Indian CEOs explore business opportunities in Georgia

by / ⠀News / April 2, 2024
"Indian CEOs Georgia"

Over 50 CEOs, business tycoons from India, and Coimbatore District Small Industries Association (CODISSIA) members have visited Georgia to explore business possibilities. The visit showcases the rising trade relations between Georgia and India, which grew by 66% from 2019 to 2023.

The delegates disembarked in Atlanta and prepared for fruitful exchanges with leading Georgia-based firms, aiming to appreciate local business strategies. They expressed keenness in the technology, energy, healthcare, and food processing sectors.

This heightened interest from Indian industries in Georgia indicates the state’s strong economy and an alluring environment that’s garnering international interest. Georgia Department of Economic Development emphasized the state’s advantageous low corporate taxes, trained workforce, and logistics infrastructure to Indian businesses.

Economists predict flourishing business ties will lead to job growth, technological transfers, and vibrant cultural exchanges. The Georgia Indo-American Chamber of Commerce (GIACC) spearheaded this trip, with board representative SK Raj highlighting Georgia as a hub of opportunities and an ideal location for investment.

Representatives of 43 firms from Coimbatore, Tamil Nadu, commenced their event-filled journey in Washington, D.C., and were warmly received by Senators Jon Ossoff and Raphael Warnock.

Indian businesses explore Georgia’s potential

They emphasized the potential for ventures in technology, manufacturing, and textiles sectors while engaging with local people and places of Georgia’s business.

Senators were eager to foster strong economic ties with Coimbatore and India, promoting increased trade relations and mutual growth. After a positive experience in Georgia, the delegation plans to traverse the U.S. further, establishing transatlantic partnerships to help both economies.

U.S. sees India as a reliable supplier due to the deepening alliance and geopolitical shifts, according to Sundaram Venkatapathy, CEO of Thunder Auto and a CODISSIA board representative, especially noting the growth in demand for Indian automotive components.

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Taube Ponce, Senior International Trade Manager for the Georgia Department of Economic Development, underlines the diversity of economic connections, with civil aircraft being Georgia’s main export to India and linens and tractors as major imports. Both countries are driven to fortify their relationship by encouraging bilateral investments and trade.

The GIACC convened an expert panel to explain the process of establishing a U.S. business and importing a workforce from India to Georgia. U.S. Rep. Rich McCormick highlighted the importance of a strong partnership with India, emphasizing shared values like free speech and election integrity as binding forces.

About The Author

Kimberly Zhang

Editor in Chief of Under30CEO. I have a passion for helping educate the next generation of leaders.

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