Why in news?
The Indian Economic Trade Organization (IETO) has recently announced the appointment of Nutan Roongta as the Director of the USA East Coast Chapter. This significant development highlights IETO’s commitment to expanding its presence and promoting bilateral trade and economic cooperation between India and the United States. As the Director of the USA East Coast Chapter, Nutan Roongta will play a pivotal role in leading and coordinating the organization’s activities across this vital region. With her extensive experience and expertise in international trade and business development, she is well-equipped to spearhead IETO’s efforts to enhance commercial ties between the two nations.
All about the IETO
IETO is a renowned organization dedicated to fostering economic growth, facilitating business partnerships, and promoting investment opportunities between India and its global counterparts. Establishing USA East Coast Chapter is a strategic move that reflects IETO’s commitment to strengthening bilateral trade and economic cooperation with the United States, one of India’s key trading partners.
IETO aims to facilitate greater market access for Indian businesses in the United States, while also attracting American companies to explore investment opportunities in India. By leveraging on existing expertise and the Indian diaspora IETO, will work towards removing trade barriers, identifying potential sectors for collaboration, and promoting cross-border partnerships that create a win-win situation for both nations.
Important takeaways for all competitive exams:
- IETO Headquarters: Bengaluru;
- IETO Founded: 2013.