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US companies keen to invest in Tier II Indian cities
Many US companies and businesses are keen to invest in India, particularly in infrastructure, energy and
healthcare sector, a top US diplomat said.
"Since incredible growth has been happening in Indian Tier II and III cities like Coimbatore, the US wants
to expand bilateral economic ties with India through business relations between the companies," Judy
Reinke, Minister Counselor for Commercial Affairs, US Embassy, Delhi, told reporters. She was here as
part of a three-day event 'Experience America' and to inaugurate an American Business Corner (ABC),
which is to strengthen commercial connections, making it easier for South Asia and United States to
connect.
Earlier, inaugurating the ABC, Jennifer McIntyre, US Consul General, Chennai, said there types of
connections, in addition to continued hard work on the US-India relationship, would play a role in
improving the lives of millions of people in the years to come. Stating that bilateral economic
cooperation over the last few decades has resulted in dramatic increase in investment and trade, she
said US-India Foreign Direct Investment increased by nearly 165 per cent between 2005 and 2009.
US exports to India have quadrupled over the last decade, while Indian exports to US have grown by
180 per cent, she said.
The ABC, the second in India, after Madurai in Tamil Nadu, would help Indian importers and exporters
to learn about the services and program of the US Commercial Services and help in connecting with
American businesses, Judy said.
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India, US to boost health cooperation
India and the US will strengthen cooperation in the area of public health by sharing information and best
practices, identify and address policy concerns and establish new technologies. The agreement to
ensure smooth implementation of issues for bilateral cooperation was reached during a meeting here
Monday between Indian ambassador Nirupama Rao and US Health and Human Services Secretary
Kathleen Sebelius.
Rao highlighted the importance of vibrant India-US health cooperation in strengthening their strategic
dialogue and addressing the challenges of global health such as Rotavirus vaccine development, solution
for HIV/AIDS and non-communicable diseases containment, the Indian embassy said in a media release.
To further broaden and deepen the bilateral health cooperation and to ensure better health at
affordable costs for the people, she mentioned about emerging collaboration opportunities in areas of
cancer research
These include specifically cooperation in development of the Indian National Cancer Institute and low
cost biomedical technologies and health informatics. Rao also underscored the opportunity for
development of cooperation in the field of traditional medicine, which has immense market potential in
the US.
Recalling her visit to India in January, Sebelius said it had helped her to understand the complexities of
Indian health system and its challenges, the release said
She lauded the Indian effort for eradication of polio over the last one year, which resulted in removal of
India from the list of polio affected nations by World Health Organization (WHO). Sebelius also
expressed her satisfaction in progress of the Global Disease Detection (GDD) - India Centre, which has
been established in collaboration with the US Centre for Disease Control & Prevention (CDC).
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