Cincinnati delegation in K'taka capital to woo investors

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Bangalore, Oct 24 (UNI) After successfully attracting Indian IT major TCS to invest 20 million US Dollar, a high level delegation of Cincinnati, USA Regional Chamber is currently touring India to woo investors to put money in their State.

Chamber Vice President Doug Moormann, talking to newsmen here, said this is for the first time a delegation from Cincinnati was visiting India with main objective of inviting Indian IT, Automobile, Pharmaceutical and other companies to invest in the State.

''India is a strong emerging market with a growing number of businesses interested in and capable of creating a presence and making investments in the United States.

''A highly skilled talent pool, years of experience in supporting large and complex manufacturing,close proximity to half the US population and a strong transport and logistics infrastructure, make Cincinnati an apt fit for Indian companies looking to establish or expand their footprint in North America,''he said.

Replying to a question, he said it was right time for investment and the US economy, looking downward at present, would bounce back any time from now.

He said over two billion USD worth investments from India was coming to the US annually with Cincinnati keenly scouting for investments from the Indian corporate sector in the fields of IT, Auto, Chemicals, Biotech and Life Sciences amongst others.

Chamber's Senior Director (Economic Development) Neil Hensley, terming investment partnerships as a win-win situation, said ''investing in Cincinnati helps lower the risk associated with entering US markets, the region being a very cost-effective destination.'' The delegation would also visit Mumbai and New Delhi before winding up their tour.

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