PDF: 2962 pages, 5.2 MB - Bay Area Council Economic Institute

Findings
• development of R&D, investment, and export opportunities to address India’s growing
renewable energy, energy efficiency, and green urban design markets;
• development of federal, state, and local policies that support job growth through
entrepreneurship, new company formation, and innovation;
• state and federal support to help small and mid-size businesses develop export opportunities
in India;
• expansion of university and research laboratory coordination with Indian counterparts; and
• expansion of travel opportunities between the Bay Area and India through airline
competition and marketing the Bay Area’s unique connections to India and roots in the
Indian community.
Developments that are desired on the Indian side are:
• for Indian IT companies that wish to become truly global enterprises to increase employment
of non-Indian nationals in service centers outside of India (i.e., corporate localization)
to accelerate community engagement and strengthen their identity as national
(domestic) firms;
• for the Indian government to sustain economic reforms to lower barriers and increase
the scope for partnership in areas such as retail, banking, trade, legal services, wine, and
higher education.
The Bay Area’s connection with India—historic, cultural, and business—is unique. The level of
education, wealth, entrepreneurial activity, and business leadership that can be found in the
Bay Area’s Indian community is unsurpassed in the United States, and Bay Area companies have
led the world in establishing a presence in India and strategic partnerships with Indian counterparts
and service providers. That relationship, properly managed, can play a major positive role in positioning
the Bay Area for continued success in the global economy of the early 21st century.
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