FOR IMMEDIATE RELEASE
Thursday, July 24, 2014
News Media Contact:
Office of Public Affairs, 202-482-4883
U.S. Secretary of Commerce Penny Pritzker will join Secretary of State John Kerry for the U.S.-India Strategic Dialogue in New Delhi on July 31. Secretary Pritzker will lead discussions aimed at helping strengthen economic ties between the U.S. and India through collaboration in several key sectors. Their trip will mark the first U.S. Cabinet-level visit to New Delhi since the new Indian government was elected.
“There are tremendous opportunities for collaboration between the U.S. and India, the two largest democracies in the world,” said Secretary Pritzker. “The Strategic Dialogue will play a key role in advancing the vital commercial relationship between our two countries. As the new Indian government defines its policy agenda to focus on economic growth and job creation, we look forward to identifying opportunities for U.S. companies to engage in the market and create increased prosperity in both of our nations.”
Prior to the Strategic Dialogue, Secretary Pritzker will visit Mumbai for meetings with Indian business leaders.
The United States enjoys a robust trade and investment relationship with India. Two-way trade between the U.S. and India has grown five-fold since 2000, and reached about $96 billion in 2013. U.S. companies have made investments in India totaling $28 billion, and Indian foreign direct investment in the U.S. stands at $9 billion.
The U.S. Commerce Department’s Commercial Service has its largest overseas footprint in India, with staff operating out of seven cities to help U.S. businesses navigate the local markets and facilitate the exports of U.S. goods and services.