Theo Prodromitis, President Out Front Brands, is honored to have been able to help promote, and participate in, the IIFA Global Business Forum, Hosted by the University of South Florida College of Business. Presenting an exciting opportunity for collaboration and networking, the conference is themed, “Indo-U.S. Partnership: A Catalyst for Economic Growth” and takes place at the Tampa Convention Center April 24-25, 2014.
Today, the Indian-American community has been at the forefront of innovation, knowledge-based services, and entrepreneurship, creating jobs and contributing to the U.S. economy. Two-way commerce between India and the U.S. crossed the $60 billion mark in 2012, but there is potential for reaching the $100 billion mark. The Indian economy has grown to be the10th largest in the world, and experts project India will become one of the top five economic powers by 2050.
India and the United States follow business practices anchored in core values of democracy, pluralism, individual freedom, and respect for contractual obligations. These similar values provide a starting point for these two nations to pursue deeper partnerships and enjoy the resulting benefits. However, protectionist policies followed by both nations are obstacles to deeper commerce ties. These policies include barring foreign companies from certain sectors of the economy and raising the cost of doing business through regulations and legal measures.