U.S. Commerce Secretary John Bryson will lead a trade mission of 16 companies to India on March 25-30, making stops New Delhi, Jaipur and Mumbai.
During the mission, Bryson will meet with senior Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector, and promote investment opportunities in America – both priorities of the Obama administration.
The companies attending the mission include Autodesk, San Rafael, Calif.; Black & Veatch Corp., Overland Park, Kan.; C.H. Robinson Worldwide, Eden Prairie, Minn.; CH2MHill, Denver; EHDD, San Francisco; GE, Fairfield, Conn.; Innovari, Austin, Texas; Jacobs Engineering Group, Pasadena, Calif.; LORD Corp., Cary, N.C.; Mazzetti Nash Lipsey Burch, San Francisco; MeadWestvaco Corp., Richmond, Va.; OSISoft, San Leandro, Calif.; PwC, New York; Syneren Technologies Corp., Lanham, Md.; Target Engineering Group, Miami; and URS Corp., San Francisco.
India is expected to spend over $1 trillion on infrastructure development over the next five years, and a growing consuming class could lead to increased demand for a range of consumer goods and services.
According to the Commerce Department, India is the United States’ 17th-largest merchandise export market. From 2002 to 2010, U.S. services exports to India more than tripled, increasing from $3.2 billion in 2002 to $10.3 billion in 2010. Between 2002 and 2011 U.S. goods exports to India more than quintupled, growing from $4.1 billion in 2002 to more than $21.6 billion in 2011. India is a priority country under the president’s SelectUSA initiative. In 2010, the total stock of investment directly from India in the United States was $3.3 billion, but when Indian investment that transferred through other countries is included, the total stock jumps to $7.1 billion.