NARASIMHAN KASTHURI
SAN FRANCISCO, July 24
Stating that the Institute of Chartered Accountants of India (ICAI) wanted to expand its global presence, the ICAI has started five representative offices in the United States, under a ‘Unite in America’ event on July 4 to coincide with the American independence day.
My compliments to @TheICAI for not only strengthening the chapter in San Fransisco but also for launching all the representative offices.
With your efforts and good work, you will make everyone in India proud: @PiyushGoyal
— Piyush Goyal Office (मोदी का परिवार) (@PiyushGoyalOffc) July 4, 2020
Union Minister for Commerce Piyush Goyal, who inaugurated the offices, urged the professionals to help India become a $5-trillion economy in five years and a $10 trillion by 2030. He appealed the professionals in the USA to work collectively to raise the flag of Indian chartered accountants, build up the credibility of our work, and make sure the integrity that defines our profession is maintained.
https://youtu.be/Yl8qHxECnBA
With the launch of the new offices in Chicago, Dallas, Houston, New England Region, and Washington DC, the ICAI has a presence in seven major cities in the US, including New York and San Francisco, where it already has chapters.
The New York chapter was reactivated on that day, said Vish Arunachalam, founder chairman of the San Francisco chapter.
With this, the US has become the largest number of overseas offices of the institute.
The main aim is to bring a major part of the around 3,000 and more CAs from India in the US together, said Geetha Ramakrishnan, current chairman of the SF chapter.
Atul Kumar Gupta, President of ICAI, said that the institute is opening representative offices in the jurisdiction where currently the overseas Chapters cannot be formed. The objective of setting up the representative office is to have a nodal point of ICAI in that jurisdiction and work towards the formation of a Chapter, over a period of time.
The ICAI has started forming representative offices in Ghana (Acra); Rwanda (Kigali); South Africa (Durban); Mauritius, Port Louis); South Africa (Johannesburg); Egypt (Cairo). ICAI is going to inaugurate its 36th chapter in Fujairah, UAE, and adding the fourth Chapter in the UAE.
ICAI has launched the concept of representative offices with a vision to have a presence in at least 100 locations globally under its Vision ICAI@2024 plan.
