Anil Ambani wants more mid-size US firms in India

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, on Thursday discussed with US commerce secretary Gary Locke the value of having more medium-sized US companies doing business in India.

At what was described to the media as "a productive meeting" in Washington, Ambani, the head of one of the largest conglomerates in India, and Locke also discussed the importance of US Export-Import Bank financing.

Locke spoke about the momentum given to the US-India economic relationship after US president Barack Obama's visit to India last November, and both expressed a desire to work together to accelerate the development of the bilateral relationship.

Ambani will participate in a panel discussion on "The shifting Global economy and implications for trade" at the US Exim Bank annual conference in Washington on Friday.

Besides Ambani, the panel features a leading business journalist and an international economist to consider the intersection of US economic policies, emerging world markets, and the strategies for American companies doing business abroad.

Ex-Im Bank's annual conference is one of America's premier venues for discussing US trade policy and developing strategies to expand the role exports play in the US economy.

This year's event, "Government at the speed of business," features plenary sessions and workshops focused on small business exporters, market and industry opportunities, and the Obama administration's national export initiative.