The conference will be held ahead of the Global Entrepreneurship Summit (GES) to be held in Hyderabad
As the bilateral trade between the US and India is rising, both nations are trying to find out new ways to explore the possibilities of strengthening mutual cooperation and increasing benefits.
The US Consulate is organizing a two-day conference in Bengaluru to explore the potential of US-India trade. The conference Unlocking U.S.-India Trade Potential will be held on November 7 and 8.
The consulate has partnered with Atlantic Council of the United States and the Indo-American Chamber of Commerce (IACC) to hold the conference aimed at improving bilateral trade. Around 100 delegates will attend the meeting and discuss the ways to explore the economic partnership between the US and India, factors preventing further growth, and ways to solve the issues.
“While bilateral trade between the United States and India is five times what it was a decade ago, tremendous potential for growth remains. This conference will bring together representatives from U.S. and Indian businesses with trade experts, enabling conversation and collaboration among key stakeholders, thought leaders, and policymakers,” said the Indo-American Chamber of Commerce.
“The attendees will explore the economic partnership between the United States and India; factors that pose impediments to growth; and potential solutions,” it added.
Different thematic sessions will explore topics including ease of doing business, Indian infrastructure (smart cities, connectivity, and special economic zones), IT and services, and expanding defense cooperation and energy cooperation.
The conference will be held ahead of the Global Entrepreneurship Summit (GES) to be held in Hyderabad later this month. GES will be attended by delegates from both the countries and investors from across the world. The US delegation is led by President Donald Trump’s daughter Ivanka Trump.
“We are pleased that our bilateral trade has expanded again this year to more than $114 billion, and two-way investment to $40 billion,” US Consul General Robert Burgess said.
“We are also proud of the fact that the United States buys more Indian goods and services than any other country in the world. US companies continue to see great opportunities in India, and we support India’s efforts to open up to greater trade and investment to support US jobs,” he added.