Locke to lead high powered trade delegation to India

Posted By: Pti
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Lalit K Jha

Washington, Jan 14 (PTI) US Secretary of Commerce GaryLocke will lead a high-powered trade delegation to India nextmonth that would include top 24 American companies like GE,Boeing and Lockheed Martin at a mission that would focus onexport opportunities for America.

"Exports are leading the US economic recovery,spurring future economic growth and creating jobs in America,"he said in a statement.

"The business leaders joining me on this mission seethe great potential to sell their goods and services to India,helping drive innovation and create jobs in both countries,"Locke said announcing the details of the February 6-11 missionto India.

The delegation, which also includes senior officialsfrom the Export-Import Bank (EX-IM) and the Trade DevelopmentAgency (TDA), will make stops in New Delhi, Mumbai andBangalore.

During the visit, Locke will highlight exportopportunities for US businesses in the advanced industrialsectors, of civil-nuclear trade, defense and security, civilaviation, and information and communication technologies.

Locke accompanied President Obama to India inNovember, where they witnessed more than USD 10 billion inbusiness deals between US companies and Indian private sectorand government entities, supporting 50,000 American jobs.

The India business development mission will help buildon the exporting success US companies had 2010 � up 17 percent compared to the same period in 2009, the CommerceDepartment said.

It will be Locke''s second trade mission as CommerceSecretary; in May, he led a clean energy business developmentmission to China and Indonesia.

The Commerce Department said exports represent acritical part of the economy and are a key component of theObama administration''s efforts to spur new job creation.

A year ago, President Obama outlined his NationalExport Initiative (NEI), which seeks to double exports by2015, in support of several million new US jobs.

"The NEI enhances the US government''s trade promotionefforts, increases credit to businesses � especially small-and medium-sized businesses � looking to export, and continuesto improve efforts to remove trade barriers for US companiesin foreign markets," it said.

The delegation includes ABSi Corporation, ExelonNuclear Partners, GE Hitachi Nuclear Energy, Intuit Inc, KentDisplays, Lockheed Martin Corporation and Boeing, among otherleading corporates.

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