U.S. Commerce Secretary Gary Locke delivered the keynote address today at the Confederation of Indian Industry (CII) luncheon in New Delhi, where he discussed increasing the kind of mutually beneficial trade that provides win-win opportunities for both countries.
Locke added that seizing the full potential of our cooperation will require India to take further steps to open its economy, including: reducing a variety of tariff and non-tariff barriers; lifting restrictions on foreign direct investment; and improving the protection on intellectual property.
CII works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.
Secretary Locke is in New Delhi as the first stop of a high-technology trade mission he is leading to promote exports of leading U.S. technologies and services related to civil nuclear energy, civil aviation, defense and homeland security, and information and communications technology. The mission will continue through February 11, and also make stops in Mumbai and Bangalore.
Visit the Commerce Department’s India trade mission website at http://trade.gov/indiamission2011/index.asp for updates on the trade mission.