World Trade Center Shamshabad, in Association with Fairfax County Economic Development Board, US Commercial Service and Davies & Associates, has organized an interactive session on “Fairfax County, USA: Global Business Destination and the most trusted support in US Business Expansion.’

Mr. Jennifer Larson, US Consulate General in Hyderabad, in her Key Note Address, has said that "In 2021, the total foreign direct investment (FDI) from India to the US was $14.4 billion, and these investments have directly supported over 72,000 US jobs and helped expand US exports by $1.7 billion. This year, the FDI is again on an upward trajectory in the US.”.

Virginia bagged first place in “The 2022 Business Climate” Rankings released by Site Selection Magine and 3^rd place as per CNBC for the year 2022 on “America’s Top States for Business 2022”.

We welcome businesses to set up their office in Fairfax county by providing them assistance in meeting the local requirements, site selection and other requirements as per the clients, if any, and we advocate for the investors to do their due diligence effectively and it should be in line with their Go To Market Strategy” Juhi Naithani, Assistant Director International Business Investment Fairfax County EDA in the address to the delegates. She further said that Fairfax County is a home for companies who are working on Federal Government Contracts or in Aero Space & Defense, Fintech etc.,

Businesses establishing their offices can leverage these benefits

a)     Have market access to serve the Federal Government and the corporates

b)     Has competitive corporate tax rates, has not raised tax rates from 1972

c)       Provides counselling services to SMEs through SCORE, an agreement with Service Corps of Retired Executives

d)     offers co-working spaces and virtual offices

e)     The time for incorporating a company is less than 5 minutes

f)       it is best of the schooling system in the

g)     Fairfax County Business Development Authority will handhold the business in the initial days by providing marketing intelligence, connecting with VCs or angel investors

Granules India Founder and Managing Director Dr. Krishna Prasad Chigurupati presented his company's growth in Fairfax County, Virginia, as a case study during the event. He said, "We started our operations in the US during the late 1980s. We had set up an office in New Jersey. We have around 160 people working in the US facilities. We will soon hire 300 people in this region."

He further informed that his company will be shortly opening a pharma packaging unit in Virginia, and the new site will provide employment to 60 persons. Virginia Governor Glenn Youngkin will soon inaugurate the facility, he said, adding that the previous governors of the region have also been very friendly towards the entrepreneurs from India.

A panel discussion was also hosted during the event, and panelists are Navitas Founder & CEO Srini Bayireddy, Kellton Tech President Niranjan Chintam and Davies & Associates Of Counsel Zeenat Phophalia and Juhi Naithani, Assistant Director International Business Investment Fairfax County EDA. During the deliberations, the panellists shared why they opted for Fairfax county and how it helped them to expand.