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ADAG for more US biz in India

Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani on Thursday met US commerce secretary Gary Locke and discussed the value of having more US medium-sized firms do business in India.

business Updated: Apr 01, 2011 22:08 IST

Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani on Thursday met US commerce secretary Gary Locke and discussed the value of having more US medium-sized firms do business in India.

At what sources described as “a productive meeting” , Ambani and and Locke also discussed the importance of US Export-Import Bank financing.

Locke spoke on the momentum of the US-India economic relationship coming off of US President Barack Obama’s visit to India last November and both expressed a desire to work together to accelerate the development of the bilateral relationship.

The US is looking to have more medium-sized companies establish their foothold in India through joint ventures.

Ambani is scheduled to participate in a panel discussion on “the shifting global economy and implications for trade” at the US Exim Bank annual conference on Friday.

The panel discussion will be moderated by news channel PBS’s senior correspondent, Judy Woodruff. Other participants in the panel discussion are Bloomberg news chief Washington correspondent Peter Cook and Peterson Institute for International Economics senior fellow Arvind Subramanian.

Ex-Im Bank’s annual conference is one of US’ premier venues for discussing US trade policy to expand the role exports play in the US economy.

This year’s event, “government at the speed of business,” features plenary sessions and workshops focused on small business exporters, market and industry opportunities, and the Obama administration’s national export initiative.

PTI & IANS