Commerce Secretary Bryson was in Mumbai today, the third and final city in his business development mission to India. In addition to exploring opportunities for the 16 U.S. businesses on the mission to promote their technologies and services in India’s rapidly expanding infrastructure sector, the visit focused on the president’s SelectUSA initiative.
In the morning, Secretary Bryson and the delegates toured a new terminal being constructed at Mumbai International Airport and met with airport management. Several U.S. companies have provided services and equipment to the airport, playing a major role in helping to modernize one of India’s busiest airports. One of the firms on the trip, CH2M Hill, has been providing Program Management services at the Mumbai International Airport since the project started in 2007. In their role, CH2M Hill optimised the master plan, prepared detailed elements for tendering and provided inputs for the selection of the contractor and various sub-contractors. They have also provided oversight to ensure that both the cost and schedule are effectively managed as the construction progresses. This has been accomplished by providing a mix of specialist aviation experts from the US and local trained resources.
Following the tour, Bryson met with Indian industry leaders and investors to talk about SelectUSA, the first coordinated effort by the U.S. government to attract new business investments to America. India, one of the world’s fastest-growing economies, is a priority market under the SelectUSA initiative. Bryson also delivered remarks at a luncheon hosted by the Confederation of Indian Industry (CII), where he talked about how the U.S.-India bilateral relationship is stronger than ever, and encouraged Indian investment in the U.S. as a means of fostering economic growth and job creation in both countries. In his remarks, he also highlighted the importance of this week’s renewal of the U.S.-India Commercial Dialogue, as well as moving forward in discussions to establish a Bilateral Investment Treaty, which would support greater stability and protections for investors in both countries. Following his remarks, the Secretary formally inaugurated the U.S-India Investors Forum (USIIF), a group of 35 Indian CEOs interested in investing in the United States.
the afternoon, Bryson held meetings with several industry leaders to
further discuss potential areas of partnership with U.S. firms. He also
met with Mumbai Commercial Service staff, who work to help U.S.
companies export to India or expand their market reach. U.S. Commercial
Service trade professionals work in more than 70 countries worldwide to
connect U.S. businesses looking to export with buyers overseas.
Tomorrow, Bryson will wrap up the trade mission with the inauguration of the Visit USA Committee India (VUSACOM), a group started with the support of the U.S. Commercial Service that aims to promote travel by Indian citizens to the U.S.