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IACC signs MoU with Mississippi Development Authority to strengthen economic ties

IACC signs MoU with Mississippi Development Authority to strengthen economic ties

India Blooms News Service | @indiablooms | 13 Sep 2017, 07:17 pm
Mumbai, Sept 13 (IBNS): Indo-American Chamber of Commerce (IACC) on Wednesday signed a Memorandum of Understanding with Mississippi Development Authority (MDA) to nurture, enhance and sustain mutually beneficial economic ties.

IACC, the apex bi-lateral Chamber synergizing India-US Economic Engagement, signed the MoU with the MDA ahead of the IACC’s flagship annual convention being held in Mumbai on Sept 18-19.

N V Srinivasan, National President, IACC, signed the MoU with Glenn McCullough, Jr. – Executive Director, MDA.

Those present on the occasion included Governor Phil Bryant – State of Mississippi, Andrew Gipson – State Representative, Mississippi House of Representatives and Lalit Kanodia, immediate past President, IACC.

“IACC and MDA will encourage and facilitate mutually beneficial cooperation between the responsible and appropriate bodies, organizations and enterprises in the fields of business, trade and economic relations," said N V Srinivasan, National President, IACC, after signing the MoU.

Both IACC and MDA will serve as representatives of the other in their respective market and membership areas.

Both the bodies will assist each other in organising business delegations and facilitate business interest, facilitate export and import of goods and services to and from Mississippi and India and encourage collaborative efforts that enhance business development objectives.

The MoU stipulates that both IACC and MDA will encourage, promote and facilitate investments in India and the State of Mississippi. The organisations will help each other in participation in trade fairs, conferences in the respective areas of operation.