U.S. Commerce Secretary John Bryson met with India’s Ambassador to the United States Nirupama Rao to discuss U.S.-India relations and Secretary Bryson’s upcoming trade mission to India in March.
This was the first meeting between Secretary Bryson and Ambassador Rao, who assumed her current responsibilities in September 2011. Secretary Bryson and Ambassador Rao also discussed the Department of Commerce’s extensive partnerships with the Government of India through the Bureau of Industry and Security, the International Trade Administration, the National Institute of Standards and Technology, and the National Oceanic and Atmospheric Administration.
Bryson plans to lead a delegation of up to 25 U.S. senior executives on an infrastructure trade mission to New Delhi, Jaipur, and Mumbai in March, which will focus on project management and engineering services, transportation, and energy. India is seeking to invest $1 trillion in its infrastructure over the next five years and is looking for private sector participation to fund half of this expansion through the Public-Private Partnership (PPP) model. The United States Trade and Development Agency (USTDA), the Export-Import Bank of the United States (Ex-Im), and the Overseas Private Investment Corporation (OPIC) have been invited to join the mission.
U.S. exports to India through November 2011 totaled $19.7 billion, an increase of 11.5 percent year to date from 2010. India ranks as the United States’ 17th largest export market.