The US has finally got hooked to the development potential of India's infrastructure and is looking at a big slice of its huge business potential. Corporate America has also appointed a whole-time executive to garner business in India.
Working in the capacity of executive vice president, Diane G Farrell will advise US business on the emerging opportunities in business advocacy and membership service in the lucrative sectors like financial services, real estate and infrastructure development, the US-India Business Council (USIBC) said in a release.
Farrell, who recently completed her term as director on the board of the US Exim, had tirelessly strived to promote India as a primary market for US goods and services, the USIBC release said.
The US Exim's India portfolio is the second biggest after Mexico's in terms of exposure.
"We are delighted to have the benefit of Ms Farrell's experience and insight as we strengthen the United States' economic relationship with India," Harold McGraw III, chairman, president and CEO of The McGraw Hill Companies and chairman of the US-India Business Council, said.
"Her rich background in infrastructure, financial services and real estate will serve our members and our country well," he said.