Tuesday, December 14, 2010

USA wants more from India

Source: Economic Times: USA going to smaller towns in India











Now US Commercial Services (USCS) would start focusing on smaller towns in India, due to their huge business potential. According to US Commercial consul for South India Aileen Nandi, it is not big places like New Delhi or Mumbai anymore,

India's exports to the US stand at USD 21 billion per annum while it imports USD 16 billion worth goods from the country, Nandi said, adding that the Indian market was growing at a faster pace. 

While textile sector and jewellery form majority of Indian goods headed to the US, aircraft components and medical equipment were most bought items from the America, she said. 

She said the US trade was now centered around metros like Delhi and Mumbai, but this would change in due course with the efforts taken by the USCS wherein focus would be given to other cities too. 

Overall, the potential for doing business with India was high, though as of now the country stood 13th among business partners of the US, she said. 
USA recognising the importance of increasing relations with India, as India is the second largest economy in Asia, and one of the fastest growing in the world.
It is sure that Indo-Us relations will flourish more in the near future as both of these countries knows they need mutual help  to develop respectively.

No comments:

Post a Comment