Anil Ambani seeks more US business in India

April 1st, 2011 - 11:28 am ICT by IANS  

Barack Obama Washington, April 1 (IANS) Anil Ambani, chairman of Reliance Anil Dhirubhai Ambani Group, has discussed the value of having more US medium-sized companies do business in India with US Commerce Secretary Gary Locke.

At what sources described as “a productive meeting” here Thursday, the head of one of the largest conglomerates in India and Locke also discussed the importance of US Export-Import Bank financing.

Locke spoke to the momentum of the US-India economic relationship coming off of US President Barack Obama’s historic visit to India last November and both expressed a desire to work together to accelerate the development of the bilateral relationship.

Ambani will participate in a panel discussion on “The Shifting Global Economy and Implications for Trade” at the US Exim Bank Annual Conference here Friday.

Besides the chairman of one of India’s most successful corporations, the panel features a leading business journalist and an international economist regarding the intersection of US economic policies, emerging world markets, and the strategies for American companies doing business abroad.

Ex-Im Bank’s Annual Conference is one of America’s premier venues for discussing US trade policy and developing strategies to expand the role exports play in the US economy.

This year’s event, “Government at the Speed of Business,” features plenary sessions and workshops focused on small business exporters, market and industry opportunities, and the Obama Administration’s National Export Initiative.

(Arun Kumar can be contacted at arun.kumar@ians.in)

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