US assembles largest trade mission for India
23 Nov 2006
Mumbai: The US under secretary of commerce for international trade Frank Lavin is leading one of the largest business development missions to India to participate in the India Business Summit, beginning in Mumbai from November 28.
The mission has 238 business participants representing 186 US companies, according to a Commerce Department statement released yesterday.
The mission''s goal is to position US firms for long-term business success in India so US exports expand and create more American jobs.
Total US exports to India in 2005 stood at $7.9 (Rs35,226) billion, an increase of 30 per cent over 2004. Through September 2006, US exports have grown 24.3 per cent over the same period last year.
The US Commercial Service is arranging market briefings, networking receptions, and one-on-one business appointments with prospective agents, distributors, partners, and end-users for each US company.
The trade mission represents a diverse range of industry sectors, with the greatest participation from medical/healthcare companies, information technology companies, energy / power / oil and gas companies, and telecommunications companies.
There are participants from 35 US states with California, Texas, the District of Columbia, Virginia, New Jersey, New York and Pennsylvania having the largest number of participants.
