India ‘priority country’ at US investors’ summit: Consul

Millenium Post | No Half-Truths

12 February 2015, Ahmedabad, Agencies

Source: http://www.millenniumpost.in/NewsContent.aspx?NID=95094

Camille Richardson, commercial consul at the US consulate in Mumbai, today said India was priority country for the ‘Select USA Investment Summit’, to be held in Washington in March.

“This year, 2,600 delegates from around 70 countries will take part, while India is priority country of those 70 countries and Gujarat the priority state,” said Richardson, speaking to reporters here.

Richardson and vice president of US-India Investors Forum’ (USIIF) Manoj Gurusahai were in Ahmedabad to address a seminar at Gujarat Chamber of Commerce and Industries.

They briefed GCCI office-bearers about the summit, to be held on March 23 and 24 in Washington.

When asked why India was chosen as priority country, Richardson said US President Barack Obama had put stress on enhancing the annual bilateral trade to USD 500 billion from the current USD 100 billion. “At present, Indian investment in USA is about USD 11 billion, which provides employment to around 44,000 Americans.

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