For Immediate Release: November 18, 2011
Contact: Cory Churches (202) 482-3809
Assistant Secretary Lamb-Hale Promotes U.S.-India Civil Aviation Cooperation
Indian Market Provides Exciting Opportunities for American Aerospace Industry
NEW DELHI – Assistant Secretary of Commerce for Manufacturing and Services Nicole Y. Lamb-Hale took part in the 2011 U.S.-India Aviation Summit in New Delhi, India as part of an ongoing effort to forge close relationships between the American aerospace industry and foreign markets. The three-day summit attracted more than two hundred U.S. and Indian senior government and industry representatives, who came together in anticipation of the enormous growth of the aviation sector in India over the coming years.
“The President’s trip to India last year opened a new era in aviation and commercial cooperation between the U.S. and India,” said Lamb-Hale. “India’s aerospace market is a priority for the President’s National Export Initiative and the International Trade Administration, which helps to match U.S. companies with needs in international markets. This is an incredible business opportunity for both large and small firms in the U.S. aerospace industry, which will support manufacturing jobs at home while expanding business abroad.”
The Indian government expects there to be an investment of approximately $80 billion in new aircraft through 2020. The Indian government anticipates an investment of $30 billion for airport development, which would make India the 3rd largest civil aviation market in the world by 2020. U.S. aerospace exports to India are also growing rapidly: between 2000 and 2009, total Indian imports of aerospace products grew at a compound annual growth rate of 46 percent.
The International Trade Administration has a strong history of cooperation with India on civil aviation through its participation in the Civil Aviation Subcommittee of the U.S.-India High-Technology Cooperation Group and the Airport Infrastructure Working Group.
During the Summit, Lamb-Hale announced an agreement with the Indian Ministry of Civil Aviation on facilitating U.S. participation in the development of three target airports, Puducherry, Tuticorin and Jharsuguda. These projects represent special opportunities for U.S. business.
“I am especially pleased to announce this list of target airports, which will be the focus of our joint efforts to promote U.S. business participation in the development of India’s civil aviation infrastructure,” Lamb-Hale said. “We will work with the Indian government to create an action plan to develop these airports in advance of India Aviation 2012, India’s largest civil aviation event.”
The Summit was organized under the U.S.-India Aviation Cooperation Program, a bilateral public-private partnership that is jointly supported by the Commerce Department, the U.S. Trade and Development Agency, the Federal Aviation Administration, together with U.S. aviation companies.
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