The Fairfax County Economic Development Authority (FCEDA) and its India representative, InnoVersant Solutions, will present a business seminar entitled â€œU.S. Business Opportunities in Technology Sectors: Why Now?â€ in Bangalore on October 21, 2011, to spotlight opportunities in the United States for Indian technology companies. The FCEDA is presenting the event with the Indo-American Chamber of Commerce (IACC).
This seminar will focus on Indo-U.S. trade and investment and highlight successful business strategies and investment opportunities in the U.S. market in key technology sectors such as IT, telecommunications, finance and homeland security.
Executives from two firms with operations in India and in Fairfax County â€“ Headstrong Corporation and Pervazive â€“ will present investment and growth case studies. Pervazive, a telecom network management firm based in Bangalore, opened an office in Fairfax County. Headstrong is a Fairfax County-based business process management and technology consultancy that Genpact LLP bought in 2010 to ramp up its U.S. presence.
Speaking on their U.S. investment strategies in Fairfax County will be Anuraj Soni, vice president at Headstrong, and Nikunj Gupta, CFO at Pervazive. The event also will feature a presentation by George Molokal, CEO of ALCOR Fund, about different models of entering the U.S. market, and a presentation by James Golden, principal U.S. Commercial Service officer at the U.S. consulate in Chennai, on the economic outlook for Indian firms interested in investing in the U.S.
Narendra and Sid Sarawgi, directors of InnoVersant and the FCEDAâ€™s Bangalore office, will emcee the event at the Hotel Le Meridien in Bangalore. A. Gurudutt, chairman of IACC Karnataka, will offer welcoming remarks. Asher Kotz, the FCEDAâ€™s business development manager for India, will be part of a panel discussion that also will include Mr. Gupta from Pervazive and Mr. Soni from Headstrong.
Fairfax County is close to Washington, D.C., and Washington Dulles International Airport. The Fairfax-Washington area continues to outperform the rest of the country with continued strength in the IT, telco and professional services sectors, making the area an attractive area for Indian companies interested in the U.S. market. More than 25 companies from India have a presence in Fairfax County. The FCEDA has had an office in Bangalore since 2005 to work with Indian companies interested in expanding in the U.S.
â€œIndian companies developing world-class technologies and services should see Fairfax County as an excellent base for U.S. operations because of market opportunities here and access to other markets around the country,â€ said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. â€œThis event is an excellent way for Indian companies to understand more about the opportunities here and the challenges of locating in the U.S.â€ More than 370 foreign-owned companies, including more than 20 from India, have a presence in Fairfax County.
“Pervazive has its global Intellectual Property hub for the Telecom Operations software market in the Fairfax County, Virginia, region. The Fairfax County Economic Development Authority has played a large part in this decision through its proactive and consultative approach to help businesses establish and grow in the regionâ€ said Avinash Ambale, CEO and President of Pervazive. â€œPervazive strongly believes the U.S. is and will remain the dominant world force for Innovation and Intellectual Property creation for some time to come; and the current economic climate is the right timing for creating lasting value.”
â€œHeadstrongâ€™s joining of the Genpact family last year illustrates one way that companies continue to globalize by creating job opportunities in both developed countries like the U.S. and emerging economies like India,â€ said Sandeep Sahai, president and CEO of Headstrong. â€œGiven our unique IT services capabilities and high-quality workforce in Fairfax County, we are delighted to be part of this event organized by the Fairfax County Economic Development Authority that will highlight the growing business and trade links connecting India and the U.S. and the investment opportunities between two of the largest and most dynamic markets in the world to generate job growth.â€