Vinai Thummalapally, Executive Director of SelectUSA is in the news

vinai thummalapally

Vinai Thummalapally serves as Executive Director of SelectUSA, part of the International Trade Administration of the U.S. Department of Commerce.  Established by Executive Order of the President, SelectUSA is the U.S. government-wide initiative to attract and retain business investment in the United States.  As Executive Director, Ambassador Thummalapally manages the strategy and implementation of SelectUSA as it works to create jobs, spur economic growth, and promote American competitiveness.  He also co-chairs, with the Director of the White House National Economic Council, the SelectUSA Interagency Investment Working Group to coordinate existing resources across the federal government to promote business investment and address federal regulatory barriers.

He is in the news because

SelectUSA, a business facilitation body promoted by the US government, is in India to woo potential investors including small and medium enterprises. The investment promotion body will provide business solutions and related services to Indian SMEs that are keen to set up shop in the US.

“Large Indian houses already have presence in the US. We want Indian SMEs to invest in the US,” said Vinai Thummalapally, executive director of SelectUSA, which is part of the International Trade Administration of the US Department of Commerce. “We would be acting as facilitator and provide business solutions and legal advice to potential investors. We want to double the number of Indian investor in the US.” This comes ahead of Prime Minister Narendra Modi’s visit to the US where he’ll be seeking more direct investment from American companies.

 

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