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US eyes $1-trn India infra opportunities

business Updated: Mar 21, 2012 21:14 IST
HT Correspondent

US commerce secretary John Bryson is leading his first trade mission to India next week focusing on the New Delhi's $1-trillion (Rs 50 lakh crore) plans to spend on infrastructure over the next five years.

"I am looking forward to connecting American business leaders to new opportunities in India's rising infrastructure sector," Bryson said in a statement on Tuesday. "...And encouraging Indian businesses and individuals to invest in and visit the US."

This is Bryson's first trade mission, after taking office in late 2011 and taking over from Gary Locke, who had led a trade mission to India earlier.

Among the 16 companies represented on Bryson's mission are: GE; Autodesk; Black & Veatch Corporation; CH Robinson Worldwide; CH2MHill; EHDD; Innovari; Jacobs Engineering Group and LORD Corp.

The mission will be in India from March 25 to 30 and will be visiting New Delhi, Jaipur and Mumbai.

During the 5-day mission, Bryson will focus on building strong US-India commercial relations and maximising commercial potential of India's high-growth in next tier regions and urban centers as part of International Trade Administration's Growth in Emerging Metropolitan Sectors Initiative. The focus will also be encouraging Indian investment as a means of fostering economic growth and jobs in both the countries, said the commerce department statement.