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IACC-WIC supported the “Golden Maharashtra: Manufacturing Magnet” Summit 2012 held on March
02, 2012 at the Taj Mahal Palace Hotel.
Dr. L. S. Kanodia, Regional President, IACC-WIC shaking hands with Mr. Prithviraj Chavan, Chief Minister of
Maharashtra, at the Summit
Luncheon meeting with US Commerce Secretary John Bryson and the Infrastructure Business
Development Mission to India on March 30, 2012 at The Grand Ballroom, Taj Mahal Palace, Mumbai
Commerce Secretary John Bryson, who was on a five-day official India visit, leading a 16-member business
delegation was engaged in meetings in Mumbai with the senior industry leaders at the luncheon meeting
hosted by the Indo-American Chamber of Commerce.
Secretary Bryson is here to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure
sector and promote investment opportunities in America–both key priorities of the Obama administration.
“This mission builds on President Obama’s historic visit to India two years ago, when he said before the
Indian Parliament that the U.S.-India relationship will be one of the defining partnerships of the 21st
century. I couldn’t agree more,” said Bryson. He added “The U.S. Trade and Development Agency is also
active in India. I witnessed the signing of two of their projects. One will help implement smart-grids and the
other will bring solar energy and a better quality of life to remote parts of India”. He also announced that
Financial Support was being provided by OPIC and ExIm Bank.
Mr. Anand Desai, said, “Development of infrastructure is critical for India and India’s committed budget of
US$ 1 trillion during the 12 th Five year plan, presents a huge opportunity for business and development. Our
chamber will continue to support trade and commerce in this sector and other business opportunities”. He
added “The total FDI in the infrastructure sector as on March 2010 is US $ 32.6 billion”. Dr. L. S. Kanodia
said, “This year the bilateral trade between India and US is expected to exceed US$ 100 Billion, despite this
we rank 13th among the top 15 US trading partners. We are certain that the visit of Commerce Secretary
John Bryson will accelerate this further. India will also surpass the landmark GDP of US $ 2 Trillion in CY
2012.”He added, “It is appropriate that Commerce Secretary Bryson is leading this delegation on
Infrastructure, since this is the greatest need of our country. About a year ago the then Commerce Secretary
Gary Locke had visited India, which reflects the deepening relations between the two countries.” "It is
exciting to see India's trillion dollar commitment to infrastructure over the next five years. This plan is both
ambitious and admirable. It includes as many as 600 major projects, including a strong emphasis on publicprivate
partnerships," said Bryson.
Secretary Bryson further added, “Here in India, it is wonderful to hear that public-private partnerships are
also being leveraged. The new Infrastructure Debt Fund is a good example of this. The Fund will allow