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Minister Sharma Unveils Next Phase of U.S.-India Partnership to USIBC

"Just as our strategic partnership has matured and grown, Indo-U.S. trade and investment has increased dramatically over the past 20 years," Sharma noted. "We now seek collaboration focused on investment in India's manufacturing sector and the build-out of the country's infrastructure, shaping the country into a world-class manufacturing hub," he added.

Underscoring the many opportunities for mutual and inclusive growth, USIBC President Ron Somers noted, "The next phase of the trade and investment relationship will feature the innovations of the Small and Medium Enterprise sectors in India and the U.S., where fresh ideas and technologies will spur economic growth in both countries. These companies will become more integrated into the global supply chain in the years to come and infuse new capital and energy into the U.S.-India partnership."

Somers also added, "Further opening of India's retail sector will modernize India's farm-to-market supply chain. Such productivity will become India's Second Green Revolution."

The U.S.-India Business Council (USIBC), formed in 1975 under the aegis of the U.S. Chamber of Commerce, is the premier business advocacy organization representing over 340 of the largest U.S. companies investing in India, joined by global Indian companies, whose mandate is to deepen U.S.-India commercial ties.

www.usibc.com

U.S.-India Business Council (USIBC)
Anku Nath, 1-202-463-5528
anath@uschamber.com