US to invest in Indian infra, defence and education sectors
Last Updated: Tuesday, September 27, 2011 - 18:09
New Delhi: US companies are looking at investing in sectors like energy, education, communications and infrastructure in India, thererby further deepening economic ties between the two countries.
"We are looking for markets (in India), partners so that we can have a win-win kind of relationship between India and US," an adviser to US Senator Jeanne Shaheen said here.
Chad Kreikemeier, who is leading a 13-member trade mission to India, said the two nations "have got to widen their range from energy, education, infrastructure to defence market".
The delegation comprises eight firms and educational institutions, including representatives from the Dartmouth College from New Hampshire.
"We sat down with senior officials from DRDO, Ministry of New and Renewable Energy and Ministry of HRD to hear their views on the ways to increase trade relations, seeking advice..." Kreikemeier, who is a trade and foreign policy adviser to Shaheen, said.
He was speaking at a business meeting organised by Indo-American Chamber of Commerce.
He said the US finds enough potential in India as it is an "absolute market" and would expand its infrastructure in next five years.
On increasing commodity specific exports from New Hampshire, he said India is the 28th largest market for goods -- ranging from hi-tech products, computers, circuits to education -- from the state.
The delegation is also wooing Indian students to study in New Hampshire universities, he said.
New Hampshire, located in north-eastern US, is home to many industries in sectors like electronic and medical products besides travel and tourism.
First Published: Tuesday, September 27, 2011 - 18:09