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NRIs in Chicago launch Non-Profit Indian American Business Council in presence of Acharya Dr Lokesh Muni

Indian American Business Council (IABC) hosted a high profile reception with dignitaries from India, South Africa, El Salvador, and America on Thursday, August 11

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IAB Council which held a reception yesterday with Acharya Dr. Lokesh Muni as the chief guest. Image source: IABC

Chicago, August 13, 2016: With India’s 70th Independence Day (August 15) approaching, Indian American Business Council (IABC) hosted a high profile reception with dignitaries from India, South Africa, El Salvador, and America on Thursday, August 11.

The celebration took place at Northwest Suburban College in Rolling Meadows, IL. IABC earlier has been soft launched in the presence of Governor Hon. Matt Bevin and Louisville Mayor Hon. Greg Fischer in May this year in 2016, in Louisville, Kentucky.

Indian American Business Council. Image source: nrinews24x7.com
Indian American Business Council. Image source: nrinews24x7.com

Newly formed a trade organisation, IAB Council, was graced with presence and enlightening words from Chief Guest, Acharya Dr Lokesh Muni Ji who was introduced as an ambassador of peace. He shared that ahimsa, unity, and cooperation is the key requirements for any progress. Further, he announced the setting up of a World Peace University in Gurgaon India with a central goal of combatting violence and terrorism in the society and introducing the principles of nonviolence.

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The IAB Council is an umbrella organisation, which supports small and medium size businesses that are particularly interested in expanding their business in the global market. Council also provides full-scale services to investors from across the globe to match their investment with opportunities for secure and maximum growth. IAB Council is Illinois registered not-for-profit organisation and is currently operating in Illinois, Kentucky and India. IAB Council’s strategic partners include Indian Diaspora Club, Government Technology Foundation, Indo-American Friends Group, VisionOne, CSR Virgil, and VNA & Partners. Apart from that, Illinois Chamber of Commerce, IL SBDC International trade Center and others are the Strategic collaborators to the organisation.

Attorney, Ms Chipo Nyambuya, principal of Virgil LLC presented an overview of creative investments and legalities for Investment in the USA and across the globe. Ms Nyambuya also provided the members present in the ceremony,with the highlights of the investment opportunities present for businesses. CEO-Center for Strategic Solutions, Mr Mohammed Faheem presented the talk on WIOA grants for workforce development and retention. Founder and Chair of IAB Council Board, Ms Poonam Gupta-Krishnan, had the audience mesmerised by the vision and the success that Council achieved in a short period of time.

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Earlier,  Harish Kolasani, IABC President welcomed the distinguished gathering and introduced the Council executive team including Keerthi Kumar Ravoori, Mohammed Faheem, Dr Sanhita Agnihotri, Nazneen Hashmi and he invited Chief Guest Acharya Dr Muni to light the ceremonial lamp.  Keerthi Kumar Ravoori welcomed the gathering and outlined the mission and highlighted IABC’s upward trajectory in opening chapters in other states and facilitating business alliances.  Dr Vijay Prabhakar applauded the efforts of IABC for its trailblazing work in industriously promoting Indo-US relations through business partnerships.

Among the dignitaries present include Shakira Motan, Consul Economic, South Africa; Silvia Toledo Enriquez, Mexico; Nakul Chand, Air India, Syed Hussaini, WinTrust, Ajai Agnihotri, FIA Trustee  along with over 30 Industrialists, 10 legal professional, and many small-medium businesses. Dr Sanhita Agnihotri proposed a vote of thanks and invited the IABC team to present a shawl to showcase welcome and esteem to Acharya Dr Muni.  The evening closed with guests engaging in networking over Indian dinner.

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Important Tips to Follow if you wish to Expand Business Overseas

Want to spread your business overseas? Here is all you need to do for Spreading your business internationally.

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Tips to expand business overseas
Tips to expand business overseas. Flickr

One of the first things people notice when they branch out into doing business internationally is how big a role social norms play in business dealings. It’s the same in North America, but the contrast is much more jarring when dealing with a new country, new etiquette, and new expectations. Whether you are applying for financing from a lender or opening a new branch of your business overseas, it’s important to understand that how you conduct yourself can have a profound impact on the success (or failure) of your business. Here are a few general guidelines to help you conduct business in a variety of regions around the world.

In Asian boardrooms, meeting participants will typically be arranged by seniority. This is also the order in which they should be greeted, and the order in which you should pass out your business cards. This is a sign of respect. Speaking of business cards, be prepared to hand out many more in Asia than you would in North America. There is a ceremony around exchanging business cards in countries such as Japan. Be sure to invest in a business card case, as it is seen as rude and inappropriate to keep them in your wallet or pocket.

In some Middle Eastern countries, note that it is quite normal for a male client or colleague to grasp another man’s hand while walking together. Although this may seem unusual to North American sensibilities, it’s considered a sign of trust in some parts of the world.

It’s also a good idea to bear in mind that questions that may be perceived in North America as being simple small talk may actually consider quite rude and intrusive in some countries, such as questions about marital status, children, age, etc. In professional situations, it’s always best to err on the side of being too impersonal rather than to risk being considered nosey.

Gift-giving in a business setting is complicated in some cultures. In some cases, for example, it is considered improper to open a gift in front of the giver, so be aware of that if you are presented with a gift.

Manners are a very big point of difference among different cultures. For example, it is perfectly acceptable and actually expected, that diners will eat a sandwich with a knife and fork. Similarly, belching and slurping one’s food is considered rude in some cultures, but quite acceptable in others. It is considered socially unacceptable in countries such as Japan to be seen blowing one’s nose in public.

When it comes to professional attire, you can never go wrong erring on the side of conservative, no matter where you are in the world. Women should take special care to dress more modestly, as it can be a serious culture misstep to dress too revealingly.

When you do business with other countries, it’s important to know the business and legal issues that may arise, but never forget that business is, as the heart of things, a people-first endeavor. The more you can be aware of and respectful of the social expectations, manners, and etiquette in the region in which you are doing business, the more professional you will be perceived. And that can go a long way toward helping you to solidify meaningful business connections around the world. If you aren’t sure how to act or what to do, always educate yourself before you arrive. Not only do you not want to look foolish, you also don’t want to be insulting. There are lots of resources online and in books to help you navigate these challenging waters.

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The major Challenge is to make the Youth of the Country Entrepreneurial and not Job Seekers : Venkaiah Naidu

"The challenge for us is to make the youth entrepreneurial, and not become job seekers," Venkaiah Naidu said pointing to the NDA government's various initiatives.

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Venkaiah Naidu
Venkaiah Naidu. Wikimedia Commons
  • At a time of tepid job growth and continuing income disparities, the major challenge is to make the youth of the country entrepreneurial and not job seekers, Vice President  Venkaiah Naidu said on Thursday.

“Disparities continue to remain in India and so there is a need for inclusive growth… there is the need to take care of the suppressed, oppressed and depressed,” Venkaiah Naidu said at the Bharatiya Yuva Shakti Trust’s (BYST) silver jubilee celebrations here with Britain’s Prince Charles as the chief guest.

“The challenge for us is to make the youth entrepreneurial, and not become job seekers,” Venkaiah Naidu said pointing to the NDA government’s various initiatives to encourage youth enterprises like Startup India, Standup India and the Mudra financing scheme for underprivileged sections.

Modelled on Prince Charles’ Trust for business startups, BYST, founded by Lakshmi Venkatesan, daughter of former President R. Venkatraman, is engaged in building rural entrepreneurship — “grampreneurs” — as also enterprise among under-privileged sections, which includes business mentoring. The current BYST chairman is Bajaj Group chief, Rahul Bajaj.

“Without mentoring, it would be very difficult to set up startups, with all the business, marketing and other vital issues involved in the first two-three years,” Prince Charles said in his address at the International Mentoring Summit organized by BYST to mark its 25 years.

“What amazes me are the sheer number of jobs these young entrepreneurs had created. The aim of such a project should be to create a virtual cycle of creating entrepreneurs who can then invest in the future of business,” Charles said referring to his trust.

BYST was officially launched in 1992 by Prince Charles and expanded its operations to six major regions of India.

Out of these six regions, four — Delhi, Chennai, Pune and Hyderabad — run the urban programme while two regions — Haryana and Maharashtra — run the rural programme.(IANS)

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India sends Emergency Fuel Supplies to Sri Lanka

According to Indian public broadcaster Doordarshan, Modi assured all assistance from India to Sri Lanka following Siriena's request for emergency fuel supplies and petrol shipments.

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emergency fuel supplies
India is sending additional fuel to Sri Lanka, confirmed PMO onTwitter (representative image) Wikimedia

New Delhi, November 9, 2017 : Following reports of Ceylon Petroleum Corporation (CPC) rejecting a shipment of petrol from Lanka IOC (LIOC), the Sri Lankan subsidiary of Indian Oil, India on Wednesday made emergency fuel supplies to Sri Lanka following a telephonic conversation between Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena.

“In the telephone conversation with Sri Lankan President @MaithripalaS, PM @narendramodi conveyed that India is sending additional fuel to Sri Lanka and assured India’s continued support for development cooperation,” the Prime Minister’s Office (PMO) tweeted.

According to Indian public broadcaster Doordarshan, Modi assured all assistance from India to Sri Lanka following Siriena’s request for emergency fuel supplies and petrol shipments.

LIOC has made available 3,500 kilo litres of its own stock to CPC, Doordarshan said in a shared tweet.

A ship with an additional 21,000 kilo litres of petrol also left for Sri Lanka and additional petrol is being made available from Kochi refinery in Kerala.

Citing CPC sources, the Sunday Times said an emergency fuel supplies’ shipment that arrived at the Colombo harbour on October 17 had been tested for a second time and rejected on a quality test.

However, Sri Lankan Prime Minister Ranil Wickremesinghe said he did not agree that LIOC was responsible for the current fuel shortage in the country and said two oil shipments would be arriving in the country within two day, acording to a report in the Colombo Page.

“Apart from petrol shipment arriving on November 8, another shipment is due from India on November 9, Prime Minister Wickremesinghe informed the parliament on Tuesday responding to a question raised in the parliament regarding the fuel crisis,” the statement said.

It said that Wikremesinghe said a discussion was held with the Indian High Commissioner in this regard and the Indian ship would arrive either November 9 or 10. (IANS)