New Mexico delegation from US finds India visit an 'eye-opener'
Apr 4, 2007 - 8:28:17 AM
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USIBA's earlier trade delegation from Alabama in February had also met with similar success with leading business executives building several alliances during their stay in India.
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By Arun Kumar, IANS,
[RxPG] Washington, April 4- A US trade delegation from New Mexico state, back after 'an eye-opener' visit to India, is eager to forge multi-sector business alliances in India.
The New Mexico trade delegation, which was in India March 20-31, was part of a series of trade delegations facilitated by Washington-based US-India Business Alliance - for multi-sector dialogue between businesses in the US and Indian states.
As the Indian economy continues its torrid pace with an almost double-digit rate of growth, various states in the US are interested in participating in this phenomenal success, a joint business lobby committed to strengthening commercial, economic and financial ties between India and the US said.
USIBA chairman Sanjay Puri said, 'The New Mexico delegation is part of USIBA's commitment to improving America's trade relations with India. We believe that while the Bush administration and Congress have encouraged ties with India, it is up to individual states and businesses to take the vision forward.'
'As India becomes a key strategic partner to the US, increased trade will contribute heavily towards making the alliance even stronger,' he said.
The New Mexico delegation had specific interests in sectors such as aerospace, bio-technology, food processing, manufacturing, renewable energy, nano-technology, hydrogen fuel technology and film.
The mission, led by New Mexico's International Trade Coordinator, made visits to New Delhi, Mumbai, Chennai, Bangalore and Agra. It included leading executives from New Mexico representing various sectors such as IT infrastructure, software services, aviation, health care and government services.
Executives from the IT infrastructure and software services sector met with leading Indian corporations such as Tata Consultancy Services, HCL, CMC and Solar, a business processing outsourcing company.
Aviation sector leaders had meetings with the Airports Authority of India, the Directorate General of Civil Aviation and Hindustan Aeronautics Limited. 'With the aviation sector booming, I see a lot of synergies between our business and the major privatization drive in India,' one executive said.
USIBA's earlier trade delegation from Alabama in February had also met with similar success with leading business executives building several alliances during their stay in India.
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