Chennai: The United States seeks to build a
long-term strategic partnership with India that recognises and
addresses potential, both in human terms as well as economic
terms, a top diplomat said here today.
"The one billion plus population in India presents diverse
opportunities for US exporters with the right products,
services and commitment," Bryan Dalton, Acting Consul General,
U.S. Consulate General said.
Speaking as chief guest at a seminar on "Engineering
Services Offshoring - Opportunities and Challenges," organised
by the Indo-American Chamber of Commerce, Dalton pointed out
that the Indo-US relationship is in the midst of a remarkable
transformation.
During 2009,Indian exports to the United States were worth
US Dollars 21.15 billion and US exports to India totalled US
Dollar 18.56 billion, he said adding "this is an increase of
more than double over our US Dollar 18.6 billion bilateral
trade figure in 2003 and reflects the burgeoning relationship
between the people of the United States and India."
He further added that US Congressman Jim McDermott recently
unveiled an India-US World Affairs Institute report, showing
that Indian investment in the US grew by around 60 per cent in
2009, to over US Dollars 7 billion.
Since 2004, Indian acquisitions in the U.S. have supported
approximately 40,000 US jobs, according to that report, while
manufacturing exports to India are linked to another 96,000 US
jobs, he said.
-PTI
First Published: Thursday, July 29, 2010, 00:44