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Home Investment

Investments: WTC Utah mission to unlock lesser-known opportunities in India

Fiinews by Fiinews
February 24, 2024
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Being globally minded is Utah’s competitive edge, says Freedman

World Trade Center Utah (WTC Utah) and New Delhi-based Indus International Research Foundation (IIRF) have formed a partnership for a transformative business trade mission to India to unlock a plethora of lesser-known opportunities for businesses spanning various core industries in the Indian market.

Scheduled from 26 Feb to 2 Mar 2024, the strategic alliance aims to fortify economic relations between Utah and India relating to aerospace, defence, technology, life sciences, education, cybersecurity and more.

The former Governor of the State of Utah, Gary Herbert, and former First Lady, Jeanette Herbert, will lead the trade delegation. Alongside them will be prominent figures from World Trade Center Utah’s leadership team, including Jonathan Freedman, President and CEO, David Carlebach, COO and Managing Director of Business, and Guruprasad Sowle, WTC Utah International Advisor for India and IIRF Americas President & Co-founder. Complementing them will be executives and founders from major organisations.

The delegation will engage with key collaborators such as:

•  Kavach, a defence and aerospace-focused think tank and investment fund, led by former Defence Secretary of India Dr. Ajay Kumar.

•  Millennial India International Chamber of Commerce Industry and Agriculture (MIICCIA), a non-governmental organization dedicated to fostering cooperation and empowering businesses for national development, led by Ambassador Anil Trigunayat.

•  Confederation of Indian Industry (CII), which facilitates partnerships between industry, government, and civil society to promote India’s development.

•  Observer Research Foundation Mumbai, a global think tank providing independent analysis on issues like security, strategy, economy, development, energy and resources.

•  Duddilla Sridhar Babu, IT Minister in Hyderabad.

Events and meetings will take place in Delhi, Mumbai, Hyderabad, and Bangalore.

The Bangalore conclave, as part of the Indo-US Collaboration in trade, technology, aerospace, and defence, aims to leverage the strengths of both nations’ defence and aerospace sectors through technology and innovation. The event will be attended by esteemed guests, including:

Governor Herbert expressed his enthusiasm, stating on 22 Feb, “Utah has led the nation with top rankings for our strong economic performance for over a decade.

“We take pride in being ranked as the best state in America, the best economy, and the best state to start a business. International trade plays a significant role in the state’s economy, and its business-friendly environment is increasingly recognized as a premier global business destination. I look forward to joining the business delegation in India to expand our state’s global trade relationships.”

“Being globally minded is Utah’s competitive edge. With one of the youngest populations in the nation speaking over 130 languages, Utah is fertile ground for international collaboration,” shared Freedman.

“Utah recognizes India as an economic powerhouse ripe with opportunity, and we are eager to forge new connections while there,” added Carlebach. “Our two markets, both known for their innovation and competitiveness, will find a great deal to partner on.”

“In an endeavor to forge closer ties between Utah and India, this mission heralds a significant stride towards fostering mutual prosperity and growth,” says Sowle, President and Co-founder, IIRF Americas and International Advisor for India, World Trade Center Utah, who’s coordinating the trade delegation’s engagements in India.

“With a focus on pivotal sectors including aerospace, defence, education, life sciences, cybersecurity, technology, and beyond, this initiative promises to unlock lesser-known opportunities for trade, investment, collaboration, and innovation. It will not only enhance economic relations but also ignite a spirit of partnership and creativity between India and Utah.”

“Indo-US collaboration is an exciting and dynamic area with tremendous potential for growth and innovation. From technology and innovation to trade and investment, the potential for Indo-US collaboration is limitless,”added Brig C Sandeep Kumar, VSM, President, IIRF, India.

“Collaboration with the WTC Utah team can create new solutions to some of the world’s most pressing challenges by harnessing the power of cutting-edge technology and innovation to drive progress and prosperity for both our nations and the world. By working together, we can strengthen the bonds between our two great nations,” he continued.

The trade mission aims to facilitate meaningful engagements between Utah and India, encouraging long-lasting partnerships and driving economic growth.

World Trade Center Utah is a private, nonprofit organization whose mission is to accelerate growth for Utah companies through our global network, programs, and services.

Indus International Research Foundation is a New Delhi based organization with its overseas center in the USA. Fiinews.com

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