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Business baron Anil Ambani met the US Commerce Secretary Gary Locke on Thursday, during which they discussed the new momentum in economic relationship of the two countries following the November visit of President Barack Obama to India.
Mr Locke and Mr Ambani expressed their desire to work together to accelerate the development of the bilateral relationship, informed sources told the Press Trust of India.
They had a productive meeting on the value of having more US medium-sized companies do business in India and the importance of US Export-Import Bank financing, an official said.
The United States is eagerly looking to have more medium-sized companies establish their foothold in India through joint ventures.
It is believed that during the meeting, Mr Locke spoke of the momentum of the US-India economic relationship in the wake of Mr Obama’s historic visit to India last November. Both expressed desire to work together to accelerate the development of the bilateral relationship, the sources said.
On Friday, Mr Ambani will participate in a panel discussion on ‘The Shifting Global Economy and Implications for Trade’, which is being held during the two-day conference annual conference of the US Export-Import (Ex-Im) Bank, which kicked off on Thursday.
The panel discussion will be moderated by news channel PBS’s Senior Correspondent Mr Judy Woodruff.
Other participants in the panel discussion are the Bloomberg News Chief Washington Correspondent, Mr Peter Cook, and the Peterson Institute for International Economics Senior Fellow, Mr Arvind Subramanian.
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