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Blog Category: Green Energy

Stepping Up Trade Between the U.S. and India Will Mean More Jobs in America and a Better Quality of Life for People in India

Secretary Locke is signing the Energy Cooperation Program MOU with Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia. The ECP is a partnership that brings together U.S. and Indian companies and both two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

[Upon return from Asia, Secretary Locke wrote this blog post about the importance of the upcoming trade mission to India in February.]

President Obama and members of his Cabinet, including myself, have completed a trip to India to take the relationship between our two countries to a new level. We were there because we see real opportunities -- both for American workers and businesses and the people of India. U.S. firms can work with Indian companies to help meet the ambitious economic and social goals laid out by its government. And we can do that by increasing trade between our nations, selling more of America’s world-class goods and services to businesses and consumers in India.

Two-way trade between our nations last year was $38 billion, and exports to India have quadrupled in the last seven years. I expect this upward trend to continue. But we have to do more to connect U.S. companies with Indian consumers and partner firms. To that end, President Obama and I announced a high-tech trade mission to India in early February, making stops in Mumbai, New Delhi and Bangalore. Companies interested in participating can visit www.trade.gov/IndiaMission2011 for more information.

As Secretary Chu noted during his trip to India last year, due to the increasing demand for energy by India’s emerging middle class, India could become a major export destination for solar panels and wind turbine components manufactured in the United States. That’s why I’m proud we announced the launch of the Energy Cooperation Program. This partnership brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

Stepping up trade and collaboration between the U.S. and India will mean more jobs in America and a better quality of life for people throughout this fast-growing democracy at the heart of the Obama administration’s renewed engagement in Asia.

Secretary Locke speaks to the Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce in New Delhi

Delivering remarks at a business innovation-focused event hosted by the Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce in New Delhi today, Commerce Secretary Gary Locke discussed the economic opportunities that would result from a closer relationship between the U.S. and India, and underscored the importance of mutually beneficial, job-creating trade between the two nations.

Locke also announced the launch of a U.S.-India Energy Cooperation Program, a partnership that brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India. He gave particular thanks to the U.S. Trade Development Agency and its director, Lee Zak, for making the program a reality and for providing the support necessary to get the first two projects off the ground.

On Saturday at the U.S.-India Business and Entrepreneurship Summit in Mumbai, 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.

Remarks

Secretary Locke Briefs Washington Foreign Press Center on Upcoming Trade Mission to China and Indonesia

Commerce sealU.S. Commerce Secretary Gary Locke led a briefing at the Washington Foreign Press Center on the Obama administration’s first Cabinet-level trade mission to China and Indonesia next week. The clean energy business development missions will promote exports of leading U.S. technologies related to clean energy, energy efficiency and electric energy storage, transmission and distribution. In his remarks, Locke said, “Here at home, every American should know that when a U.S. clean energy company finds success abroad, it creates more jobs in the United States." (Remarks)