri Prithviraj Chavan, who has a Masters Degree from University of California, Berkeley, was the Chief Guest. The Guests of Honor were Shri Dilip Walse-Patil and US Consul General Peter Haas. Celebrities like Prabhu Deva, Poonam Dhillon and Gulshan Gorver were present at the Awards Ceremony. A number of prominent companies participated in the awards program this year across 13 categories such as CSR, financial services, FMCG, gems and jewelry, innovation, manufacturing, media and entertainment, SME, technology and communications, and other services. Awards were also presented to the Overall Best Company, Best NGO, and Best Woman Corporate Leader.

The jury comprised names like Peter Haas, Nadir Godrej, Nimesh Kampani, Harsh Mariwala, Dr. K. K. Nohria and many others. The event, which was covered extensively in print, electronic and digital media, also saw the attendance of over 500 VIPs from all walks of life such as Finance, Legal, IT, Manufacturing, Marketing, Consultancies and Pharmaceuticals among others.

The 9th I-ACE awards 2013 is IACC’s flagship event and serves as an excellent platform for business networking and an interaction with the who’s who of the Indian and American business world. The awards program was intended to inspire companies in various

sectors which are already doing outstanding work to raise the bar and contribute to enhanced economical and industrial growth.

Shri Chavan proudly mentioned that the US and India share very warm relations with one another and have several things in common apart from being the world’s largest democracies. Chief Minister Chavan said, “If we work together I’m sure it will help both the economies to get out of the current situations, to move forward, continue growing at the usual rates. India has been growing at a very substantial rate of growth of 8-9 percent, we want to get back to that level very soon and I’m sure working together will allow us to do that”. Shri Chavan in his closing note expressed that “there is a bright future ahead as long as both India and US walk the path together”.

Consul General Haas in his speech informed that they are working on defence co-operation and enhanced security for India and the US and that he was very happy to see all of the companies from India, which have invested in the US and the US companies, which have invested here in India, being recognized and awarded. Mr. Haas said:“I think it is wonderful that hundreds of thousands of Americans can say proudly that they work for Indian companies and hundreds of thousands of Indian can say proudly that they work for American companies”.

Commenting on the event, Nanik Rupani, Regional President, Indo-American Chamber of Commerce (IACC) said: “Our main aim is to promote trade and commerce between India and the United States and at the same time make our cultural bilateral ties stronger.” He also mentioned that special emphasis will be laid upon education, which is a key for the progress of any nation.

IACC works closely with the US Embassy and Consulate to expand the multi-faceted relations between India and US. In keeping with tradition, the US consulate had endorsed the program with several of the senior officials who were in attendance.

SAE Aerospace Conference and Exposition

August 17-18, 2012 - Anna University Campus, ChennaiIACC Aerospace & Defense Forum was the exclusive supporting partner of SAE Aerospace Conference held in Chennai on August 17-18, 2012 at Anna University Campus. SAE India is the largest chapter of SAE International outside of USA and is a “not for profit” engineering and scientific society dedicated to advancement of auto and aerospace sectors.This conference debated on the current state of the Aerospace Industry in India, its engineering imperatives and what the various opportunities within this sector pertaining to R&D, Industry Best Practices, Regulatory and Commercial Challenges. The speakers at this Conference were Dr. Bala Bharadvaj Boeing, Mr. Ashok Baweja HCL, Prof. Roddam Narasimha JNCASR, Dr. Satish Chandra NAL; Mr. N. R.Mohanty Textron; Mr. Vasanth Kini, Titanium Industries; Mr. Bejoy George, Axis Aerospace, Mr. Munirathnam, Assystems & others.

10

4444th AnnuAl RepoRt 2012 - 13

Mr. Rupani, Regional President, IACC-WIC presenting an appreciation memento to Maharashtra Chief Minister Shri Prithvi Raj Chavan for gracing the ceremony as the Chief Guest

Mr. Rupani presenting an appreciation memento to Shri Dilip Walse-Patil, Speaker of Maharashtra Legislative Assembly for attending the program as a Guest of Honour

Mr. Rupani presenting an appreciation memento to Guest of Honour US Consul General Peter Haas for gracing the awards program

CM Shri Chavan presented the award trophy to Mr. Sandip Sen (3rd from left), Global CEO of Aegis Limited for the Overall Best Indian Company in the US and Best Indian Company in the US in Innovation. Also present on the stage (from left to right) are Mr. S. M. Gupta, Global Chief People Officer, Aegis Limited, Mr. C. M. Sharma, Global Chief Finance Officer, Aegis Limited, Mr. Rupani and Ms. Rajyalakshmi Rao, Chairman, 9th I-ACE Awards 2013

CM Shri Chavan extended his heartfelt congratulations to the Award Winners in his closing note at the program

Guests interacting during the event

Celebrity Guest Prabhu Deva and the actor Girish Kumar from the upcoming movie Ramaiya Vastavaiya being honoured with flower bouquets at the Awards Ceremony

Program on “The Art of Self Defense” by Glen Levy

May 22, 2013 – MumbaiThe Indo-American Chamber of Commerce and Priyadarshni Academy held an interactive workshop on ‘The Art of Self Defense/Protection’ by leading Hollywood actor Glen Levy at the Indian Merchants Chamber Hall. The primary objective of the program was to teach people how to best defend themselves when faced with an adverse situation. The session laid emphasis on the safety and security of women and Glen personally pointed out specific techniques which women could use to defend themselves.

11

Mr. Rupani presenting a memento of appreciation to Mr. Glen Levy, Hollywood star and one of the leading martial artists

Program on Indo-US Relations with special address from US Ambassador

to India Nancy J PowellApril 15, 2013 - Mumbai

IACC organised a Welcome Reception for US Ambassador Nancy Powell along with Namaste America and Indo-American Society at Hotel Orchid, Mumbai.

Ms. Powell stated that the bilateral relations between India and US have grown substantially since 1995.She talked about the major joint initiatives that the US and Indian Government are working together on; the first of which is enhancement of existing bilateral relations.The second initiative Ms. Powell discussed was the issue of child survival and declared that both US and India together with the Ethiopian Ministry have urged other countries to ensure that every child in the world has a chance to make it to age five. Third initiative discussed was ‘security’. Both countries (US & India) have been targets of terrorism and have experienced the pain caused by it. She said that we need to work together in order to curb terrorism both globally and locally.

India also faces some enormous restraints particularly in terms of infrastructure. She added that U.S. collaboration with India in areas like defense, energy, climate change, financial services, and infrastructure will benefit India’s economy and further advance India’s ability to play a more important role in the South Asian region and around the globe.

Ambassador Powell emphasized on the value of working together stating that there were plenty of opportunities, despite some of the challenges. She acknowledged that the U.S.-India relationship from commercial ties to defense exercise and our growing education partnerships have never been stronger. Washington and New Delhi together serve as catalysts for growth and innovation. She closed her remarks by thanking everyone present and wishing them all success in their endeavors.

The event brought together many notable attendees including Dr. VithalKamat, Executive Chairman & Managing Director, Kamat Hotels (India) Limited, Mr. Satyapal Singh (IPS), Commissioner of Police, Mumbai and Mr. NarendraTrivedi, COO, Lilavati Hospital & Research Centre.

Ambassador Powell addressing the audience on the various joint initiatives that the US and Indian Government are working together on

Mr. NanikRupani presenting a memento of appreciation to Ambassador Powell on behalf of IACC, Namaste America and IAS

(From L to R) Ambassador Powell meeting and interacting with Mr. Satyapal Singh (IPS), Commissioner of Police and his wife Mrs. Singh

India Engineering Sourcing Show (IESS) 2013 supported by IACC

March 14-16, 2013 -MumbaiIACC supported the 2nd edition of India Engineering Sourcing Show (IESS) 2013 organized by the The Ministry of Commerce & Industry, Government of India at The Bombay Exhibition Center, Goregaon, Mumbai.

12


An IACC Official interacting with a delegate at the IACC Stall in the Exhibition Center

Twelve-Member U.S. Delegation of the “India Trade Mission 2013”

March 11, 2013 - MumbaiThe delegation came under the auspices of the Hudson County Chamber of Commerce, in partnership with the Jersey City Economic Development Corporation and Friends of India.The Trade Mission was designed to bolster investment and tourism, and strengthen trade and cultural relationships between Jersey City, Hudson County and India.

The group of senior delegates represented a broad spectrum of business and community leaders in a variety of sectors, such as technology, financial services/brokerage, real estate development/sustainable urban design, education, life sciences, pharma/bio technology, infrastructure development, warehousing and hospitality/tourism.

The event was very well attended and included representatives from Nehru Science Center, BNHS and MEDC among others. The delegates were able to interact and discuss future prospects with many of the distinguished attendees which would certainly strengthen Indo-Us bonds even further.

Leader of the delegation Ms. Daryl Rand, Chairman, Friends of India and President of Harrison Rand Advertising addressing the audience

IACC 2nd Power Breakfast Meeting of Series II with Mr. Gyan Nagpal, CEO and Principal, PeopleLENS Global Associates on the topic of ‘Talent

Economics: The Fine Line between Winnning and Losing the Global War’

March 7, 2013 – Mumbai

On March 7th, 2013 the IACC organized its 2nd Breakfast Meeting

Mr. Nagpal sharing his statistics on talent economics with the members

Networking Reception in honour of seven member delegation from the

University Professional & Continuing Education Association (UPCEA)

February 14, 2013 – MumbaiIACC hosted a seven-member delegation of U. S. educationists from the University Professional & Continuing Education Association (UPCEA) at The Cabbage Patch, Willingdon Sports Club, Mahalaxmi followed by Cocktails & Dinner.

The leader of the delegation was Mr. Thomas Gibbons – President of UPCEA.Representatives of leading educational institutions such as MIT (Pune), SNDT College for Women, H.R. college, I2IT and several others exchanged ideas and were able to interact with the foreign delegation. Mr. Gibbons was presented a memento by Mr. Rupani on behalf of IACC.

Mr. Thomas, Gibbons, Dean, Northwestern University and the President of UPCEA delegation was honored with a traditional Indian shawl by Mr. Nanik Rupani, President, IACC-WIC

The US delegates and the guests interacting over cocktails and dinner

13

IACC supported the Interactive workshop on “U.S. Immigration

Strategies: How to avoid costly mistakes and receive more approvals” organized

by VisaProFebruary 6, 2013 - Mumbai

Mr. Thomas Joy, U.S. based Immigration Attorney updating the attendees on immigration law and the Visa Processing in India

IACC 1st Power Breakfast Meeting with Mr. Prakash Iyer, Managing Director of

Kimberly Clark Lever Pvt. Ltd on the topic of ‘The Habit of Winning’

January 23, 2013 – Mumbai

Mr. Prakash Iyer sharing few excerpts from his recently published book titled “The Habit of Winning”

IACC Power Breakfast Meeting with Mr. Santosh Desai, MD & CEO - Future

Brands Ltd. on the topic of “the New India Story”

December 19, 2012 - Mumbai

Mr. Desai interacting with the Members

IACC Interactive Session on ‘B1/B2 Visa (Business and Tourism) and GSS (new visa processing system)’

December 5, 2012IACC in association with Nasscom & IMC organized an Interactive Session on ‘B1/B2 (Business and Tourism) and GSS (new visa processing system)’ with Mr. Ajay Rao, Vice Consul, U.S. Consulate General Mumbai at Walchand Hirachand Hall, 4th Floor, Indian Merchants Chamber (IMC), Mumbai.

Dr. L. S. Kanodia, Immediate Past President, IACC - WIC thanking Mr. Rao for delivering a very informative presentation on the US Visa

IACC Power Breakfast Meeting with Mr. Rahul Bose (Actor, Director & Social

Activist) on the topic of “Leadership – Practical and Workable

Principles of Leadership”November 22, 2012-Mumbai

Mr. Rahul Bose in dialogue and discussion with the members

14

4444th AnnuAl RepoRt 2012 - 13ACETECH 2012 (Architecture,

Construction, Engineering) organized by The Economic Times and supported

by IACCOctober 18 – 21, 2012, Bombay Exhibition Center

IACC supported ACETECH 2012 organised by Economic Times. The line of products put on exhibit here were extensive, ranging from bath and kitchen fittings, tiles and marbles, to water treatment systems, safety appliances and automation devices.

Attendees took part in the interactive business summit and trade discussions that were held during the event.

2nd Indo-U.S. Nuclear Energy Safety Summit organized by American Nuclear Society and Indian Nuclear Society and

supported by IACCOctober 11, 2012, IIT Powai

IACC supported 2nd Indo-US Nuclear Energy Safety Summit organised by American Nuclear Society and Indian Nuclear Society. The summit included 5 TRACKS for student, companies, public affairs, radiation training, and public awareness. The Summit also included the 3rd U.S. Nuclear Infrastructure Pavilion as well as an exhibition for Indian and international companies.

Dr. Alok Mishra (Deputy Director of Westinghouse) addresses the audience

IACC hosted its Power Breakfast Meeting with Dr. L.S. Kanodia, The

Founding CEO of TCS and the Chairman of Datamatics Global Services Ltd on the

topic of India’s Software Journey and the Future Ahead’October 11, 2012 - Mumbai

Dr. L. S. Kanodia presenting an overview to the attendees on India’s software journey and the road going forward

“Media & Entertainment Law Forum 2012” organized by the Legal Era and

supported by IACCOctober 6, 2012-Mumbai

Mr. Anand Desai (Extreme Left), Immediate Past National President, IACC & Managing Partner, DSK Legal moderating a session on copyright issues and their widespread impact, also present on the forum among other panelists is Mr. Lalit Bhasin (Second from Right), Regional President, IACC-NIC & President, Inter Pacific Bar Association(IPBA) & Society of Indian Law Firms(SILF)

IACC Power Breakfast Meeting with Mr. Shailendra Singh, Joint Managing

Director of Percept on the topic: Building “Brand India”

September 18, 2012 – Mumbai

Mr. Singh sharing his thoughts on building Brand India

Intellectual Property Rights (IPR) Conclave 2012- Supported by IACC-WIC

August 2, 2012 - Mumbai

Mr. Anand Desai, National President, IACC & Partner, DSK Legal speaks at the IPR 2012 Intellectual Property Rights (IPR) Conclave

15

IACC Power Breakfast Meeting with Dr. Bhaskar Das, President & Principal

Secretary to the Managing Director and a member of the Board in Bennett, Coleman & Co. on the topic: ‘Future of

News’.August 29, 2012 - Mumbai

IACC Committee Members thanking Dr. Bhaskar Das after his session

PUNE BRANCH

“National Seminar on Tax Deduction at Source (TDS)”

June 5, 2013 - PuneIndo American Chamber Of Commerce- Pune Branch supported “National Seminar on Tax Deduction at Source (TDS)” organized by ASSOCHAM at Hotel Sun N Sand, as the “Associate Partner”. This Seminar was organized to address the key issues on the various provisions and new developments relating to TDS to intricate various provisions of Tax Deduction at Source (TDS). Government Officials Shri R.K. Roye (I.R.S), Chief Commissioner of Income Tax, Pune & Shri Adarsh Kumar Modi, Commissioner of Income Tax – TDS, were amongst the Speakers at the Seminar.Besides the Chief Commissioner, Commissioner Income Tax & Director Income Tax the seminar was also addressed by the experts from the Industry / Tax profession.

“SME SUMMIT PUNE 2013” May 17 2013 - Pune

Indo American Chamber Of Commerce- Pune Branch supported the “SME SUMMIT PUNE 2013”, at Hotel Sun N Sand, as the “Associate Partner”. This Summit helped the SMEs gain knowledge and make sense of the technology landscape. At the event, technology companies directly engaged with the Senior Management Executives from SMEs. The event was an ideal platform for technology companies to effectively communicate the new SMB offerings, the awareness of which could yield business results for both parties.

(L-R) Mr. Prashant Pansare – Vice Chairman, IACC Pune, Mr. Rajeev Randive – President, Automotive Robotics, Mr. Anil Koul - AVP-Group IT, RSB Global, Mr. Anil Patwardhan Vice President, Hinjewadi Industries Association, Mr. Arjun Guha- General Manager, Tasty Bite Eatables, Mr. Rajiv P. Bhalerao Director-Operations, Dali & Samir Engineering

“Luncheon Meeting with Mr. Richard Saldanha”

May 11 2013 - PuneIndo American Chamber Of Commerce- Pune Branch organized a Luncheon Meeting with Mr. Richard Saldanha, Director of Blackstone Group, USA at Vivanta by Taj Hotel Blue Diamond, Pune. Mr. Saldanha, a graduate Mechanical Engineer, served Hindustan Lever & Unilever PLC with a distinction for 30 years. He is currently an Executive Director of Blackstone India.

On return to India, was Vice-President, Eastern India Council of the Indo-American Chamber of Commerce. This meeting served as informal interaction of IACC Members & Mr. Saldanha to understand the organizational capability, culture and competitiveness in India.

“Round Table Meeting with Ambassador Dnyaneshwar Mulay”

April 8, 2013 - PuneIACC Pune Branch organized a “Round Table Meeting with Ambassador Dynaneshwar Mulay”, Consul General, New York, USA (former High commissioner of India in Maldives) at Hotel Deccan Rendezvous where attendees interacted with Ambassador Mulay & discussed the potential business interests in India as well as in USA.

(L-R) :- Mr. Shalendra Porwal- Vice Chairman IACC Pune, Mr. Ranjjite Wanddricer- Chairman IACC Pune, Ambassador Dynaneshwar Mulay- Consul General, New York, USA, Mr. Prashant Pansare- Vice Chairman IACC Pune.

Ambassador Dyaneshwar Mulay with the Attendees of the Round Table Meeting.

16

4444th AnnuAl RepoRt 2012 - 13“TiEcon Pune 2013 – announcing

the Future” March 30 2013 - Pune

Indo American Chamber Of Commerce- Pune Branch supported the “TiEcon Pune 2013 – announcing the Future” at Grand Hyatt Pune, as the “Industry Partner”.

Speakers at the Event were Mr. Narayan Murthy- Founder Infosys, Mr. Mahesh Murthy founder Seedfund, Mr. Kishore Patil MD & CEO, KPIT Cummins, Mr. Abhijit Pawar, MD, Sakal Media Group. This full day event served as a great platform for emerging Entrepreneurs to meet the Industry Leaders. It explored the innovative and disruptive business models that can scale in future. It also presented the entrepreneurs with business models that are strikingly different from their competition.

“Annual Fellowship Nite”March 15, 2013 - Pune

The Indo-American Chamber of Commerce (IACC), Pune Branch, celebrated its ‘Annual Fellowship Nite’ at J W Marriott Pune. The event served as an ideal platform for networking and brand building with the Corporate heads, Entrepreneurs and important members from the government.

Highlight of the evening was the Video Address & Live Interaction with Indo American Chamber of Commerce of Greater Houston, Greater Houston Partnership & Greater Houston Mayor’s Office. IACC of GH President Pankaj Dhume, President elect Sanjay Ram and Executive Director Jagdip Ahluwalia shared an introductory video with resource partners Matthew Shailer from the Houston Mayor’s office and Genaro Peña & Jensen Shen from the Greater Houston Partnership. The video about “Why invest in Houston and how we can help potential investors” was played at the AFN and the panel from Houston made themselves available for the event to address the audience in Pune India.

The event was attended by several leaders from the Pune industry representing Allscripts India Pvt. Ltd, Autodesk India Pvt. Ltd., Larsen & Toubro Limited, Abhi Impact Logistics, Battelle India, E&Y Pvt. Ltd, Deccan Industrial Explosives Pvt. Ltd., SNS Technologies, Voith Industrial Services India Pvt Ltd, Mahindra Special Services Group, Onward Technologies, Q Logic India Pvt. Ltd., Vansum Industries, Yash Engineers, Kirtane and Pandit, Universal Construction, Synergy Emulsifuels Pvt. Ltd, etc to name a few.The event was sponsored by Panchshil Realty.

IACC Pune Chairman, Mr. Ranjjite Wanddricer delivering Welcome Speech

Houston team for Live Interaction with IACC Pune

(L-R) Jensen Shen, Director, Asia, Australia and Oceania, Greater Houston Partnership, Genaro J. Peña, VP - Int’l Investment & Trade, Greater Houston Partnership, Jagdip Ahluwalia, Executive Director, IACCGH, Pankaj Dhume, President- IACCGH, Sanjay Ramabhadran, President Elect, IACCGH, Matthew T. Shailer, Special Assistant to the Mayor, International Trade & Development, Mayor’s Office, City of Houston

Audience at the Video Address

“Power Breakfast Session on Transformation- People, Process, Productivity”

January 30, 2012 - PuneThe “Power Breakfast Session” was conducted on Wednesday January 30, 2012and was supported by Citibank, NA.The topic for the Sessionwas “Transformation- People, Process and Productivity”& presented by Mr. Sandeep Barve, Co-Founder, In-Unison Pvt. Ltd, a research based Transformation Company.Through his presentation, Mr. Barve introduced transformation concepts; techniques into actionable strategies helping companies overcome barriers and achieve long term sustainable growth.

Mr. Barve and attendents at the session..

With Best Compliments From

Hexaware Technologies LimitedBldg. 152, Sector-III, Millennium Business Park, ‘A’ Block,

TTC Industrial Area, Mahape, Navi Mumbai – 400710, India. Tel: +91-22-41599595 Website: www.hexaware.com

18

4444th AnnuAl RepoRt 2012 - 13 “ICICI Bank CEO Knowledge Forum”

January 24 2013 - PuneIndo American Chamber of Commerce, Pune Branch supported “ICICI Bank CEO Knowledge Forum” as the “Industry Partner”. The event was held at Hotel Le Meridien, Pune.

The program was an evening round-table conference for 60-70 CEOs followed by cocktail and dinner. It was held with the purpose to discuss topics of critical interests to the CEOs and dwell upon the different needs of SMEs.

Panel Discussion on Addressing Challenges Faced By SMEs Panelists 3rd from Left- Mr. Prashant Pansare, Vice Chairman, IACC Pune Chapter & 2nd from right - Mr Shekhar Agharkar, Past Chairman IACC Pune.Other Panelists were Mr. C.L.Chavan, Chairman, DCCIA Pune, Mr Anant Sardeshmukh, Director General, MCCIA Pune, Mr. Narendra Barhate, MD & CEO, SEED Infotech Ltd, Mr. Praveen Trivedi, Zonal Head, SMEAG, ICICI Bank

Attendees at the Session. The program was an evening round-table conference for 60-70 CEOs

“Presentation on Business & Work Visas to the United States & GSS- the new Visa processing System”

December 13, 2012 - PuneIndo American Chamber of Commerce, Pune & the US Consulate General, Mumbai conducted a program for presentation on Business & Work Visas to the United States & GSS- the new visa processing System at Moolgaonkar Auditorium, MCCIA Trade Towers. Attendees of the Session were Members of IACC and BEP Companies. Mr. Beau Miller, Vice Consul at US Consulate, Mumbai addressed the session.

Mr. Beau Miller, Vice Consul US Consulate, Mumbai during the presentation.

IACC Pune Branch Chairman - Mr. Ranjjite Wanddricer is felicitating Mr. Beau Miller.

“Presentation on Student Visas to the United States”

December 13, 2012 - PuneIndo American Chamber of Commerce, Pune & the US Consulate General, Mumbai conducted a program for presentation on Student Visas to the United States on Thursday at Bhartiya Vidya Bhavan Auditorium, SB Rd.Mr. Beau Miller, Vice Consul at US Consulate, Mumbai addressed aspiring students of various Institutions.


Students Attendees for the Session.

19

“Presentation on Student & B1/B2 Visas to the United States”

December 13, 2012 - PuneIndo American Chamber of Commerce, Pune & the US Consulate General, Mumbai conducted a program for Presentation Student & B1/B2 Visas to the United States at Ness Wadia College of Commerce. Mr. Beau Miller, Vice Consul at US Consulate, Mumbai addressed aspiring students of various Institutions.


Post Event Interactions.

Innovation@Breakfast” Session – 11 on “Visual Thinking as an Innovation Tool”

October 23, 2012 - PuneInnovation@Breakfast conducted the 11th Session of the Series at Hotel Deccan Rendezvous, Pune. The topic for the Sessionsupported by Citibank, NA was “Visual Thinking as an Innovation Tool”, & presented by Mr. Dhruv Agarwal & Mr. Kush Agarwal.The session was an interactive Session and revolved around Innovation which requires creativity, imagination and design thinking, and visual thinking techniques as an essential tool for that kind of work.

Mr. Kush Agarwal is an Airline Pilot with Jet Airways.

Mr. Dhruv Agarwal, Director at Autopress India Pvt. Ltd & is a ThinkBuzan Licensed Instructor for Mind Map®s.

Gujarat Branch

Sister City- Ahmedabad & USAJuly 18 2013 - Hotel Inder Residency, Ahmedabad

Indo- American Chamber of Commerce (IACC) - Gujarat organized a breakfast meeting on “Sister City- Ahmedabad & USA” by Hon’ble Mayor Smt. Meenaxi Patel at Hotel Inder Residency, Ahmedabad. Smt. Meenaxi Patel explained that, a sister city occurs when two cities or towns agree to share a cultural or commercial connection. Also known as twinning towns,here the local school and/or chamber of commerce programs are designed to foster international communication and cooperation. Sister city partnerships have the potential to carry out the widest possible diversity of activities of any international program, including every type of municipal, business, professional, educational and cultural exchange or project. Sister city programs are also unique in that they inherently involve the three main sectors in a community: local government, businesses, and a wide variety of citizen volunteers.Chairman Mr. Mihir Joshi said that we are planning to propose Sister City partnership between Ahmedabad and Houston.

Citibank was sponsor of this programme. Event was extensively covered in print and digital media.

(L to R) Smt. Meenaxi Patel- Mayor, AMC; Ms. Krishna Isarani- Branch Secretary, IACC, Mr. MihirJoshi- Chairman, IACC

20


Chairman Mr. Mihir Joshi giving vote of thanks

Mayor Smt. Meenaxi Patel and IACC council members.

International Trade – “Letter of Credit”April 22 2013 - Hotel President Ahmedabad

Indo-American Chamber of Commerce (IACC) Gujarat Branch organized an Interactive Training Session on “International Trade – “Letter of Credit” by Mr. K Subramanian- CEO, NBC.

The session focused on various aspects of an L/c like : Contract between buyers & sellers, L/c Applicator, L/C advised, L/c issued, Documents, Reimbursements , Payment, etc. He also explained the types of L/c in details-Revocable L/c, Irrevocable L/c, Confirmed L/c, Sight & Usance L/c, Transferable L/c and Back to Back L/c.

Engrossed audience during the programme

Mr. Mihir Joshi- Chairman IACC Mr. K Subramanian, CEO NBC, during addressing the programme the session

B1/B2 Visa (Business and Tourism) & GSS (New Visa Processing System)

April 9 2013 - The Pride Hotel , AhmedabadIndo- American Chamber of Commerce (IACC) in coordination with the U.S Consulate General of Mumbai harmonized a programme on “B1/B2 Visa (Business and Tourism) & GSS (New Visa Processing System)” presided by Ms. Marissa Smith, Vice Consul, US Consulate General Mumbai.

Mr. Pankaj Bohra, Sr. Vice Chairman- IACC, introduced Ms. Marissa Smith- Vice Consul who said that the increasing business relations between the two countries require people to travel and work from the USA and it is therefore important to understand the requirements and pre-requisites for these categories of Visas. During the session, through the presentation on ‘B1/B2 Visa (Business and Tourism) & GSS (New Visa Processing System) she gave updates on B1/B2 Visarequirements & GSS system to obtain visa.

She also explained in brief about GSS- Global Support Strategy, the new system support services for nonimmigrant and immigrant visa operations at United States consulates and embassies abroad. Standardized application process, Simplified fee payment and appointment scheduling.Ms. Smith emphasize that this is not exclusive to India but a Global change in the visa application process.

Interactive session in progress- B1 & B2 Visa and GSS New Visa process

21

Mr. Pankaj Bohra- Sr. Vice Chairman welcomes Ms. Marissa Smith

Mr. Himanshu Vyas honored with Chairman’s AWARD in AAHOA

March 26 - 29 2013 - George R. Brown Convention Center in Houston, Texas.

Mr. Himanshu Vyas, (Past Chairman, IACC Gujarat Branch & National EC Member) was specially invited to attend and was awarded Chairman’s awardat AAHOA Annual Convention & Trade Show on 26th March- 29th March, 2013 at the George R. Brown Convention Center in Houston, Texas.AAHOA recognized Mr. Himanshu Vyas for his key support and help whenever they visit India. Apart from attending the AAHOA Trade Show Mr. Vyas also had successful meeting with former US secretary Colin Powell and PepsiCo Chairman & CEO Indra K. Nooyi.

The Asian American Hotel Owners Association (AAHOA) is the voice of owners in the hospitality industry and is now one of the fastest-growing organizations in the industry.

Mr. Himanshu Vyas receiving the Chairman’s Award from the AAHOA past Chairman Mr. Alkesh Patel

Mr. Himanshu Vyas with Chairman & CEO of Pepsi Co Ms. Indra Nooyi

Mr.Himanshu Vyas with former US Secretary Mr. Colin Powell

“Business Scenario in Gujarat”January 12 2013 - Hotel Cambay, Gandhinagar

IACC Gujarat Branch organized a high impact meeting on “Business Scenario in Gujarat” at Hotel Cambay, Gandhinagar. The meeting was attended by Mr. Peter Hass-Consul General, U.S. Consulate General Mumbai;Ms. Judy Reinke-Minister Counselor for Commercial Affairs, Delhi, Mr. Martin Claessens-Commercial Officer, U.S. Commercial Service, Mumbai, Mr. Shourya Mandal-National President, IACC, Mr. Mihir Joshi-Chairman, IACC Gujarat Branch and other Council members of Gujarat Branch.

Chairman Mr. Mihir Joshi and other council members of Gujarat branch explained the “Business Scenario of Gujarat” in various sectors like Renewable energy, Information Technology, Solar energy, education, Infrastructures etc. Consulate Officials were happy to learn about vibrant progress of Gujarat and role of IACC to support the same.

Ms. Judy Reinke explained the role of the consulate and commercial department were like Helping SME’s, upgrading technologies, Licences, Protect USA trade, Develop Indian Investment in USA. Mr. Martin Claessens also explained about Select USA and International Buyers programme. CG Mr. Haas also gave information about offset machine parts and smart cities. Mr. Shourya Mandal- President IACC suggested that US can be an anchor company for DMIC. During the discussion US consulate officials praised the IACC booth at the “6th Vibrant Gujarat Global Trade Shows 2013”.

L TO R: Mr. Martin Claessens-Commercial Officer; Mr. Peter Hass-Consul General; Ms. Judy Reinke-Minister Counselor; Mr. Shourya Mandal- National President IACC with Gujarat branch council members.

22


National President Mr. Shourya Mandal addressing the Meeting.

Mr. Peter Hass- CG, US Consulate & Mr. Mihir Joshi- Chairman during the lighter moment

VIBRANT GUJARAT 2013January 8 - 13 2013, - Mahatma Mandir, Gandhinagar

Indo-American Chamber of Commerce, Gujarat Branch had the pleasure of associating with Government of Gujarat for “The 6thVibrant Gujarat Global Investors Summit 2013” which was held at Mahatma Mandir, Gandhinagar, Gujarat. IACC had its own BOOTH at Country & State Pavilion in the International wing. The Event was attended by 1,800 foreign delegates from 105 countries and 50,000 delegates from 22 states and appox. 17,700 MoUs were signed.

The exhibitors showcased their products and service innovations from key sectors such as engineering and automobiles, oil and gas, energy and power, chemical and petrochemical, financial services, agro and food processing, IT & ITeS, textiles and tourism. Many players from emerging sectors such as environmental technology, green renewable energy and SME sectors also showcased their strength at the Global Trade Show. The focus of the summit was Knowledge-based industry and micro & medium enterprises.

IACC offered a platform to US based Companies to develop their business through technical tie-ups and business collaboration at “The 6thVibrant Gujarat Global Investors Summit 2013”.To mark the occasion IACC came out with a “Vibrant IACC Souvenir 2013” which also served as an ideal source of reference point & guide for the delegates & everyone who had keen interest.

The IACC Booth was visited by Chief Minister Mr. Narendra Modi on the 8th Jan 2013 during Vibrant Exhibition Inauguration. Booth was also visited by Council General Mr. Peter Haas, Minster Counselor for Commercial Affairs, Ms. Judy Reinke, Mr.Martin Claessens-Commercial Officer, US. CommercialService, Mumbai& Mr. Shourya Mandal- National President, IACC, in the following days during Vibrant-13. Booth was also visited by think-tanks, academia, industrialists and government officials.

Gujarat Chief Minister Mr. Narendra Modi being welcomed by Branch Secretary Ms. Krishna Israni at IACC booth in Vibrant Gujarat

L to R- Ms. Judy Reinke-Minister Counselor; Mr. Peter Hass-Consul General; Ms. Krishna Israni-IACC; Mr. Martin Claessens-Commercial Officer; in IACC Booth at Vibrant Gujarat 2013

Mr. Shourya Mandal-National President, Visited IACC boot at Vibrant Gujarat 2013.

MLA Shri. Anil Patel at IACC booth

23

IACC Chairman Mr. Mihir Joshi at IACC Booth in Vibrant Gujarat 2013.

SME SUMMIT-2012December 14, 2012 - Cambay Grand, Ahmedabad

Indo American Chamber of Commerce was associate partner to the SME Summit organized by the Silicon India at Cambay Grand in Ahmedabad which helps to foster relations with local business leaders.

This SME Summit helped participants learn how to set up and grow a business, as well as business practices that lead to success. The conference was a platform for SMEs to showcase their expertise, interact with colleagues and experts, along with learning about new opportunities to be explored.

Two enthralling panel discussions and three individual sessions formed the power packed agenda of the summit. The panel discussion on “A New Business Technology Paradigm:The New Promise of Information Technology!” under the surveillance of Mr. Mihir Joshi, Chairman, IACC gave a wide spectrum of knowledge on why and how technology should be adapted into your business. Other speakers were Yatindra R Sharma-MD, KHS Machinery; Ashutosh Shukla-MD, Aerotherm Products; Vishad Rahangdale-CIO, Electrotherm spoke extensively about technology. Another discussion on the “The Changing Role of CFOs in SMEs!” touched on the significant role of CFo in an organization. Experts opinions were presented on“SME Summit Ahmedabad is a platform for the SME Owners to turn ideas into profitable ones”.

IACC Chairman Mr.Mihir Joshi addressing the SME Summit 2012

Engrossed audience during the session

“VCCircle Ahmedabad Investment Forum 2012”

November 29, 2012 - the Pride Hotel, AhmedabadIndo-American Chamber of Commerce (IACC) Gujarat Branch joint as the Industry Partner to the programme “VCCircle Ahmedabad Investment Forum 2012” Which was organized by VCCircle at The Pride Hotel, Ahmedabad between 9.30 am to 5.30 pm.

The 2nd edition of VCCircle’s Ahmedabad Investment Forum which featured the best of Gujarat Inc., comprised CEOs of Gujarat’s top and emerging companies, highly successful entrepreneurs and the biggest investors across the country. The fireside chats and panels covered key areas such as the leading sectors for entrepreneurship in Gujarat, and what it takes to raise private equity, venture capital and angel funding by Chairman Mihir Joshi was very informative.

(LtoR)Mihir Joshi–Chairman, IACC; Prof. B H Jajoo-Former Dean, IIMA; Vishal Mehta - CEO, Infibeam; Rajiv Sharma - CEO, Sterling Addlife; Asit Shah - MD, Metro Wireless

ELS India Fall Recruitment Tour 2012International Delegation

September 25 2012 - Courtyard Marriott, AhmedabadThe delegation of 11 US Universities that formed the “ELS India Fall Recruitment Tour 2012 International Delegation” was in Ahmedabad. The IACC Indo US Education Forum supported this delegation and provided a platform for IACC members to explore opportunities to partner with US universities. IACC Gujarat Branch organized meetings for its members from education sector during the Education fair.

The universities that took part in this Education fair were Adelphi University, Lewis University, UAFS, University of Cincinnati, Texas Tech University, and Saint Joseph’s University. The focus

24

4444th AnnuAl RepoRt 2012 - 13of the delegation was to meet students for university sign-ups who are looking at travelling to the US for further studies and meet managements of Indian educational institutions to explore collaboration opportunities.

\

(L TO R) : Mr. Kirtan Jani (Maximum International), Ms. Krishna Israni( IACC), Mr. Martin Claessens (USCS), Mr. Sundharam (ELS), Mr. Swaminathan Ramakrishnan (ELS) and Mr. Narendra Patel (Nirman Corporation)

Social Media to Leverage B2B Enterprises

August 24, 2012 - Ahmedabad Indo- American Chamber of Commerce (IACC) in coordination with Prabhavya Interactive organized a Breakfast Meeting on “Leveraging Social Media for B2B Enterprises”, at Ahmedabad Management Association, ATIRA Campus, Ahmedabad.

“The Social Media are becoming popular day by day and we all are getting addicted to them and to combine B2B with Social Media we have organized this programme,” said by Ms Krishna Israni, Branch Secretary, IACC, Gujarat at the beginning of the session.

Mr. Sunil Kakkad, Chairman IACC Gujarat Branch said, “360 millions are suffering from facebook syndromes, 750 twittes per seconds, 31 billion people are Google searcher, 161 billion LinkedIn users across the 200 country- this is the power of social media. Market not only belongs to who offer good quality but it also belongs to people who can communicate because, All are listening,”

Aakash Srivastava, the Founder, Prabhavya Interactive explained, “We firmly believe that an active and optimized social media presence is critical for B2B players given that B2B sales are primarily relationship driven. A well planned and executed social media strategy can help shorten the purchase cycle for products and services in this segment which tend to be more complex and costly than in the consumer segment. In the next 3-5 years, we expect social media in the B2B market to go from the least used customer engagement tactic to the second, surpassed only by face-to-face interaction.”

L to R- Mr. Aakash Srivastava- Founder, Prabhavya, Ms. Krishna Israni- Branch Secretary, IACC, Mr. Sunil Kakkad, Chairman IACC

Mr. Aakash Srivastava giving the presentation

“Business Visa to the United States” August 14, 2012 - Hotel Pride, Ahmedabad

Indo-American Chamber of Commerce in co-ordination with the U.S. Consulate General Mumbai organized a programme on ‘Business Visas to the United States’ at Hotel Pride.

Mr. Sunil Kakkad, Chairman- IACC, said that USA is India’s 3rd largest trading partner, and bilateral trade between USA and India in the year 2011 was 86 million dollar. He also said, for doing any business in USA the most important thing is VISA. Mr. Evan Morrisey- is a Foreign Service officer assigned to the U.S. Consulate General, Mumbai, where he has lived and worked for the past 1.5 years.

Mr. Morrisey said that the increasing business relations between the two countries require people to travel and work from the USA and it is therefore important to understand the requirements and pre-requisites for these categories of Visas. During this session, through the presentation on ‘Business Visas to the United States’ he gave updates on Business Visa and requirements to obtain this visa. He also cleared the misconceptions about Business visa.

Audience listening with the great interest

Mr. Evan Morrisey, Vice Consul, US Consulate General Mumbai,giving presentation

26


Mr. Suvas Barot-GM, Creative Infocity Ltd. (sponsor) welcomes Mr. Evan Morrisey Mr. Evan Morrisey & Mr Sunil Kakkad discussing Business Visa.

SOUTH INDIA COUNCIL

TAMIL NADU BRANCH

“Tour of U.S. Visa Processing Centres” July 12, 2013 - Chennai

IACC (TN) organized Tour of ‘U.S. Visa Centers’ for the benefit of Members. The objective is to walkthrough the actual U.S. process & procedures while applying U.S. visas.

It also provided an opportunity for the representatives to interact with the visa officers and clarify their queries.

“Meet Success First Hand” Chennai

The Indo-American Chamber of Commerce (Tamil Nadu) invites a leading first-generation entrepreneur to share his/her successful entrepreneurial experiences with our members at the signature event “MEET SUCCESS FIRST HAND”.

June 18, 2013: Speaker-Mr. B. V. Ramanan, Chairman & Managing Director, Livia Polymer Bottles Pvt Ltd. being presented a memento by C. Suresh Reddy, Vice-Chairman IACC(TN).

April 16, 2013: Speaker - Mr. S. V. Veerramani, Chairman & Managing Director, Fourrts (India) Laboratories Pvt Ltd. addressing the gathering.

February 19, 2013: Speaker-Mr. P. N. Vasudevan, Managing Director, Equitas Holdings Pvt Ltd. answering a query from the audience.

December 18, 2012: Speaker-Mr. C.K. Kumaravel, Co-Founder, Naturals Salon & Spa sharing his road map to success with the audience.

27

October 16, 2012: Speaker- Mr. K. Srinivasan, Managing Director, Prime International Pvt Ltd. being presented a memento by T. N. Venkatanarayanan, Chairman.

“Workshop on American-Cross Cultural Skills”

July 25, 2013 - ChennaiJune 24, 2013 - CoimbatoreMarch 21, 2013 - Chennai

IACC(TN) organised a one day “Workshop on American-Cross Cultural Training” in Coimbatore & Chennai. The session was Informative, interactive and useful to bridge the gap with their clients in the U.S.

The key take away includes

• Learning about the business communication style of the American culture

• Understanding the expectations of American stakeholders

• Building rapport when dealing with stakeholders and

• Positioning key ideas in a manner that they would like to hear it

Participants at the workshop.

Interactive Session on B1/B2 (Business and Tourism)and GSS (new visa

processing system):

IACC – TN Branch organised Interactive Session onB1/B2 (Business and Tourism) and GSS (new visa processing system) at Chennai and various other Tier-2 Cities. The objective of this session is to update IACC members on the new U.S Visa procedures and elaborated on the various types of visas. The session was very informative for the business communities in Tamil Nadu & Puducherry.

January 11, 2013, Madurai. Mr. Nicholas Manring, Chief of Consular Services, U.S Consulate General, Chennai addressing the gathering.

December 7, 2012, Coimbatore. Ms. Susan Dunathan, Vice-Consul, U.S Consulate General, Chennai addressing the gathering.

November 6, 2012, Chennai. Mr. Michael Cathey, Deputy Consular Chief , U.S. Consulate General, Chennai answering the queries received from the audience. (L-R) Mr. T. N. Venkatanarayanan, Chairman and Mr.C. Suresh Reddy, Vice-Chairman, IACC (TN)

September 10, 2012, Puducherry. Ms. Abigail Aronson, Country Coordinator for Fraud Prevention Programmes, U.S. Consulate General Chennai replying for a query from the audience. (L-R) Ms. Sujatha Ravishanker, Branch Secretary IACC TN, Mr. Ajay Viramani and Ms. Halima Voyles .

28

4444th AnnuAl RepoRt 2012 - 13IACC supported RENERGY 2013, -

International Conference and Expo on Renewable Energy organised by Tamil Nadu Energy Development

Authority (TEDA) May 9-11, 2013 - Chennai

Ms. Sujatha Ravishanker, Branch Secretary, IACC-TN along with the delegates from San Luis, Argentina at IACC stall.

Seminar on “Evolving Business Opportunities in Indo-US Trade”,

April 12, 2013 - CoimbatoreIACC-TN in association with U.S. Commercial Service and EEPC India organized a Seminar on “Evolving Business opportunities in Indo-US Trade” in Coimbatore. Ms. Jennifer A McIntyre, US Consul General, Chennai inaugurated and delivered the Chief Guest address. Mr. A. Sakthivel, President, Tirupur Exporters’ Association was the keynote speaker.

The technical session includes:

• Presentation on SELECT USA and brief on U.S. business visas by Mr. Christopher Rose, Chief of Non-Immigrant Visas, U.S. Consulate General, Chennai.

• Session on Legal aspects of Doing Business in U.S.A. by Mr. H. Jayesh, Co-Founder and Partner, Juris Corp, Mumbai

• Presentation on M & A in the Indo-U.S. Corridor – Opportunities and Considerations by Mr. T.N. Giridhar, Managing Director & CEO, Lincoln International Advisors Pvt Ltd, Mumbai

• Session on U.S. Exim Financing by Ms. Mala Sampat, Advisor & Consultant, PNC Bank, USA

• Presentation on Trade Shows in USA by Mr. V. Narayanan, Senior Manager, ITPO- Chennai

• Case Study presentation on the Corporate journey in the making of success by M/s. L.G. Balakrishnan & Bros and M/s. Roots Industries Ltd

(L-R) Mr. K. Ramasamy, Executive Chairman & MD, Roots Group, Coimbatore, Mr. C. Suresh Reddy, Vice-Chairman, IACC (TN),Ms. Jennifer A McIntyre, U.S. Consul General in Chennai, Mr. T.N. Venkatanarayanan, Chairman, IACC (TN) and Mr. A. Sakthivel, President, Tirupur Exporters’ Association

Session on U.S. Exim Financing by Ms. Mala Sampat

A section of the delegates at the event

Roundtable Discussion on “Rethinking Marketing:

The Entrepreneurial Imperative” March 20, 2013, Chennai

IACC-TN in association with U.S. Consulate General, Chennai and the Tamil Nadu Entrepreneur Development Institute (EDI) organized the roundtable discussion on “Rethinking Marketing: The Entrepreneurial Imperative”. The discussion was led by Dr. Minet Schindehutte, Associate Professor of entrepreneurship at Syracuse University’s Martin J. Whitman School of Management with a brief presentation on how to think differently.The session was highly interactive and thought provoking.

Dr. Minet Schindehutte addressing the gathering.

A section of the audience at the event.

29

IACC supports: “Marketing in the New Millennium” by Dr. Philip Kotler

March 12, 2013 - ChennaiIACC-TN supported a meeting with Dr. Philip Kotler on Marketing in the New Millennium organized by Great Lakes Institute of Management in Chennai.

Mr. Preetam Alex, Events Manager, IACC (TN) at the IACC stall.

“Post Budget Analysis Meeting” March 8, 2013 - Chennai:

IACC (TN) organized a Post Budget Analysis Meeting. The speakers & their topics at the session includes:

• An overview of the Indian economy by Mr. R. Anand, Partner-Tax & Markets, E & Y P Ltd

• Session on Direct Taxes by Mr. V. Niranjan, Advocate, Madras High Court.

• Presentation on Indirect Taxes by Mr. B. Sriram, Executive Director, Indirect Taxes, PwC Pvt Ltd

Finally Mr. K. Vaitheeswaran,Chief Executive, K. Vaitheeswaran & Co summed up and gave the concluding remarks. The meeting was well attended by the members and the Q&A session was very interactive.

A section of the audience.

(L-R) Mr. K. Vaitheeswaran, Mr. V. Niranjan, Mr. R. Anand, Mr. T.N. Venkatanarayanan, Mr. B. Sriram and Mr. C. Suresh Reddy

“Doing Business in Louisiana” February 15, 2013 - Chennai

IACC-TN in association with Louisiana Economic Development organized a Roundtable Discussion on “Doing Business in Louisiana” in Chennai. Mr. Gowri Shankar, Venture Partner, Naya Ventures and Mr. V Manoj, Vice President, MCA Management Consultants explained their partnership with LED. A detailed presentation on the various incentives offered to IT/ITES sector was presented by Mr. Josh Fleig, Director, Louisiana Economic Development.

(L-R) Mr. Gowri Shankar, Mr. T.N Venkatanarayanan, Mr. Josh Fleig and Mr. V Manoj.

Special address by Mr. Josh Fleig.

Roundtable Discussion on “Foreign Corrupt Practices Act (FCPA)”

February 6, 2013 - ChennaiA discussion on “Foreign Corrupt Practices Act (FCPA) was organised by IACC (TN) with Pepper Hamilton as Knowledge Partner. Mr.James D. Rosener, Partner and Chair of Pepper Hamilton’s International Practice presented an overview on the liability issues under U.S Laws. Ms.Valérie Demont, Partner and Chair of Pepper Hamilton’s U.S. – India Practice elaborated on the trends under the FCPA.

The presentation was followed by a Panel Discussion moderated by Mr. N. V. Srinivasan, Chairperson, Indo-US SME Forum, IACC. Other panel members include:

• Mr. Devakumar Ramamoorthy, Head-Legal, Verizon Data Services India Private Limited and

• Mr. Srinath Sridevan, Partner, HSB Partners.

The panel members posing along with office bearers of IACC.

30


Mr. James D. Rosener, Partner and Chair of Pepper Hamilton addressing the gathering.

Luncheon Meeting in honour of the U.S. Multi Sector Trade Mission

February 4, 2013 - ChennaiA luncheon meeting was hosted by Indo-American Chamber of Commerce (TN) in honor of the visiting U.S Multi Sector Trade Mission delegation in Chennai. The delegation was led by Ms. Jude Reinka, Senior Commercial Officer, U.S Embassy -New Delhi.

U.S Multi Sector delegates along with the Office bearers of IACC- Tamil Nadu Branch and U.S Consulate officials.

Ms. Jude Reinka, Senior Commercial Officer, U.S Embassy -New Delhi addressing the gathering.

Two of the Trade Mission members taking back their pleasant memories with IACC.

IACC supports “RENERGY COIMBATORE 2013- International Conference & Expo on Renewable

Energy”January 23- 26, 2013 - Coimbatore

IACC-TN Branch supported and participated in RENERGY COIMBATORE 2013, an International Conference and Expo on Renewable Energy Chennai which was jointly organized by CODISSIA - The Coimbatore District Small Industries Association and Tamil Nadu Energy Development Agency (TEDA), Govt. of Tamil Nadu.

Ms. Sujatha Ravishanker, Branch Secretary, IACC-TN explaining a visitor on IACC activities and services.

Interactive Session with Chennai Port Trust Officials

December 4, 2012 - ChennaiIACC-TN conducted an Interactive session with Chennai Port Trust Officials at Conference Hall, Chennai Port Trust, Chennai. Mr. P.C. Parida, Dy. Chairman, Chennai Port Trust formally welcomed the gathering. Mr. N. Vaiyapuri, Traffic Manager, Chennai Port Trust highlighted in his remarks on the various services offered by the Chennai Port Trust and its expansion plans.

During Q & A session members raised queries/issues while exporting their products through Chennai Port. The Officials responded favorably to most of the queries and also assured appropriate action wherever required. The session was followed by a brief tour to Container Terminals – I & II.

(L-R) Mr. T.N.Venkatanarayanan, Chairman, IACC-TN is being greeted by Mr. Atulya Mishra, I.A.S, Chairman, Chennai Port Trust at his office

Chennai Port Trust officials explaining IACC Members about the Dock Operations.

31

IACC -TN Members’ Networking MeetNovember 23, 2012 - Chennai

IACC(TN) conducted its Members Networking Dinner meet providing a platform for members to interact and network with each other. One of the highlights in this meeting was recognition of all Past Chairpersons of the Branch and honored them with a memento.

Ms. Jennifer McIntyre, U.S. Consul General in Chennai presenting a memento to Mr. Chella K Srinivasan, (Chairperson 1998-99). Also seen Mr. T.N Venkatanarayanan, Chairman, IACC-TN

Breakfast meeting in honor of the visiting delegation of

the U.S Architecture Services Trade Mission to India

October 15, 2012 - Chennai

Talk on Overview of Architecture Scenario in India by Padma Shri C.N. Raghavendran, Partner, C.R.Narayana Rao Architects & Engineers . Also seen (L-R) Ms. Jude Reinka, Senior Commercial Officer, U.S. Embassy -New Delhi, Mr. T.N. Venkatanarayanan Chairman, IACC (TN) and Mr. R. Murari ,Senior Attorney

Interactive session on “Compete and grow, globally”

October 8, 2012, Chennai:IACC – TN Branch in partnership with Microsoft & Nokia organized an Interactive session on Compete and grow, globally. Ms. Jennifer A McIntyre, US Consul General, Chennai inaugurated and delivered the Chief Guest address.

Mr. Sunil Singh, Senior Consul-Sai Krishna & Associates presented on Unfair Competitions Act. Mr. Anish Roy, Regional Head-NOKIA Business Enterprises & Mr. Ashish Uchil, Business development Manager-Microsoft Corporation presented onCompeting and growing globally using the right technology.

Ms. Jennifer A McIntyre , US Consul General, Chennai addressing the gathering. Also seen (L-R) Mr.T.N. Venkatanarayanan, Chairman and Mr.C. Suresh Reddy Vice-Chairman, IACC – Tamil Nadu

Knowledge Series -2nd Edition on “Currency Fluctuations-its present

trends and implications” September 26, 2012 - Chennai

The Tamil Nadu branch organized a discussion on “Currency Fluctuation, its present trends and implications”. Mr. Kevin Simon, Regional CBC South, Citibank was the Guest speaker.

Mr. T. N. Venkatanarayanan, Vice Chairman IACC (TN) presenting a memento to Mr. Kevin Simon.

Interactive Session on “Paradigm Shift in Taxation of Service under the

Negative List approach and its impact” August 17, 2012, Madurai:

Mr. Amit Sarkar, Associate Director-In Direct Tax, Ernst & Young Pvt Ltd, is addressing the gathering.

32

4444th AnnuAl RepoRt 2012 - 13Colloquium on “Technology Enabled Design & Innovation for Sustainable

Manufacturing”August 8, 2012 - Chennai

IACC – TN Branch in partnership with AUTODESK organized a Colloquium “Technology Enabled Design & Innovation for Sustainable Manufacturing. Mr. James Golsen, Principal Commercial Officer, U.S. Consulate General, Chennai gave the Chief Guest address. The Keynote address was delivered by Mr. Subu D Subramanian, MD and CEO of Defiance Technologies Ltd.

A presentation on Digital Prototyping Solutions was given by Mr. Prabakar Murugappan, Director-Mechanical, Autodesk followed by a panel discussion.

Other panel members took part in the discussion includes:

• Mr. Avneesh Saksena, Centre Head - Chennai, Larsen & Toubro Ltd –IES ( Moderator)

• Mr. N.V. Venkatsubramanian, CEO, Audco India Ltd

• Mr. B. Venkat Subramaniam, Executive Director - Product

Planning, Ashok Leyland Ltd

• Dr. M. Ramanathan, Assistant Professor - Dept. of Engineering

Design, IIT Madras

• Mr. Shivakumar Kandaswamy, Executive Vice-President & CTO,

Zylog Systems Ltd

Panel members (R-L): Mr. B. Venkat Subramaniam, Mr. N.V. Venkatsubramanian, Mr. Avneesh Saksena, Mr.Prabakar Murugappan, Dr. M. Ramanathan and Mr. Shivakumar Kandaswamy

A section of the audience at the event.

KERALA BRANCH

Peace Through ServiceMay 18 2013 - Cochin

IACC-Kerala Branch supported and participated in the program titled

‘Peace Through Service’ organized by the Rotary Club along with the District Administration and Kerala Police on 18th May,2013 at Kochi.

International Seminar and Business Summit under the theme ‘Fostering Global Business:Making

Deals:Resolving DisputesMay 16-18,2013 – Hotel Le Meridien, Kochi

IACC-Kerala was an Associate Partner for the International Seminar and Business Summit under the theme ‘Fostering Global Business:making Deals:Resolving Disputes’ organized by the India International ADR Association in Cochin from May 16-18,2013.

The Seminar was inaugurated by Mr. Justice Madan B. Lokur, Judge, Supreme Court of India. Chief Minister of Kerala, Shri. Oommen Chandy was the Chief Guest during the inaugural function.The speakers included: Nadja Alexander - Prof. & Director of the International Institute of Conflict Engagement & Resolution(IICER),Hong Kong, Irena Vanekova-Executive Director, International Mediation Institute, The Hague, Delcy Lagones D Anglim Leader, Advanced Mediator & Nationally Accredited Mediator, Australia, Andy Soh, Senior Counsel, GE, Italy.

The Summit was attended by various commercial entities who are potential stake-holders in India’s International trade. The Summit also highlighted the specific areas of Investments, Health, Tourism, Infrastructure, Education, Defence, focusing on scope for business growth.

Seminar on Indirect Taxes – Budgetary Changes 2013, Current Issues &

ChallengesMarch 23 2013 - Mercy Hotel,Kochi

IACC-Kerala , The Cochin Chamber of Commerce and Industry , Cochin chapters of Institute of Cost Accountants of India, Institute of Company Secretaries of India and Geojit BNP Paribas jointly conducted a One Day Seminar on Indirect Taxes; Budgetary Changes 2013, Current Issues and Challenges, on Saturday,23rd March, 2013, at the Mercy Hotel,M.G.Road,Ernakulam.

Mr.Vijay Narayan Govind, Committee Member CCCI and IACC-Kerala, delivered the welcome address. The speakers were introduced to the audience by Mr K.Jayan, Chairman ICSI,Cochin Chapter.

The speakers for the Seminar were Mr.G.Sivadass and Mr.P.M.Prabhakaran of Lakshmi Kumar & Sridharan, Attorneys ,Bangalore. The Seminar dealt with the Service Tax regime, Customs and Excise Duty changes etc. in the light of Union Budget 2013-14. With the introduction of the Negative List based Service Tax regime, a number of changes have been introduced with effect from July 1, 2012. These changes were re looked including the provisions and their compliance aspects. There were sessions which discussed the various aspects such as Levy Mechanism, Removal procedures, CENVAT Credit Rules, SSI Exemptions and other exemptions, Job work principles, Audit, Demand and Penalties etc.

The Sessions at the Seminar helped the delegates to understand the various concepts of Customs Duty like levy, taxable event, components of Custom Duties, Import Valuation with procedure, SEZ and Warehousing, Exemptions from Custom Duty, Export Valuation/Export procedure, Refund/Demand/Remission/Abatements, Duty Drawback, Demand and Penalties, Appeals and the like for proper compliance with the Rules. Delegates at the Seminar also had ample

34

4444th AnnuAl RepoRt 2012 - 13opportunity to clear their doubts/seek clarifications from the expert faculty.

Mr.C.S.Padmanabhan , Secretary ,ICAI proposed the vote of thanks.

A section of the audience at Seminar on Indirect Taxation

Speaker Mr.P.M.Prabhakaran of Lakshmi Kumar & Sridharan, Attorneys ,Bangalore.

Mr.G.Sivadass of Lakshmi Kumar & Sridharan, Attorneys ,Bangalore making the presentation

Seminar on “Doing Business with USA’March 22 2013 - The Avenue Regent Hotel, Kochi

Indo-American Chamber of Commerce-Kerala organized a Seminar on ‘Doing Business with USA and U.S. Business Compliances’ on 22nd March,2013 in Cochin. The speakers at the seminar were Mr. Khozema Anajwalla, Sr. Partner and Mr. Vaibhav Manek-Partner, KNAV-International Accountants & Business Advisors, Mumbai.

Indo-US Business has been growing steadily in the recent years. The United States offers a relatively open business environment. It is very easy to start a business or to conduct commerce in the USA. There are, however, some restrictions that apply and many hazards to avoid. Keeping in view the emerging opportunities in the Indo-US business spectrum IACC tried to create a platform to help companies explore these opportunities as well as better access to the US market.

Chairman IACC-Kerala, Dr. Prakash Chandran, welcomed the participants and introduced the speakers at the meeting. The speakers made presentation ranging from road map to USA, structural options for planning the entry into USA. Business plan, Acquisitions in USA,US GAAP accounting, Transfer pricing, US tax review and planning for compliances.

The event was well attended by senior industry officials. The presentation was followed by interactive Q&A Session.

IACC-Kerala Chairman Dr. Prakash Chandran welcoming the participants. On his (R ) Mr. Khozema Anajwalla and (L) Mr. Vaibhav Manek

A Section of the Audience

Mr. Vaibhav Manek-Partner–KNAV-International Accountants and Business Advisors-Mumbai making the presentation on the Seminar organised by IACC-Kerala on ‘Doing Business with USA’ at Cochin on 22nd March,2013

SME Summit 2013February 27 2013 – The Avenue Regent Hotel, Kochi

IACC-Kerala was Associate Partner to the program on ‘ SME Summit 2013’ organised by Silicon India on 27th Feb.2013 at Hotel Avenue Regent, Cochin. This was a closed-door invite – only for CEOs of best-run business of the region.

The summit helped to foster relations with local business leaders and participants to learn how to set up and grow a business, as well as business practices that lead to success. The Summit was a platform for SMEs to showcase their expertise, interact with colleagues and experts, along with learning about new opportunities to be explored.

There were two panel discussions on ‘Leveraging Information Technology & Innovation for SMEs Growth and How SMEs can Balance Wealth and Risk Management. The Session was attended by members of IACC also.

35

Panel Discussion on Leveraging Information Technology & Innovation for SMEs Growth

A Section of the Audience

Panel Discussion onHow SMEs can Balance Wealth and Risk Management

Presentation of ‘Certificate of Appreciation Award’ to IACC-Kerala by

the U.S. Commercial ServiceFebruary 5 2013 – Hotel Le Meridien, Kochi

At a function held in Cochin on 5th Feb.,2013, in honor of the visiting delegation of the U.S. Multi Sector Trade Mission, U.S Commercial Service has facilitated IACC-Kerala with a Certificate of Appreciation Award “for the valuable contribution and outstanding support extended toward U.S -India Trade”

The Certificate was presented by Ms. Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy New Delhi to Dr. Prakash Chandran, Chairman ,IACC-Kerala.

Cochin Corporation Deputy Mayor, Smt. Bhadra B. and Principal Commercial Officer, U.S. Consulate, Chennai, Mr. James Golsen were also present on the occasion.

Dr. Prakash Chandran, Chairman, IACC-Kerala receiving the Certificate of Appreciation Award presented to IACC-Kerala by the U.S. Commercial Service “for the valuable contribution and outstanding support extended toward U.S -India Trade” from Ms. Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy New Delhi, Cochin Corporation Deputy Mayor, Smt. Bhadra B., Principal Commercial Officer, U.S. Consulate, Chennai, Mr. James Golsen are also seen in the photo.

Interactive Session on U.S. Visa Procedures by the U.S.

Consulate,ChennaiDecember 11 2012 - Infopark, Kochi

Indo-American Chamber of Commerce, Kerala branch in association with Infopark-Kochi organized an interactive session on U.S. Visa Procedures on 11th December,2012 at the Infopark-Kochi.

The Session was addressed by officials from the U.S.Consulate,Chennai, Ms.Heather M. Smith and Mr.Mark W. Zanolli.The session covered topics on types of visas, how to approach, issues on rejection and acceptance, how to attend interviews etc. The Session was attended by members of IACC and Infopark.

During the presentation, Mr. Mark W. Zanolli, said that the US visa applicants will no longer have to wait for hours outside the consulate, thanks to a new system implemented in Consulates across the country.

He also added that, the new Global Support Strategy (GSS) programme, that they had implemented recently, succeeded in simplifying the process of applying for an US visa in India. He explained the different types of visa and the do’s and don’ts when applying for visa and visa interviews. The CEO of Infopark, Mr. Gigo Joseph welcomed the gathering and the Chairman of IACC-Kerala, Dr. Prakash Chandran gave the vote of thanks.

U.S. Consulate,Chennai officials Ms. Heather M. Smith and Mr. Mark W. Zanolli at the Interactive Session ‘on US Visa Procedures’ organized by the IACC-Kerala and Infopark at the Infopark Hall in Kochi on 11th Dec,2012.

Also seen are: Dr. Prakash Chandran-Chairman,IACC-Kerala (L) & Mr. Gigo Joseph, CEO, Infopark (R )

36


A section of the Audience

IACC-Kerala Chairman Dr. Prakash Chandran giving the welcome speech

Interactive Session on ‘ U.S. Visa’by the U.S. Consulate, Chennai

December 6 2012 – P.V. Memorial Hall, CalicutIndo-American Chamber of Commerce, Kerala branch organized an interactive session on US Visa jointly with The Malabar Chamber of Commerce on 6th December,2012 at the PV Memorial Hall at Calicut. The Session was conducted by Consular Officials from the U.S. Consulate, Chennai, Mr. Gaetan W. Damberg-Ott and Mr. Benjamin Dembury.

In the recent times U.S. Business/Work Visa policies and procedures, that have undergone immense transformation. Keeping in mind members’ interest, IACC-Kerala organized this session that covered all aspects concerning US business visa. Participating members were given an opportunity to discuss issues and seek clarifications in this matter, which they found very useful.

While making his presentation, Mr. Damberg-Ott said that the new Global Support Strategy(GSS) programme, that they had implemented, succeeded in simplifying the process of applying for an U.S. visa in India. He also said that over 40 percent of the L1 visas and nearly 75 percent of the H1B visas, which are the two main types of work visas given out by America, went to people from India.He also added that India had the most to gain from the US simplifying its visa procedures as most of the work visas given out by the country went to Indians.The session was attended by around 40 members/Non-Members. IACC-Kerala Branch Chairman, Dr. Prakash Chandran welcomed the gathering and Mr. Alok Kumar Saboo, President of The Malabar Chamber of Commerce gave the vote of thanks

Interactive Session with U.S. Consul General & Other Officials

September 13 2012 – Hotel Abad Plaza, KochiIndo-American Chamber of Commerce organised an Interactive

discussion meet with the Consul General and other officials of the U.S. Consulate, Chennai. on 13th Sept.,2012 at Kochi.

Consul General,-Ms. Jennifer McIntyre, Commercial Counselor – Ms. Margaret Hanson Muse, Principal Commercial Officer-Mr. James Golsen and other officials of the U.S. Commercial service interacted with the members of the Chamber. Mr. P.K. Koshy, Past Chairman ,IACC-Kerala welcomed the gathering and Mr. K. Nandakumar, CEO, SunTec Business Solutions & a member of IACC-Kerala, proposed the vote of thanks.

Ms. Jennifer McIntyre-Consul General-U.S. Consulate, Chennai interacting with IACC members. On the Dias (L-R) Mr. K. Nandakumar, Ms. Margaret Hanson-Muse-Commercial Counselor, Ms. Jennifer McIntyre-Consul General-U.S. Consulate, Chennai and Mr. P.K. Koshy-Past Chairman-IACC-Kerala

Mr. P.K. Koshy, past Chairman, IACC-Kerala welcoming the members

Ms. Margaret Hanson Muse, addressing the members

37

KARNATAKA BRANCH

Seminar on “The Madrid System of International Registration of

Trade Marks” July 26, 2013- Bangalore

Indo American Chamber of Commerce organized a successful seminar on “The Madrid System of International Registration of Trade Marks” at the Club Lounge, Select J.P. Cosmos, Off Cunningham Road, Bangalore on July 26, 2013.

Through this seminar, Dr. Ravindran made the people aware that the Madrid system for the international registration of marks is administered by the International Bureau of WIPO located in Geneva, Switzerland and it offers a trademark owner the possibility to have his/ her trademark protected in several countries by simply filing one application directly with his own national or regional trademark office. He also informed the participants that Madrid system of International Registration is single window provided by WIPO (International Body- World Intellectual Property Organization) under which a single Trademark Application may be filed seeking trademark protection in more than one Country.

Dr. Sudhir Ravindran, Attorney, Solicitor (England & Wales), Altacit Global addressing the audience

Funding Bio InnovationJuly 05, 2013 - The Chancery Pavilion, Bangalore

With a view to bring funding and bio fraternities together on a single platform, to enable interaction and to create networking opportunities, and also to move to the next step by ‘connecting’ through a Virtual Help Desk, Indo American Chamber of Commerce, organized an event, themed on – ‘Funding Bio Innovation’, at the Chancery Pavilion, on July 05, 2013.

Dr. Anand Iyer, CEO, Agila Biotech P Ltd– a Strides Enterprise Addressing the Keynote

Chairman of the Indo-American Chamber of Commerce – Karnataka, Mr. V Srinivasan, announced that they were going to set up Business Accelerators (in this particular case, the Bio Accelerator) to facilitate

their members. The endeavor is to create a 360 deg facilitation assistance, across all facets of Industry – be it, marketing, funding, JVs, scaling up et al. Going one step forward, they are also setting up an Innovation Club, where members could post Business queries on matters pertaining to ‘achievement bottlenecks’ to their business visions and so on, which will be brainstormed by a student and Industry panel separately, before coming on to a discussion platform of possible ‘out of the box’ solutions.

These are a slew of measures that IACC is introducing, in order to do its bit, in boosting Industry and Trade between Karnataka and the US.

Panelists: Dr. Sudhir Nambiar, MD of Astra Zeneca; Dr. Mohammed Oufattole, MD of Monsanto; Dr. Pradip Majumdar, MD of Mitra Biotech; Mr. Daniel Anand, Partner of Accel Ventures and Mr. Samir Kumar, MD of Inventus Capital & Moderator: Dr. Anand Anadkumar, CEO of Cellworks

The Funding Bio Innovation event was extremely well attended by both – the Bio and the Funding communities. Dr. Anand Iyer, CEO of Agila Biotech outlined the measures needed to boost Biotech, which is among the rapidly growing sectors in the world today. Two interesting sessions were addressed by Dr. Haja Kadarmideen, Professor at University of Copenhagen, Denmark and Dr. Asoke K Talukder, Co-Founder & CSO of InterpretOmics India Pvt Ltd. A panel discussion that was moderated by Dr. Anand Anadkumar, CEO of Cellworks, had Dr. Sudhir Nambiar, MD of Astra Zeneca; Dr. Mohammed Oufattole, MD of Monsanto; Dr. Pradip Majumdar, MD of Mitra Biotech; Mr. Daniel Anand, Partner of Accel Ventures and Mr. Samir Kumar, MD of Inventus Capital, giving their views on the reasons for paucity of fund flow into the Bio sector and steps to increase funding interest in this segment.

The intent of a Bio Accelerator, Mr. Prahalad Achutharao, CEO of Interpretomics, who drives the Bio initiative for IACC, said, ebbed out of these discussions; and moving forward, he said that they would be incorporating several of the views that were presented in this event, in their Accelerator model.

Vendor Development & Technology Show 2013

June 6 – 8, 2013 - Bangalore International Exhibition Centre (BIEC), Bangalore

Indo American Chamber of Commerce, Karnataka Branch in association with Peenya Industries Association (PIA) organized ‘Vendor Development & Technology Show 2013’. The show was Co-organized by Department of Industries and Commerce, Government of Karnataka from June 6 to June 8, 2013 at the Bangalore International Exhibition Centre (BIEC). The event was inaugurated at the hands of Shri K.H. Muniyappa, Hon’ble Minister of State for

38

4444th AnnuAl RepoRt 2012 - 13MSME (Independent Charge), Govt of India and Shri Prakash Hukkeri, Hon’ble Minister for Small Scale Industries, Muzrai & Sugar was the Chief Guest.

The event attracted participation of about 100 to 150 exhibitors with participation from public sector organizations, defense establishments, major automobile and engineering giants, R & D Institutions, Technology Providers, International Trade and Business Organizations etc. IACC also participated as an exhibitor. 1000 delegates showed up at the show. It was an excellent platform for manufacturing sector to showcase their strengths & capabilities and explore partnering opportunities, acquiring newer supply sources and to adopt new manufacturing technologies.

Mr. Vasanth Kini, Country Head- India of Pierce-Spafford Metals and National Executive Council member of IACC presented a session in the event with a subject on ‘Raw Material Supply Chain for Aerospace & Defense Precision Engineering’.

Mr. Vasanth Kini, Country Head- India of Pierce-Spafford Metals and NEC member of IACC presenting a session

Session on Doing Business with the US & Visa Presentation

May 21, 2013 – Hubli &May 23, 2013 – BangaloreA session on Doing Business with the US & Visa Presentation was organized at The Hans Hotel, Hubli on May 21, 2013 and at the Club Lounge Fortune, Select J.P. Cosmos, Off Cunningham Road, Bangalore on May 23, 2013. Mr. V Srinivasan, Director of SJS Enterprises and Chairman of IACC Karnataka Chapter introduced and welcomed the speakers, Ms. Jennifer McIntyre, U.S. Consul General, Chennai, Mr. James Golsen, Commercial Consul and Principal Commercial Officer, South India and Mr. Shiraj Wahaj, Consul Officer, Chennai.

Ms. Jennifer McIntyre, U.S. Consul General, Chennai delivering the keynote address

Mr. James Golsen spoke on the topic, “Doing Business with the US” and made the audience aware about the different aspects and issues in doing business with the US. Through this session Mr. Shiraj Wahajexplained the different steps to apply for a U.S. Visa. The sessions were very interactive. The speakers were very open to hear the concerns and questions of the audience and answering to their each question.

Workshop on Cross Border Culture- Working with the US

April 30, 2013 – BangaloreIACC- Karnataka came up with a successful session on ‘Cross Border Culture- Working with the US’ at the Grand Galaxy, Select J.P. Cosmos, Off Cunningham Road, Bangalore on April 30, 2013. The speaker, Mr. Vinay Kumar, Principal Consultant, C2C Consulting Pvt Ltd explored the key differences in business and social culture between the US and India. The objective of the workshop was to generate some best practices to navigate through the differences and create value and success.

He focused at some of the major challenges and areas that need to be considered in making an Indo-US business partnership a success.Mr. Vinay ushered the audience about culture, its types and complexity with a help of cultural iceberg diagram. Through a series of short exercises and discussions, participants investigated and explored their cultural identities as well as the roots of the “cultural” influences – from childhood upbringing, key events in their lives, people who influenced them and cultural belonging.

Mr. Vinay Kumar, Principal Consultant, C2C Consulting Pvt Ltd addressing the audience

Session on Cross Border EntrepreneurshipApril 16, 2013 – Bangalore

IACC- Karnataka organized a successful session on ‘Cross Border Entrepreneurship’ on April 16, 2013, where Prof. Shivaram Malavalli, Chairman and Managing Director of eHealth Technology Business Incubator presented on the Innovation Led Entrepreneurship with a special reference to Cross Border Entrepreneurship. The objective of the event was to help innovative, commercial and global product ideas move beyond the concept phase, create a global network of people, funds and resources and make it accessible to all entrepreneurs of Indian origin, curate and mentor ideas and help them be found by investment capital and encourage execution through global teams- increasing cross border collaboration.

39

Mr. M N Vidyashankar, IAS, Principal Secretary to the Government, Departments of Industry & Commerce, Karnataka AND Prof. Pankaj Chandra, Director of IIM Bangalore

Panelists: Mr. Wido Menhardt, CEO of Philips Innovation, Mr. Gopichand Katragadda, MD – Jack Welch Technology Centre of GE, Mr. Ranjan Malik, Founder Director of Erewohn Innovation Consulting and Mr. Vijay Anand, Vice President of Intuit & Moderator: Mr. Rishikesha Krishnan, Professor, IIM-B

Session on Doing Business in LouisianaFebruary 13, 2013 - Bangalore

A session on ‘Doing Business in Louisiana’ aimed to highlight the various issues related to establishing a business in Louisiana. It also included the different aspects related to the taxation in Louisiana. The speakers for the session were Mr. Josh Fleig, Director, Louisiana Economic Development (LED), Mr. Gowri Shankar, Venture Partner, Naya Ventures and Mr. V Manoj, Vice President, MCA.

IACC Team with the Speakers

Mangalore India Bio 2013February 4- 6, 2013- The Lalit Ashok, Bangalore

IACC- Karnataka, in association with MM Activ organized the Bangalore India Bio event, which was held under the theme ‘Biotech for a better tomorrow’ concluded on a high and encouraging note. The event brought together global leaders from the life sciences sector to meet, attend lively panel discussions and Round table conferences. Issues like India’ s Challenges in being the Global Biotech Hub, Biosimilars Guidelines, Regenerative medicine, Bioinformatics and Agribiotechnology to herald India’ s second Green revolution; were some of the hot topics of discussion over the 3-day conference.

The Event consisted of 22 Sessions with 110 Speakers, 878 Delegates, 372 B2B meetings and participation of over 500 0rganisations. The Bangalore India Bio awards was sponsored by IACC- Karnataka.

Prof. Shivaram Malavalli, Chairman and MD of eHealth Technology Business Incubator presenting his session

Session on Analysis of the Union Budget 2013

March 05, 2013- BangaloreThe session on Analysis of the Union Budget 2013 was well received and attended by participants. In this session, Mr. Abhishek Goenka, Partner and Ms. Jayashree Parthasarathy, Director of BMR Advisors focused on Direct and Indirect Tax proposals in Budget 2013-14 and the impact on the Economy. They gave complete precision analysis and razor sharp insights on the Union Budget 2013. An outlook on various sectors was provided through a study of the macro-economic indicators and current developments in the country.

Mr. Sanjeev Gulati, Sr. VP Finance, Infinite Computer Solutions India Pvt Ltd& IACC Karnataka Branch Committee Member, Mr. Abhishek Goenka, Partner, BMR Advisors, Ms. Jayashree Parthasarathy, Director, BMR Advisors and Mr. Vasanth Kini, MD of Titanium Industries & EC Member of IACC

Local Innovation - The Key to Globalization

March 01, 2013- The Chancery Pavilion, BangaloreIACC- Karnataka, under the leadership of Mr. Srinivasan, Chairman of IACC- Karnataka Chapter, gave a clarion call for Innovation in MSME sector in its flagship event on Innovation, themed ‘Local Innovation – Key to Globalization’, held at the Chancery Pavilion, on March 01, 2013. With Bangalore having, emerged as an Innovation hub, for global companies, and major multinationals, setting up global R & D centers here, IACC believes that every MSME should take the cue and invest into innovation, especially – frugal, jugaad, flexible and disruptive Innovation. Indian teams are at the core of most of the innovation that has gone into globally launched new products. Products created by and for third world markets are flowing upstream back to the developed economies. 200 Industries participated in the event.

Mr. M N Vidyashankar, IAS, Principal Secretary to the Government, Departments of Industry & Commerce, Karnataka, was the Chief Guest for the event. The key note was addressed by Prof. Pankaj Chandra, Director of IIM Bangalore. The event comprised eminent panelists – Mr. Wido Menhardt, CEO of Philips Innovation, Mr. Gopichand Katragadda, MD – Jack Welch Technology Centre of GE, Mr. Ranjan Malik, Founder Director of Erewohn Innovation Consulting and Mr. Vijay Anand, Vice President of Intuit and Mr. Rishikesha Krishnan, a Professor at IIMB and doyen in Innovation, moderated an engaging Panel Discussion lasting an hour. The event moved on with sessions by Mr. Prasanth Sakhamuri, Managing Director of HHV, Mr. Sanjay Handu, Director at TE Connectivity and Mr. Rahul Panicker, Co-founder and President of Embrace Innovations.

40


IACC supports 5th Intellectual Property Rights Conference - Global IP

Conference 2013 in BangaloreJanuary 23- 30, 2013- The Lalit Ashok, Bangalore

The 8-days Conference on Intellectual Property rights was supported by IACC- Karnataka. It was the biggest event on IPR. More than 300 international speakers and 28 countries participated in the event. Representatives from EPO, USPTO, JPO and WIPO joined for the event. It was an excellent opportunity for Business Development in India. Mr. Prahalad Achutharao, Founder and CEO of InterpretOmics, India and Managing Committee member/Head-Biotech cluster at IACC, Karnataka, delivered vote of thanks at the event.

Mr. Prahalad Achutharao, Committee Member & Head of Biotech cluster at IACC, Karnataka, delivering vote of thanks

Industrial Visit of Marymount University Business School Students

January 02, 2013&January 04, 2013 - BangaloreIACC- Karnataka organized an industrial visit of Marymount University Business School Students’ on January 02, 2013 at SJS Enterprises Pvt Ltd & Laguna Clothing Pvt Ltd and on January 04, 2013 at ASM Technologies Ltd & Datascribe Technologies Inc.

The name of the course for which the students visited India was, “Global Business Experience - Doing business with India”. The students are studying the intricacies involved in Global trade. The purpose of their visit was to expand their knowledge of what it would take to do business between USA and India.

Mr. V. Srinivasan, Chairman of IACC- Karnataka & Director of SJS Enterprises Pvt Ltd, Mr. Sudhir Reddy, Branch Secretary of IACC- Karnataka with the students and faculty of Marymount University Business School

IACC – Tree-Athon 2012December 15, 2012 - Bangalore

Tree-Athon 2012 turned out to be a great event, held on December 15, 2012at the Turahalli forest in Kanakapura Road, Bangalore. ACS Chief of the Consulate of US in Chennai, Ms Bonnie Long, participated in the occasion. Also, an NGO – Karunalaya, brought more than

50 kids to participate in the same. Besides distributing gifts to the children, IACC helped raise funds for the kids of the NGO.

Ms. Bonnie Long, Consul, U.S. Consulate General, Chennai at the IACC- Tree-Athon

Kids from the Karunalaya, receiving Gifts from Ms. Bonnie Long,Consul, U.S. Consulate General, Chennai

ACC- Curtain Raiser to the Tree-Athon December 14, 2012 - Bangalore

IACC- Karnataka organized its get-together and networking evening, as a curtain raiser to the Tree-Athon, on December 14, 2102 at the ITC Windsor, Bangalore. Mr. Vinay Luthra, IFS, Addl. Principal Chief Conservator of Forests, Karnataka, invited as the Chief Guest, graced the event.

Mr. Vinay Luthra, IFS, Addl. Principal Chief Conservator of Forests, Karnataka graced the event

Felicitation of the ‘Unsung Heroes of Karnataka’ was received with a thunderous applause. IACC felicitated Mr. Shekhar Naik, captain of the Indian Blind World Cup Cricket team; Mr. G K Vishwanath, the country’s top ranked Table Tennis player; Dr. Ajay G V, a Table Tennis

41

player; Dr. Ajay, pursuing his MD in Oncology; Mr. Praveen Ranka, a martial arts exponent; Mr. C R Sathyanarayana, a photographer par excellence; Mr. Suresh Moona, who has researched and chronicled the heritage of Bangalore, like no one else; Mr. Vibish Sivakumar, who made his debut into Hollywood cinema, by an brief acting stint in Life of Pi. ASM Technologies Ltd., headed by our Sr. Vice Chairman – Mr. Rabindra Srikantan, was awarded the country’s Best Exporter – Services (Small), at the ECGC – Dun & Bradstreet Indian Exporters’ Excellence Awards 2012. Interpret Omics P Ltd., a Bio-analytics company, founded by Mr. Prahalad Achuthrao, who leads the Bio initiative on the IACC committee, was awarded the Indian Leadership Award fro Industrial Development, by the All India Achievers Foundation.

Enthralled Performance by Afro Indian Drummers. Participants Enjoying at Djembes!. The stage was then set for some celebrative and ‘unwinding’ mode. As the Afro Indian Drummers of Drumevents took centre stage, the guests at the event witnessed a Djembe extravaganza!

A Session on Talent Management - Myths & Insights

October 19, 2012 - BangaloreA session on ‘Talent Management’ was organized by IACC- Karnataka on Friday, October 19, 2012. The event was a great success and it was extremely well received by the participants. Mr. Ramesh Dasary, Consultant and Founder of Improwise focused on the various kinds of myths related to talent management.

Mr. Ramesh Dasary, Consultant and Founder, Improwise addressing the audience

Seminar on Business Visa and Changes to the Visa Application Process

September 13, 2012 - BangaloreMr. Christopher S. Rose, Non-Immigrant Visa Chief, American Consulate General, Chennai addressed the ‘US Business Visa’ seminar in Bangalore on September 13, 2012. Through this seminar, IACC aimed to highlight the issues related to business visa. It also included the different aspects related to the changes to the visa application process.

Mr. Christopher S. Rose, Non-Immigrant Visa Chief, American Consulate General, Chennai addressing the seminar

Interactive Session on Board Practices and Law- Directors Perspective

September 14, 2012 - Fortune Select J.P. Cosmos, BangaloreIACC- Karnataka organized a successful Company Law session with Mr. M.R. Gopinath, Company Secretary. This seminar was a platform where the audience gathered to ponder upon the different aspects related to Board practices and law.

Mr. M.R. Gopinath, Company Secretary Bangalore delivering his speech

ANDHRA PRADESH

237th American Independence DayJuly 2, 2013 - Marigold Hotel - Greenlands, Hyderabad

Andhra Pradesh celebrated the 237th American Independence Day on Thursday, 2nd July’13 at Marigold by Green Park, Greenlands, Hyderabad.Consul General, Katherine S. Dhanani from US Consulate, Hyderabad was the Guest of Honour on the occasion and Andhra Pradesh Government cabinet Minister for Information Technology and Communication, Shri Ponnala Lakshmaiah was the Chief Guest. Event was attended by the IACC members with their families and other special invitees over cocktails and dinner. The event was attended by approximately 250 guests.

Ravi VishnuIACC – A.P – Vice Chairman addressing the guests

R. B. V. V. N. Raju IACC Chairman giving the welcome address

42


R. B. V. V. N. Raju presenting memento to Katherine S. Dhanani IACC A.P Branch Celebrations 237th AID 2013 at Marigold Hotel and Mr. R.B.V.V.N. Raju(IACC Chairman) handover the memento to U.S. Counsulate General of USA – Ms. Katherine Dhanani

Chief Guest Ponnala Lakshmaiah addressing the gathering DSC_2968 - IACC A.P Branch Celebrations 237th AID 2013 at Marigold Hotel and addressing the Shri. Ponnala Lakshmaiah – Hon’ble Minister for IT, Govt. of A.P.

Luncheon Meeting with Principle Commercial Officer (South)

May 15, 2013 IACC, AP Branch hosted a Luncheon Meeting for the visiting Principle Commercial Officer (South), US Commercial ¬Service, Mr. James Golsen at Marigold by Green Park, Greenlands, Hyderabad. He was accompanied by Katherine S. Dhanani, Consul General and Travis Coberly, Economic Affairs Associate from the Consulate. Committee members and Past Chairmen of Andhra Pradesh branch participated on this occasion.

(L-R) (Back row)-Satish Gudaru, Committee member IACC-AP, Travis Coberly, Economic Affairs Associate, US Consulate, Anand Reddy, Past Chairman IACC-

AP, James Golsen, Principle Commercial Officer, US Commercial Service, Ravi Vishnu, Vice Chairman IACC-AP, (Front row) - Aditya Margam, Committee member IACC-AP, Wg. Cdr. A. B. Bhushan, Past Chairman, IACC-AP, Katherine S. Dhanani, R. B. V. V. N. Raju, Chairman IACC-AP, Kannatt Surendran, Vice Chairman IACC-AP, Chandrajit Narra, Committee member IACC-AP, Satya Prabha, Commercial Assistant, US Commercial Service

IACC A.P. Branch Mr. Kannatt Surendran (Vice Chairman) arranged lunch on meeting – group photograph

A.P. Branch Mr. Kannatt Surendran (Vice Chairman) arranged lunch on meeting U.S. Counsulate General of USA team, IACC Committee members and Past Chairmen.

“IACC ROUND TABLE MEET - AVIATION”

December 3, 2012 - Marriott Hotel, Hyderabad

IACC Andhra Pradesh organized an IACC-Round Table Meet at Hyderabad Marriott on the occasion of a visit by Ms. Susan Kurland, Assistant Secretary for Aviation and International Affairs, United States Department of Transportation to Hyderabad with her colleagues from United States Department of Transportation. The meeting was attended by top management officials from Aviation and Aerospace industry.

43

IACC A.P Branch organized round table meeting with Ms. Susan Kurland (Assistant Secretary for Aviation and International Affairs.)

IACC A.P Branch organized round table meeting with Ms. Katherine Dhanani - U.S. Counsulate General and IACC Members

IACC A.P Branch organized round table meeting with Ms. Katherine Dhanani - U.S. Counsulate General and Ms. Susan Kurland (Assistant Secretary for Aviation and International Affairs.)

ACC INITIATION MEETOctober 16, 2012Novotel-Varun Beach, Vizag

IACC Andhra Pradesh Branch initiated its operations at Vizag at NOVOTEL VARUN BEACH, Visakhapatnam.

Consul General, Katherine S. Dhanani and other US Consulate staff attended the Meet.

Vizag city Police Commissioner, Sri J. Purnachandra Rao, IPS was invited as the Chief Guest. Invitees included the Corporate bodies, Academic professionals and Port officials. 110 guests attended the event.

Also, held its 1st Branch Committee Meeting (Handing over/Taking over) and 1stSIC Meeting (Handing over/Taking over) Andhra Pradesh Branch the same day in the morning at 10:30am followed by the 1ST SIC Meeting and Luncheon. The meeting was attended by IACC-SIC members from Tamil Nadu, Karnataka and Andhra Pradesh.

IACC A.P Branch Initiation Meet at Vizag. Address by Shri. J. Purnachandra Rao (IPS)

IACC A.P Branch Initiation Meet at Vizag. Address by Mr. Ravi Vishnu (IACC – A.P – Vice Chairman)

IACC A.P Branch Initiation Meet at Vizag. Shri. J. Purnachandra Rao (IPS) met Mr. R.B.V.V.N. Raju (IACC Chairman) and Mr. Ravi Vishnu (Vice Chairman)

44


Jewellery ShowJuly 17, 2013 - ACSA

Under the aegis of NIC Fashion & Lifestyle Committee, the Chamber organized a Jewellery Show in association with PC Jewellers in New Delhi.

Mrs Aruna Sethi, Chairperson, Women’s Committee and Fashion & Lifestyle Committee welcoming the members

Dr Lalit Bhasin, Regional President, addressing the members

Mr. Balram Garg, Managing Director, P C Jeweller Limited addressing the members

NORTH INDIA COUNCIL

Mrs. Ann Mustard, Co-Chairperson, Fashion & Lifestyle Committee proposing Vote of Thanks

78 Festival of short Digital FilmsMay 17, 2013 - Marwah Studio

International Film & Television Club in association with Indo-American Chamber of Commerce organized 78 Festival of short Digital Films. Dr. Lalit Bhasin, Regional President, IACC and Chairperson of the Film Certification Appellate Tribunal was the Chief Guest during the occasion. Mrs.Aruna Sethi, Chairperson, Women’s Committee & Fashion & Lifestyle Committee; Mr. Jos De Clercq, First Secretary – Trade & Investments (Flanders), Embassy of Belgrof. Kal ; Mr. Goodluck Eminah; Mr. Ashok Tyagi, Joint Director, ASMS, Mr. Sandeep Marwah and Prof. Kalyan Sarkar, Dean, AAFT also addressed the audience.

On podium Dr. Lalit Bhasin. On dias L to R Prof. Kalyan Sarkar, Dean, AAFT; Mrs. Aruna Sethi, Chairperson, Women’s Committee & Fashion & Lifestyle Committee; Mr. Sandeep Marwah; Mr. Jos De Clercq, First Secretary – Trade & Investments (Flanders), Embassy of Belgrof. Kal ; Mr. Goodluck Eminah; Mr. Ashok Tyagi, Joint Director, ASMS

Dr. Bhasin presenting memento to Mrs Aruna Sethi

45

Farewell lunch in honour of Ms Judy R Reinke, Minister Counselor for Commercial Affairs, US Embassy

May 10, 2013 - Hotel The Lalit New Delhi

IACC, NIC organized a farewell lunch in honour of Ms Judy R Reinke, Minister Counselor for Commerce Affairs, US Embassy, in New Delhi. The lunch was hosted by Mr. Lalit Bhasin, Regional President, IACC. She will assume the position of Deputy Director General, US Foreign Commercial Services in June 2013 in Washington.

The lunch was attended by the National Past Presidents Dr M K Modi, Mr. Deepak Pahwa and Mr. Vinod Chandiok; IACC, Executive Vice President, Mr. Asoke K Laha; Regional Past Presidents, Mr. Baljit Sobti, Mr. Vikram Madhok and Mr. S K Sarkar. From the US Embassy, Minister-Counselor for Agricultural Affairs, Mr. Allan Mustard, Co-Chairperson, Women’s Committee Ms Ann Mustard, Civil Aviation Specialist for South Asia (New Delhi) Office of International Affairs (API) Federal Aviation Administration, Mr. Ajay Kumar; Principal Commercial Officer for North India, Mr. Greg O Connor; Senior Commercial Specialists, Mr. Sandeep Maini, Mr. Jitender Jassal and Ms Renie Subin; Commercial Officers, Mr. Pat Cassidy and Ms Olga Ford; Commercial Specialist, Ms Renie Subin and Ms Shilpa Gadde, FAA Dept. were present.Dr. Shubnum Singh; Mrs. Aruna Sethi, Dr Raman Roy, Mr. Ashish Chandiok, Mr. Nikhil Khanna, Mr. Sandeep Marwah and Mr. Rajiv Desai also graced the occasion.

L to R – Mr. S K Sarkar, Mr. Lalit Bhasin, Ms Judy R Reinke, Dr M K Modi, Mr. Asoke K Laha, Mr. Vikram Madhok, Mr. Baljit Sobti

Talk by Dr. Prabhu Narayan Mishra, Professor & Director, Institute of Management Studies Devi Ahilya

University, IndoreApril 29, 2013 - The residence of Mrs Shubhra Gupta, Member,

NIC Women’s CommitteeThe NIC Women’s Committee organized a talk by Prabhu Narayan Mishra, Professor & Director, Institute of Management Studies Devi Ahilya University, Indore on 29th April 2013.

Training and Certification program on Transfer Of Technology and Intellectual

Property Rights in Aerospace and Aviation industry

April 22, 2013 - PHD House, New Delhi Indo-American Chamber of Commerce in collaboration with World Intellectual Property Rights Bank had organized a Training and Certification Program on Transfer of Technology and Intellectual

Property Rights in Aviation and Aerospace Industry on Monday, 22nd April 2013 in New Delhi.

Mr. Atul Sharma, Past Regional President, IACC & Managing Partner, Link Legal India Law Services welcomed the participants. Dr Ajay Batra PhD, Managing Partner and CEO, World Intellectual Property Rights Bank conducted the training Programme. Mr. AkiyoshiImaura, Director (Intellectual Property Rights), Japan External Trade Organization (JETRO), Regional Intellectual Property Attache - Japan Patent Office and Mr. Nitin Masilamani, Partner, Amarchand & Mangaldas & Suresh A. Shroff & Co also addressed and shared their views during the programme.

The key focus areas included Transfer of Technology (TOT) and IPRs : Management of IPRs in TOT programs;

Discovery program on Transfer of Technology (TOT) and IPR portfolios in Aviation and Aerospace; industry; Basic awareness program on IPRs in Aviation and Aerospace industry; Understanding TOTs from OEMs perspective and attracting TOT business to your company; Business, Knowledge and IPR strategy model; Introduction to WIPPPE program, Legal Support and agreements; Introduction to I2KIC Framework; Policies for attracting TOTs and achieving IPR capability and process maturity; Metrics for TOT and IPR capability and maturity followed by Case Study.

Participants at the Training Programme

IACC Tennis TournamentApril 7, 2013 - R K Khanna Tennis Stadium

Under the aegis of Sports Committee, IACC, NIC , the Chamber organized a “Tennis Tournament” at the R. K. Khanna Tennis Stadium, New Delhi. Mr. Vinod Rai, Comptroller and Auditor General of India was the Chief Guest. Sarovar Hotels Pvt. Ltd, Mesco Steel and Grant Thornton were the partners.From the US Embassy, Mr Ford Adams, Ms Aruna Wijesooriya, Ms Joyce Haley, Mr Chad A Thornberry, Mr Jon Hager, Ms Patricia Dhar, Ms Jenney Heerey and Ms Fransje Just-van der Kemp from the Netherland Embassy played the Tournament.

Mr. Ashish Khanna, Mr. Aditya Khanna, Mr. Jaideep Bhatia, Mr R I Singh, National Level Tennis Players, also participated. Some important members / dignitaries also played were Mr. Ashish Chandiok, Walker Chandiok & Co; Mr Bharat Joshi, Associate Container Terminal; MrsRohini Wig, Wig Brothers; Mr Krishan Malhotra, Amarchand Mangaldas; Mr S K Sarkar, Sarkar and Associates; Mr Vinay Mohan, Mohan Mekins.

46


I

ACC , NIC Tennis Tournament at R K Khanna Tennis Stadium (DLTA)

L to R – Mr. Aditya Khanna, Mr.Lalit Bhasin, Mr. Vinod Rai, Mr. Ashish Chandiok, Chairman NIC Sports Committe and Mr. Ford Adams

Conference on “Technology in Indian Food Industry : Global Best Practices”

22 March, 2013 - PHD House, New DelhiUnder the aegis of Food and Agri Business Committee of IACC, NIC, the Chamber had organized a Conference on “Technology in Indian Food Industry: Global Best Practices on 22nd March 2013 in New Delhi. The Conference was inaugurated by Mr. Tariq Anwar, Hon’ble Minister of State for Agriculture and Food Processing Industries.

The Hon’ble Minister in his inaugural address pointed out that the performance of the food processing industry has been encouraging. He added that the Government had identified the industry as a sunrise industry that would give an impetus to employment generation and rural development. The growth of the industry was necessary to tackle India’s development issues. Mr. Anwar emphasized that the Government had taken several steps in order to boost growth. This included several tax benefits and concessions in import duties on premium food processing equipment.

Other speakers during the Inaugural session included Dr. Lalit Bhasin, Regional President, IACC and Managing Partner, Bhasin & Co; Mr. Gurnam Arora, Chairman, Food &Agri Business Committee & Joint Managing Director, Kohinoor Foods Limited;Mr. Gokul Patnaik, Chairman, Global AgriSystemPvt Ltd; Mr. Asit Tripathy, Chairman, The Agricultural and Processed Food Products Export Development Authority (APEDA) and Mr. Greg O’Connor, Principal Commercial Officer - North India, US Embassy.

The other technical sessions were Global Food Processing Industry – Growth Pattern & Market Characteristics; Role of Cold Chain in Developing Food Processing Industry followed by panel discussion on Current FDA Regulations.

Kohinoor Foods Limited and Services Export Promotion Council were the Principal Partners and Frick India Limited was the Associate Partner for the Conference.

L to R-Mr. Asit Tripathy, Chairman, APEDA; Mr. Gurnam Arora, Mr. Tariq Anwar, Mr. Lalit Bhasin; Mr. Gokul Patnaik, Chairman, Global AgriSystem Pvt Ltd; Mr. Greg O’Connor, Principal Commercial Officer - North India, US Embassy

L to R - Prof (Dr) Rajat K. Baisya, Chairman & Chief Consultant, Strategic Consulting Group Pvt Ltd; Mr. S K Sharma, Managing Director, Global AgriSystem Pvt Ltd and Mr. Nitin Puri, Country Head & Group Executive Vice President (FASAR), Yes Bank

L to R - Mr. Pankaj Mehta, Country Head & Assistant Director, Carrier Transicold, India; Mr. Pawanexh Kohli, Chief Advisor, National Centre for Cold-Chain Development, Department of Agriculture & Cooperation, Ministry of Agriculture; Mr. Pankaj Kumar, Director, Ministry of Food Processing Industries; Mr. Rakesh Mehra, Production Head, Safal Frozen

Dr.Tarun Bajaj, General Manager, APEDA; Mr.Nishant Arora, Business Head, Food division, Kohinoor Foods Ltd ; Dr. John Sproul, Assistant Director (Foods), U.S. Embassy

47

Talk by Dr Deepak VaidMarch 18, 2013 - The residence of Mrs Anita Behl, Member, NIC

Women’s CommitteeOn the occasion of Holi, the IACC NIC Women’s committee organized a talk by Dr Deepak Vaid on Colour Therapy (Effect on health and Aura)

Talk by Dr Deepak Vaid on Colour Therapy ( Effect on health and Aura)

Seminar on “General Aviation: The Next Steps”

March 6, 2013 - PHD HouseIndo- American Chamber of Commerce (IACC) and US- India Aviation Cooperation Program (ACP) organized a one day Seminar on “General Aviation: The Next Steps” on 6th March 2013 in New Delhi. Hon’ble Minster of Civil Aviation, ShriAjit Singh delivered the Inaugural Address.Mr. Arun Mishra, Director General, Directorate General of Civil Aviation, Ms. C. J. Collins, Sr. Representative, Federal Aviation Administration, Ms. Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy also addressed the Inaugural.

Business Aviation Operators Association (BAOA) was the Supporting Association for the same. The key focus areas included Policy and Regulatory Framework, General Aviation Technology and Infrastructure, Role of General Aviation Industry in important areas such as Emergency Medical Surveillance, Disaster Management, Tourism etc. and the emerging areas and Opportunities in General Aviation. The technical sessions highlighted important discussions on various pertinent topics related to General Aviation and were addressed by senior representatives from US and Indian Industry and well as Authorities. It was attended by 120 to 130 people.

On the podium – Mr. Ajit Singh, Hon’ble Minister for Civil Aviation

on dias L to R –Mr. Raman Kapoor, Associate Vice President- Business Development, Ligare Voyages; Ms. Judy Reinke , Minister Counselor for Commercial Affairs, US Embassy; Dr. Lalit Bhasin, Dr. Vivek Lall, Chairman, Aviation and Aerospace Committee & President and CEO, New Venture, Reliance Industries Limited (RIL); Ms. C. J. Collins, Sr. Representative, Federal Aviation Administration ; Mr. Todd Hattaway, Country Director, Beechcraft; Mr K Narayana Rao, Chairman Civil Aviation Committee, PHD & Director, GMR Infrastructure Ltd

Mr. Arun Mishra, Director General, Directorate General of Civil Aviation delivering the Keynote Address

Session on Policy and Regulatory Framework

L to R - Mr. Ravi Nath, Rajinder Narain & Co. Solicitors & Advocates ; Mr. A. M. Ganapathy, Head Standards Committee, BAOA ; Mr. Atul Sharma, Past Regional President, IACC and Managing Partner, Link Legal ; Mr. Sudipta Dutta, Director, Directorate of Air Worthiness, DGCA ; Mr, Kamal Abrol, Partner, PwC

Technical Session 2: General Aviation: Technology and Infrastructure

L to R Wg Cdr (Retd) BS Singhdeo, MD, Bell Helicopter India; Captain Rohit Kapur, President, Business Aircraft Operators’ Association (BAOA); Dr. Arjun Singh, Ex- Program Director, US- India ACP; Mr. Ravi Menon Executive Director, Air Works

Technical Session 3: Role of General Aviation Industry in key areas

R – L Mr. Lex Den Herder, Vice President, Government and Industry Affairs, Universal Weather and Aviation Inc.; Mr. R P Sahi, Consultant, Ministry of Civil Aviation and Ex- Jt. DG, DGCA; Mr. Ammeet K Agarwal, President and CEO, Supreme Aviation; Colonel Sanjeev Choudhary, Sr. VP (Business Development) Arrow Aircraft and Ex- Senior Vice President, Indocopters Pvt Ltd

48


Panel Discussion : Emerging areas and Opportunities in General Aviation

L to R – Mr. Ed. Smith, Senior Vice President- International and Environmental Affairs, General Aviation Manufacturers Association (GAMA); Mr. Rohit Kapur; Mr. Rajan Mehra, MD, Universal Weather and Aviation- India; Mr. Manish Mishra,Khaitan and Co

US India Aviation Security SummitMarch 4 - 6, 2013

IACC partnered for U.S.-India Aviation Security Workshop from March 4-6, 2013 in New Delhi. The workshop was being organized by U.S. Trade and Development Agency (USTDA), in cooperation with the U.S. Transportation Security Administration (TSA), the U.S.-India Aviation Cooperation Program (ACP) and the Government of India.

Sip & Sup EveningFebruary 20, 2013 - The residence of Mr Vinod Chandiok

Under the aegis of Fashion & Lifestyle Committee, IACC, NIC organized a Sip & Sup Evening on 20th February 2013 at the residence of Mrs Ritu Chandiok and Mr. Vinod Chandiok, National Past President, IACC. Wines from Nicola’s winery and Le Chateau winery Washington State, USA were served for tasting, in this event .These wines are represented in India by Mr. Vikram Sethi, Shervick Services, India, who gave a brief introduction on these wines.

Mrs Aruna Sethi, Chairperson, NIC Women’s Committee welcoming the members and Guests

Mr. Vinod Chandiok, Ms Aruna Sethi and Ms Ann Mustard, Co-Chairperson, NIC Women’s Committee

Interactive Workshop on Transfer Pricing

February 15, 2013 - Hotel Crown Plaza Today, Gurgaon The Indo-American Chamber of Commerce (IACC), North India Council in association with KPMG organized an Interactive Workshop on “Transfer Pricing” at Crowne Plaza Today Gurgaon. Mr. S K Sarkar, Chairman, Financial Services Committee delivered the Welcome Address.The workshop focussed on Contemporary Transfer Pricing issues in India; Update and discussion on (APA) Advance Pricing Agreements in India and then it was followed by a panel discussion.

The speakers during the Workshop were Mr Kamlesh Varshney, Commissioner of Income Tax (APA); Mr Navin Jain, Head - Taxation, Cairn India, Mr. Pradeep Parikh, Sr. Advisor, KPMG; Mr. Vinod K Mangotra, (Former Chief Commissioner of Income Tax), Senior Advisor, Tax Dispute Resolutions (Transfer Pricing), KPMG; Mr. Manoj Pardasani, Partner, Global Transfer Pricing Services, KPMG; Mr. Atul Jain, Director, Global Transfer Pricing Services, B S R & Co.

At the podium : Mr. Manoj Pardasani, Partner, Global Transfer Pricing Services, KPMG; On dias (L to R) , Mr. Pradeep Parikh, Sr. Advisor , KPMG; Mr. S K Sarkar, Chairman, Financial Services Committee;Mr. Vinod K Mangotra, (Former Chief Commissioner of Income Tax), Senior Advisor, Tax Dispute Resolutions (Transfer Pricing), KPMG; Mr Navin Jain, Head - Taxation, Cairn India and Mr. Atul Jain, Director, Global Transfer Pricing Services, B S R & Co.

L to R ; Mr. Manoj Pardasani ; Mr Kamlesh Varshney, Commissioner of Income Tax (APA); Mr. Vinod K Mangotra and Mr. Atul Jain

Talk by Dr Sudhir P Srivastava, World renowned and the only Cardiothoracic

Robotic Surgeon in IndiaFebruary 11, 2013 - The residence of Kanwarani Sohinder Nabha Under the aegis of Women’s Committee, IACC, NIC, the Chamber organized a privileged meeting and a talk by Dr Sudhir P Srivastava, World renowned and the only Cardiothoracic Robotic Surgeon in India over Cocktails & supper buffet. at the residence of Kanwarani Sohinder Nabha. The event was attended by around 40 people

49

Privileged Meeting and Talk by World renowned and the only Cardiothoracic Robotic Surgeon in India , Dr Sudhir P Srivastava

Security Conclave: International Conference & Expo on Security,

Intelligence & TechnologyFebruary 8 & 9, 2013 - New Delhi

The Infrastructure and Logistics Federation of India (ILFI) organized the first Conclave, an International Conference and Expo on Security, Intelligence and Technology in New Delhi. It focused on physical and cyber security, intelligence analytics, and law enforcement bringing together relevant individuals and organizations looking for policy wherewithal, technical solutions, and business partnerships in the homeland security sector across the world. Participants included policymakers, technology leaders in security, representatives of security focused think tanks, top of the drawer solution providers, and the international business community. The Conclave comprised of presentations by eminent security experts, discussions, Expo and Business-to-Business (B2B) meetings. Carefully chosen Principal speakers shared their experiences and perceptions to trigger in-depth discussions on creating a secure India. Topics included Homeland Security - International Experience, Policy Framework for Security, Government- Business Cooperation in Security Forces & Systems, Information Technology for Security - Cyber Security, Security for Critical Infrastructure, Latest Trends in Security Equipment, Technology - Quality & Reliability and Funding Security Infrastructure. Indo- American Chamber of Commerce (IACC) was theSupporting Organization for the Conclave and it was attended by some key IACC members.

Cocktails-Dinner hosted by Mr. Lalit Bhasin

February 1, 2013 - Hotel The Lalit New DelhiOn the occasion of the IACC’s Executive Council Meeting in New Delhi Mr.Lalit Bhasin, Regional President, IACC - NIC hosted a Cocktails- Dinner on 1st February 2013 in honour of Mr. Shourya Mandal, National President, IACC and the EC Members at Hotel The Lalit New Delhi.

L-R Mr. Shourya Mandal, National President IACC; Mr. Lalit Bhasin, Regional President IACC NIC

L to R – Mrs Aruna Sethi Chairperson, NIC Women’s Committee, Mrs Bhaswati Laha (w/o of Mr. Asoke K Laha, Executive Vice President, IACC; Ms Judy R Reinke, Minister Counselor for Commercial Affairs, US Embassy and Ms Madhulika Gupta, EC Member

Mr. Prem Behl, Past Regional President, IACC; Dr VivekLall, Mr. R K Chopra, Secretary General, IACC & Mr. Lalit Bhasin

Inauguration of 6th International Festival of Cellphone Cinema at Marwah Studio

January 23, 2013 - Marwah Studio

International Film & Television Club in association with Indo-American Chamber of Commerce organized 6th International Festival of Cellphone Cinema on 23rd January 2013 in Delhi. Mr. Lalit Bhasin, Regional President, IACC and Chairperson of the Film Certification Appellate Tribunal was the Chief Guest during the occasion. Mr. Karl Bardosh, renowned American Filmmaker and Mr. Ashish Wig, Chairman, IACC Infrastructure Committee were the Guest of Honour.

Mr. Sandeep Marwah, Chairman, IACC, NIC’s Media and Entertainment Committee and President, Asian Academy of Film & Television said that this was the 6th festival and it has grown much bigger in size. Around 500 entries from all over the World illustrate the interest of masses in the subject. During the occasion, Dr Danburam Abubakar Nuhu Commissioner of Commerce, Industry, Cooperatives & Tourism Government of Kano State in Nigeria; Mr. Vinay Kumar MR. India Body Building, Mr. R.K. Singh of Asian School of Communication and Mr. Kalyan Sarkar Dean AAFT also grace the occasion.

52


Mr. Lalit Bhasin, Regional President, IACC lightening the lamp during the inauguration

L to R Mr. Vinay Kumar Mr. India Body Building; Mr. Karl Bardosh, renowned American Filmmaker; Mr. Sandeep Marwah, Chairman, IACC, NIC’s Media and Entertainment Committee and President, Asian Academy of Film & Television; Dr. Danburam Abubakar Nuhu Commissioner of Commerce, Industry, Cooperatives & Tourism Government of Kano State. and Mr. Ashish Wig, Chairman, IACC Infrastructure Committee

Mr. Sandeep Marwah, Chairman, IACC, NIC’s Media and Entertainment Committee and President, Asian Academy of Film & Television presenting memento to Mr. Lalit Bhasin.

NIC Women’s Committee - One day Trip to Agra

January 20, 2013IACC, NIC Women’s Committee organized a one Trip to Agra on 20th January 2013. The Trip was joined by 15 people.

Lunch at Amarvilas Hotel

NIC Women’s Committee – Farewell to Ms Valerie Brandt, Past Chairperson,

Women’s CommitteeJanuary 18, 2013 - The residence of Mrs Meeta Madhok

IACC, NIC Women’s Committee organized a farewell reception in honour of Mrs Valerie Brandt, Immediate past Chairperson, IACC, NIC Women’s Committee, who was leaving India and moving to Singapore on Friday, 18th January 2013 at the residence of Mrs. MeetaMadhok, member of Women’s Committee.

The farewell reception was attended by 40 people.

Seminar on Opportunities & Challenges in Aerospace Component Manufacturing

– BASA RegimeJanuary 11, 2013 - PHD House

The Indo-American Chamber of Commerce in association with US-India Aviation Cooperation Program organized a Seminar on “Opportunities & Challenges in Aerospace Component Manufacturing – BASA Regimeon 11th January 2013 in New Delhi. The Conference focused on Understanding BASA; Component Design / Approval Process, Standards / Certification and Future Scope of BASA.Mr. Arun Mishra, Director General of Civil Aviation delivered the Keynote Address during the Inaugural Session. Mr. LalitBhasin, Regional President, IACC delivered the Welcome Address and the Theme Presentation was made by Dr VivekLall, Chairman, IACC, NIC Aviation & Aerospace Committee &CEO, New Venture, Reliance Industries. Limited.Mr. D.R.S.V. Varma, Head, Manufacturing Initiatives, Infotech Enterprises Ltd also graced the occasion. Dr Arjun Singh, Program Director, US India Aviation Cooperation proposed the Vote of Thanks.Infotech Enterprises Ltd was the Silver Partener for the Conference.

Mr. Arun Mishra addressing the Seminar

53

Session on “Understanding BASA”

L to R; Mr. Ajay Kumar, Civil Aviation Specialist – FAA, US Embassy; Mr. Hillol Biswas , Deputy Director, Aircraft Engineering Directorate, DGCA; Mr. Charan Das, Joint Director General, DGCA; Mr. Chris Rao, Vice President India Operations, UTC Aerospace Systems ; Mr. Shyam Karigiri, Sr. Manager – Operations, UTC Aerospace Systems

Session on Component Design / Approval Process

L to R Mr. A Selvaraj, Addl. General Manager, (Indigenisation and Technology Development), Hindustan Aeronautics Limited; Mr. Manjunatha Hebbar, Sr. Vice President and Head of Strategic Solutions; Infotech Enterprises Limited; Mr. Prakash Eeralli, Practice Head, Engineering Process, Honeywell Aerospace, Mr. S L Deshmjukh, Vice President (Technology & Industrialization), Aerospace & Defence, Sun Group

Session on Standards / Certification Moderator

L to R Dr Ajay Batra, Managing Partner , World Intellectual Property Optimisation Bank; Mr. K P Srivastava, Director of Airworthiness , DGCA; Dr Satish Chandra, Head (Structure Division), National Aerospace Laboratory

Panel discussion: Future Scope of BASA

L to R Dr Ajay Batra; Mr. John L Williams, President, Williams Global; Advisors Mr. A K Aseri, General Manager, Hindustan Aeronautics Limited (HAL) and Mr. D.R.S.V. Varma

IACC-Citi Bank Knowledge Series - Outlook on Indian Equity Market

December 12, 2013 - PHD HouseThe Indo-American Chamber of Commerce, NIC organized an IACC- Citi Bank Knowledge Series on 12th December 2012. The topic discussed during the Knowledge Series was “Outlook on Indian Equity Market”. Mr. Nasser Salim, Cluster Investment Counselor, Citi Bank discussed about basic benefits of investments cross various asset classes.

Mr. Nasser Salim, Cluster Investment Counsellor, Citi Bank making the presentation

IACC, NIC Women’s Committee - Christmas Party

December 10, 2013 - The residence of Mrs Ann Mustard, Co-chairperson, NIC Women’s Committee

IACC NIC Women’s Committee organized a Christmas Party on 10th December 2012 at the residence of Mrs. Ann Mustard, w/o Mr. Allan Mustard, Minister-Counselor for Agricultural Affairs, US Embassy. The party was attended by 55 to 60 people.

Mr. Donald Lu, Deputy Chief of Mission and Mr. Allan Mustard, Minister-Counselor for Agricultural Affairs, US Embassy

L to R Mr. Prem Behl, Past NIC President, Ms Ann Mustard, Ms Neelu Sadana and Mrs Anita Behl

54

4444th AnnuAl RepoRt 2012 - 13Meeting with Ms Julia R Stanley, Minister

Counselor for Consular Affairs, US Embassy

December 3, 2012 - PHD HouseNIC organized an interactive session with Ms. Julia Stanley, New Visa Counselor, US Embassy on 3rd December 2012. She addressed the participants on the new trends in US Visa processing systems.

L to R Mr. S K Sarkar, Immediate Past Regional President, Ms Julia R Stanley and Mr. Lalit Bhasin

Regional Council Meeting followed by Cocktails Dinner hosted by

Mr. Asoke K Laha, Executive Vice President, IACC

November 23, 2012 - PHD House Mr. Asoke K Laha, Executive Vice President, IACC hosted a Cocktails and Dinner in honour of Mr. Lalit Bhasin, Regional President, IACC on 23rd November 2012. The new Regional Council as well as some past National and Regional Presidents and key invitees were present.

Dr M K Modi, Mr. Lalit Bhasin and Mr. Deepak Pahwa, Past National President, IACC

L to R Ms Nina Bhasin, Mr. LalitBhasin, Mr. Deepak Pahwa, Mr. Asoke K Laha and Mr. Atul Vyas

Post Diwali Get togetherNovember 19, 2012 - The residence of Kanwarani Sohinder

NabhaOn the occasion of Diwali, NIC Women’s committee organized a get-together at the residence of Kanwarani Sohinder Nabha. The programme was attended by 60-70 people both from US Embassy and membership

L to R Mr. Nabha, Kanwarani Sohinder Nabha, Member Women’s Committee, Mrs Ann Mustard, Co-Chairperson, IACC, NIC Women’s Committee; Mr. Allan Mustard, Minister-Counselor for Agricultural Affairs

L to R Kanwarani Sohinder Nabha, Ms Neelu Sadana, Ms Jean Connor, Mr. Greg Connor, Commercial Officer, US Embassy, Mrs Aruna Sethi, Chairperson, IACC, NIC Women’s Committee

Mr. Allan Mustard with Mr. Vikram Sethi, Ms Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy

IACC-Citi Bank Knowledge Series - Regulatory framework & Foreign

Exchange Management Act (FEMA) guidelines for Export Import

Foreign ExchangeOctober 19, 2012 - PHD House

The Indo-American Chamber of Commerce organized an IACC- Citi Bank Knowledge Series on 19th October 2012 in, New Delhi. Mr. Kumud Gandhi, Assistant Vice President, Commercial Banking, Citi Bank made a presentation “Commercial Bank – Banking Solutions for SMEs Update on Regulatory Framework and FEMA Guidelines”

55

Topics discussed during the meeting

Citi India: Snapshot :Foot print: Present in India since 1902; Introducing innovative / New Products & Services;

Citi India - Industry Leadership; Export Import – FEMA Update & Foreign Exchange Risk Management : Update on Regulatory Framework and FEMA – 2012; Foreign Exchange Markets – Forecast; Hedging – Factors Considered; Citi Commercial Bank : Full Services Banking; Product Suite – Comprehensive Banking Solutions; Citi Commercial Bank Products: Key Features : Transaction Banking: Cash Management; Trade Services and Trade Finance; Foreign Exchange Services : Citi FX Pulse; Commercial Lending; Citi India : Credentials

Mr. Kumud Gandhi, Assistant Vice President, Commercial Banking, Citi Bank making a presentation on “Commercial Bank – Banking Solutions for SMEs Update on Regulatory Framework and FEMA Guidelines”.

High tea/cocktails in honour of the New Regional President & New

ladies in Town October 10, 2012 - Palace on Wheels (Train)

To Welcome the New NIC Regional President and new ladies in Town on NIC Women’s Committee, the Women’s Committee organized a High Tea & Cocktails at “The Palace on Wheels” in New Delhi on 10th October 2012.

Members at The Palace on Wheels

8th Indo-US Economic Summit : Emerging Frontiers in

Indo-US Economic CooperationSeptember 12-13, 2012, New Delhi

The Indo American Chamber of Commerce organized its flagship event - 8th Indo-US Economic Summit: Emerging Frontiers in Indo-US Economic Cooperation held 12-13 September 2012 – Hotel Le Meridien, New Delhi.

The summit focused on the following sessions:

Transport Infrastructure: “Creating effective multi-modal public transport system”; Interactive Panel Discussion: Indo-US Strategic Dialogue: Economic Relations; Smart Cities: Technologies, Opportunities & Challenges followed by Panel Discussion: Building our Cities – the way forward; Foreign Direct Investment: Liberalizing FDI Policies; Session on Security - Public Private Partnership for Internal Security; Critical Infrastructure and Cyber Protection: Challenges in securing India’s infrastructure and Economy; Police and Paramilitary modernization: Opportunities for Indo-US Cooperation; Energy Session: Alternate and Clean Energy options

H E Mr. Shekhar Dutt, Governor of Chhattisgarh inaugurated the Summit. Mr. Donald Lu, Deputy Chief of Mission, US Embassy and Mr. John L. Flannery, President and CEO, GE India delivered the Special Address.

Mr. Anand Desai, President, IACC delivered the Welcome Address. Dr Vivek Lall, Summit Chairman & President & CEO – New Ventures, Reliance Industries Limited made a Theme Presentation. Mr. Lalit Bhasin, Sr. Advocate, Bhasin& Co addressed the Inaugural Session. Mr. S K Sarkar, Regional President and Chief Executive, Sarkar & Associates proposed the Vote of Thanks.

Mr. Raj Kumar Singh, Director (UT), Ministry of Urban Development addressed during the session on Transport Infrastructure: “Creating effective multi-modal public transport system”. Mr. Ronen Sen, Former Indian Ambassador to US; Mr. Manish Tewari, Member of Parliament, Lok Sabha; Mr. B J Panda, Member of Parliament, LokSabha; Mr Blair P Hall, Minister Counselor for Economic Affairs and Environment, Science and Technology, US Embassy addressed the Interactive Panel Discussion on Indo-US Strategic Dialogue: Economic Relations. Mr. Ajit Doval, Former Director, Intelligence Bureau delivered Special Address the session on Critical Infrastructure and Cyber Protection: Challenges in securing India’s infrastructure and Economy. Mr. Bhagwan Shankar, Joint Secretary, Ministry of Home Affairs delivered the Special Address during the Session Police and Paramilitary modernization: Opportunities for Indo-US Cooperation.

IBM, Observer Research Foundation and Taurus Agile Technology Corporation were the Summit Partner, Content Partner and Principal Partner respectively. The summit was addressed by 50 speakers and panelists representing policy makers, industry leaders & subject matter experts.

L to R - Mr. R K Chopra, Secretary General, IACC; Mr. John L. Flannery, President and CEO, GE India; Dr Vivek Lall,H E Mr. Shekhar Dutt, Governor of Chhattisgarh; Mr Anand Desai, National President, IACC;Mr. Donald Lu, Deputy Chief of Mission, US Embassy; H E; Mr S K Sarkar, Regional President, IACC and Mr. Lalit Bhasin, Sr Advocate, Bhasin & Co;

56


Session on Transport Infrastructure. L to R Mr. Rishab Sethi, Consultant, National Transport Developement Policy Committee, Planning Commission; Mr. Raj Kumar Singh, Director (UT), Ministry of Urban Development; Mr. Atul Sharma, Managing Partner, Link Legal; Mr. Sietze Dijkstra, Global Industry Leader - Government, Global Business Services, IBM Netherlands; Mr. Tushar Pandey, President, Yes Bank and Mr. Alok Jain, Director, MVA Asia;

Interactive Panel Discussion: Indo-US Strategic Dialogue: Economic Relations. On podium : Mr. Manish Tiwari, Member of Parliament, Lok Sabha. L to R - Mr. Nitin Gokhale; Strategic Editor, NDTV; Dr Vivek Lall; Mr. Ronen Sen, Former Indian Ambassador to US; Mr. B J Panda, Member of Parliament, Lok Sabha; Mr Blair P Hall, Minister Counselor for Economic Affairs and Environment, Science and Technology, US Embassy

Session on Smart Cities: Technologies, Opportunities & Challenges. Dr Guruduth S Banavar; Vice President & CTO, Global Public Sector, IBM, USA; Mr. Venkatasubramaniam Meenakshisundaram, Vice President - Smart Cities and Financial Operations, IBM USA ; Mr. Prakash Gaur, Head of Urban Planning Dept., Gujarat International Finance Tech-City (GIFT); Dr Sandeep Kumar Raut, Associate Town & Country Planner, Town & Country Planning Organization, Ministry of Urban Development, GOI, Mr. Greg O’ Connor, Commercial Officer, US Embassy; Dr Pawan Maini, Managing Director –India, CH2M Hill

Session on Foreign Direct Investment: Liberalizing FDI Policies..L to R Mr. Mukund Ranganathan, EVP & Head of Investment Banking, Edelweiss; Mr. P C Dutt; Mr. Amarjeet Singh, Partner, KPMG; Mr. Karandeep Singh, Group CFO, Flipkart.com; Mr. Ammeet K Agarwal, Chief Executive Officer, Supreme Aviation

Session on Security- Public Private Partnership for Internal Security

L to R Mr. Suhaan Mukerji, Partner, Amarchand & Mangaldas & Suresh A Shroff & Co; Mr Manjit Rajain, Group Chairman, Peregrine Guarding Pvt Ltd; Mr. Neeraj Gupta, Country Manager & Senior Architect- Information Security, Global Technology Services, IBM India Private Limited; Mr. Timothy Haley, Regional Security Officer, Indian Region, US Embassy

Session on Critical Infrastructure and Cyber Protection: Challenges in securing India’s infrastructure and Economy

On Podium - Mr. Atul Gupta, Partner, KPMG;

L to R Mr. Subrata Mitra, General Manager – Sales Central Govt., Oracle India Pvt Ltd; Mr. William Blair, President, Raytheon India; Mr. Ajit Doval, Former Director, Intelligence Bureau; Mr. Sunil Kakkad, Chairman & Managing Director, Sai Infosystem (India) Ltd;

Session on Police and Paramilitary modernization: Opportunities for Indo-US Cooperation

L to R Mr. Jeffrey Hicks, CEO, Persistent Sentinel; Mr. Mahendra Kumawat, Former Director General, Border Security Force; Mr. Ashish Sonal, Founder, Orkash and Advisor, Indo- US Homeland Security Forum; Mr. Bhagwan Shankar; Mr. Subimal Bhattacharjee, Country Head, General Dynamics; Mr. G B Singh, Director, 1st Academy of Security Science Education & Training Pvt Ltd;

57

Energy Session: Alternate and Clean Energy options

Mr. Rajesh Miglani, Regional Climate Change Specialist, South Asia, International Finance Corporation addressing the session

L to R Ms Lydia Powell, Head, Centre for Resources Management, Observer Research Foundation, India; Mr R Chandrasekar, Chief Operating Officer, HCC Infrastructure; Dr Prasad Medury, Partner Amrop India;Mr. Ashok Dhar, President (Industrial Marketing) for Petroleum Business, Reliance Industries Limited; Mr. Subahoo Chordia, Senior VP, Edelweiss

IACC’s Annual Fellowship Night on 24th August 2012

Hotel Le Meridien 24th August 2012The North India Council organized its Annual Fellowship Night on 24th August 2012 at Hotel Le Meridien, New Delhi. The theme of the Fellowship Night was Bale-Bale – Flavours of Punjab.

Mr. S K Sarkar, President, IACC-NIC welcomed the Chief Guest, Mr. Blair P Hall, Minister Counselor Economic, Environmental, Science and Technology Affairs, US Embassy and Mr. KapilDev, Former Indian Cricketer for joining the Fellowship Night.From the US Embassy, Ms Judy Reinke, Minister Counselor for Commercial Affairs, Mr Greg O Connor, Commercial Officer, Mr. Pat Cassidy, Commercial Officer, USFCS, Mr. Michael C Busch, Second Secretary, Mr. Isabelle Chan, Vice Consul, MsAruna V Wijesooriya, Political Section, Ms Anna Feuer, Political Section, Mr. Donn-Allan G Titus, Counterterrorism Coordinator for South Asia, US Dept of State and many more joined the evening.National Presidents, Mr. Vinod Chandiok, Mr. Deepak Pahwa, Mr. Gautam Mahajan, and Regional Past Presidents Mr Asoke K Laha, Mr. BimalSareen, Mr. Atul Sharma, Dr VivekLall also graced the occasion.

Mr. Blair P Hall, Minister Counselor Economic, Environmental, Science and Technology Affairs, US Embassy addressing the participants

Welcoming the members

Participants

IACC- Citi Bank Knowledge SeriesAugust 9, 2013 - PHD House

The Indo-American Chamber of Commerce organized an IACC- Citi Bank Knowledge Series on 9th August 2012 in New Delhi.

Mr Anupam Sethi Asst. Vice President, Commercial Banking, Citi Bank made a presentation on “Banking Solutions on SME and discussed about the current economic overview and currency exchange risk and management, main advantages of hedging and hedging tools in the current scenario along with a brief cover of Global Markets.

IACC – Citi Bank Knowledge Series

Interactive Session with Chairman, Airports Economic Regulatory Authority (AERA), Mr. YashwantBhave, on Airport

Economic and Regulatory AspectsPHD House - 6th August 2012

Indo American Chamber of Commerce, NIC, organized an Interactive Session with Chairman, Airports Economic Regulatory Authority (AERA), Mr. YashwantBhave, on Airport Economic and Regulatory Aspects on 6th August 2012 in New Delhi. The seminar was addressed by Mr. S K Sarkar Regional President, IACC; Dr. Sotiris Pagdadis, Leader - Capital Projects & Infrastructure, Practice, PricewaterhouseCoopers Pvt. Ltd and Global Airports, Sector Leader, PwC; Mr. Ravi Verma, General Manager, Airports

58

4444th AnnuAl RepoRt 2012 - 13Authority of India (AAI); Mr. Rohit Kapur, President, Business Aircraft Operators Association (BAOA); Mr. Mahendra Bisht, Vice President- Infrastructure Practice, Edelweiss Financial Services Ltd., Mr. Manjit Singh Sekhon from MESCO Airlines Ltd., and Mr. Atul Sharma, Past Regional President, IACC. It was attended by 70 to 80 participants.

L to R – Mr. Atul Sharma, Past Regional President, IACC; Mr. Yashwant Bhave, Chairman, AERA; Mr. S K Sarkar, Regional President, Mr. Manjit Singh Sekhon, MESCO Airlines Ltd

Dr. Sotiris Pagdadis, Leader - Capital Projects & Infrastructure Practice, PricewaterhouseCoopers Pvt. Ltd and Global Airports Sector Leader, PwC. making the presentation

Mr. Ravi Verma, General Manager, Airports Authority of India addressing the session

Mr. Rohit Kapur, President, Business Aircraft Operators Association (BAOA) at the podium

Mr. Mahendra Bisht, Vice President- Infrastructure Practice, Edelweiss Financial Services Ltd. making the presentation

VARANASI BRANCH

Programme Report on“Live telecast on Union Budget 2013”

28th February, 2013 - Hotel Clarks VaranasiIndo-American Chamber of Commerce U.P. Branch, Varanasi, Ram Nagar Industrial Association, Varanasi and Eastern U.P. Exporters’ Association (EUPEA), Varanasi jointly organized a programme to watch “Live telecast on Union Budget 2013” on 28th February, 2013 at Hotel Clarks Varanasi. The idea was to give an opportunity to our members to express their immediate reaction on the merits and shortcomings of the Union Budget. Chairman of IACC, Varanasi Mr. Ahsan R. Khan,Mr. Arun Kumar Agrawal and Mr. Shubrato Kumar Paul, Vice Chairmen, IACC, Varanasi, Mr. Debashis Mukherjee and CA Mukul Kumar Shah Past Chairman, IACC, Varanasi and members of IACC Mr. Bharat Kumar Agrawal, Mr. Saurabh Shah, Mr. R.C. Jain, Mr. R.K. Chaudhary, President, Ramnagar Industrial Association, Varanasi, Mr. Naveen Kapoor, President, Eastern U.P. Exporters’ Association, Varanasi Mr. Rajesh Kumar Verma, President, The Small Industries Association, Varanasi, Mr. D.K. Sharma, A.G.M., State Bank of India, Main Branch, Kachehari, Varanasi, and Head of the BHEL Unit in Varanasiparticipated along with other members of their respective Associations.

Participants for the Programme on Live Telecast of Union Budget 2013. Mr. Ahsan R. Khan, Chairman, IACC Varanasi

Participants for the Live Telecast of Union Budget 2013

59

Annual Day 2012 Topic “Opportunities of Indo-US Trade in Agro & Agro BasedIndustries/Products with

Reference to Eastern U.P.”November 29, 2012 – Varanasi

Indo-American Chamber of Commerce, U.P. Branch, Varanasi celebrated its Annual Day 2012 on 29th November, 2012 at Hotel Radisson, Varanasi. Senior officials from U.S. Embassy, New Delhi, namely, Mr. Allan P. Mustard, Minister Counselor for Agricultural Affairs and Mr. Greg O’Connor, Principal Commercial Officer, US Embassy, New Delhi were the honored guests on this occasion. The topic of their talk was “Opportunities of Indo-US Trade in Agro & Agro Based Industries/Products with Reference to Eastern U.P.” Dr. Dhiraj Kumar Verma, JVL Group, Varanasi, eminent scholars from Institute of Agricultural Sciences, Banaras Hindu University Professor Saket Kushwaha,Professor H.K. Jaiswal,Professor Ramesh Chand,Dr. Virendra Kamalvanshi and Principal Scientist & Head, Indian Institute of Vegetable Research, Varanasi Mr. A.B. Rai also addressed the participants and shared their views. Mr. Ahsan Khan, Chairman, IACC stated that he hoped that exchange of views between industrialists and scholars shall act as a foundation stone to boost trade of agro-based products not only in the local market but foreign markets as well. The programme was conducted by immediate past IACC chairman CA Mukul Kumar Shah.

Mr. Greg O’Connor stressed the need to modernize farm sector in India. He said the soil and climate of the country was good enough to facilitate production of diverse agricultural products. But, it needed employment of modern technology for reaping the maximum advantage. Mr. Debashis Mukherjee, Mr. Puneet Raman, Mr. Bharat Kumar Agrawal, Mr. Raj K. Agrawal, Mr. Arun Kumar Agrawal, Mr. AdarshJhunjhunwal, Mr. Saurabh Shah, Mrs. Anita Dey, Mr. SahilGarge, Mr. J.P. Mundra, Mr. Niyaz Ahmad, Mr. Rajesh Kumar Srivastavaand others actively participated in the deliberations.

(L-R) Mr. Allan P. Mustard, Minister Counselor for Agricultural Affairs, US Embassy, New Delhi Mr. Ahsan R. Khan, Chairman, IACC, Varanasi, Mr. Greg O’Connor, Principal Commercial Officer, US Embassy, New Delhi, Prof. H.K. Jaiswal, Banaras Hindu University, Varanasi, Prof. Ramesh Chand, BHU, Varanasi, Mr. A.B. Rai, Principal Scientist & Head, Indian Institute of Vegetable Research, Varanasi, Dr. Dhiraj Kumar Verma, JVL Group Varanasi

Participants of the programme

(L-R) Prof. Saket Kushwaha, BHU, Varanasi Mr. Allan P. Mustard, Minister Counselor for Agricultural Affairs, US Embassy, New Delhi Mr. Ahsan R. Khan, Chairman, IACC, Varanasi, Mr. Greg O’Connor, Principal Commercial Officer, US Embassy, New Delhi, Prof. H.K. Jaiswal, Banaras Hindu University, Varanasi, Prof. Ramesh Chand, BHU, Varanasi, Mr. A.B. Rai, Principal Scientist & Head, Indian Institute of Vegetable Research, Varanasi, Dr. Dhiraj Kumar Verma, JVL Group Varanasi

Dev Deepawali Celebration November 28, 2012

On the eve of Annual Day 2012 celebrations, Indo-American Chamber of Commerce, Varanasi made special arrangements for its members and guests to participate in DevDeepawali celebrations organized at DashashwamedhGhat on 28th November, 2012. Mr. & Mrs. Allan P. Mustard, Minister Counselor for Agricultural Affairs, US Embassy, New Delhi and Mr. & Mrs. Greg O’ Connor, Principal Commercial Officer, US Embassy, New Delhi were the honoured guests on this occasion. Guests enjoyed Boat Ride for over 3 hours on River Ganges and watched the Ghats alongside River Ganges being lighted up by lacs of small earthen lamps and the performance of “Ganga Aarti” at DasaswamedhGhat accompanied with fireworks. Mr. Ahsan Khan, Chairman, IACC, U.P. Branch, Varanasi, Mr. J. P. Mundra, Mr. SaurabhShah,Mr. SahilGarg, Mr. Puneet Raman, Mr. Rajesh Kumar Srivastava and others were present.

Participants of Dev Deepawali

(L-R): Mr. Saurabh Shah, IACC Member, Mrs. Allan P. Mustard & Mrs. Greg O’Connor, US Embassy New Delhi, Mr. Allan P. Mustard, Minister Counselor for Agricultural Affairs, US Embassy New Delhi, Mr. Greg O’Connor, Principal Commercial Officer, US Embassy, New Delhi, Mr. Sahil Garg, IACC Member, Mr. Ahsan R. Khan, Chairman, IACC, U.P. Branch, Varanasi, CA Mukul Kumar Shah, Past Chairman, IACC, U.P. Branch, Varanasi

60


EAST INDIA COUNCIL

Indo-US Fellowship NightJuly 12, 2013 - The Oberoi Grand Kolkata

The Indo American Chamber of Commerce organized `Indo-US Fellowship Night’ to commemorate the 4th of July ( American Independence Day) and combined it with a farewell to Mr. Dean Thompson , US Consul General. The programme was held in association with the Oberoi Grand. Mr. Dean Thompson, US Consul General, addressed the audience and elucidated the close association and working relation between the office of US Consulate Kolkata and IACC. He lauded the commendable commitment of the immediate past Regional President Ms. Heena Gorsia and present President Mr. S.D Mookerjea and their team towards promotion of Indo-US relation and fellowship in every aspect, during his term as Consul General. Dr. Krishna Gupta IAS, Managing Director WBIDC spoke of the prospects of Indo-US business development in the Eastern Region. Mr. H.P Budhia, Chairman Patton International and Mr. Nishit Thacker, Director Thacker Dairy, as successful and leading entrepreneurs, were spokesperson from the industry.

L-R Madhusree Daityari Regional Director, EIC Mr. H.P Budhia Chairman Patton International Mr. Shourya Mandal National president, IACC, Mr. Dean Thompson , US Consul General, Mr. S.D Mookerjea regional President, IACC, Dr. Krishna Gupta IAS, Managing Director WBIDC & Mr. Nishit Thacker, Director Thacker Dairy

Mr. Shourya Mandal National President presenting memento to Mr. Dean Thompson, US Consul General

Mr. H.P Budhia Chairman Patton International Mr. Shourya Mandal National president, IACC, Mr. Dean Thompson , US Consul General, Mr. S.D Mookerjea regional President, IACC, Dr. Krishna Gupta IAS, Managing Director WBIDC & Mr. Nishit Thacker, Director Thacker Dairy

`US Visa-Application and Procedure’June 28, 2013 –ICCR Kolkata

Indo American Chamber of Commerce , East India Council, organized an important presentation on ` US Visa-Application and Procedure’ by Ms. Wendy Kennedy, US Consul ( In charge of Visa Affairs) and Mr. Akash R Suri, US Vice Consul, on June 28, 2013. The Presentation aimed to facilitate and provide better understanding for simplified and successful US Visa application. The Presentation was followed by a Question & Answer session.

L – R Mr. Shourya Mandal, IACC National President, Mr. S.D Mookerjea, Regional President EIC, Mr. Akash R Suri US Vice Consul Kolkata and Ms. Wendy Kennedy US Consul Kolkata

Awareness Programme on the Commodity Market’May 28, 2013 - Bengal Club, Kolkata

The Indo American Chamber of Commerce organized a programme on ̀ Awareness Programme on the Commodity Market, on Tuesday 28th May `13at the Bengal Club, Kolkata in association with MCX, who are India’s largest commodity exchange.

During the last few years, the Indian economy has been growing at a very fast pace across various sectors. The stock market and commodity markets have been steadily reflecting this huge economic growth. Now commodities are being traded across the country by physical market stakeholders, investors, and traders and corporate.

In view of this, the programme was held to reflect the exploring and developing of the commodities market in this part of the country. Further, along with the various aspects of commodity`s future market, the discussion included hedging and it’s benefit to the corporate sector. Mr. VibhorTandon , Regional Head of Eastern India, from MCX gave a very informative presentation on the

61

benefits of trading in commodities on the Commodity Exchange. Mr Kapil Kaul, Past Regional President, gave an enlightening address on this subject. The event was meaningful, learning experience and was successful in meeting its objective. The members and Special Invitees requested IACC to repeat events of this nature for their benefit.

Left – RightMr. VibhorTandon, Regional Head MCX, (ER); Mr. S.D Mookerjea, Regional President, EIC; Mr. Kapil Kaul, Past President, EICMr. Shourya Mandal, National President, IACC

The Emerging Women Leadership in the Present Millennium’May 17, 2013 - The Bengal Club,Kolkata

The Indo American Chamber of Commerce, East India Council, organised a programme on ̀ The Emerging Women Leadership in the Present Millennium’ on Friday, May 17. The panel included worthy women leaders who have made a difference to the society not only within their capacity but have stretched beyond it.

Srimati Padmini Narayanan, First Lady, wife of Sri R K Narayanan, Governor of West Bengal graced as Chief Guest. The eminent panel included Hon`ble Justice of High Court Srimati Indira Banerjee, Ms Jane Thompson, educationalist and wife of Mr Dean Thompson, US Consul General, Kolkata, Ms Pritha Sarkar, Managing Director of SIDCO, Government of West Bengal, Ms Alokananda Roy, well known danseuse and social reformer.

The illustrious achievers shared their views and experience with the audience and highlighted the hurdles and struggle they had to overcome in the face of obstinate mind-set to attain their objective and ̀ break the glass ceiling’.

L- R Ms. Alokananda Roy (Eminent Danseuse a social worker), Ms. Jane Thompson (Educationalist),

Mr. S D Mookerjea ( Regional President EIC), Mrs. Smt Padmani Narayanan ( wife of Governor M K Narayanan), Mr. Ranjit Sen ( Past National President IACC), Hon’ble Justice Indra Banerjee Kolkata High Court and Ms. Pritha Sarkar, IAS Managing

Director, IDCO Govt of West Bengal

L-R Mr. Ranjit Sen, Mr. S D Mookerjea (Regional President EIC) presenting a memento to Hon’ble Justice Indira Banerjee

Award CeremonyApril 12, 2013 - Park Hotel, Kolkata

US Consulate awarded East India Council of Indo American Chamber of Commerce for its sustained promotion of Indo-US Business and Cooperation in the Eastern Region at an important high profile ceremony in the presence of the US Embassy, New Delhi, on April 12, 2013.

L-R Mr. Richard Craig Principle Commercial Officer FCS, Ms. Madhusree Daityari Regional Director EIC, Mr. S.D Mookerjea Regional President, Mr., Dean Thompson US Consul General and Ms. Heena Gorsia Past President

‘Environmental Compliance in Relation to Industries & Beyond’

April 6, 2013 - Taj Bengal, KolkataThe East India Council organized a programme preceding the Executive Council meeting to be held on April 6. A programme was organized on the “Environmental Compliance in Relation to Industries & Beyond”. Mr. Sutanu Ghosh, Past Regional President and expert environmentalist moderated and led the session.Shri. S Ghosh Dastidar, Hon`ble Minister of Environment, Government of West Bengal has kindly consented to be the Chief Guest. Mr. Richard Craig, Principal Commercial Officer, US Consulate (FCS) was invited to grace as Guest of Honour and make a few remarks on the US viewpoint. Mr. Ajeya Bandopadhyay, Manager & Specialist, Ernst & Young was industry spokesperson.

L-R Mr. S.D Mookerjea, Regional President EIC, Mr. Chella Srinivasan, National Vice President, Ms. Sutanu Ghosh, Moderator, Mr. Shourya Mandal, National President, Mr. Richard Craig Principal Commercial Officer FCS US Consulate, Mr. Ajeya Bandopadhyay, Ernst Young.

62


L-R Mr. Chella Srinivasan, National Vice President, Ms. Sutanu Ghosh, Moderator, Mr. Dinesh Trivedi MP, Mr. S.D Mookerjea, Regional President EIC, Mr. Shourya Mandal, National President, Mr. Richard Craig Principal Commercial Officer FCS US Consulate, Mr. Ajeya Bandopadhyay, Ernst Young.

‘Indo-US Business Relation- An Analysis’

April 6, 2013 - Taj Bengal, KolkataOn the occasion of the Executive Council meeting at Kolkata Luncheon Address on “Indo-US Business Relations- An Analysis” was delivered by Shri Dinesh Trivedi, Hon’ble MP, Govt. of India. Sri Trivedi spoke with élan and his speech encompassed every angle of Indo-US relation from past to present.

Mr. Dinesh Trivedi Hon’ble MP addressing the audience

‘Engaging with New Jersey Trade Mission’

March 19 2013 - Calcutta Club, KolkataThe Indo American Chamber of Commerce organized a programme on “Engaging with New Jersey Trade Mission’’.

The delegation was an Economic Development and Trade Mission to India from New Jersey, USA, certified by the U.S. Department of Commerce. Led by Mr. Raj Mukherjee, Deputy Mayor of New Jersey, the group represented a cross-section of business and community leaders in a variety of sectors, including technology, real estate development/sustainable urban design, higher education, science, arts/culture, and hospitality/tourism. In Kolkata, the meeting and interaction with American business leaders from New Jersey offered tax credits/incentives and brought forth an opportunity to understand the perspective of Jersey City as an attractive alternative to New York (and other cities) for bilateral trade. Additionally, the meeting also enabled the Hudson County Chamber of Commerce’s 350 business members through their President to connect with Kolkata businesses for bilateral investment and sales.

L-R Ms. Madhusree Daityari, Regional Director, Ms. Heena Gorsia Past Regional President, Mr. Shourya Mandal National President, Mr. Raj Mukherjee, DY Mayor New Jersey,Ms.Maria Nieves, Delegate, Mr. Daniel Frohwirth, Delegate, Ms. Connie Claman, Delegate Mr. Aurelio Vincitore, Delegate, Mr. Richard Craig, Principal Commercial Officer.

‘Enhancing Employable Skills & Academic Interface with Industry’

March 6, 2013 - The Williamson Magor Hall (BCCI Building),Kolkata

A Seminar on “Enhancing Employable Skills & Academic Interface with Industry” was organized in association with the US Consulate General & Bharatiya Vidya Bhawan. Shri Rabiranjan Chattopadhyay, Hon’ble Minister, Science & Technology Department, Govt. of West Bengal presided as Chief Guest. Mr. Dean R. Thompson, Hon’ble US Consul General was the Guest of Honour. Ms. Parvin Bagherpour, Vice Chancellor, Houston Community College made a presentation on Community Colleges and Opportunities for Education abroad. Mr. J.P Rai Ex Director National Council for Skill Development gave addressed the audience and Dr. Xavier Alphonse, Director, ICRDCE made a presentation on the Role of Community Colleges in Skill Development along with other noteworthy speakers from the corporate world during the ‘Industry Interfacing’.

L-R Mr. Dean R. Thompson addressing the audience, Mr. Shourya Mandal, Shri Rabiranjan Chattopadhyay Hon’ble Minister, Mr. S.D Mookerjea , Prof Sumon Mukerjee and Mr. J.P Rai.

L-T Mr. Shourya Mandal presenting memento to Shri Rabiranjan Chattopadhyay Hon’ble Minister

63

L-R Dr. Sharmishtha Banerjee, Fulbright Scholar, Dr. Parvin Bagherpour, Associate Vice Chancellor, Mr. Richard R. Craig, Principal Commercial Officer, Ms. Shevanti Narayan, USIEF and Mr. Greg Simkiss, US Vice Consul

“Effective Leadership-A Key to Sustainable Growth”

February 22, 2013 - Saturday Club, Kolkata

A Panel Discussion on “Effective Leadership-A Key to Sustainable Growth” was organized Mr. Dean Thompson, US Consul General Prof. Bertram Da Silva, Vice Principal, St. Xavier’s College, Kolkata, Mr. Sutanu Ghosh, Managing Director, Ghose Bose & Associates, Sree. Saugata Ray, MP and General Shankar Roychowdhury; Former Chief of Army Staff gave their address.

L-R : Prof. Bertram Da Silva, General Shankar Roychowdhury, Mr. S.D Mookerjea, Mr. Dean Thompson, Mr. Shourya Mandal, Sree. Saugata Ray and Mr. Sutanu Ghosh.

“Financing Facilities for Indo-US Trade”January 16, 2013 - The Rabindranath Tagore Centre (ICCR),

Kolkata

A Presentation and Interactive Session on “Financing Facilities for Indo-US Trade” was organized with the EXIM Bank of India. An address was given by Mr. B. Ramesh Babu, Regional Head, EXIM Bank and the presentation was made by Mr. S. S. Saswat, Chief Manager, EXIM Bank

L-R Ms. Madhusree Daityari, Mr. B. Ramesh Babu, Mr. S.D Mookerjea and Mr. S. S. Saswat

‘Developing Indo-US Business in the Eastern Region’

December 20, 2012 - The Bengal Club, KolkataA Programme on “Developing Indo-US Business in the Eastern Region” was organized at the Bengal Club. Dr. Ajitava Raychaudhuri, Economist and Dr. Krishna Gupta, Managing Director, WBIDC gave their address.

L-R Mr. Shourya Mandal and Dr Krishna Gupta

“42nd Annual Members Convention”November 7, 2012 - Calcutta Club (Crystal Room), Kolkata

Mr. Dean R Thompson, Hon’ble US Consul General, gave his address as the Chief Guest at the ‘Annual Members’ Convention 2012’ which was followed by a Cocktail Reception. Mr. S.D Mookerjea took over as regional President

L-R Mr. Kapil Kaul, Mr. Ranjit Sen, Mr. Vikram Swarup, Mr. M. K Saharia, Mr. S.D Mookerjea, Mr. Dean Thompson, US Consul General, Ms. Heena Gorsia, Mr. B.D Bose, Mr. Richard Craig, Mr. Subharthee Dey, &Mr. Vasant Subramanyan ( All Past President Except S.D Mookerjea)

64

4444th AnnuAl RepoRt 2012 - 13‘Indo-US-Biz the Growth Prospects’

October 31, 2012 - Bengal Club, Kolkata

A Meeting on ‘Indo-US Biz- The Growth Prospects’ was organized. Shri Saugata Roy, Hon’ble MP, Govt. of India graced the occasion as Chief Guest. Mr. Richard Craig, Principal Commercial Officer, FCS, US Consulate, attended as the Special Guest of Honour. Mr. Sumit Mazumder, Managing Director, TIL Ltd. and Mr. Sanjoy Kr. Gupta, Partner, Ernst & Young, also gave their address.

L-R Mr. Sumit Mazumder, Ms. Heena Gorsia, Regional President Shri Saugata Roy,

Mr. Richard Craig & Mr. Sanjoy Kr. Gupta

Meeting with Ms. Janice Corbett & Ms. Margaret Hanson-MuseOctober 17, 2012 - Grand Oberoi, Kolkata

Meeting was organized with Ms. Janice Corbett, Regional Director, Office of International Operations, ANESA and Ms. Margaret Hanson-Muse, Chief Operating Officer, US Department of Commerce.

Top L-R Mr. J. Nagar, Mr. Arup Mitra, FCS, Mr. Richard Craig, FCS Ms. Heena

Gorsia, Mr. S.D Mookerjea, Mr. Vasant Subramanyan, Mr. Vinod Jain.

Bottom L-R Ms. Madhusree Daityari Mr. J. Nagar, Mr. Richard Craig, FCS, Ms.

Margaret Hanson-Muse, Ms. Janice Corbett Ms. Heena Gorsia, Mr. S.D Mookerjea,

Mr. Vasant Subramanyan, Mr. Vinod Jain.

‘The New US Visa Application Process’September 26, 2012 - Calcutta Club, Kolkata

A Presentation on ‘The New US Visa Application Process’ was organized at the Calcutta Club. The presentation was made by Ms. Wendy Kennedy, Chief, US Consular Section (Visa) and Ms. Lauren Armenise, US Vice Consul. The new procedure started from that day US consulate was pleased to make the first presentation to the IACC members. The media received coverage at this meeting

L-R Ms. Madhusree Daityari, Regional Director EIC, Ms. Wendy Kennedy, US Chief,

Consular Section (Visa) and Ms. Lauren Armenise, US Vice Consul, Ms. Heena

Gorsia, Regional President, &Mr. S.D Mookerjea Regional Vice President

“Reception in Honour of Past Presidents of EIC” & Indo-US Equation and Bonding

and the Road Ahead’August 30, 2012 - Bengal Club, Kolkata

A Reception was organized to honour the Past Presidents of EIC and an address on ‘Indo-US Bonding and Equation and the Road Ahead’ was made by Mr. Rudrangshu Mukherjee, Editor, The Telegraph

L-R Mr. S.D Mookerjea Regional Vice President EIC, Ms. Heena Gorsia Regional

President, EIC & Mr. Rudrangshu Mukherjee

65

Ms. Heena Gorsia Regional President, EIC felicitating Mr. Amit Sen Past President.

“Role of Human Rights in International Trade”

August 22, 2012 - The Rabindranath Tagore Centre (ICCR), Kolkata

A Symposium was organized on the ‘Role of Human Rights in International Trade’ in which the speakers were Hon’ble Justice Asok Kumar Ganguly, Chairperson, West Bengal Human Rights Commission, Mr. Clinton ‘Tad’ Brown, Acting US Consul General, Mr. Partha Bhattacharya, Ex-Chairman, Coal India Ltd. and Dr. Sudha Kaul, Vice Chairperson, Indian Institute of Cerebral Palsy.

L-R Mr. Partha Bhattacharya, , Mr. Clinton ‘Tad’ Brown, Ms. Heena Gorsia Regional

President, EIC, Hon’ble Justice Asok Kumar Ganguly & Dr. Sudha Kaul.

L-R Mr. S.D Mookerjea Regional Vice President, Mr. Clinton ‘Tad’ Brown, Mr.

Partha Bhattacharya, Ms. Heena Gorsia, Hon’ble Justice Asok Kumar Ganguly, Dr.

Sudha Kaul & Madhusree Daityari, Regional Director, EIC

ORISSA

‘Emerging Opportunities for Indo-US Business in Odisha.

March 08, 2013 - Hotel Trident, BhubaneswarGuests of Honour : Ms. Katherine Dhanani, Hon’ble US Consul General , Hyderabad; Mr. Richard Craig , Principal Commercial Officer ,US Consulate , Kolkata; Mr. Shourya Mandal , National President IACC; Mr. SD Mookerjea , Regional President , IACC

Odisha has attracted a lot of investor attention in the metals, mining and power generation sectors during the last ten years. Some of the country’s largest investment projects in the steel and aluminum making are at different stages of implementation in our State. In addition, Bhubaneswar is emerging as a leading hub for Information Technology, Biotechnology and Technical Education majors. With a number of upcoming ports on our long coastline being developed through the public private partnership route, the State is poised to be an ideal gateway for trade & commerce with Southeast Asia. The focus now for the Government and related stakeholders is infrastructure development and abetment of human resources capacity in the region.

We are also witnessing the private sector of Odisha maturing and moving up the corporate learning curve. Our organizations are keen to foster multi-faceted linkages with markets and knowledge providers elsewhere. You will be happy to know that two years back, the Dhamra Port Company Limited housed here and the Port of Seattle entered into an agreement as sister ports. Such mutual cooperation will lead to sharing of information and technology, thereby boosting trade. Within the membership of our State Chapter, there are many who have vibrant and mutually beneficial relationships with America based entities.

L-R Mr Dharmaditya Patnaik, Branch Chairman Odisha addressing. Mr. S.D Mookerjea, Regional President EIC, Ms. Katherine Dhanani, Hon’ble US Consul General, Hyderabad, Mr Shourya Mandal, National President, IACC, Mr Richard Craig, Principal Commercial Officer, US Consulate General (FCS)

66


HEAD OFFICE

July 19-20, 2013 IACC supports “Defence Offset: MSMEs Network with DPSUs, DRDO and other Public and Large Private

Industries” hosted by SIATI, Bangalore

February 6-10, 2013 IACC A&D Forum supportes US particpation at Aero India 2013

December 10-11, 2012 IACC supports Global Aerospace Industry Meet (GAIM), Bangalore

December 6-8, 2012 IACC supports International Taxation Conference, Mumbai

October 8, 2012 Breakfast Meeting with Washington State Governor Ms. Christine Gregorie, Mumbai

September 28, 2012 43rd Annual General Meeting (AGM), Mumbai

September 10, 2012 High Level Interactive Meeting between Dr. Jon Alterman, Director, CSIS, Washington D.C. & Indian

Aerospace Industry Leaders led by U.S. Consulate and supported by IACC’s Aerospace & Defense Forum

August 17-18, 2012 SAE Aerospace Conference and Exposition, Chennai

WEST INDIA COUNCIL

Mumbai

July 1, 2013 9th Indo-American Corporate Excellence Awards 2013 & 237th American Independence Day Celebrations

May 22, 2013 Program on “The Art of Self Defense” by Glen Levy

April 15, 2013 Program on Indo-US Relations with special address from US Ambassador Nancy J Powell

March 14-16, 2013 India Engineering Sourcing Show (IESS) 2013

March 11, 2013 Twelve-Member U.S. Delegation of the “India Trade Mission 2013”

March 7, 2013 IACC 2nd Breakfast of Series II with Mr. Gyan Nagpal

February 14, 2013 Networking Reception in honour of seven member delegation from the University Professional

& Continuing Education Association (UPCEA)

February 6, 2013 IACC supported Interactive workshop on “U.S. Immigration Strategies: How to avoid costly mistakes

and receive more approvals” organized by VisaPro

January 23, 2013 IACC 1st Breakfast Meeting of Series II with Mr. Prakash Iyer

December 19, 2012 IACC 9th Breakfast Meeting with Mr. Santosh Desai

December 5, 2012 IACC Interactive Session on B1/B2 Visa (Business and Tourism) and GSS (new visa processing system)’

November 22, 2012 IACC 8th Power Breakfast Meeting with Mr. Rahul Bose

October 18 - 21, 2012 ET ACETECH 2012

October 11, 2012 IACC 7th Breakfast Meeting with Dr. L. S. Kanodia

October 11, 2012 2nd Indo-U.S. Nuclear Energy Safety Summit and Commemorative Dinner to celebrate four years of

Civil Nuclear Cooperation between United States of America and India(Supporting Organization)

October 6, 2012 IACC supported “Media & Entertainment Law Forum 2012”

September 18, 2012 IACC 6th Breakfast Meeting with Mr. Shailendra Singh

August 29, 2012 IACC 5th Breakfast Meeting with Dr. Bhaskar Das

August 2 - 3, 2012 IACC supported LegalEra Intellectual Property Rights (IPR) Conclave 2012

Pune Branch

June 5, 2013 National Seminar on Tax Deduction at Source (TDS) as “Associate Partner”

May 17, 2013 SME SUMMIT PUNE 2013

May 11 2013 Luncheon Meeting with Mr. Richard Saldanha- Director of Blackstone Group, USA

April 8, 2013 Round Table Meeting with Ambassador Dnyaneshwar Mulay

March 30, 2013 “TiECon Pune- announcing Future” as “Industry Partner”

CHAMBER ACTIVITIESA detailed account of activities since last Annual General Meeting is given below :

67


March 15, 2013 Annual Fellowship Nite

January 30, 2012 Power Breakfast Session on Transformation- People, Process, Productivity

January 24, 2013 ICICI Bank CEO Knowledge Forum

December 13, 2012 Presentation on Business & Work Visas to the United States & GSS- the new Visa processing System

December 13, 2012 Presentation on Student Visas to the United States

December 13, 2012 Presentation on Student & B1/B2 Visas to the United States

October 23, 2012 Innovation@Breakfast” Session – 11 on “Visual Thinking as an Innovation Tool”

Gujarat Branch

July 18, 2013 Sister Cities-Ahmedabad & USA

April 22, 2013 International Trade – “Letter of Credit”

April 9, 2013 B1/B2 Visa (Business and Tourism) & GSS (New Visa Processing System)

March 26 - 29, 2013 AAHOA Annual Convention & Trade Show

January 12, 2013 Business Scenario in Gujarat

January 8 - 13, 2013 VIBRANT GUJARAT 2013

December 14, 2012 SME SUMMIT-2012

November 29, 2012 VCCircle Ahmedabad Investment Forum 2012

September 25, 2012 ELS India Fall Recruitment Tour 2012 International Delegation

August 24, 2012 Social Media to Leverage B2B Enterprises

August 14, 2012 Business Visa to the United States

SOUTH INDIA COUNCIL

Tamil Nadu Branch

July 25, 2013 Workshop on American-Cross Cultural Skills, Chennai

June 24, 2013 Workshop on American-Cross Cultural Training, Coimbatore

June 18, 2013 Meet Success First Hand Mr. B.V. Ramanan, Chairman & Managing Director, Livia Polymer Bottles Pvt Ltd.

May 9-11, 2013 “RENERGY 2013- International Conference & Expo on Renewable Energy”

April 16, 2013 Meet Success First Hand with Mr. S.V. Veerramani, Chairman & Managing Director, Fourrts (India)

Laboratories Pvt Ltd

April 12, 2013 Evolving Business Opportunities in Indo-US Trade, Coimbatore

March 21, 2013 Workshop on American-Cross Cultural Training

March 20, 2013 Roundtable Discussion on “Rethinking Marketing: The Entrepreneurial Imperative”

March 12, 2013 IACC supports: Marketing in the New Millennium by Dr. Philip Kotler in Chennai

March 8, 2013 Post Budget Analysis Meeting

February 19, 2013 Meet Success First Hand - Mr. P.N. Vasudevan, Managing Director, Equitas Holdings Private Limited

February 15, 2013 Roundtable discussion on “Doing Business in Louisiana”

February 6, 2013 Roundtable Discussion on “Foreign Corrupt Practices Act (FCPA)”

February 4, 2013 Luncheon Meeting with U.S. Multi Sector Trade Mission 1-2-1 Meeting

January 23- 26, 2013 “RENERGY COIMBATORE 2013 International Conference & Expo on Renewable Energy”, Coimbatore

January 11, 2013 Interactive Session on B1/B2 (Business and Tourism) and GSS (new visa processing system), Madhurai

December 18, 2012 Meet Success First Hand - Mr. C.K. Kumaravel, CEO & Co-Founder, Naturals Beauty Salon

December 7, 2012 Guidance session on “U.S. Business Visas”, Coimbatore

December 4, 2012 Roundtable discussion with Chennai Port Trust

November 23, 2012 IACC -TN Members’ Networking Meet

November 6, 2012 Guidance session on “U.S. Business Visas”

68


October 16, 2012 Meet Success First Hand with Mr. K. Srinivasan, MD, Prime International India Pvt Ltd

October 15, 2012 B2B Meeting with U.S. Architecture Services Trade Mission

October 15, 2012 Breakfast meeting in honour of the visiting delegation of the U.S. Architecture Services Trade Mission

to India

October 8, 2012 Interactive session on “Compete and grow, globally”

September 26, 2012 Knowledge Series -2nd Edition on “Currency Fluctuations-its present trends and implications”

September 10, 2012 Guidance session on “U.S. Business Visas”, Pondicherry

August 17, 2012 An Interactive Session with Mr. Amit Sarkar, Associate Director-In Direct Tax, Ernst & Young Pvt Ltd

on “Paradigm Shift in Taxation of Service under the Negative List approach and its impact”, Madhurai

August 8, 2012 Colloquium on “Technology Enabled Design & Innovation for Sustainable Manufacturing”

Kerala Branch

May 18, 2013 IACC Supported and participated in the program titled ‘Peace Through Service’ organized by the Rotary

Club along with District Administration & City Police.

May 16-18, 2013 IACC partnered with India International ADR Association for the International Seminar and Business

Summit under the theme ‘Fostering Global Business; Making Deals: Resolving Disputes’

March 23, 2013 Seminar on ‘Indirect Taxes-Budgetary Changes 2013- Current Issues & Challenges’ in association with

Cochin Chamber of Commerce & Industry and Cochin Chapters of Institute of Cost Accountants and Institute of Company Secretaries

March 22, 2013 Seminar on Doing Business with USA and U.S. Business Compliances

February 27, 2013 IACC-Kerala Branch partnered with Silicon India, Bangalore for SME Summit 2013

February 5, 2013 Presentation of Certificate of Appreciation to IACC-Kerala by the U.S. Commercial Service for the

valuable contribution & outstanding support extended towards U.S-India Trade.

December 11, 2012 An Interactive Session on U.S. Visa update

December 6, 2012 An Interactive Session of U.S. Visa - Calicut

September 13, 2012 Interactive Session with U.S. Consul General Ms. Jennifer McIntyre & other U.S. Officials

Karnataka Branch

July 26, 2013 Seminar on “The Madrid System of International Registration of Trade Marks”

July 5, 2013 Funding Bio Innovation

June 6 - 8, 2013 Vendor Development & Technology Show 2013

May 23, 2013 Session on Doing Business with the US & Visa Presentation

May 21, 2013 Session on Doing Business with the US & Visa Presentation

April 30, 2013 Workshop on Cross Border Culture- Working with the US

April 16, 2013 Session on Cross Border Entrepreneurship

March 5, 2013 Session on Analysis of the Union Budget 2013

March 1, 2013 Local Innovation - The Key to Globalization

February 13, 2013 Session on Doing Business in Louisiana

February 4- 6, 2013 Bangalore India Bio 2013

January 23- 30, 2013 IACC supports 5th Intellectual Property Rights Conference - Global IP Conference 2013 in Bangalore

January 02 - 04, 2013 Industrial Visit of Marymount University Business School Students

December 14 -15, 2012 IACC- Curtain Raiser to the Tree-Athon & Tree- Athon

October 19, 2012 A Session on Talent Management - Myths & Insights

September 14, 2012 Interactive Session on Board Practices and Law- Directors Perspective

September 13, 2012 Seminar on Business Visa and Changes to the Visa Application Process

69


Andhra Pradesh Branch

July 2, 2013 237th American Independence Day

May 15, 2013 “Luncheon Meeting with Principle Commercial Officer (South), US Commercial Service“

December 3, 2012 IACC Round Table Meet- Aviation

October 16, 2012 ACC Initiation Meet

NORTH INDIA COUNCIL

July 17, 2013 Jewellery Show

May 17, 2013 78 Festival of Short Digital Films

May 10, 2013 Farewell to Ms. Judy R Reinke, Minister Counselor for Commercial Affairs, US Embassy

April 29, 2013 Dr. Prabhu Narayan Mishra, Professor & Director, Institute of Management Studies Devi Ahilya

University, Indore

April 22, 2013 Training and Certification program on Transfer Of Technology and Intellectual Property Rights in

Aerospace and Aviation Industry

April 7, 2013 IACC Tennis Tournament

March 22, 2013 Conference on “Technology in Indian Food Processing Industry : Global Best Practices”

March 18, 2013 NIC Women’s committee – talk by Dr. Deepak Vaid

March 6, 2013 Seminar on General Aviation: The Next Steps

March 4-6, 2013 US India Aviation Security Summit

February 20, 2013 NIC – Women’s Committee - Sip & Sup Evening

February 15, 2013 Workshop on Transfer Pricing

February 11, 2013 Talk by Dr. Sudhir P Srivastava, World renowned and the only Cardiothoracic Robotic Surgeon in India

February 8-9, 2013 Security Conclave : International Conference & Expo on Security, Intelligence & Technology

February 1, 2013 Cocktails-Dinner to be hosted by Mr. Lalit Bhasin

January 23, 2013 Inauguration of 6th International Festival of Cellphone Cinema at Marwah Studio

January 20, 2013 NIC Women’s Committee One day Trip to Agra

January 18, 2013 NIC Women’s Committee – Farewell to Ms Valerie Brandt, Past Chairperson, Women’s Committee and

W/o of Mr. Blair Hall, Minister Counselor for Economic, Environment & Science Affairs, US Embassy AT

Mrs. Meeta Madhok’s residence

January 11, 2013 Seminar on Opportunities & Challenges in Aerospace Component Manufacturing – BASA Regime

December 12, 2012 IACC-Citi Bank Knowledge Series

December 10, 2012 IACC NIC Women’s Committee – Christmas Party

December 4, 2012 Select Group meeting with the senior US Embassy officials

December 3, 2012 Meeting with Ms Julia R Stanley, Minister Counselor for Consular Affairs, US Embassy

November 23, 2012 RC Meeting followed by Cocktails Dinner hosted by Mr. Asoke K Laha, EVP, IACC

November 19, 2012 Post Diwali Get together

October 19, 2012 IACC-Citi Bank Knowledge Series - Regulatory framework & Foreign Exchange Management Act

(FEMA) guidelines for Export Import Foreign Exchange”

October 10, 2012 High tea/cocktails in honour of the New Regional President & New ladies in Town on Palace on Wheels

September 12-13, 2012 8th Indo-US Economic Summit : Emerging Frontiers in the Indo-US Economic Cooperation

August 24, 2012 NIC fellowship Night

August 9, 2012 IACC – Citi Bank Knowledge Series

August 6, 2012 Interactive Session with Chairman, Airports Economic Regulatory Authority (AERA)

70


Varanasi Branch

February 28, 2013 Live telecast on Union Budget 2013

November 29, 2012 Annual Day 2012 Topic “Opportunities of Indo-US Trade in Agro & Agro Based Industries/Products

with Reference to Eastern U.P.”

November 28, 2012 Dev Deepawali Celebration

EAST INDIA COUNCIL

July 12, 2013 Indo-US Fellowship Night

June 28, 2013 US Visa-Application and Procedure

May 28, 2013 Awareness Programme on the Commodity Market

May 17, 2013 The Emerging Women Leadership in the Present Millennium

April 12, 2013 Award Ceremony

April 6, 2013 Environmental Compliance in Relation to Industries & Beyond

April 6, 2013 Indo-US Business Relation- An Analysis

March 19, 2013 Engaging with New Jersey Trade Mission

March 6, 2013 Enhancing Employable Skills & Academic Interface with Industry

February 22, 2013 Effective Leadership-A Key to Sustainable Growth

January 16, 2013 Financing Facilities for Indo-US Trade

December 20, 2012 Developing Indo-US Business in the Eastern Region

November 7, 2012 42nd ANNUAL MEMBERS CONVENTION

October 31, 2012 ‘Indo-US-Biz the Growth Prospects’

October 17, 2012 Meeting with Ms. Janice Corbett & Ms. Margaret Hanson-Muse

September 26, 2012 ‘The New US Visa Application Process’

August 30, 2012 Reception in Honour of Past Presidents of EIC & “Indo-US Equation and Bonding and the Road Ahead”

August 22, 2012 Role of Human Rights in International Trade

Orissa Branch

March 8, 2013 Emerging Opportunities for Indo-US Business in Odisha

71


72


73


74


75


MUMBAI, 3 AUGUST, 2013

76


INDO AMERICAN CHAMBER OF COMMERCEBALANCE SHEET AS AT 31ST MARCH, 2013

Particulars NotesAs at

31st March, 2013Rupees

As at31st March, 2012

Rupees

I. RESERVES AND LIABILITIESReserves and Surplus 3 81,179,982 77,403,381

81,179,982 77,403,381

Non Current LiablitiesLong Term Provisions 4 254,484 282,583

254,484 282,583

Current LiabilitiesTrade Payables 5 1,431,717 1,241,909 Other Current Liabilities 6 8,643,099 11,099,575 Short Term Provisions 7 499,865 827,873

10,574,681 13,169,357

Total Equity and Liabilities 92,009,147 90,855,321

II.ASSETSNon Current AssetsFixed Assets - Tangible 8 6,073,901 6,623,292 Long Term Loans and Advances 9 4,446,850 2,949,331 Other Non Current Assets 10 8,727,810 12,915,271

19,248,561 22,487,894

Current AssetsCurrent Investments 11 132,171 119,748 Trade Receivables 12 215,176 299,614 Cash and Bank Balances 13 70,396,892 63,497,020 Short Term Loans and Advances 14 383,941 3,221,540 Other Current Assets 15 1,632,406 1,229,505

72,760,586 68,367,427

Total Assets 92,009,147 90,855,321

See accompaning notes forming part of the financial statements 1-28

In terms of our report attached For and on behalf of the Executive CouncilFor A.F. Ferguson & Co.Chartered Accountants

Rajesh K Hiranandani Shourya Mandal Chella K. Srinivasan Partner President Executive Vice President

Mumbai: 3 August 2013 Mumbai: 3 August 2013

77


Particulars NotesAs at



Rupees

Revenue:Membership Subscriptions 16 24,542,558 23,298,270 Other Income 17 9,455,416 9,809,644 Total 33,997,974 33,107,914

Expenses:Employee Benefits Expense 18 14,846,682 14,435,965 Depreciation 8 747,855 888,422 Other Administrative Expenses 19 16,928,142 16,904,592 Total 32,522,679 32,228,979

Excess of Income over Expenditure before tax 1,475,295 878,935

Tax Expenses [see Note 1 (x)] - -

Excess of Income over Expenditure before tax 1,475,295 878,935

See accompaning notes forming part of the financial statements 1-28

In terms of our report attached For and on behalf of the Executive CouncilFor A.F. Ferguson & Co.Chartered Accountants

Rajesh K Hiranandani Shourya Mandal Chella K. Srinivasan Partner President Executive Vice President

Mumbai: 3 August 2013 Mumbai: 3 August 2013

INDO AMERICAN CHAMBER OF COMMERCEINCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013

78


INDO-AMERICAN CHAMBER OF COMMERCE

NOTES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013 AND THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED ON THAT DATE

1. Significant accounting policies

i) Basis of accounting

The financial statements are prepared under historical cost convention on an accrual basis and are in accordance with the requirements of the Companies Act, 1956 and comply with the Accounting Standards referred to in sub-section (3C) of Section 211 of the said Act. The Chamber is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Chamber has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

ii) Fixed assets and depreciation

All fixed assets are stated at cost of acquisition less accumulated depreciation. Depreciation is provided on written down value method, at the rates and in manner specified in Schedule XIV of the Companies Act, 1956, except that:

a) Depreciation on office equipment, electrical installations and air conditioners is provided at the rate of 33 1/3 percent and on computers is provided at the rate of 40 percent; and

b) Depreciation on additions is provided for the full year irrespective of the date of addition and no depreciation is provided on deletions in the year of disposal.

iii) Investments

Long term investments are valued at cost. A provision for diminution is made to recognise other than temporary decline in the value. Current investments are valued at lower of cost and fair value

iv) Foreign currency transactions

Transactions in foreign currencies are accounted at the exchange rate prevailing on the date of the transaction. The assets/liabilities denominated in foreign currencies at the year end are re-stated at the closing rates of exchange. Gains or losses arising on realisation and on re-statement as aforesaid are credited/debited to the income and expenditure account.

v) Government grants

Government grants related to specific fixed assets are shown as deduction from the gross value of the relevant asset to arrive at their book values.

79




vi) Income recognition

a) Membership subscription – The Chamber accounts for membership subscription when received on a proportionate basis.

b) Income from seminars, symposia, meetings and trade delegations are accounted for on rendering of the service.

c) Advertisement revenue is accounted on release of the publication. d) Interest – Interest on deposits with banks and investments is accounted on a time proportion

basis.

vii) Patron membership fees

a) The fees received from patron members are directly credited to reserves and surplus under “Patron membership fee reserve”. An amount equivalent to the membership fees that would have been payable by such members had they been enrolled as ordinary members is transferred from the said reserve to the income and expenditure account.

b) Income earned from investments and deposits attributable to funds received towards patron membership fees is transferred from the Income and Expenditure Account to “Patron membership fee reserve”. Such income attributable is determined by applying the average rate of return earned by the Chamber during the year (on its funds invested / deposited) to the cumulative funds received towards patron membership fees.

viii) Entrance fees

Entrance fees received from members are considered as on capital account and credited directly to Members’ reserve.

ix) Employee Benefits

(a) Short term employee benefits: Short term employee benefits are recognised as an expense at the undiscounted amount in the income and expenditure account of the year in which related service is rendered.

(b) Long term employee benefits: a. Defined Contribution Plan:

Provident Fund:

The eligible employees of the Chamber are entitled to receive post employment benefits in respect of provident and family pension fund, in which both employees and the Chamber make monthly contributions at a specified percentage of the employees’ eligible salary (currently 12% of employees’ eligible salary). The contributions are made to Employees Provident Fund Organisation which are charged to the income and expenditure account. Provident Fund and Family Pension Fund are classified as Defined Contribution Plans as the Company has no further obligations beyond making the contribution.

80




b. Defined Benefit Plan:1) Gratuity

The Chamber has an obligation towards gratuity, a defined benefit plan covering eligible employees. The plan provides a lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days salary payable for each completed year of service or part thereof in excess of six months. Vesting occurs upon completion of five years of service. The Chamber has obtained an insurance policy from the Life Insurance Corporation of India (LIC) and makes an annual contribution to LIC for amounts notified by LIC. The Company accounts for gratuity benefits payable in future based on an actuarial valuation by LIC carried out at the end of the year. Actuarial gains and losses are recognised in the income and expenditure account.

2) Compensated absences

The Chamber provides for encashment of leave or leave with pay subject to certain rules. The employees are entitled to accumulate leave subject to certain limits for future encashment/availments. The liability is provided based on number of days of unutilised leave at each balance sheet date and is computed on arithmetical basis.

x) Taxation

The Chamber contends that its activities continue to fall within the amended definition of the term ‘charitable purpose’ as given in section 2(15) of the Income-tax Act, 1961 (“Act”) and consequently its income ought to be computed in accordance with the provisions of section 11 of the Act. Accordingly, no provision for tax has been made in its books of the accounts for the year. Alternatively, the Chamber could also choose to be governed by the principles of mutuality.

2. The Chamber is incorporated under section 25 of the Companies Act, 1956 having no share capital. The Chamber is prohibited from distributing surplus to its members. Each member, while he is a member or within one year afterwards, undertakes to contribute an amount not exceeding rupees one hundred to the shortfall in the assets of the Chamber in the event of winding up. Any surplus upon winding up or dissolution of the Chamber shall be given or transferred to such other Chamber or Association having objects similar to the objects of the Chamber to be determined by the members of the Chamber at or before the time of dissolution or in default thereof, by the High Court of Judicature that has or may acquire jurisdiction in the matter.

81


3. Reserves and Surplus

ParticularsAs at



Rupees

Members ReserveBalance as per last balance sheet 12,803,573 11,643,573 Add: Entrance fees received during the year 1,101,306 1,160,000 Closing Balance 13,904,879 12,803,573

Patron membership fee reserve [see note 1 (vii)(a)]Balance as per last balance sheet 33,870,094 30,345,173 Add:Patron membership fees received during the year 1,200,000 1,900,000 Less:Credited to income and expenditure account 820,000 782,500 Add:Credited from income and expenditure account 2,605,919 2,407,421 Closing Balance 36,856,013 33,870,094

General reserveBalance as per last balance sheet 4,133,180 4,133,180 Closing Balance 4,133,180 4,133,180

Income and Expenditure AccountBalance as per last balance sheet 26,596,534 27,342,520 Add: Excess of Income over Expenditure 1,475,295 878,935 Add: Transfer from patron membership reserve 820,000 782,500 Less: Transfer to patron membership reserve 2,605,919 2,407,421 Closing Balance 26,285,910 26,596,534

Total 81,179,982 77,403,381

4. Long Term Provisions

ParticularsAs at



Rupees

Provision for Employee BenefitsCompensated absences 254,484 282,583

Total 254,484 282,583

5. Trades Payable

ParticularsAs at



Rupees

Trade Payables (See note 26) 1,431,717 1,241,909

Total 1,431,717 1,241,909

INDO AMERICAN CHAMBER OF COMMERCENotes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditureaccount for the year ended on that date

82


6. Other Current Liabilities

ParticularsAs at



Rupees

Subscription/Entrance fee received in advance 6,806,696 7,976,039Payables for Statutory dues 497,200 2,147,295Payables to Employees for salary, bonus, etc. 1,001,595 976,241Other Advances 337,608 -

Total 8,643,099 11,099,575

7. Short Term Provisions ` `

ParticularsAs at



Rupees

Provision for Employee BenefitsGratuity 108,355 478,628 Compensated absences 391,510 349,245

Total 499,865 827,873

Notes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditureaccount for the year ended on that date

INDO AMERICAN CHAMBER OF COMMERCE

83


INDOAMER

ICANCH

AMBE

ROFCO

MMER

CENotes

form

ingpa

rtof

theBa

lanceSheeta

sat

31stMarch

2013

andtheIncomean

dExpe

nditu

reaccoun

tfor

theyear

ende

don

that

date

8.FIXE

DASSETS

Rupe

es

DESCR

IPTION

As on 1st A

pril

Additio

ns

Ded

uctio

nsAs at 3

1st

For the

On

As at 3

1st

As at 3

1st

2012

durin

g the

durin

g the

March, 201

3year

Ded

uctio

nsMarch, 201

3March, 201

2year

year

TANGIBLE

ASSETS

Freeho

ld Premises

7,95

0,18

9

-

-

7,95

0,18

9

2,79

8,606

257,57

9

-

3,05

6,18

5

4,89

4,004

5,15

1,58

3

(i) Office Equipm

ent

219,89

5

-

-

219,89

5

-

-

-

-

219,89

5

219,89

5

Less: governm

ent g

rant re

ceived

(219

,895

)

-

-

(219

,895

)

-

-

-

-

(219

,895

)

(219

,895

)

(ii) o

ther th

an (i) abo

ve5,30

8,638

180,964

-

5,48

9,60

2

4,69

7,797

307,46

7

-

5,00

5,264

484,33

8

610,84

1

Electrical Installatio

ns31

2,42

4

-

-

312,424

273,74

2

13,597

-

287,33

9

25,085

38,682

Air C

onditio

ners

508,27

8

17,500

-

525,77

8

422,78

8

34,336

-

457,124

68,654

85,490

Furnitu

re and Fixtures

3,57

6,88

2

-

-

3,57

6,88

2

2,84

0,186

134,876

-

2,97

5,06

2

601,820

736,696

Vehicles

1,16

0

-

-

1,16

0

1,16

0

-

-

1,16

0

-

-

Total

17,657

,57 1

198,464

17,856

,035

11,034

,279

747,855

11,782

,134

6,07

3,901

6,62

3,292

Previous

yea r

17,385

,885

397,15

2

125,466

17,657

,571

10,270

,380

888,422

124,523

11,034

,279

6,62

3,292

Upto 31

st M

arch,

2012

Upto 31

st M

arch,

2013

DEP

RECIATION

WRITTEN

DOWNVA

LUE

COST

84


ParticularsAs at



Rupees

Income tax receivable 3,649,269 2,151,475 Security deposits for premises and others 797,581 797,856

Total 4,446,850 2,949,331

10. Other Non Current Assets

ParticularsAs at



Rupees

Deposits with banks with maturity of more than twelve months from the balance sheet date 8,176,490 12,203,858 Interest accrued on fixed deposits with banks 551,320 711,413

Total 8,727,810 12,915,271

11. Current Investments

ParticularsAs at



Rupees

Unquoted, (at lower of cost and fair value)

12,995 units (as at 31st March, 2012: 12,423 units) of Rs. 10 each of Unit Trust of India Balanced Fund - Dividend Plan - Re-investment 132,171 119,748

Total 132,171 119,748

12. Trade Recievables (Unsecured and Considered Good unless stated otherwise)

ParticularsAs at



Rupees

Outstanding for period exceeding Six months from the date they are due for payment (doubtful) 500,000 500,000 Less: Provision for doubtful trade receivables (500,000) (500,000)

- - Others 215,176 299,614

Total 215,176 299,614

Notes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditure accountfor the year ended on that date

9. Long Terms Loans and advances (Unsecured and considered good unless stated otherwise)


85


13. Cash and Bank Balances

ParticularsAs at



Rupees

Balance with Bankson current accounts 13,175,748 13,142,127 on savings account 259,936 278,976 On deposits with original maturity of less than three months 5,863,749 208,970 Cash on hand 54,302 82,843 Other bank balanceDeposits with maturity of more than three month and less than twelve months 51,043,157 49,784,104

Total 70,396,892 63,497,020

ParticularsAs at



Rupees

Advances to suppliers 108,623 629,119 Income tax receivable - 2,538,560 Other advances 275,318 53,861

Total 383,941 3,221,540

ParticularsAs at



Rupees

Interest accrued on deposits with banks 1,632,406 1,229,505

Total 1,632,406 1,229,505

14. Short Terms Loans and advances (Unsecured and considered good unless stated otherwise)

15. Other Current Assets

INDO AMERICAN CHAMBER OF COMMERCENotes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditure accountfor the year ended on that date

86


16. Membership Subscriptions

ParticularsAs at



RupeesMembership subscription 18,678,096 17,839,572 Membership subscription for Aviation Co-operation Program 5,864,462 5,458,698

Total 24,542,558 23,298,270

17. Other Income

ParticularsAs at



RupeesInterest on fixed deposits with banks 5,924,058 5,376,416 Interest on saving account with bank 10,962 13,119 Dvidend from current investment 12,423 11,825 Interest on Income Tax Refund 354,322 - Sale of publications 79,000 500 Advertisement revenue (Newsletter and other publications) 553,369 858,445 Seminars, symposia and meetings (net) [See note 22(a)] 2,321,944 3,151,756 Sale of members' directory 4,500 6,850 Trade delegation [See note 22(b)] - 366,147 Profit on sale of fixed assets - 4,357 Rent Income 112,000 - Miscellaneous income 82,838 20,229

Total 9,455,416 9,809,644

18. Employment Benefits Expense

ParticularsAs at



RupeesSalaries, bonus and allowances 12,885,640 12,973,323 Chamber's contribution to provident fund 669,747 671,944 Chamber's contribution to gratuity fund 202,960 - Medical benefits 335,792 373,038 Compensated absences 322,813 217,680 Staff training 112,771 - Staff welfare 316,959 199,980

Total 14,846,682 14,435,965


Notes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditure Account

87


19. Other Administrative Expenses ` `

ParticularsAs at



Rupees

Rent 3,335,490 3,025,085 Repairs and Maintenance 543,282 601,841 Rates and taxes 142,261 245,241 Advertisement 345,946 73,725 Annual general meeting expenses 335,652 346,481 Trade receivable written off 206 12,532 Electricity 604,457 407,940 Postage and courier charges 273,608 273,472 Printing and stationery 864,266 1,159,023 Provision for doubtful debts - 500,000 Legal and Professional charges 8,348,867 8,318,251 Telephone and fax 480,710 501,593 Travelling and Conveyance 669,264 587,245 Website development, maintenance and internet charges 476,926 342,838 Miscellaneous expenses 507,207 509,325

Total 16,928,142 16,904,592


Notes forming part of the Balance Sheet as at 31st March 2013 and the Income and Expenditure Account

88




20. Earnings in foreign currency

Year ended 31st March, 2013

Rupees


RupeesMembership subscription (including for Aviation Co-operation Programme)

2,872,773 2,876,926

Seminars, symposia and meetings 1,165,308 619,313

21. Expenditure in foreign currency


Rupees


Rupees

a) Seminars, symposia and meetings 2,625,808 260,594

22. The income shown in the income and expenditure account, which are in the nature of excess recoveries, are after deduction of the following expenses:


Rupees


Rupeesa) Seminars, symposia and meetings 14,666,995 12,830,647

b) Trade delegation - 103,853

23. Auditors’ remuneration (excludes service tax) # Year ended

31st March, 2013 Rupees


RupeesAudit fees 175,000 175,000

Other services

Out of pocket expenses

12,000

2,082

12,000

1,162

# excludes Rs. Nil (year ended 31st March, 2012 Rs 62,000) paid for taxation matters to a firm of Chartered Accountants where some of the partners are also partners in that firm.

89




24. Related Party Disclosures

a) Name of the related party and the nature of relationship:

Key Management Personnel Mr. R. K. Chopra – Secretary General Mr. Arjun Singh – Director

b) Transactions with related party:

Nature of Transactions Year ended 31st March, 2013

Rupees


Rupees Remuneration – Professional fees (includes service tax) - Mr. R. K. Chopra - Mr Arjun Singh (Uptill 31st January, 2013)

2,921,3513,932,600

2,404,2604,632,600

c) There are no amounts which are provided for as doubtful nor written off or written back during the year.

25. Employee benefits

a) Contribution to defined contribution plan, recognized in the Income and Expenditure Account for the year is as under:


Rupees


Rupees Employer's contribution to Provident Fund 669,747 671,944

b) Defined Benefit Plan - Gratuity (funded)

Actuarial assumptions 31st March, 2013

31st March, 2012

Mortality Table LIC (1994-96) (Ultimate)

LIC (1994-96) (Ultimate)

Discount rate 8.00% 8.00% Expected rate of return on Plan Assets 9.00% 9.00% Salary escalation 4.00% 4.00%

The above information is disclosed based on actuarial valuation provided by LIC

90




26. There are no amounts due to the suppliers covered under Micro, Small and Medium Enterprises Development Act, 2006; this information takes into account only those suppliers who have responded to the enquiries made by the Chamber for this purpose. This has been relied upon by the auditors.

27. The Company has received a show cause cum demand notice from the Additional Commissioner of Service Tax contending that value of seminars, symposia and meetings should be considered for payment of service tax amounting to Rs.3,965,255/- (Previous year Rs. Nil) plus interest and penalty as applicable. The Company has replied to the show cause cum demand notice and expects a favorable outcome.

28. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's figures.

For and on behalf of the Executive Council

Mumbai: August 3, 2013 Shourya Mandal Chella K. Srinivasan President Executive Vice President

91


92

4444th AnnuAl RepoRt 2012 - 13INDO-AMERICAN CHAMBER OF COMMERCEEXECUTIVE COUNCIL FOR THE YEAR 2012-13

Mr. Shourya Mandal (President) Fox Mandal

Mr. Anand Desai (Immediate Past President) DSK Legal

Mr. Chella K Srinivasan (Executive Vice President) S Viswanathan

Mr. Asoke K Laha (Immediate Past President) Interra Information Technologies (India) Pvt Ltd

Ms. Aslesha Gowariker Desai & Diwanji

Mr. Ajit Chakravarti Talman Associates

Mr. Annam Dilip Kumar Fortune Bio-tech Ltd

Mr. Ashutosh Parasnis Qlogic India Pvt Ltd

Mr. Atul Sharma Link Legal

Mr. Baljit Sobti Systems Tek India Pvt. Ltd

Mr. Jawahar Sharma Cinergy Independent Film Services Ltd.

Mr. Govind Baldva Sugam Fashions Pvt Ltd

Mr. G Narayanaswamy S Venkatram & Co

Ms. Heena Gorsia Gorsia Handicrafts & Design Pvt Ltd

Mr. Himanshu Vyas Ayurnet Healthcare Pvt. Ltd

Ms. Madhulika Gupta Repute Public Affairs & CSR Solutions

Mr. Ramesh Datla Elico Ltd

Mr. N V Srinivasan NVS & Associates

Ms. Poorvi Chothani Lawquest

Mr. Pradeep Udhas KPMG Advisory Pvt. Ltd

Dr. Prasad Medury Amrop India

Mr. Prashant Krishnan S’Tronics Pvt Ltd

Ms. Priya Chetty Rajagopal Stanton Chase International Management Service Ltd

Mr. Raghvendra Ponkshe Bhate & Ponkshe

Mr. S B Prabhakar Rao Chemplast Sanmar Ltd

Mr. S Chandrasekar International Infrastructure Consultants Pvt Ltd

Mr. S K Sarkar B N Misra & Co

Dr. G C Gopala Pillai Kerala State Electronics Development Corp. Ltd.

Mr. Shamsunder Aggarwal DBS Financial Services Ltd

Mr. Vasanth Kini Titanium Industries India Pvt Ltd

Mr. Vinay Kumar C2C Consulting Pvt Ltd

Mr. Naushad Panjwani (Co-opted Member) Knight Frank India Pvt. Ltd

Mr. Vijay Narayan Govind (Co-opted Member) Varma & Varma

Mr. Saud Siddique (Co-opted Member) SREI Infrastructure Finance Ltd

Dr. Sankaran P. Raghunathan (Co-opted Member) National Management School

Mr. Sudhir Gupta (Co-opted Member)

93


NORTHERN REGIONMr. Lalit Bhasin Regional President Bhasin& Co, AdvocatesDr. Shubnum Singh Regional Vice President Nursing, Allied Health, & Wellness Programs Max Healthcare Institute LtdMr. S K Sarkar Past President Sarkar & AssociatesMr . Todd Hattaway Member Hawker Beechcraft International Service CompanyMr. Amit Chatterjee Member American Society for Quality India Pvt LtdMr. Debashis Mukherjee Member Maajhdia InternationalMr. Gurnam Arora Member Kohinoor Foods LimitedMr. Ashish Wig Member Wig Brothers (I) (P) LtdMs. Rita Singh Member Mesco SteelMr. Manjit Rajain Member Peregrine Guarding Pvt LtdMr. Ashish Chandiok Member Walker Chandiok & AssociatesMr. Nikhil Khanna Member Raytheon India Mr. Ajay Pradhan Member CH2M HillMr. Raman Roy Member Quatrro BPO Solutions Pvt. Ltd.Mr. Samir Modi Member Godfrey Phillips India Limited Dr. Naresh Trehan Member Medanta- The Medicity

VARANASI BRANCHAhsan Khan Chairman Ahsan ExportsArun Kumar Agrawal First Vice Chairman Silk Creations P. LtdShubrato Kumar Paul Second Vice Chairman S. PaulR.K. Goel Member Triveni Handlooms Ltd.Kailash Narain Baranwal Member Kailash Rug IndustriesBharat Kumar Agrawal Member Diesel Components Pvt. Ltd.Ravi Patodia Member Patodia ExportsAnita Dey Member W.H. Smith Memorial SchoolSahilGarg Member Raman Agro Exports Pvt. Ltd.Adarsh Jhunjhunwala Member JVl Agro Industries Ltd.Saurabh Shah Member R.K. Shah PolytubesHari Prasad Murarka Member Point Hydraulics Pvt. LtdMehul Mehrotra Co-opt Member Champo CarpetsVinay Shukla Co-opt Member Vindhya Wasini Carpet IndustriesSandeep Wahi Co-opt Member Manglam Inter Tex Ltd

SOUTHERN REGIONMr. Hiren Shah Regional President Dynamic ComputersMr. Gopi Chand Imm. Past Regional TERA SOFTWARE LTD President Mr. V. Srinivasan Vice Regional President SJS Enterprises Pvt LtdMr. P. Bhaskara Narayana Member Natco Pharma LtdMr. S. Purnachandra Rao Member GLOBAL INFOVISION PVT. LTD.Mr. M. Madan Mohan Reddy Member AUROBINDO PHARMA LIMITED Mr. Rabindra Srikantan Member ASM Technologies Limited Mr. Sarbajit Ghose Member Laguna Clothing Pvt. Ltd. Mr. Prahlad Achutharao Member Geschickten Biosciences Mr. Saju K. Thomas Member Popular Motor CorporationMr. Vijay Narayan Govind Member Varma & VarmaMr. Ulhas V Saraf Member Saraf Trading Corporation Pvt. Ltd.Mr. S. Ravishankar Member Super Auto Forge LtdMr. N.V. Srinivasan Member NVS & AssociatesMr. Javajee Munirathan Co - Opted Members Javaji M Consulting Pvt Ltd Mr. J Raman Govindarajan Co - Opted Members Perfsystems (India) Pvt. Ltd.

KARNATAKA BRANCHMr. V. Srinivasan Chairman SJS Enterprises Pvt LtdMr. Rabindra Srikantan Senior Vice Chairman ASM Technologies LtdMr. SarbajitGhosh Vice Chairman Laguna Clothing Pvt LtdMr. Prahlad Achutharao Member Interpretomics India Pvt. Ltd.Mr. Sanjay Simha Member Green Channel Logistics CentreMr. Sanjeev Gulati Member Infinite Computer Solutions India Private LimitedMr. Javaji Munirathnam Member Supreeme Pharmaceuticals Mysore Private Limited Mr. S. N. Rao Member Javaji M Consulting Pvt. Ltd Ms. Munira Sen Member Civilia India Educational Programmes Pvt LtdMr. Madan Padaki Member Sylvant Advisors Pvt Ltd.

REGIONAL COUNCIL AND BRANCH COMMITTEES FOR THE YEAR 2012-13

94


TAMIL NADU BRANCHMr. T. N. Venkatanarayanan Chairman DivIHN Soft Systems (P) LtdMr. C. Suresh Reddy First Vice Chairman Hanu Reddy Realty India Pvt LtdMr. H.E. Abdul Azeez Second Vice-Chairman A.I. EnterprisesMr. M Murali Member Sri Krishna SweetsMr. Umesh M Pujara Member ASE Structure Design P LtdMr. M. Ponnuswami Member Pon Pure Chem (P) LtdMr. Srinivas Acharya Member Sundaram Finance LtdMr. Avneesh Saksena Member Larsen & Toubro Ltd (L&T Integrated Engineering Services)Mr. S. Ramaprasad Member CADD Centre India Private LtdMr. A. Sekhar Member Spike Power Protection Systems & TechnologiesMr. K. Ramasamy Member Roots Industries LtdMr. Ajay Virmani Member Auroma Logistics Pvt. LtdMr. K. Vaitheeswaran Co-opted Members K. Vaitheeswaran & Co.Mr. N.V. Venkatasubramanian Co-opted Members L&T Valves LtdMr. Shamil Bicha Co-opted Members Avalon Technologies Pvt. Ltd

ANDHRA PRADESH BRANCHMr. R. B. V.V. Narasimha Raju Chairman Elico Marketing Pvt. LimitedMr. Ravi Vishnu Vice Chairman CSS Technergy LimitedMr. KannattSurendran Vice Chairman Bounty Property Management Pvt. Ltd.Mr. Radhakrishna C Member India Insure Risk Management & Insurance Broking Services Pvt. LtdDr. Shrini Pillalamarri Member Grapesoft Solutions Pvt. LimitedMr. Chandrajit Narra Member HiQ Business Solutions Pvt. Ltd.Mr. Aditya Margam Member Asia Graduate School of BusinessMr. Satish Gudaru Member Lasys Technologies Pvt. LimitedMr. R. Govind Hari Member Pushpagiri Vitreo Retina InstituteMr. V.V. Krishna Reddy Member Sri Krishna Pharmaceuticals Ltd Mr. M. Ramakrishna Member ZCS Consulting Limited Mr. Kambam Ramesh Member Smart Agro Industries Corporation Private Ltd

KERALA BRANCHDr. Prakash Chandran A. Chairman Consultant Psychologist Dhanyas Doctor’s ChamberMr. P. Narayan Vice-Chairman Chakiat Agencies Pvt. Ltd.Mr. Ulhas V. Saraf Vice- Chairman Saraf Trdg. Corpn. Pvt. Ltd.Mr. O. T. Alexander Member National Seafoods CompanyMr. Cyriac Davies Member KITCO LimitedMr. G. Suseelan Member Nitta Gelatin India Ltd.Mr. E. M. Najeeb Member Airtravel Enterprises India Ltd.Mr. G. N. Nair Member Kerala State Coir Corpn. Ltd.Mr. P. V. Gangadharan Member Kerala Transport CompanyMr. K. Padmakumar Member Public Sector Restructuring & Internal Audit Board (RIAB)Mr. V. R. Balu Member Kinfra Export Promotion Industrial Parks Ltd.Mr. K. G. GirishBabu Member Technopark

EASTERN REGIONMr. Shantanu Deb Mookerjea Regional President Invigorsys Consultants LtdMs. Heena Gorsia Imm. Vice President Gorsia Handicrafts & Design Pvt Ltd.Mr. Sudipta Das Senior Vice President Ernst & Young Pvt. Ltd.Mr. B Hari Member Ontrack Systems Ltd.Mr. Basant Kumar Nahata Member M/S Panhiram NahataMr. Vinod Kumar Jain Member Secure Print SolutionsMR. R. N. Ghoshal Member Tidewater Oil Companies India LimitedMr. S. P. Mukherjee Member Databazar India Pvt.Ltd.Mr. S Radhakrishnan Member Descon Ltd.Mr. Prabir Dasgupta Member Nevaeh Technology Pvt.Ltd.Mr. Soumen Mukerji Member Pricewaterhouse Coopers Pvt.Ltd.Mr. Ashish Chhawchharia Member Grant ThorntonMr. Sanjeev Sancheti Member SREI

ORISSA BRANCHMr. Dharmaditya Patnaik Chairman ACE Commercial Co Pvt. LtdMr. Dibyalok Patnaik Ex-Chairman Ace Minerals Co. Pvt. Ltd.Mr. Abanis Nayak Member Ishwar Software Services Pvt. Ltd Mr. Pragati Kumar Mohanty Member Surendra Mining Industries Pvt. LtdMr. Prabodh Mohanty Member M/s. S.N. MohantyMr. Ramesh Kumar Sahu Member Noble Gas Limited

95


Mr. Pankaj Lochan Mohanty Member M/s. MGM Minerals LtdMr. Sidharth Pradhan Member M/s.K.C .Pradhan Minerals Pvt. Ltd.Mr. Aditya Dash Member Ram’s Assorted Cold Store LtdMr. Parthajeet Patnaik Member Falcon Real Estate Ltd.Mr. Jitendra Mohan Gupta Member Gupta Power Infrastructure Ltd.Mrs.Sanjana Sanghamitra Das Member Ace Air Service Pvt. Ltd

WESTERN REGIONMr. Nanik Rupani Regional President Neutron Electronic Systems Pvt. Ltd.Mr. Anand Selvakesari Imm.Past President Citibank N. A.Ms. Rajyalakshmi Rao Regional Vice President National Consumer Disputes Redressal Commission GoIMs. Poorvi Chotani Member LawquestMs. Aslesha Gowariker Member Desai DiwanjiMs. Harshbeena Zaveri Member NRB Bearings Ltd.Ms. Madhulika Gupta Member Repute Public Affairs & CSR SolutionsMr. Saurabh Sonawala Member Hinditron Infosystems Pvt. Ltd.Mr. Sameer Gupta Member Ernst & Young Pvt. Ltd. Ms. Madhavi Vora Member ULJK GroupMr. Ashish Vaid Member Ashish Estates & Properties Pvt. Ltd.Mr. Prabodh Thakker Member Aon Global Insurance Brokers Pvt. Ltd.Mr. Raghvendra Gaikaiwari Member Hi Tech Biosciences India Ltd.Mr. ShekharAgharkar Member Arthtech Consultants Pvt. Ltd. Mr. Rajan Vasa Member Contech BPO Services Pvt. Ltd.Mr. Narendra Patel Member Nirman Corporation Mr. Naushad Panjwani Co-opted Knight Frank India Pvt. LtdMr. Jawahar Sharma Co-opted Cinergy Independent Film Services Pvt. Ltd.

GUJARAT BRANCHMr. Mihir Joshi IACC Chairman Gujarat Venture Finance Ltd.Mr. Pankaj Bohra IACC Sr.Vice-Chairman Pankaj Bohra & Co.Mr. Jaimin J. Shah IACC Vice-Chairman Dev Information Technology Pvt. Ltd.Mr. Narendra Patel Member Nirman CorporationMr. Rohit I. Choksi Member Ishwarlal Harjivandas Jewellers Pvt. Ltd.Mr. S. Mohnot Member Reliance Industries Ltd.Mr. Samir Shah Member Star Freight Pvt. LtdMr. Nitin Patel Member Lancer Fab Tech Pvt. LtdMr. Chamanlal Bhorania Member Soham Hi-Tech Parts Pvt. LtdMr. Chetan Parikh Member Easy Transcription & Software Pvt. Ltd.Mr. KirtanJani Member Maximum InternationalMs. Baageshree Savani Member E-mall Infotech Pvt. LtdMr. Sunil Kakkad Imm. Past Chairman Saiinfosystems (India) Ltd

PUNE BRANCHMr. Ranjjite Wanddricer Chairman Rembisys Technologies Pvt.Ltd.Mr. Shalendra Porwal Vice Chairman Battelle IndiaMr. Prashant Pansare Vice Chairman Inteliment Software Technologies Pvt.Ltd.Mr. Suresh Joshi Member Cache Technologies Pvt. Ltd. Mr. Anand Jog Member Darode-Jog Builders Pvt.Ltd.Mr. Gaurav Shah Member Deccan Industrial Explosives Pvt. LimitedMr. Ramesh Kadaganchi Member John Deere India Mr. Arun Chandrachud Member Yen Capital Mr. Saurabh Gadgil Member P. N. Gadgil JewellersMr. Salil Gore Member SNDA & AssociatesMr. Rajiv Batra Member Cummins India LimitedMr. Nitin Deshpande Member AL scripts (India) Pvt.Ltd. Mr. Shekhar Agharkar Member Arthtech Consultants Pvt. Ltd.Mr. Raghavendra Ponkshe Member Bhate & PonksheMr. Raghavendra Gaikaiwari Member Hi Tech BioSciences India Limited Mr. Amarnath Mahashabde Member IEC Air Tools Pvt. Ltd.Mr. Ashutosh Parasni Member Qlogic India Private LimitedMr. Prashant Krishnan Member Stork Electronics Pvt Ltd

96

4444th AnnuAl RepoRt 2012 - 13IACC PAST PRESIDENTS

2012-13 Shourya Mandal Fox Mandal

2011-12 Anand Desai DSK Legal

2010-11 Gautam Mahajan Interlink Services (P) Ltd.

2009-10 Syed Badruddin Esbee Holdings Pvt Ltd

2008-09 S. K. Jain LMJ International Ltd

2007-08 Farokh T. Balsara Ernst & Young Pvt. Ltd.

2006-07 Deepak Pahwa Bry-Air (Asia) Pvt. Ltd.

2005-06 B Prabhakar JAPCON

2004-05 Ranjit Sen Guardian Plasticote Ltd.

2003-04 V. Rangaraj Essar Group

2002-03 Vinod C. Chandiok Walker, Chandiok & Co

2001-02 R. Veeramani Gem Granites

2000-01 Amit K Sen East India Pharmaceutical Works Ltd

1999-2000 Ramesh L. Dalal Dalal Consultants & Engineers Ltd.

1998-99 Kamal Meattle Paharpur Business Centre

1997-98 M V RajeshwaraRao Nirup Synchrome Ltd.

1996-97 Raghu Mody Rasoi Ltd.

1995-96 Hemant Sonawala Hinditron Group of Companies

1994-95 (*) S. S. Kanwar Raunaq Automotive Components Ltd

1993-94 P. D. Kothari Kothari Industrial Coprn. Ltd.

1992-93 Abhijit Sen Telelink Nicco Ltd.

1991-92 Ashok C. Pratap Ashok Pratap & Co

1990-91 M. K. Modi Modipon Ltd

1989-90 Nrupender Rao Nagarjuna Signode Ltd.

1988-89 Arun Ghosh Robson Black & Ghosh

1987-88 H. R. Prasad Schrader-Scovill Duncan Ltd

1986-87 (*) Bhai Mohan Singh Ranbaxy Laboratories Ltd.

1985-86 V. Narayanan Pond’s India Ltd.

1984-85 (*) Manmohan Singh Frick India Ltd.

1983-84 W. R. Correa Union Carbide India Ltd.

1982-83 A. Majumdar Tractors India Ltd.

1981-82 (**) John O. Sims Bank of America, NT & SA

1980-81 (**) N. S. Gilani The SNC Corporation

1979-80 (*) F. F. Richardson F. F. Richardson Management Consultants

1978-79 (*) P. L. Vahi Otis Elevator Co. India Ltd.

(**) David A. Artko Bank of America, NT & SA

1977-78 (**) G. B. Rich Citibank, N. A.

1976-77 (*) T. T. Vasu Time-Aids (India) Ltd.

1975-76 (**) Timothy J. Irvin Bank of America, NT & SA

1974-75 Harish Mahindra Mahindra & Mahindra Ltd.

1973-74 (**) A. R. Burton Trans World Airlines

1972-73 H. P. Nanda Escorts Ltd.

1971-72 (**) A. L. Tylor IBM World Trade Corporation

1969-71 (*) S. L. Kirloskar Kirloskar Cummins Ltd.

(*) Deceased (**) Left from India

97


1. AAKIT TECHNOLOGIES PVT LTD2. ACCENTURE INDIA PVT LTD3. ADITYA BIRLA GROUP4. AFFILIATED COMPUTER SER. OF INDIA (P) LTD5. AJANTA PHARMA LTD.6. ALAN SCOTT INDUSTRIES LTD7. ALLTEL INFORMATION (INDIA) PVT. LTD8. AMBIT CORPORATE FINANCE PTE LTD9. AMERICAN EXPRESS BANK LTD10. AMROOP INTERNATIONAL (P) LTD11. AMRUT INDUSTRIES LTD12. ASHOK PRATAP & CO.13. ASHRAJ FOODS & BEVERAGES PVT LTD14. ASIAN PAINTS (I) LTD.15. ASIANA HOTEL MANAGEMENT CO16. ACC LTD17. ATV PROJECTS INDIA LTD.18. AVAYA GLOBAL CONNECT19. AXIS BANK LTD20. B ARUNKUMAR & CO21. BAHWAN CYBERTEK PVT LTD22. BANK OF BARODA23. BANK OF INDIA24. BARINGS INDIA PVT LTD25. BAUSCH & LOMB INDIA LIMITED26. BELL HELICOPTER INDIA27. BHARAT HOTELS LTD28. BIRLA TYRES29. BLUE CROSS LABORATORIES LTD.30. BLUE DART EXPRESS LTD.31. BMG ENTERPRISES32. BRITT WORLDWIDE INDIA (P) LTD33. BRY-AIR (ASIA) (P) LTD34. CAMBIL SOFTWARE PVT LTD35. CAMAC CONSULTANTS PVT LTD36. CAMPHOR & ALLIED PRODUCTS LTD.37. CARLYLE INDIA ADVISORS PVT LTD38. CARLYLE INDIA ADVISORS PVT LTD39. CBAY SYSTEMS (INDIA) PVT LTD40. CCL PRODUCTS (INDIA) LTD41. CENTURION BANK LTD42. CHAMBAL FERTILIZERS & CHEMICAL LTD43. CHEMTROLS ENGINEERING PVT LTD44. CHICAGO PNEUMATIC INDIA LTD.45. CHINTELS INDIA LTD46. CITIBANK N A47. COGNIZANT TECHNOLOGY SOLUTIONS INDIA48. COLGATE PALMOLIVE (I) LTD.49. COLUMBIA TRISTAR FILMS OF INDIA LTD.50. CONTECH BPO SERVICES PVT LTD.

INDO-AMERICAN CHAMBER OF COMMERCELIST OF PATRON MEMBERS (as on June 19, 2013)

51. COROMANDAL FERTILISERS LTD52. CRB CAPITAL MARKETS LTD53. CUMMINS INDIA LTD54. DABHOL POWER COMPANY55. DALAL MOTT MACDONALD56. DATAMATICS LIMITED57. DBS FINANCIAL SERVICES PVT. LTD.58. DCW LIMITED59. DELOITTE HASKINS & SELLS60. DELL INTERNATIONAL SERVICES61. DE-NOCIL CROP PROTECTION PVT LTD62. DEVELOPMENTS CONSULTANTS LTD.63. DEVELOPMETN DIMENSIONS INTL. INDIA PVT LTD64. DHL WORLDWIDE EXPRESS (INDIA) PVT. LTD.65. DHARMADEV INFRASTRUCTURE PVT LTD66. DISHMAN PHARMACEUTICALS67. DSK LEGAL68. DSP MERRILL LYNCH LTD69. DUN & BRADSTREET INDIA PVT LTD70. DUPONT SPORTSWEAR LIMITED71. DYNAMIC COMPUTER SERVICES72. EAST INDIA PHARMACEUTICAL WORKS LTD.73. EASTERN PERIPHERALS LTD.74. EATON TECHNOLOGIES PVT LTD75. EIMCO ELECON (INDIA) LTD.76. EMC DATA STORAGE SYSTEMS INDIA P. LTD77. ELBEE SERVICES LTD.78. EMERSON PROCESS MANAGEMENT (I) P. L.79. EMTA COAL LTD 80. ENPEE KNITTERS81. ERNST & YOUNG INDIA PVT LTD82. ESERVE INTERNATIONAL LTD83. ESERVE INTERNATIONAL LTD84. ESSAR GROUP OF COMPANIES85. ESSEL PROPACK LIMITED86. EVEREADY INDUSTRIES INDIA LTD87. EXHIBITIONS INDIA PVT LTD 88. FINCH SOFTWARE INDIA PVT LTD89. FLUOR DANIEL INDIA PVT LTD90. FRANKLIN TEMPLETON ASSET MGT.91. GAMAPIY INFOTECH PVT LTD92. GANESH ANHYDRIDE LTD.93. GE APAR LIGHTING LTD94. GEEKAY EXIM (INDIA) LTD.95. GLOBAL INVOVISION PVT LTD96. GODFREY PHILLIPS INDIA LTD97. GODREJ INDUSTRIES LIMITED98. GOLDSHILED SERVICES PVT LTD99. GRAPHITE INDIA LTD.100. GRASIM INDUSTRIES LTD

98

4444th AnnuAl RepoRt 2012 - 13101. GRAINNGER INDUSTRIAL SUPPLY INDIA PVT LTD102. GUARDIAN PLASTICOTE LTD.103. GUJARAT VENTURE FINANCE LTD.104. HARVEST FINANCIAL LTD105. HAWORTH INDIA PVT LTD106. HEXAWARE TECHNOLOGIES INC.107. HIRANANDANI DEVELOPMENT CORPN LTD108. HINDITRON GROUP OF COMPANIES109. HINDITRON TEKTRONIX INSTRUMENTS LTD.110. HINDUSTAN LEVER LTD.111. HIROTEC INDIA112. HOUSING DEVELOPMENT FIN. CORPN. LTD.113. HSBC SECURITIES & CAPITAL MARKETS (I) P114. HUBTOWN LIMITED115. HYNOUP FOOD & OIL INDS LTD.116. INDIA INSURE RISK MANGT. SER. PVT LTD117. INDIAN SHAVING PRODUCTS LTD118. INDOFIL CHEMICALS COMPANY119. INDIAN OIL CORPORATION LTD120. INDIAN WOLLEN SOFTWARE PVT LTD121. INDUSTRIAL CABLES (I) LTD122. INGERSOLL-RAND (INDIA) LTD123. INGERSOLL-RAND (INDIA) LTD124. INTERRA INFORMATION TECHNOLOGIES (INDIA) PVT.

LTD125. INTERNATIONAL BUSINESS CONSULTANTS126. ISPAT GROUP127. ISPAT INDUSTRIES LTD128. ISHWARLAL HARJIVANDAS JEWELLERS PVT LTD129. IT PEOPLE (INDIA) LTD130. ITW SIGNODE INDIA LTD131. J B ADVANI & CO. LTD.132. J B BODA & CO PVT LTD133. JABIL CIRCUIT INDIA134. JKJ & SONS JEWELLERS135. J L MORISON (I) LTD.136. J M BAXI & COMPANY137. J M FINANCIAL & INVESTMENT CON.SER138. JAPCON139. JAYSYNTH DYECHEM LTD140. JM MORGAN STANLEY INDIA SECURITIES 141. JOHNSON CONTROLS (INDIA) PVT LTD142. K U ADVANI PVT LTD.143. K. RAHEJA CORP. PVT. LTD.144. K. RAHEJA CONSTRUCTIONS PVT LTD145. KALYANI FORGE LIMITED146. KELLOGG INDIA (P)LIMITED147. KHAITAN & CO.148. KIRLOSKAR OIL ENGINES LTD149. KOTHARI INDUSTRIAL CORPORATION150. KPMG PEAT MARWICK151. KUONI TRAVEL INDIA PVT. LTD.152. KUMAR BUILDERS

153. LANCER LASER TECH PVT LTD154. LAND MARVEL GROUP155. LARSEN & TOUBRO LTD.156. LAZARD INDIA PVT LTD157. LEHMAN BROTHERS SECURITIES P LTD158. LEO BURNETT159. LIPI DATA SYSTEMS160. LILAVATI HOSPITAL & RESEARCH CENTRE 161. LMJ INTERNATIONAL LTD162. LOKHANDWALA BUILDERS163. LOCKHEAD MARTIN GLOBAL INC.164. LUBRIZOL INDIA LTD165. LUPIN LTD.166. MAHARASHTRA HYBRID SEEDS CO. LTD.167. MAHAVIR PLANTATIONS LTD168. MAIHAR CEMENT169. MAKERS DEVELOPMENT SERVICES LTD.170. MAPLES ESM TECHNOLOGIES PVT LTD171. MARG LTD172. MARATHON REALTY LTD173. MASTEK LIMITED174. MCS SOFTWARE SOLUTIONS LTD175. MEADEAST INTERGRATED STEELS LTD176. MEADWESTVACO SINGAPORE PTE LTD177. MEENAKSHI GROUP178. MEGAVISA MKTG. & SOLUTIONS LTD179. MILLIPORE (INDIA) PVT. LTD.180. MOOG INDIA TECHNOLOGY181. MIOT HOSPITALS182. M M FORGINGS LTD.183. MODELAMA EXPORTS LTD184. MODIPON LIMITED185. MONSANTO TECHNOLOGIES INDIA LTD186. MOTIF INDIA INFOTECH187. MRF LTD188. MRIDUL PATHAK189. MTZ POLYESTERS LTD190. NATVAR PARIKH INDUSTRIES LTD.191. NEPC INDIA LTD192. NIRUP SYNCHROME LTD193. NETERWALA GROUP OF COMPANIES194. NITIN FIRE PROTECTION INDUSTRIES LTD195. NLC NALCO INDIA LTD196. NRB BEARINGS LTD.197. NSE IT LTD198. OFFICE OF THE PRINCIPAL RESIDENT COMMISSIONER199. OGILVY & MATHER PVT LTD200. ONWARD NOVELL SOFTWARE (INDIA)P. LTD.201. OWENS CORNING (INDIA)202. PAHARPUR COOLING TOWERS LTD203. PALLAVA GRANITE INDUSTRIES (I) PVT LTD204. PILLADILY HOTEL PVT LTD205. PTC SOFTWARE (INDIA) PVT LTD

99


206. PARASRAMPURIA SYNTHETICS LTD207. PARKE- DAVIS (INDIA) LTD.208. PATEL ENGINEERING LTD209. PATNI COMPUTER SYSTEMS LTD210. PATTON LTD.211. PEERLESS FABRIKKERNE (INDIA) LTD212. PARENTERAL DRUGS (I) LTD213. PENNAR GROUP OF INDUSTRIES214. PFIZER LIMITED215. PHL LEWING PVT LTD216. PHARMACIA HEALTHCARE LTD217. POWERWAVE TECHNOLOGIES R & D218. PRATT & WHITNEY219. PREGRINE CAPITAL LTD220. PRESTIGE JEWELRY221. PRICEWATERHOUSE COOPERS LTD.222. PROCTER & GAMBLE INDIA LTD.223. PUNJAB NATIONAL BANK224. PSL LIMITED225. R&P MANAGEMENT COMMUNICATIONS P. L226. RAJDARBAR EXPORTS PVT LTD227. RAJALAKSHMI TEXTILE PROCESSORS PVT LTD228. RAYTHEON INTERNATIONAL INC.229. RELIANCE INDUSTRIES LTD.230. REMSONS INDUSTRIES LTD231. RICHA GROUP OF COMPANIES232. RITE CHOICE GROUP OF COMPANIES233. ROLTA INDIA LIMITED234. ROYAL ENTERPRISES235. RPG ENTERPRISES LTD.236. SAHARA KASTURI HANDICRAFTS237. SAPIENT CORPORATION PVT LTD238. SCHLUMBERGER INDIA TECHNOLOGY CENTER PVT

LTD239. SCHRADER DUNCAN LTD240. SESAME WORKSHOP241. SEATON INDIA IT PVT LTD242. SHAKTI POLYWEAVE PVT LTD243. SHASUN CHEMICALS & DRUGS LTD244. SHINSEI CORPORATE ADVISORY SERVICES245. S K SAMANTA & CO246. SHAVO NORGREN (I) PVT LTD247. SHAVO TECHNOLOGIES PVT LTD248. SIDDHARTHA LOGISTICS CO PVT LTD249. SAI INFO SYSTEMS250. SHYAMBAZAR HARALALKA (P) LTD251. SILVERLINE INDUSTRIES LTD.252. SINGHI & COMPANY253. SISTA’S PRIVATE LIMITED254. SOMAIYA GROUP255. SONAROME PVT LTD256. SOUNDCRAFT INDUSTRIES LTD

257. SRI KRISHNA GROUP258. SHRI GOPAL IMPEX PVT LTD259. SRI KRISHNA SWEETS (CBE) PVT LTD260 . SREI INFRASTRUCTURE LTD 261. STATE BANK OF INDIA262. SUBHASHRI BIO-ENERGY PVT LTD263. SUASHISH DIAMONDS LTD264. SUGAM FASHIONS PVT LTD265. SUNRICH ENERGY PVT LTD266. SWARUP GROUP OF INDUSTRIES267. T T K GROUP268. TATA AIG GENERAL INSURANCE CO LTD269. TATA CONSULTANCY SERVICES270. TATA CONSULTANCY SERVICES LTD.271. TATA INFOMEDIA LIMITED272. TATA INFOTECH LIMITED273. TATA INTERNATIONAL LIMITED274. TATA POWER LTD275. TATA SSL LIMITED276. TELELINK NICCO LTD277. THE INDIAN HOTELS CO LTD278. THE MYSORE FERTILISER CO.279. THERMAX LIMITED280. TIMES GUARANTY FINANCIALS LTD.281. TORRENT PHARMACEUTICALS LTD.282. TRANS IMPEX PVT. LTD.283. TRANSWORLD GROUP OF COMPANIES284. TVS MOTOR CO LTD285. UB GROUP286. USHA (INDIA) LTD287. V S DEMPO & CO. LTD.288. VENUS JEWEL289. VICTOR SWITCHGEAR PVT LTD290. VIDEOCON INTERNATIONAL LTD291. VINAYAKA MISSIONS GROUP292. VIRAL ENTERPRISES293. VOLTAS LIMITED294. WALCHANDNAGAR INDUSTRIES LTD.295. WALDEN-NIKKO INDIA MANAGEMENT CO L296. WATERS INDIA PVT. LTD.297. WESTERN UNION FINANCIAL SERVICES INT.298. WHIRPOOL OF INDIA LTD299. WHITE & CASE300. WIPRO LIMITED301. WITMANS INDUSTRIES302. WORTHINGTON PUMPS INDIA LTD.303. WYETH LTD.304. ZEUS LAW ASSOCIATES