For Immediate Release: November 23, 2009
Contact: Mary Trupo (202) 482-3809
COMMERCE HIGHLIGHTS INDIA POTENTIAL FOR EXPORT SUCCESS
WASHINGTON – With India Prime Minister Manmohan Singh set to meet with President Obama on November 24, the International Trade Administration (ITA) has been heavily promoting India as a potential destination for U.S. manufactured goods and services.
Commerce’s Deputy Chief of Staff Rick Wade led 15 U.S. companies that manufacture energy efficient products and technologies to New Delhi, Chennai, and Mumbai, November 16-20. The clean technology sector of India’s economy is expected to grow more than 20 percent as new industry targets regulating energy usage have driven India toward energy efficiency.
“In the quest for all of us to be more efficient, there is a unique opportunity for U.S.-India cooperation. India’s National Action Plan on Climate Change due out next spring will reach scores of industries,” Wade said. “Indian and American firms that can marry American technology with India’s clean energy goals have a promising future.”
Eleven U.S. aerospace companies travelled with ITA’s Deputy Assistant Secretary for International Operations Karen Zens to New Delhi, Bangalore, and Hyderabad, November 9-13. The aerospace sector in India ranks among the world’s most dynamic, with airlines in India expected to procure more than $35 billion in equipment during the next five years.
Both trade missions were geared to introduce U.S. companies to key industry and government officials, potential strategic business partners and end-users for their products and services. The visits should help U.S. companies enter and expand their sales in the Indian market. In 2008, India ranked as the 17th largest U.S. export market, with exports totaling $17.7 billion.
“The Indian market holds promise for many U.S. manufacturers, and these trade missions are one of many steps the International Trade Administration is taking to foster and strengthen the relationships between U.S. companies and potential partners in India,” said acting Under Secretary for International Trade Michelle O’Neill.
The outreach continues in 2010 with planned trade missions highlighting opportunities in solar energy, and medical products and services.
For additional information regarding trade mission opportunities, please visit www.buyusa.gov/india.
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