U.S. Commerce Secretary Plans Trade Mission to India
Washington - U.S. Commerce Secretary John Bryson will be joined by representatives of 16 U.S. companies on a business development mission to India, his first as commerce secretary.
Bryson will meet with senior Indian government officials to advocate for U.S. support of India's rapidly expanding infrastructure sector and to promote investment opportunities in America. The mission will take place March 25-30 with stops in New Delhi, Jaipur and Mumbai, the Commerce Department said in a press release.
"This mission builds on President Obama's historic visit to India two years ago, when he said before the Indian Parliament that the U.S.-India relationship will be one of the defining partnerships of the 21st century. I couldn't agree more," Bryson said. "I am looking forward to connecting American business leaders to new opportunities in India's rising infrastructure sector, and encouraging Indian businesses and individuals to invest in and visit the United States."
India is expected to spend over $1 trillion on infrastructure development over the next five years, and a growing consuming class could lead to increased demand for a range of consumer goods and services, the Commerce Department said.
Bryson will focus on building stronger U.S.-India commercial relations; maximizing the commercial potential of India's high-growth regions and urban centers; and encouraging Indian investment as a means of fostering economic growth and jobs in both countries.
India is the United States' 13th largest trading partner and its 17th largest merchandise export market.
(Distributed by the Bureau of International Information Programs, U.S. Department of State.)
No comments:
Post a Comment