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Blog Category: India trade mission

Secretary Locke Delivers Keynote Address on U.S.-India Commercial Relations in New Delhi

U.S. Commerce Secretary Gary Locke delivered the keynote address today at the Confederation of Indian Industry (CII) luncheon in New Delhi, where he discussed increasing the kind of mutually beneficial trade that provides win-win opportunities for both countries.   

Locke added that seizing the full potential of our cooperation will require India to take further steps to open its economy, including: reducing a variety of tariff and non-tariff barriers; lifting restrictions on foreign direct investment; and improving the protection on intellectual property.

CII works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.

Secretary Locke is in New Delhi as the first stop of a high-technology trade mission he is leading to promote exports of leading U.S. technologies and services related to civil nuclear energy, civil aviation, defense and homeland security, and information and communications technology. The mission will continue through February 11, and also make stops in Mumbai and Bangalore. 

Visit the Commerce Department’s India trade mission website at http://trade.gov/indiamission2011/index.asp for updates on the trade mission.

Press release

High-Technology Trade Mission To India with Secretary Locke and 24 U.S. Companies Kicks Off

Today, Secretary Locke kicked off a high-technology trade mission in New Delhi to promote exports of leading U.S. technologies and services related to civil nuclear energy, civil aviation, defense and homeland security, and information and communications technology. The mission will continue through February 11, and also make stops in Bangalore and Mumbai. 

His first stop was at a neighborhood grocery store in New Delhi that is using technology developed by a U.S. company to market its products, manage its customers and organize its business operations.  Intuit, based in Mountain View, Calif., created “GoConnect,” a new innovative mobile and web-based marketing service that is helping Indian micro and small businesses grow and improve the way they communicate with their customers. Intuit’s new application was first announced during the President Obama’s visit to India.

"Intuit's GoConnect technology is a prime example of the kind of mutually beneficial trade that creates jobs in both countries, creating opportunities from the Intuit offices in Northern California to a neighborhood grocery store in the streets of New Delhi," said Secretary Locke. "We look forward to finding more commercial opportunities like these during this trade mission."

GoConnect was developed in both India and the U.S. The data is hosted in Intuit's data center in Quincy, Washington. 

Secretary Locke Arrives in India for High-Tech Trade Mission

Secretary Locke and Montek Singh Ahluwalia

Earlier today, Secretary Locke landed in India at the start of a high-tech trade mission. He wrote an opinion editorial for The Times of India explaining the importance of trade to the economic growth of India and the United States.

When President Barack Obama spoke before the Indian Parliament last November, he said: "The relationship between the United States and India - bound by our shared interests and values - will be one of the defining partnerships of the 21st century."

During the president's visit, there was action backing up those words, including $10 billion in job-creating deals between American and Indian businesses and the Indian government; President Obama expressing support for India gaining a permanent seat on the UN Security Council; and an announcement of significant reforms to US export control policies - opening the door for increased high-technology trade and cooperation between India and the US.

This week, I am travelling to New Delhi, Mumbai and Bangalore to help 24 US companies walk through that door. These companies - more than half of which are small- and medium-sized businesses - are leaders in the civil nuclear, defence and security, civil aviation, and information and communications technology sectors. They are eager to find Indian business partners and to help India continue its remarkable transformation.

Read the rest of "Opening the Door to India" and find out more about the high-tech trade mission.

Department of Commerce Takes Steps to Implement Export Control Initiatives to Facilitate High-Tech Trade with India

Today Commerce’s Bureau of Industry and Security published a Federal Register Notice which updates the Export Administration Regulations (EAR) in several ways, including:

  • Removing several Indian space- and defense-related companies from the Entity List.  Removal from the Entity List eliminates a license requirement specific to the companies, and results in the removed companies being treated the same way as any other destination in India for export licensing purposes.
  • Removing India from several country groups in the EAR resulting in the removal of export license requirements that were tied to India’s placement in those country groups.
  • Adding India to a country group in the EAR that consists of members of the Missile Technology Control Regime, to recognize and communicate India's adherence to the regime, the U.S.-India strategic partnership, and India's global non-proliferation standing.  .

These are the first steps in implementing the export control policy initiatives announced by President Obama and Indian Prime Minister Singh on November 8, 2010.

“Today’s action marks a significant milestone in reinforcing the U.S.-India strategic partnership and moving forward with export control reforms that will facilitate high technology trade and cooperation,” said Commerce Secretary Gary Locke. He is preparing to lead 24 U.S. businesses on a high-tech trade mission to India in early February.  |  Release

Secretary Locke to Lead 24 U.S. Businesses on High-Tech Trade Mission to India

Twenty-four U.S. businesses will join Commerce Secretary Gary Locke for a business development mission to India on February 6-11.  The businesses joining the trade mission are based in 13 states across the country and more than half of them are small- and medium-sized companies.

The delegation, which also includes senior officials from the Export-Import Bank (EX-IM) and the Trade Development Agency (TDA), will make stops in New Delhi, Mumbai and Bangalore, where Locke will highlight export opportunities for U.S. businesses in the advanced industrial sectors, of civil-nuclear trade, defense and security, civil aviation, and information and communication technologies. Locke accompanied President Obama to India in November, where they witnessed more than $10 billion in business deals between U.S. companies and Indian private sector and government entities, supporting 50,000 American jobs.

“Exports are leading the U.S. economic recovery, spurring future economic growth and creating jobs in America,” Locke said. “The business leaders joining me on this mission see the great potential to sell their goods and services to India, helping drive innovation and create jobs in both countries.”

The India business development mission will help build on the exporting success U.S. companies had 2010 – up 17 percent compared to the same period in 2009. It will be Locke’s second trade mission as Commerce Secretary; in May, he led a clean energy business development mission to China and Indonesia.