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CITIES: PUNE
Section Investment Pune Posted on Sun Jan 14, 2007 at 07:41:37 AM EST
PUNE: In a view to increase US investments into Pune, the Pune chapter of the Indo-American Chamber of Commerce is looking at a series of focused programmes in the coming year.
Attracting American investments into the small and medium enterprises (SMEs) in the city, especially the auto sector, would be on top of its agenda. Some of the specific initiatives would include a programme targeted at making Pune a global destination for business process outsourcing (BPO). There would also be a programme targeted at increasing US contribution into the fast-growing area of biotechnology -- both for research as well as financial investments. All these initiatives are aimed at increasing the US investments coming into the industrial city by facilitating a dialogue between Pune companies and US companies interested in investing in the country, Krishnan told TNN, on the sidelines of the annual general meeting (AGM) of the West India Council of IACC, held on Friday. Incidentally, Pune accounts for around 16 per cent of the total US investments into India, which stood at $1.7 billion in 2001.
Earlier, addressing the chapter members at the AGM, Angus Simmons, consul-general of the US consulate in Mumbai, said the consulate will give full support to the chamber's activities. At present, the bilateral trade between the two countries stood at $15.5 billion, he said.
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