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Purnachandra Rao new head of Indo-American Chamber of Commerce
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SME Times News Bureau | 30 Sep, 2020
Purnachandra Rao Surapaneni, a Hyderabad-based industrialist, has been
elected as national President of the Indo-American Chamber of Commerce
(IACC).
He is the second Telugu entrepreneur to be elected as the
head of the 52-year-old body. Surapaneni was elected unanimously at the
first meeting of the IACC's newly-elected national governing board for
2020-2021.
According to a statement here, Surapaneni brings with
him rich experience and knowledge in the Indo-US bilateral trade. The
60-year-old is currently the managing director of Global Infovision Pvt
Ltd.
An expert in Indo-US bilateral trade, he was the national Vice President of the IACC in 2018-2020.
His
association with the IACC over many years will help to lead the chamber
in the direction of further improving the Indo-US business
relationship, the statement said.
Responding to his election,
Surapaneni outlined his goals and priorities that include improved trade
activity by continuously engaging the members of the chamber with
various business activities and closely working with the government. He
also stated that the chamber will maintain a good relationship with US
consulates and their commercial attaches in India.
He said that
it is the huge responsibility bestowed on him and he would strive hard
for better bilateral relationships between the two countries.
Considering
the current Covid situation in which the companies are trying to move
out of China or at least to avoid further investments there, the IACC
will take an active role as India is trying to lure those investments,
he said.
The IACC is the principal bilateral chamber committed to
the promotion of industrial, economic, business and commercial
activities between the US and India. It 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.
According to
Surapaneni, the vision of the IACC is to be the principal bilateral
chamber, to act as a catalyst in promoting economic growth between the
two countries, to protect and promote the collective bilateral need and
interests of the Indo-US business community and to effectively lobby
with two governments on significant bilateral issues affecting Indo-US
commerce.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹91.2
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₹89.5 |
UK Pound
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₹123.35
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₹119.35 |
Euro
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₹107
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₹103.35 |
| Japanese
Yen |
₹57.9 |
₹56.1 |
| As on 22 Jan, 2026 |
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