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Secretary Locke Speaks at U.S.-India Business and Entrepreneurship Summit, Announces Forthcoming Trade Mission to India

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Delivering remarks at the U.S.-India Business and Entrepreneurship Summit in Mumbai today, Commerce Secretary Gary Locke discussed ways the U.S. and India can work together to promote trade that creates opportunity and jobs in both nations.

Locke remarked on the potential for a bilateral clean energy partnership, as well as the opportunities for American companies to help meet India’s healthcare and infrastructure needs.

At the Summit, Locke announced he will lead a high-tech trade mission to India. The February 6-11, 2011 business development mission will promote the export of high-technology products from leading U.S. firms and make stops in New Delhi, Mumbai, and Bangalore. The second trade mission led by Locke, it will highlight export opportunities for U.S. businesses in a broad range of advanced industrial sectors, including civil-nuclear trade, defense and security, civil aviation and information and communication.

Exports represent a critical part of the economy and are a key component of the Obama administration’s efforts to spur new job creation. Earlier this year, President Obama outlined his National Export Initiative (NEI), which seeks to double exports by 2015, in support of several million new U.S. jobs. The NEI enhances the U.S. government’s trade promotion efforts, increases available credit for businesses – especially small and medium-sized businesses – looking to export and continues to improve efforts to remove trade barriers for U.S. companies in foreign markets. Remarks

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