• info@viksitamritsar.org

The inaugural meeting of ‘Viksit Amritsar Investment (VAI)’ was held in Davidsonville MD on Tuesday the 30th of April 2024. This meeting was the natural next step to the US India business partnership conclave held in Amritsar on the 2nd of April 2024. For background, the US – India business conclave was conducted in Amritsar attended by Ambassador Taranjit Singh Sandhu- Samundri, Dr. Mukesh Aghi, CEO of United States India Strategic Partnership Forum (USISPF) and Mr. Shailesh Kumar, Secretary General of the Federation on Indian Chamber of Commerce, and Industries (FICCI). Dr. Sanjiv Lakhanpal (Cardiac Surgeon in Maryland and originally from Amritsar) moderated the event, held in Amritsar to stimulate it’s economic growth and development by promoting entrepreneurship & Start Ups.

‘Viksit Amritsar Investment (VAI)’ is an investment initiative formed by a group of US citizens and permanent residents from different professional backgrounds. VAI is grateful for the partnership offered by USISPF and FICCI.

The help VAI aims to provide to the Entrepreneurs in Amritsar will include mentorship & access of up-to $100 M of capital to get their socially & environmentally responsible start-ups to succeed. Such entrepreneurs could be in the fields of Farming & Agriculture, Industry & Commerce, Skill development, Information Technology, Health Care, Tourism, Home building etc. – essentially anything that allows an entrepreneur especially women & youth to thrive in Amritsar. All investments will be approved by VAI’s highly respected investment committee, which is made up of VAI’s investors and independent advisors.

Next steps: This is the first important step in the process: ‘Good & successful people committing their time and resources to help those who need support just like we did just a few decades ago’. Next, we will finalize our legal and business structures that would allow transnational investments in the coming months. However, we do have some good news, applications for investment are being considered for execution within the next few weeks through our existing partners in India. We also here want to underline that ‘Viksit Amritsar Investments (VAI)’ is not a charity. This fund is to allow investments in socially responsible & fiscally viable projects that will help entrepreneurs of different fields to economically grow and develop Amritsar, making Bharat proud!!

Founding Members present: Dr. Sanjiv Lakhanpal (Founder & CEO), Mr. Jesse Singh, Dr. Vinod K Shah, Dr. Sudhir Seksaria, Dr. Harbhajan Ajrawat, Mr. Gurpreet Takhar, Dr. Gurdeep Chhabra, Dr. Rajendra Shetty, Mr. Rick Kennedy, Dr. Ken Nguyen.

Other members present: About forty-five of the initial membership of fifty-two local leaders who have committed to contributing in various forms were present during at least a part of the meeting.

Industry Partners present – Federation of Indian Chamber of Commerce and Industries (FICCI) and United States India Strategic Partnership Forum (USISPF).

Please submit funding applications to startup.applications@viksitamritsar.org