FOR IMMEDIATE RELEASE
Sunday, March 25, 2012
CONTACT OFFICE OF PUBLIC AFFAIRS
Infrastructure trade mission begins in New Delhi Monday
U.S. Commerce Secretary John Bryson tomorrow begins a five-day trade mission to India, his first as Commerce Secretary. During the mission, Secretary Bryson will meet with senior level Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector and promote investment opportunities in America–both key priorities of the Obama administration. The mission begins in New Delhi Monday and runs through March 30, with additional stops in Jaipur and Mumbai.
Secretary Bryson will meet with government officials in New Delhi, focusing on opportunities for U.S. companies to partner with Indian firms on infrastructure projects. India is planning to invest $1 trillion in infrastructure development over the next five years, and U.S. companies are in a unique position to offer their skills and expertise in partnership with Indian firms.
On Monday, Secretary Bryson will deliver remarks at an infrastructure-focused event hosted by the Federation of Chambers of Commerce and Industry (FICCI). Following the event, Secretary Bryson will witness the signing of two U.S. Trade and Development Agency grants supporting U.S. business investments in India’s energy infrastructure development.
On Tuesday, Secretary Bryson and the delegation will continue meetings in New Delhi with senior Indian government officials. Later in the day, Bryson will deliver remarks at a roundtable luncheon sponsored by the Indo American Chamber of Commerce (IACC), to discuss infrastructure procurement and investment opportunities in Growth in Emerging Metropolitan Sectors (GEMS) cities, including those involved in the Delhi-Mumbai Industrial Corridor (DMIC) project.
Trade missions are a critical part of Commerce’s efforts to support the president’s National Export Initiative goal of doubling U.S. exports by the end of 2014 to create more good-paying jobs, and contributed to the success of thousands of companies exporting in 2011 for the first time. Earlier this month, on the two year anniversary of the creation of the NEI, the Commerce Department released new data showing that jobs supported by U.S. exports increased by 1.2 million between 2009 and 2011, and the value of U.S. exports exceed $2.1 trillion for the first time in U.S. history.
The mission also supports the president’s SelectUSA initiative, the first coordinated federal effort to promote and facilitate business investment in the U.S. from foreign and domestic companies, and will help build on federal efforts to put Americans back to work and strengthen the U.S. economy. India, one of the world’s fastest-growing economies, is a priority market under the SelectUSA initiative. In addition, the mission will promote a new national tourism strategy focused on creating American jobs by becoming even more welcoming to visitors from around the world. In 2011, the U.S. had a $2.2 billion surplus in travel and tourism from India, and total spending by Indians traveling to the U.S. was nearly $4.6 billion, up 15 percent from 2010.
For more information on Commerce’s efforts to support American businesses trade efforts, visit www.trade.gov. If you are a business and want to learn more about exporting, visit http://business.usa.gov/.
Additional details about the Secretary’s schedule in Jaipur and Mumbai will be announced in the coming days.