National US India Chamber of Commerce

11/06/2024

Dr. Purnima Voria
Founder & CEO, National U.S.-India Chamber of Commerce
Nov.6th 2024

President Donald J. Trump
The White House
1600 Pennsylvania Avenue NW
Washington, D.C. 20500

Dear President Trump,

On behalf of the National U.S.-India Chamber of Commerce and the business community across the Northwest United States, I extend my heartfelt congratulations to you on becoming the 47th President of the United States. This remarkable achievement is a testament to your dedication and vision for America’s future, and we look forward to the initiatives you will undertake to guide our nation toward continued growth and prosperity.

As you begin your term, we are particularly optimistic about the opportunities for strengthened U.S.-India relations. Over the past few decades, our nations have built a dynamic partnership based on shared democratic values, economic goals, and strategic interests. Your leadership holds the potential to foster even closer ties, particularly in trade and investment, where there is a tremendous opportunity for growth.

Your administration’s commitment to policies that encourage economic collaboration can pave the way for increased bilateral investments, technological advancements, and job creation in both countries. By prioritizing trade policies that open new markets and streamline regulations, your presidency can help unlock the full potential of Indo-U.S. economic relations. Additionally, fostering partnerships in sectors like aerospace, defense, information technology, and renewable energy will not only benefit our economies but also contribute to global stability and innovation.

The National U.S.-India Chamber of Commerce stands ready to support initiatives that strengthen our two nations’ economic bonds. We are eager to work with your administration to facilitate productive exchanges that will benefit businesses and citizens in both the United States and India.

Once again, congratulations, Mr. President. May your term bring prosperity to our nation and further cement the enduring friendship between the United States and India.

Sincerely,

Dr. Purnima Voria
Founder & CEO
National U.S.-India Chamber of Commerce
PMO India Ministry of External Affairs, Government of India U.S. Consulate General Chennai India in USA (Embassy of India, Washington DC) Donald Trump For President Manjunath Chenneerappa

11/06/2024

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11/04/2024

https://www.linkedin.com/pulse/india-enhances-global-market-share-select-industries-tpci-pkgaf?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

In today's edition of Business Bytes, we delve deeper into: The government has slightly relaxed the wastage norms introduced on May 27, following industry appeals for reconsideration LEAD: India has significantly enhanced its market share in crucial sectors, emerging as a key player in international

10/30/2024

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10/29/2024

The Festive Fuel: How Diwali Powers India's Economic Engine".

In India, the festival season—particularly Diwali—is more than just a time of celebration; it’s a powerful force that stimulates spending, bolsters industries, and fuels economic growth. This season, known for its spirit of giving, sees consumer activity surge in retail, e-commerce, real estate, and the automobile sectors, creating a ripple effect that impacts the economy on multiple levels.
Retail and E-commerce Boom
Diwali remains the most anticipated shopping season for Indian consumers, with the Confederation of All India Traders (CAIT) reporting record-breaking sales of over ₹1.25 trillion in 2023. E-commerce giants like Amazon and Flipkart experienced huge spikes, with Flipkart alone seeing demand increase by 50% compared to the rest of the year. Bain & Company notes that festive sales can contribute up to 30% of annual revenue for these retailers.
The combination of rising disposable income and easy access to online shopping drives consumers to splurge on electronics, fashion, and home essentials. A NielsenIQ study found that during the festive season, categories like electronics and home appliances saw a 65% jump, making this period essential for these sectors.
Automobile and Real Estate Sales Surge
The automobile industry also sees high sales volume during Diwali, with the Society of Indian Automobile Manufacturers (SIAM) noting an 18% increase in car sales over the previous quarter in 2022. Special offers and discounts encourage consumers to buy vehicles, making this a vital time for auto manufacturers. In 2023, the Federation of Automobile Dealers Association (FADA) estimated that Diwali sales alone contributed to nearly 40% of annual two-wheeler sales.
Real estate activity picks up considerably during the festival season as well. According to Knight Frank India, Diwali accounted for nearly a quarter of annual property transactions in 2023. Special discounts, new launches, and favorable loan terms create an ideal time for buyers, with CREDAI (Confederation of Real Estate Developers Association of India) expecting the real estate sector to rake in ₹2.5 trillion during Diwali sales this year.
Boost in Employment and Temporary Job Demand
The festival demand creates numerous job opportunities, particularly in retail, logistics, and manufacturing. Staffing companies like TeamLease and Quess Corp reported a 15% increase in seasonal hiring to meet festive requirements. According to the National Sample Survey Office (NSSO), nearly 30% of seasonal workers hired during Diwali later transition to full-time positions, showing how festivals can generate longer-term employment.
Financial Services and Loan Uptick
The finance and banking sectors also benefit from Diwali. The Reserve Bank of India (RBI) recorded an 11% rise in personal loan disbursement during the festive season in 2023, driven by credit card offers, easy EMI plans, and discounts on loans for consumer goods and property.
Economic Impact and Contribution to GDP
India’s festive season, spanning from Ganesh Chaturthi to Diwali, is a major economic driver. CRISIL analysts estimate that Diwali alone can add up to 0.5% to India's quarterly GDP. Retail sales during the festive months contribute nearly 10% to the GDP, and Diwali accounts for 35-40% of annual retail revenues, driving demand throughout supply chains.
In essence, Diwali is not just a festival but an economic force that stimulates demand across industries, supports employment, and contributes to economic growth. This festive season illustrates how cultural celebrations and economic resilience are deeply interconnected in India.

10/23/2024

National US India Chamber of Commerce salutes His Excellency Late Shri Bhairon Singh Ji Shekhawat on hos 101 Bith Anniversary. He was well known for -The masterpiece of poor oriented schemes like "antyodaya" and "grains instead of work".

NUICC was born due to his personal mandate and blessings given to me in 2005 to work to enhance Indo- US Relations and Trade and Investments . We have been effectively, diligently, and successfully forwarding this cause . Thank you Papa for your vision and leadership for India and the globe. Thank you to our PM His Excellency Narendra Damodar Modiji who is carrying out India’s Flag high globally. You make us proud .

Ministry of External Affairs, Government of India PMO India India in USA (Embassy of India, Washington DC) India in New York Consulate General Of India, Seattle U.S. Consulate General Chennai Consul General Consulate General of India SanFrancisco and Consulate General in Atlanta Manjunath Chenneerappa

10/19/2024

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10/16/2024

It's Support Your Local Chamber of Commerce Day!

The National US-India Chamber of Commerce plays a crucial role in promoting trade and investment between the United States of America and India.National US India Chamber of Commerce was founded in 2005 at the informal request of the Fmr. Late Vice President of India Shri Bhairon Singh Ji Shekhawat who encouraged us to work on bettering trade/investments and international relations between US and India. Hence the birth of the chamber, it was a need based organization. We bring 20 years of experience and expertise to Colorado and the Mountain Region for making business deals successfully.

For more than 20 years, the National US India Chamber of Commerce has been supporting our local communities , helping businesses go Global while thriving in Colorado . We couldn’t do it without the incredible support of our members and partners. We invite you to become our members and to our existing members , we thank you for your support.

NUICC MEMBERSHIP INCLUDES:

• Corporations and companies in all sectors
• National professional associations
• Business and employers federations
• Law firms and consultancies
• Chambers of Commerce
• Entrepreneurs seeking international business opportunities

MEMBER SERVICES INCLUDE:
• Consultation on the pros and cons of doing business in the foreign market
• Facilitate connections between Indian company executivesand US key leaders
• Programs featuring US-India speakers on business standards in India
• Education on developing sound business plans and strategies for the Indian marketplace
• Expert support for US-India business engagements
• Cultural awareness training, including: awareness and understanding, language, geography, local sales and marketing, negotiating, international trade laws and regulations, managing staff, gender issues, legal issues, marketing strategies and market studies.
• Finding partners, distributors, dealers and representatives for your products and services.
Trade missions to India/U.S. including state delegations accompanied by corporate leaders.
• Consultation on doing business in the Indian market/U.S.markets.
• Provide connections between Indian company executives and US corporate/government leaders.
• Programs featuring US-India speakers.
• Developing sound business plans and strategies for the India marketplace/U.S. marketplace.
• Cultural awareness training, including: local sales and marketing strategies, negotiation, international trade laws and regulations, managing Human Resources

http://nuicc.org/ Click on membershio button.

10/10/2024

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