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January 18, 2018

Chhattisgarh organized Investors Seminar in San Francisco Bay Area, keen to collaborate on education and startups leading better employment for youth


San Francisco : The Chhattisgarh Government has signed a  Memorandum of Understanding (MoU) with the Stanford University to work in the areas of teaching, research, exchange of faculty and students.

Notably, after successfully organizing investors’ seminars in New York and Chicago, the State Government delegation moved to San Francisco Bay Area, wherein the State Government organized a Chhattisgarh Investors Seminar in collaboration with USIBC and TiE Global.

In the investment seminar, Chief Minister Raman Singh addressed audience and showcased Chhattisgarh vision in a significant manner and provided the understanding about Chhattisgarh key infrastructure projects and invited corporates and NRIs from San Francisco to visit Chhattisgarh and explore business opportunities in the State.

The State Government also signed an MoU with M/s Wadhwani Operating Foundation in providing training and support to aspiring entrepreneurs, to develop city based startup and SME ecosystems by leveraging Network of Mentors, Investors and Incubators through National Entrepreneurship Network (NEN) and skill development and employment to the youths. Ajay Kela, Executive Director, signed the MoU on behalf of Wadhwani Operating Foundation.

The State Government also signed MoU with Spinta Global Accelerator, a force multiplier for startup for setting up a global accelerator in Chhattisgarh. Spinta Accelerator works with professionals and budding student entrepreneurs enhance their business ideas with our domain and technology expertise to provide maximum returns on their investments. Prashant Parekh, CEO, Spinta Global Accelerator, signed MoU on behalf of Spinta Global Accelerator.

During the Investors seminar in San Francisco, Vivek Dhand, Chief Secretary, Government of Chhattisgarh, gave the opening address and highlighted key sectors where Chhattisgarh and San Francisco can collaborate.

During the day, State delegation led by Chief Minister Raman Singh visited Google campus at Mountain view, Silicon Valley, California and met Anjali Joshi, Vice President, Product Management, Google and Minal Mehta, Group Product Manager, Google and discussed in detail on Chhattisgarh’s collaboration with Google on Healthcare, IT and Education sectors.

Singh invited Google officials to the State to further discuss on these areas of collaboration. The State delegation also visited 500 startups campus. The 500 startups is an early stage venture fund and seed accelerator. Chhattisgarh team met members of 500 startups and discussed on startup ecosystem for Chhattisgarh.

It may be recalled that American and Chinese firms as well as other domestic industrial groups had evinced keen interest in investing in various sectors of Chhattisgarh in February this year.

The American delegation had evinced interest for making investments in road sector, modernisation of Railway stations, airports, warehouses, export of frozen agricultural products, water and sewerage treatment in Naya Raipur, Information Technology and Start-ups in Chhattisgarh.

In order to explore potential areas of partnership, the delegation was very keen to lay the groundwork for US companies on partnering the State and industrial units in Chhattisgarh, under Centre’s ‘Make in India’ initiative and wanted to leverage on the State’s strengths in “Ease of Doing Business”, officials stated.

An American delegation led by Consul for Political and Economic Affairs Raj Wadhwani and Ayesha Khan, Political Specialist of the Consulate General of USA in India called on senior officials of the Commerce & Industry Department of Chhattisgarh  during September month last year.

In order to explore potential areas of partnership, the delegation was very keen to lay the groundwork for US companies on partnering the State and industrial units in Chhattisgarh, under Centre’s ‘Make in India’ initiative and wanted to leverage on the State’s strengths in “Ease of Doing Business”, officials stated.

In a meeting at the Mantralaya with Subodh Singh, Secretary, Commerce & Industries, Wadhwani congratulated the former and his team for emerging as one of the top States in India as per the ‘Ease of Doing Business’ ranking exercise carried out by the Government of India and validated by the World Bank. He also expressed his keenness in promoting the State to the US-based investors for considering it as a preferred investment destination.

Note: News shared for public awareness with reference from the information provided at online news portals.

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