US delegation in B'lore for trade ties

US delegation in B'lore for trade ties

The delegation includes representatives from 11 large and medium sized American firms looking for trade ties with India.

In an interaction with the media on Wednesday, the Deputy Assistant Secretary in the Department of Commerce, Karen Zens, the delegation leader said that India was a “priority market” for the US.

Karen said that the focus was on small and medium industries. “The response in India has been positive but we are looking at long term goals in India. The deals will probably be worked out over the next three years,” she said.

She also revealed that a number of Senior Executives from top American aerospace firms will be visiting India in the coming months to “engage intensely” with Indian firms.

“India is already doing business with Europe and Israel in the aerospace sector and we believe that US is at the forefront of the industry and US entering the Indian market is only going to increase competition, which is healthy even for local competitors,” Karen said.
 Officials from the Department of Commerce said that the delegation interacted with representatives of the Indo-American Chamber of Commerce, manufacturers of precision parts and other Tier 1 and Tier 2 suppliers in Bangalore.