US Consulate sees investment opportunities in Telangana and Andhra Pradesh
Updated: Mar 07, 2015 03:29:53pm
Hyderabad, Mar 7 (KNN) “The US Consulate is on a visit to various districts of Telangana and Andhra Pradesh to interact with the industrialists to understand the trade and investment opportunities for promotion of trade between US and India, more particularly with the states of Telangana and Andhra Pradesh," the Consul General told a delegation of Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) which called on him here.
On the occasion, he lauded the initiatives taken by the Telangana government on brand building and Andhra Pradesh government on smart city projects, according to a release issued by Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry FTAPCCI.
The consul general also invited the industry body to participate in the to the forthcoming SelectUSA Investment Summit scheduled to be held in Washington on March 23 and 24, which brings together investors from all over the world.
He said the governments of both the countries and the private sector need to collaborate on trade and commercial issues of mutual interest with a view to facilitate trade and investment opportunities across various sectors.
"Today, the India-US bilateral cooperation is broad-based and multi-sectoral, covering trade and investment, defence and security, education, science and technology, cyber security, high-technology, civil nuclear energy, space technology and applications, clean energy, environment, agriculture and health," he said.
Interacting with industrialists for promotion of trade and investments between the USA and the two Telugu states, Mullins also informed that presently the trade with India is $100 billion and there is a potential that it can grow $500 billion by 2020.
FTAPCCI president Shiv Kumar Rungta on the occasion informed that the industry body will open branches in Vijayawada, Visakhapatnam and Rayalaseema shortly. (KNN/VV)
On the occasion, he lauded the initiatives taken by the Telangana government on brand building and Andhra Pradesh government on smart city projects, according to a release issued by Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry FTAPCCI.
The consul general also invited the industry body to participate in the to the forthcoming SelectUSA Investment Summit scheduled to be held in Washington on March 23 and 24, which brings together investors from all over the world.
He said the governments of both the countries and the private sector need to collaborate on trade and commercial issues of mutual interest with a view to facilitate trade and investment opportunities across various sectors.
"Today, the India-US bilateral cooperation is broad-based and multi-sectoral, covering trade and investment, defence and security, education, science and technology, cyber security, high-technology, civil nuclear energy, space technology and applications, clean energy, environment, agriculture and health," he said.
Interacting with industrialists for promotion of trade and investments between the USA and the two Telugu states, Mullins also informed that presently the trade with India is $100 billion and there is a potential that it can grow $500 billion by 2020.
FTAPCCI president Shiv Kumar Rungta on the occasion informed that the industry body will open branches in Vijayawada, Visakhapatnam and Rayalaseema shortly. (KNN/VV)
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