US Commerce Secretary leads business delegation to India for tie ups in multiple sectors

Our Bureau New Delhi | Updated on May 06, 2019

File photo of US Commerce Secretary Wilbur Ross   -  REUTERS

Around 100 corporates from sectors such as aviation, defence, energy, automotive to visit four Indian cities

Top US companies from diverse sectors such as aviation & defence, energy, healthcare, digital services, automotive, consumer goods and agribusiness will be in India this week offering ``fair and reciprocal’’ business opportunities to their counterparts in the country.

US Secretary for Commerce Wilbur Ross, who is leading the 100-member strong delegation of corporates to India as part of `Trade Winds Indo-Pacific Forum 2019’, will also meet Finance Minister Arun Jaitley and Commerce & Industry Minister Suresh Prabhu on Monday to discuss outstanding trade issues and future prospects, a government official said.

Trade Winds Indo-Pacific features a three-day business forum in New Delhi, India, with additional trade mission stops in Ahmedabad, Chennai, Kolkata, Mumbai, Bengaluru, Hyderabad, and Bangladesh.

At each mission stop, attending companies will meet directly with government leaders, market experts, and pre-vetted potential business partners, according to an official release of the US Embassy, New Delhi.

“Our goal at the US Department of Commerce is to use every available resource to ensure fair and reciprocal trade for US businesses selling their products and services all over the world,” said Ross. “Trade Winds is an important component of these efforts.”

The potential for growth in US-India trade is enormous given the size of our economies, said Kenneth Juster, US Ambassador to India. “Exports of US goods and services to India reached $58.9 billion in 2018. I look forward to hearing of future successes from the companies taking part in Trade Winds,” he said.

Published on May 06, 2019

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