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Business Economy


City industrialist Purnachandra Rao elected as National VP for IACC

Hyderabad, Sept 23 (UNI) Hyderabad-based industrialist, Purnachandra Rao Surapaneni has been elected unanimously as National Vice President of the Indo-American Chamber of Commerce (IACC).

Earlier, Rao has served the organization as the Regional President for South India Council of The Indo-American Chamber of Commerce (IACC), a press release said here on Sunday.

IACC is the apex bi-lateral Chamber synergizing India-US Economic Engagement. It was started by Ambassador Chester Bowles along with the then Industry leaders and visionaries like S L Kirloskar, Harish Mahindra, H. P. Nanda, Ambalal Kilachand, AMM Arunachalam, Frederick Fales and John Oris Sims for enhancing US India Economic Engagement.

Today IACC has PAN India presence with 2,400 members, representing cross section of US and Indian Industry.
Responding to his election, Mr Rao who is the Managing Director of Hyderabad based Global Infovision Pvt Ltd said , "IACC is the principal bilateral chamber committed to the promotion of Industrial, Economic, Business and Commercial activities between the United States of America and India. IACC encourages bilateral trade, investment and technology transfer, facilitates business collaborations, joint ventures, marketing tie-ups and strategic alliances through a set of proactive business oriented initiatives".
He further added that it is a huge responsibility bestowed on him and he would definitely strive hard for better bilateral relationships between USA and India
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