SelectUSA India - March 2016 Newsletter
- Register for the 2016 SelectUSA Investment Summit
- SelectUSA India Road Show video
- Recent SelectUSA events in India
- Success stories - Allied Deccan Services & Karmick Solutions in Maryland
- SelectUSA resources
- Guest column: The U.S. Regulatory Environment for Business
2016 SelectUSA Investment Summit
If your business is looking to invest or expand in the United States, we encourage you to attend the upcoming SelectUSA Investment Summit, June 19 - 21. The theme this year is "The Innovation Advantage." The Summit will feature investment opportunities from every corner of the United States for international investors, while high-profile business and government leaders will share their insights on the latest innovation and trends.
"Because India is known for creative and dynamic thinking, the theme of this year's Summit, 'The Innovation Advantage,' is highly relevant to Indian investors and entrepreneurs. India has become the fourth fastest growing source of FDI into the United States, with $11 billion of historical investment... I am confident that this trend will grow exponentially as the U.S.-India trade and investment relationship deepens."
- United States Ambassador to India Richard Verma
To register for the Summit and for more information about it, please visit selectusasummit.us or contact SelectUSA India Investment Specialist Rahul Padmanabha (rahul.padmanabha@trade.gov) at +91-80-2227-3143.
SelectUSA India Road Show
Last October, we held a very successful (and inaugural) India Road Show. Hundreds of investors met with U.S. economic developers and heard from high-level experts in New Delhi, Mumbai, Chennai and Kolkata. Take a look at what last year's participants had to say about the Road Show here.
The dates and cities for the 2016 India Road Show will be announced soon.
SelectUSA's recent events in New Delhi and Bengaluru
Commercial
Attaché Paul Frost addressed a group of business leaders at an event organized
by the U.S.-India Business Forum (USIBF) in New Delhi on February 17. He briefed them on the legal, financial and technical considerations needed to invest in the United States. Participants also heard from Jatinder Singh, President of the USIBF, and Russell Barr, an attorney from Vermont who successfully refurbished a regional airport in Stowe, Vermont through an EB-5 visa investment.
On February 24, SelectUSA partnered with the World Trade Center in Bengaluru to discuss SelectUSA services and federal regulations involved with setting up a business in the United States. Principal Commercial Officer for South India John Fleming opened the discussion with an overview on trade and investment opportunities between India and United States. Investment Specialist Rahul Padmanabha spoke on SelectUSA services and how investors could utilize resources to expand business opportunities in the United States. Deloitte's Vijai Jayaram also touched on the financial and regulatory matters to consider before investing in the United States.
If you want someone from SelectUSA to address your members, employees, or any other specific group on investing in the United States, please contact Rahul Padmanabha (rahul.padmanabha@trade.gov) at +91-80-2227-3143 or Paul Frost (paul.frost@trade.gov) at +91-11-2347-2347.
Success stories - Allied Deccan and Karmick Solutions
Prince George's County, Maryland welcomed two Indian companies last November to its India Business Center, a program providing high-growth Indian businesses with low-cost office space, access to mentoring, training, certification assistance, workforce development, and networking opportunties. Collectively, the two companies, Allied Deccan and Karmick Solutions, expect to hire more than 50 county residents over the next year.
SelectUSA assisted in the process when the U.S. Commercial Service in India met with the CEO of Allied Deccan and introduced him to representatives of the Maryland Economic Development Corporation. After researching Prince George's County as a business location, the CEOs from Allied Deccan and Karmick traveled to Maryland to turn their FDI plans into reality.
Allied Deccan provides a variety of services related to imports/exports, commercial buildings, facility management, and marketing support. Karmick Solutions is an information technology solutions provider in the area of education and has more than 250 employees in India.
Read more about this investment success story here.
SelectUSA resources
SelectUSA can help you find the data resources you need as you consider your location. One great example is "America's Economy," an easy-to-use mobile application that can help you make a more informed decision when planning your U.S. investment. The app was developed by the U.S. Census Bureau and provides real-time updates for 21 key economic indicators released by Census, as well as data from the Bureau of Labor Statistics and the Bureau of Economic Analysis. Indicators include employment, manufacturing, international trade, retail sales, and residential construction measurements. Find out more here.
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 Guest Column: The U.S. Regulatory Environment for Business
By Kathy Roe and Jack Rovner, Attorneys, The Health Law Consultancy
Last October, we had the distinct privilege of participating in the SelectUSA India Road Show with stops in New Delhi, Mumbai, Chennai and Kolkata. We spoke about the legal framework for establishing and investing in business in the United States. We learned much from the hundreds of Indian business managers, investors and entrepreneurs who attended these Road Show events. Among that learning was an appreciation that Indian business managers, investors and entrepreneurs want a better understanding of the regulatory environment in the United States and its impact on business.
The United States is a federation of states, each with its own government structure and regulatory scheme. The national government has regulatory authority over inter-state commerce, foreign trade and other business activities of national scope and interest. Those federal-level regulations usually exist alongside state regulations, though they supersede state regulations when in conflict. There are also local jurisdictions within states, such as counties, municipalities, and other local political units that have regulatory authority over matters like land use, zoning, permitting, building codes, sanitation, and the like. The regulations affect businesses operating within these jurisdictions.
None of this should deter Indian investment or business establishment in the United States. All of these regulatory matters are readily and affordably manageable with appropriate attention, diligence and competent professional support. Although these various regulatory schemes may seem daunting, attorneys, accountants and other professional advisors can guide businesses to successful regulatory compliance and, once implemented, regulatory compliance often becomes part of the routine processes of everyday business operations. The federal, state and local governments of the United States are business friendly and eager to assist and support businesses in their jurisdictions, often providing free or low-cost tools, programs and other resources that educate and ease regulatory compliance.
Regulations tend to fall into four categories:
- Those generally applicable to all businesses, such as business registration and licensure, tax codes, public health, and safety requirements
- Those generally affecting specific aspects of business operations, such as employee relations, workplace safety, zoning, and building codes
- Those generally focused on particular industries, such as health care, insurance, banking and finance, and food and beverage
- Those generally protective of business activities and interests, like intellectual property protection, due process, and prevention of unfair competition and deceptive trade practices
Determining which regulatory schemes may apply to U.S. business operations depend on:
- How the U.S. business is organized
- Where and how it operates
- Which industry it participates in
Don't let the existence of regulations dissuade your entry into the United States. These regulatory schemes are readily manageable and, in many instances, beneficial to business success. Plus, mastery of applicable U.S. regulatory schemes can become a competitive advantage when operating in the U.S. market.
Kathy Roe and Jack Rovner are attorneys and co-founders of The Health Law Consultancy in Chicago, IL (www.hlconsultancy.com). They can be reached at kroe@hlconsultancy.com and jrovner@hlconsultancy.com.
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Contact:
Rahul Padmanabha
U.S. Commercial Service
9th Floor, JW Marriot
24/1 Vittal Mallya Road
Bengaluru - 560 001 India
T: +91-80-2227-3143
M: +91-9611204466
rahul.padmanabha@trade.gov
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