INDO-AMERICAN CHAMBER OF COMMERCE (Tamil Nadu Branch)

Transcription

1 INDO-AMERICAN CHAMBER OF COMMERCE (Tamil Nadu Branch) April June 2013 VOL-4 ISSUE - 2 (FOR PRIVATE CIRCULATION ONLY) S P E C T R U M (QUARTERLY E-NEWSLETTER) Chairman's Message U.S. Consul General's Message U.S. Business Visas Trade Enquiries Chamber Eents: Indo- U.S. Trade Welcome to New Members Trade Shows in U.S.A (Sep - Dec 2013) State of Pennsylania Exclusie Discount for IACC Members IACC in News

2 Message From Chairman's Desk Dear Members, I am happy to bring to you the quarterly edition (Apr-Jun 2013) of our e-newsletter. Through this newsletter, we intend to update you on the U.S. isas, serices of the Commercial Section etc. Also included in this edition information on your Chamber's actiities, forthcoming programs, U.S. trade shows, trade enquiries, Inestment opportunities in the State of Pennsylania etc. On this occasion, I am thankful to each member of the branch committee & past Chairpersons who together with me share the responsibility on their shoulders in setting the path to enhance our serices to the members. One such initiatie is with the support of Dun & Bradstreet Information Serices India Pt. Ltd, we are facilitating a discounted price for the members of IACC on the Business Information report about specific U.S. companies. More details will reach you soon. Based on the response we receie from the members, IACC could play a bigger role in this front. Your Chamber is organizing a walkthrough of the U.S. Visa processing centers at Chennai on July 12th and inites you all to make use of this opportunity to understand the complete process inoled while applying your U.S. isas. Keep watching your s to receie regular updates on our actiities. Again, I request your feedback and suggestions to bring more alue to you for the time you spend with us and to the growth of Indo-US trade at large. Yours Truly, T.N. Venkatanarayanan U.S Consul General's Message Dear Members of the Indo-American Chamber of Commerce, an all-time high. In the last decade, through the efforts of our goernments, chambers of commerce, and business, the U.S.- India bilateral trade in goods and serices has increased four and a half times. Trade between the U.S. and India is expected to cross the 100 billion U.S. dollar mark and economic ties between our two countries are at I am committed to supporting U.S. companies wishing to start exporting or expand their exports to India and helping Indian companies find U.S. suppliers. My team and I will continue to engage in initiaties to bolster trade and inestment between the United States and India. We seek to help companies take full adantage of the talent and innoation aailable in both our countries. In this edition of the newsletter, I would like to highlight two such initiaties: The SelectUSA program has announced the first eer SelectUSA Inestment Summit to be held in Washington, DC October 31-Noember 1, If your business is considering expanding its operations to, or in, the U.S. or acquiring a U.S.-based business, the SelectUSA Summit will proide a means to explore or to adance such an inestment. The second initiatie inoles promoting trael and tourism to the United States, with specific emphasis on increasing Meetings, Incenties, Conentions, and Exhibitions (MICE) trael. In 2012, trael from India to the United States rose 9.2 percent, as compared to 2011, with 724,433 Indian isitors to the United States. Last year, President Obama announced that one of the priorities of his second term would be to further increase the numbers of foreign tourists that isit the United States. To that end, he has promoted a number of reforms aimed at simplifying the process for international isitors to trael to America. The U.S. is the ultimate MICE destination, proiding safety and security, excellent conention locations, restaurants, hotels, shopping, trael options, tours, unique offsite enues, and a huge ariety of actiities. As regular business traelers, I urge the IACC members to reach out to us regarding your business trael to the United States.. To find out more on other shows in the United States, trade eents and our Consulate eents, please isit our Consulate website the U.S. C o m m e r c i a l S e r i c e w e b s i t e Sincerely, Jennifer McIntyre 2

3 U.S. Business Visas: U.S. Ambassador to India Nancy Powell could not hae been more correct when she said, the business of the U.S. Mission in India is business. The important business relationship that our two countries share is unlike any other in the world. A large number of foreign-based companies in India are headquartered in the U.S. and, likewise, a significant number of business-isa-holders in the U.S. are Indian. This symbiotic relationship fills important jobs and stimulates the economies of both of our countries. In order to support this mutually beneficial business relationship, the U.S. Mission in India facilitates the ital trael of business men and women between our two democratic nations. The U.S. Mission in India offers a ariety of different isa types to Indian business traellers including B1, H1B, and L1 isas. We also hae special programs in place to facilitate trael including sameday appointments for Blanket L1 applicants and an Interiew Waier Program for certain qualified applicants. Many Indian business traellers may need to go to the U.S. for short time periods to attend a conference, meeting, training or similar eent. The B1 isa is designed for this category of short-term business traellers going to the U.S. for nonproductie work. The B1 isa is typically alid for multiple entries oer a period of 10 years with a maximum length of stay usually 6 months or less. There is no petition required for this isa category and it is usually gien in conjunction with a B2 tourist isa. This allows the traeller to hae a dual purpose isa as we recognize that the reason for trael may ary from year to year oer the 10 year alidity period. While productie work is not allowed on this isa class, we do hae isa classes aailable for those applicants who need to trael to the U.S. to work. supporting documents. If approed, the isa duration will reflect the alidity dates of the petition. The isa is alid for multiple entries before the expiration date. Dependent spouses and children accompanying the principal H1B applicant may apply for an H4 isa. Dependents may apply for the H4isa at the same time as the principal applicant or after the principal applicant has receied his/her approed H1B isa. As the H1B isa category is specifically for skilled workers, many businesses may hae a separate need to send specialized or senior management leel employees to the U.S. to work, in which case they would apply for an L1 isa. The L1 isa is also a petition based isa category which is designed for senior management leel (L1A) employees or employees with specialized knowledge (L1B). The L1 petition can be for an indiidual or can be a blanket petition for a number of the company's employees. Dependent spouses and children accompanying the principal L1 applicant may apply for an L2 isa. Dependents may apply for the L2 isa at the same time as the principal applicant or after the principal applicant has receied the approed L1 isa. With the indiidual L1 petition, much of the applicant etting process is The H1B isa is a petition based isa that is designed for professional workers who wish to trael to the U.S. to do productie work for an extended period of time. The initial process begins with the employer applying for, on behalf of the applicant, a petition with United States Citizenship and Immigration Serices (USCIS) in the United States. Applicants must hae a four-year degree or equialent work experience. Once a petition is approed, the applicant may then apply for the H1B isa at any of our U.S. Consulates or Embassy here in India. At the time of application, the applicant must present the approed petition and any done by USCIS but with the blanket L1 petition, the applicant must be interiewed and the decision as to whether the applicant qualifies lies solely with the adjudicating officer. Currently, blanket L1 applications for India are being processed only in Chennai. Due to this fact, many applicants must trael from outside Chennai's consular district in order to apply for a blanket L1 isa. In an attempt to ease the burden 3

4 of trael for those coming from outside Chennai, a pilotprogram for blanket L1 applicants is being offered where same-day-appointments are aailable for the Offsite Facilitation Centre bio-data capturing and the Consulate interiew. This pilot-program reduces the time that out-oftowners need to spend in Chennai for their L1 blanket isa application: from one day to two. Another way in which we strie to make the isa application process easier is ia our Interiew Waier Program (IWP).The Interiew Waier Program is intended to simplify the isa application process for qualified preious isa holders, including those who hae had preious B1, H1B, or L1 isas and for their H4 or L2 dependents. Applicants who hae preiously obtained a B1, which is still alid or expired within48 months of the application date, may qualify for our Interiew Waier Program. Applicants who hae preiously obtained an H1B, L1,H4, or L2 isa, which is still alid or expired within 12 months of the application date, may also qualify for our Interiew Waier Program. H4 and L2 dependents must be accompanying a qualified H1B or L1 principal applicant. For these petition based isa categories, the petitioning employer and client must be the same as the preious isa. Applicants who otherwise qualify for the Interiew Waier Program (IWP) may still be called in for an interiew at the discretion of the adjudicating officer. If an applicant has neer had all ten fingerprints taken at the same time, they must still appear at one of our Offsite Facilitation Centres to hae their biographic data captured. If an applicant has had all ten fingerprints taken at the same time, then they may qualify to complete the entire isa application process ia mail. Additionally, applicants who are under 14 or aboe 80 also qualify for the IWP een if they hae neer had a isa before. The Interiew Waier Program is one of the ways that the U.S. Mission in India is trying to improe the application process for qualified and responsible preious U.S. business isa holders. Additional, detailed information on these programs can be found at this website: The U.S. Mission in India greatly alues the important business relationship that we share with India. We offer a wide ariety of isas to suit the business needs of Indian companies. In addition, we hae programs such as the same-day appointments pilot and the Interiew Waier Program to further facilitate the isa application process. The Embassy and consulates also make eery effort to keep wait times as low as possible generally less than ten days. Also, once at our facility, applicants normally spend less than one hour at the interiew. We meet regularly with Indian companies in order to discuss ways in which we can further improe our processes. While the U.S. Mission in India has a robust program to meet the needs of Indian business traellers we still strie to improe the application process and to strengthen the relationship between our countries. - Source: American Consulate General, Chennai Trade Enquiry A USA based manufacturer and supplier of automotie OEM sealants and adhesies is seeking an India based partnership in order to rapidly expand its global footprint. This company is a leading supplier to direct OEMs in North America, as well as to Tier I automotie customers. Their extensie portfolio of globally approed products is supplied to automotie assembly plants in Body Shop, Paint Shop and Trim. Company is seeking an India based strategic partnership with contacts in the Indian automotie industry. Established American Company Seeking Indian Strategic Partnership contacts at Assembly, Purchasing and Engineering leels are preferred. Equipment, design, technical and Research & Deelopment support to be proided. Prospectie partner should possess g e n e r a l c h e m i c a l p r o c e s s i n g capabilities within a complementary or non-competing product line. Please contact Ms. Sujatha Raishanker, Branch Secretary by (sujatha@iaccindia.com) for further information on this trade opportunity from USA. 4

5 Chamber Eents Meet Success First Hand June 18, 2013: Mr. B.V. Ramanan, Chairman & Managing Director, Liia Polymer Bottles Pt Ltd addressing the gathering April 16, 2013: Mr. S.V. Veerramani, Chairman & Managing Director,Fourrts (India) Laboratories Pt Ltd interacting with IACC Members Workshop on American-Cross Cultural Skills RENERGY 2013 International Conference & Exhibition June 24, 2013 : Delegates inoled in a group actiity May 9-11, 2013 : The delegates from San Luis, Argentina at IACC stall Seminar on Eoling Business Opportunities in Indo-US Trade -April 12, 2013 Coimbatore Inaugural Address by Ms. Jennifer A McIntyre, U.S. Consul General in Chennai Keynote Address by Mr. A. Sakthiel, President, Tirupur Exporters' Association 5

6 Seminar on Eoling Business Opportunities in Indo-US Trade (L-R) Mr.K. Ramasamy, CMD, Roots Industries, Mr. C. Suresh Reddy, Vice-Chairman, IACC (TN), Ms. Jennifer A McIntyre, U.S. Consul General in Chennai, Mr. T.N.Venkatanarayanan, Chairman, IACC (TN) and Mr. A. Sakthiel, President, Tirupur Exporters' Association A section of the delegates at the eent Presentation on SELECT USA and brief on U.S. business isas by Mr. Christopher Rose, Chief of Non-Immigrant Visas, American Consulate General, Chennai Session on Legal aspects of Doing Business in U.S.A. by Mr. H. Jayesh, Co-Founder and Partner Juris Corp, Mumbai Session on M & A in the Indo-U.S. Corridor Opportunities and Considerations by Mr. T.N. Giridhar, MD & CEO Lincoln International Adisors Pt Ltd, Mumbai 6

7 Seminar on Eoling Business Opportunities in Indo-US Trade Session on U.S. Exim Financing by Ms. Mala Sampat, Adisor & Consultant, PNC Bank, USA Presentation on Trade Shows in USA by Mr. V. Narayanan, Senior Manager, ITPO, Chennai Case Studies: The corporate journey in the making of success by L.G. Balakrishnan & Bros, Coimbatore and Roots Industries, Coimbatore Forthcoming Eents: S.No. Date Programme Details Location 1 July 12, 2013 Tour of U.S. Visa Centres Chennai 2. July 25, 2013 Workshop on American-Cross Cultural Skills Chennai 3. August 3, 2013 Seminar on Food Processing Coimbatore 4. August 20, 2013 Meet Success First Hand Chennai 5. August 23, 2013 Indo-US Taxation Chennai 7

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9 India US Trade Trade and commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and U.S. From a modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $ 62.9 billion in 2012 representing an impressie % growth in a span of 22 years. India's merchandise exports to the U.S. grew by 1.7% from $ 9.50 billion during the period January- March 2012 to $ 9.66 billion during the period January- March US exports of merchandise to India grew by 8.89% from $ 4.74 billion during the period January- March 2012 to $ 5.17 billion during the period January- March India - U.S. bilateral merchandise trade stands at $ billion during this period. Trade during the period Jan. Mar i) Major items of export from India to US Select major items with their percentage shares, are gien below. a) Textiles (17.7%) b) Precious stones & metals (21.8%) c) Pharmaceutical products (11.5 %) d) Mineral Fuel, Oil (6.4%) e) Organic chemicals (6.1%) f) Machinery (4.7%) g) Iron & Steel Products (3.6%) h) Electrical Machinery (3.4%) ii) Major items of export from US to India Select major items with their percentage shares, are gien below a) Precious stones & metals (28.2%) b) Machinery (12.8%) c) Optical instruments & equipment (6.3%) d) Electrical machinery (6.2%) e) Mineral Fuel, Oil etc (5.6) f) Aircraft, spacecraft, Parts (5.4%) g) Organic chemicals (4.4%) h) Miscellaneous Chemical Products (4.0%) Trends with respect to the major items of bilateral trade during the past two years are as follows. India's exports to US: Cut and polished diamonds and jewelry is a major item of India's exports to the US, accounting for 17.7%. Exports of this item fell from $ 8.01 billion in 2011 to $ 7.16 billion in 2012, a decrease of 10.6%. Textiles exports accounted for 15.3% of India's exports to the US in Textile exports fell from $ 6.28 billion in 2011 to $ 6.20 billion in 2012, a decrease of 1.29%. Exports of pharmaceutical products grew from $ 3.21 billion in 2011 to $ 4.23 billion in 2012, an increase of 31.5%. Exports of Lac, Gums, and resins grew by 240% from $1.04billion to $ 3.52 billion in Exports of mineral fuel, oil grew from $ 3.19 billion in 2011 to $ 3.26 billion in 2012, an increase of 2.3%. Exports of organic chemicals grew by 9.9% from $ 1.98 billion in 2011 to $ 2.18 billion in US exports to India: Exports of precious stones and metals which accounted for 26.1% of exports from US to India grew by 26.3% to reach $ 5.84 billion in 2012 from $ 4.62 billion in Machinery exports fell by 8.7% from $ 2.91 billion in 2011 to $ 2.66 billion in Exports of electrical machinery fell by 8.1% from $ 1.53 billion in 2011 to $1.41 billion in Exports of Optical, Photo, Surgical instruments grew by 16.4% from $ 1.18 billion to $ 1.38 billion in Exports of aircraft, aiation machinery and parts, grew by 78.3% to $ 1.37 billion in 2012 from $0.77 billion in Source: Indian Embassy, U.S.A 9

10 Welcome to New Members: S.No Company Name Representatie Designation Location Line of Business 1 Jain Granites Mr. R. Sunil Bafna Executie Director Chennai Granites, Marbles, Ceramic & Projects India Ltd Floor titles, Wooden flooring, Wall Paper, Steel 2 K7Computing Pt Ltd Mr. J. Kesaardhanan Chief Executie Chennai Security software Officer deelopment & Marketing Firm 3 Maadha Oerseas Mr. S. Muralidharan Proprietor Chennai Leather products Manufacturing & Exporting 4 Congruent Solutions Mr. Balaraman President Chennai IT, ITES, Software Priate Ltd Jayaraman deelopment, Designing & Systems Engineering 5 Vasantha Adanced Mr. R. Karthikeyan CEO Coimbatore Industry group 36 EMS, Systems Manufacture of coils, cable harness and microcontroller products 6 Sri Kaliswari Mr. A.P. Selarajan Director Chennai Manufacture of Matches, Fireworks P Ltd Fireworks & Aluminium Powder 7 Sakthi Automotie Dr. M. Manickam Chairman & Chennai Manufacturer of autoparts group Managing Director especially for passenger car segment 8 Amritha Vishwa Mr. Vettah P. Harish Chief Coordinator Coimbatore Educational Institution Vidyapeetham Uniersity 9 GPR Power Mr. S. Damodaran DGM Chennai Design, supply, erection & Solutions Pt Ltd commissioning of Mechanical equipments 10 Veeramaasthi Tex Mr.M.N.Padmanabhan Managing Director Chennai Garments Manufacturing, Fabs (P) Limited Mr.N.Gopikrishnan Executie Officer Designing and Exports 10

11 Trade Shows in U.S.A. (Sep- Dec 2013): S.No Date Eent Title Venue Website 1 Sep 7-8, 2013 Hudson Valley Wine New York, USA And Food Fest 2 Sep 8-9, 2013 PRINT 2013 Chicago, IL, USA 3 Sep 9-11, 2013 RETECH 2013 Washington, DC, USA 4 Sep 18-19, 2013 Health & Fitness Las Vegas, NV, USA Business Expo 5 Sep 23-25, 2013 PACK EXPO Las Las Vegas, NV, USA Vegas Oct 1-3, 2013 Healthcare Facilities Chicago, IL, USA Symposium & Expo 7 Oct 5-9, 2013 IBP - WEFTEC 2013 Chicago, IL, USA 8 Oct 6-9, 2013 International Baking Las Vegas, NV, USA Industry Exposition (IBIE) Oct 11-13, 2013 International Gem & Dallas, USA Jewelry Show 10 Oct 16-20, 2013 American International Orlando, FL, USA Motorcycle Expo AIMExpo.aspx 11 Oct 22-25, 2013 Louisiana Gulf Coast Lafayette, LA, USA Oil Exposition (LAGCOE) Oct 23-25, 2013 Industrial Fabrics Orlando, FL, USA Association International IFAI Expo Americas Oct 28-30, 2013 GridWeek 2013 Washington, DC, USA 14 No 12-14, 2013 POWER-GEN Orlando, FL, USA International Dec 10-12, CHEM Show New York, USA 11

12 Pennsylania: the State of Innoation Located on the East Coast of the United States, within 800 kilometers of 40% of the U.S. population and 60% of Canada's population, Pennsylania is a prime business location in the country. Only a few hours' drie from Washington, DC and New York City, Pennsylania sits between the nation's seat of goernment and main financial center. Pennsylania has the 19th largest economy in the world, and its continued success as an economic powerhouse has been ensured by the careful structuring of policies, legislation, and industry support. A Dierse Economy Pennsylania dierse economy has a ariety of strengths across fie main industry sectors, including life sciences, adanced materials and manufacturing, business serices, high technology, and energy. The critical mass of educational and research institutions, along with established industry clusters in these sectors, and strategic support from the state goernment and local and regional partners, has helped Pennsylania maintain stability and growth during challenging financial times. Adanced Manufacturing and Materials Manufacturing has always formed the foundation of Pennsylania's economy, and has a long and dynamic history in the state. Today, adanced manufacturing refers specifically to methods inoling the use of adanced, innoatie or cutting-edge technology to improe products and processes. Pennsylania's adanced manufacturing and materials industry has recently begun another renaissance in its deelopment. The state ranked 5th in oerall manufacturing by alue-added with $98.2 billion in % of the national alue, and has the 6th largest manufacturing Gross State Product in the U.S. Manufacturers in Pennsylania now account for more than 12 percent of the total output in the state, and are experiencing the best production leels in the state's history. Employment has risen substantially in the last two years 12,100 jobs were created in 2011 alone as a part of Goernor Tom Corbett's Jobs First PA initiatie. Manufacturing productiity outpaces all other sectors with a 259% increase oer the last 40 years. Total output from manufacturing has ranged from $64 to $71 billion oer the past seeral years it was $71 billion in Variety of Manufacturing Production in Pennsylania Pennsylania's manufacturing industry is highly dierse, with no one sector dominating. This is both a benefit to the state's economy during recessions and also a limit with how quickly the state reflects a boom. States with a dominant industry experience dramatic increases in output during recoery periods, but these states also see steep declines during downturns as a result of the reliance on one sector. Pennsylania's core manufacturing sub-industries lie in chemical manufacturing, fabricated metals manufacturing, machinery manufacturing, primary metal manufacturing, paper products manufacturing and plastics and rubber manufacturing, with paper and primary metals ranked 2nd and 3rd in the country respectiely in terms of GDP. Attracting International Companies Pennsylania committed to breaking down barriers for businesses seeking to locate in the state. Led by the Pennsylania Office of International Business Deelopment (OIBD), the state has become a leader in cross-border projects and is one of the nation's fastest growing exporters, thanks to its global network of oerseas offices which coer oer 50 markets worldwide. These efforts hae helped make Pennsylania home to almost 6,000 foreign-owned businesses employing more than 250,000 people. Currently, there are 49 Indian-owned companies in Pennsylania, employing oer 2,400 indiiduals. Since the 1990s, the OIBD has helped companies to naigate the system of doing business in Pennsylania and abroad. One of the unique ways Pennsylania has been able to accomplish this has been through its global network of offices, including trade and inestment offices in Bangalore, India. Working with the OIBD and its partners, international companies can learn about setting up and operating a business in Pennsylania, taxes, immigration, site selection, real estate, and legal issues. The OIBD can also assist with gathering market intelligence and making initial introductions for companies to potential partners and others engaged in their industry across the state. Additionally, the OIBD proides Pennsylania firms with export assistance and can help companies conduct distributor searches, et potential business partners, and learn about international markets for their products. 12

13 In the past few years, Indian companies including Unilog Content Solutions, Genpact International, Vitri Solutions, and others hae found a place in Pennsylania's ibrant business community. The business assistance and incentie packages offered to these companies at the state and local leel make Pennsylania an appealing location for headquarters, regional offices, and manufacturing facilities. Educated Workforce The key to a quality workforce is a quality education. The commonwealth is home to 4 of the nation's top 50 uniersities, 8 of the top 50 liberal arts colleges, 3 of the top business schools and two of the top 50 law schools. The Uniersity of Pennsylania's Wharton School of Business is one of the nation's top business schools, while Carnegie Mellon Uniersity is one of the country's highest ranked graduate computer engineering schools. Pennsylania State Uniersity's Materials Science Program is ranked among the best in the world. Pennsylania also offers an extensie range of customized job training programs and partnerships, many of which specifically target the key industries in the state. Grants for workforce training are widely aailable for businesses choosing to locate within the state. A True U.S. Leader The state's innoatie programs and initiaties are designed to enhance the state's economy by proiding the capital, infrastructure and talent necessary to create and retain highpaying, highly-skilled technology jobs. Pennsylania's wellrounded approach to economic deelopment seeks to leerage its manufacturing expertise, skilled labor force, cutting-edge academic and research institutions, and adanced infrastructure to proide fertile ground for business growth. Pennsylania truly lies up to its name as the State of Innoation. - Source: Pennsylania Trade Office Please contact IACC Secretariat by tn@iaccindia.com to get connected with the State of Pennsylania for trade opportunities. Hotels Discount Facilities to IACC Members Hotel Kohinoor Asiana, Chennai 1/238, Old Mahabalipuram Road, Semmencherry, Chennai Phone: , reserations@asianahotels.com (The tariff is alid until December 31, 2013) Room Published Special Category Tariff Rate Standard tax 6000+Tax Single Room Standard Tax 6500+Tax Double Room Suite/ Club Room 20% Discount on the Tariff Bytes F & B Outlets 25% on normal pastries & cakes Caramel, Silk, Wildfire 15% on the bill I-Lounge Other serices Remarks No discount on fancy cakes, wedding cakes, festie items & cold cuts Prana Spa 15% discount on all treatments Mon-Fri (4pm to 10pm) Prana Spa 15% discount on all merchandise 13

14 Hotel The Residency Towers, Chennai 115, Sir Thyagaraya Road, Chennai Phone: , (The tariff is alid until September 30, 2013) Room Published Special Category Rate Rate Standard Single Taxes Taxes Standard Double Taxes Taxes Hotel The Deccan Plaza, Chennai 36, Royapettah High Road, Royapettah, Chennai Phone: , deccansales@deccanhotels.com (The tariff is alid until September 30, 2013) Room Published Special Category Tariff Rate Superior Single Taxes Taxes Superior Double Taxes Taxes Hanu Reddy Residences, Chennai Poes Garden Tariff Wallace Garden Tariff 41/19 Poes Garden, Chennai No. 6A/24, Wallace Garden, 3rd Street, Chennai Phone: , reserations@hanureddyresidences.com Phone: , reserations@hanureddyresidences.com (10% discount on the published tariff) Room Published Luxury Tax Serice Tax Total Category Tariff 12.5% 7.42% Suite Mini Suite Deluxe Standard Room Published Luxury Tax Serice Tax Total Category Tariff 12.5% 2% Presidential Suite Suite Mini Suite Deluxe Standard *To know more details on the Hotel Discounts, please contact IACC Secretariat by preetam@iaccindia.com 14

15 IACC in News Published by Indo-American Chamber of Commerce, st New No:6 (Old No:2), Seethammal Colony, I Cross Street, Alwarpet, Chennai Phone: Telefax: tn@iaccindia.com Website: Disclaimer: The content of this Newsletter, SPECTRUM has been gathered from arious sources. This content has been made aailable by the Indo-American Chamber of Commerce to its members in good faith as a serice to them. Though the Chamber has taken adequate efforts to ensure the authenticity of the information, the Chamber will not be liable for any action that readers take based on the information presented. The iews presented herein are those of the authors/contributors and are not necessarily the iews of the Chamber. The organization does not accept any liability whatsoeer nor do they accept responsibility for any financial or legal consequences arising from the use of the information proided herein.