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FICCI, Iowa body sign MoU to boost two-way business links

By Staff
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New Delhi, Mar 13 (UNI) Business chamber Federation of Indian Chambers of Commerce&Industry (FICCI) and the IOWA Department Of Economic Development (IDED) today signed a Memorandum of Understanding (MoU) to boost two-way business ties.

The MoU, that was signed by Ohio Governor of the state of IOWA Thomas J Vilsack and FICCI President Saroj Kumar Poddar, will boost two-way ties through exchange of information on changes taking place in India and Iowa, with a view to sharing investment opportunities and trade queries.

According to the MoU, the Business Information Services Network (BISNET) of FICCI will provide free on-line access of its web-based services except for those sectors which are priced for all users.

The information service will cover Indian Government policies, business directories and business inquiries which can be accessed by companiesin Iowa directly or through IDED.

BISNET will also offer business-to-business match making and consultancy services with regard to promotion of trade, technology and investment tie-ups on a charge basis to the companies based in Iowa.

Similarly, IDED will assist FICCI members in their business endeavours like setting up appointments, arranging meetings and finalising MOUs in Iowa.

FICCI will attempt to bring government officials including Ministers and Indian industrialists/businessmen to Iowa for addressing meetings, to disseminate information regarding the liberalised policies for foreign Investment and the opportunities, including trading, thereof.

IDED will organise such meetings/seminars/conferences at their own cost with FICCI reciprocating with similar assistance when IDED brings Iowa businessmen to India.

UNI RA SD KN1720

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