US firms praise Gujarat's business-friendly approach

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Bangalore, Jul 14: Several business firms on the eastern coast of the USA have expressed satisfaction with Gujarat's business-friendly approach and are eager to invest in the state.

The US business community supported Gujarat's conducive milieu for economic development at two recent programmes held in New York and Washington, which were hosted by the US India Business Council (USIBC) to meet a high-profile 17-member delegation from Gujarat. USIBC is the official partner body to the Vibrant Gujarat 2013 Summit.

The delegation, which was led by DJ Pandian, Gujarat's principal secretary, energy & petrochemicals, mainly focussed on strengthening the state's ties with Gujarat in sectors like energy, finance, pharmaceuticals and education. The delegates also participated in a special round table conference at the US Chamber of Commerce on LNG issues besides meeting representatives of the World Bank and International Finance Corporation.

USIBC senior director and executive vice-president Diane Farrell said their companies were looking forward to utilise the investment opportunities offered by Gujarat. "We look forward to the Vibrant Gujarat 2013," she said. The event is scheduled to take place in Gandhinagar from Jan 11-13.

The delegates also met officials from the Centre for International Partnership Institute of International Education and high-level meetings were held on scopes of investment and bilateral trade partnerships in energy and education sectors. The team from Gujarat also made presentations before several companies at a round-table luncheon.

At the USIBC's session on 'Opportunities to invest in Gujarat', Pandian said, Gujarat was committed to robust economic growth and encouraged foreign investors from the US. He said Gujarat was looking forward to collaboration with American companies in sectors like energy, research and development, rural development, urban infrastructure, education, which would strengthen the economy and improve people's lives.

OneIndia News

(With agency inputs)

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