New Delhi, July 22 (IANS) The Indian American Business Council (IABC) on Saturday launched its India-based “national chapter” to provide a platform for micro, small, and medium sized enterprises to expand their businesses. Also Read - Claiming to be Goddess, Mother Axes 24-Year-Old Son to Death in Madhya Pradesh's Panna

The non-profit organisation headquartered in Chicago said that it intends to facilitate interaction and co-operation between MSMEs from both the countries. Also Read - MPBSE 12th Supplementary Result 2020 Declared at mpbse.nic.in, Here's How to Check

According to IABC, under its aegis three investment deals — MoUs (memorandum of understandings) — totalling over $35 million are currently under way. Also Read - MP Minister Accuses Madrasas of Breeding Terrorism, Says Government Funding Must be Stopped

“IABC has been working with industries that include healthcare, manufacturing, energy and infrastructure products and services to provide them with access to collaborations, technical know-how and investors relations,” it said in a statement.

Besides the national chapter, the council said that it has formed three state chapters in Uttar Pradesh, Madhya Pradesh and Telangana.

In addition, IABC informed that it is engaged in socio-economic activities like development of 100 “smart villages”.

This is published unedited from the IANS feed.