Businesses Reiterate Greater Potential for US-India Economic Engagement

Reshma Dordi, Founder and CEO, Reshma Femme; Kris Nightengale, Vice President of Sales, North America, Jain Irrigation Systems Ltd; Sharon Rinehimer, Vice President/General Counsel, RGF Environmental Group and Eric Olafson, Esq., Manager, Intergovernmental Affairs/Cargo Development, Port Miami; Stephen Plainte, Vice President-US operations, Indo American Market Gateway and Shuchita Sonalika, Confederation of Indian Industry at the CII-IAMG seminar on “Growing US-India Trade and Investment Opportunities” on May 30 in Miami, Florida

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Miami – The business communities from the United States and India converged in the beautiful environs of Miami to highlight key areas of growth and opportunities in the bilateral relationship, calling the prevailing sentiment as “exceptionally bullish” with the stock exchange reaching record-breaking highs as the newly elected Prime Minister Narendra Modi took over the reins of the nation.

Speaking at the seminar on “Growing Opportunities for US-India Trade and Investment,” Eduardo Torres, Director of the US Commercial Service in South Florida, advising companies on the Indian market, said “India is the 2nd fastest growing market in Asia for US products and services, with wide-ranging scope from technology to tourism. The importance of due diligence and relationship building is critical to ensure success of business in India.”

According to the attendees, the seminar, organized by the Confederation of Indian Industry (CII) and the Indo-American Market Gateway (IAMG) in partnership with Enterprise Florida, came at a particularly opportune time as a new political establishment took charge in New Delhi with a commitment to revive economic growth.

Manny Mencia, Senior Vice President of Enterprise Florida, gave a presentation on Florida’s investment climate and said that while it was not known to many, Florida was already a leader in high technology and one of the largest US exporters of high technology. He highlighted civil aviation, medical and pharmaceuticals sector and information technology as areas of robust potential.

Moreover, a panel discussion, held with business leaders from US and Indian companies, included Kris Nightengale from Jain Irrigation, Reshma Dordi from Reshma Femme and Sharon Rinehimer from RGF Environmental Group. The panelists shared experiences of doing business in products and services including health and beauty, irrigation systems and environmental technologies.

Eric Olafson from the Miami Port also shared his perspective on taking advantage of the Miami Port to enhance trade and commerce. His specific recommendations included direct flight connections and the presence of a local Indian consulate to streamline the flow of people and products.

Other organizations promoting stronger business relations between the US and India, at the event were: US Commercial Service, Greater Miami Chamber of Commerce and Miami-Dade County Economic Development & International Trade as well as the India-US Chamber of Commerce of South Florida.

CII announced an upcoming US-India technology Summit on November 18-19, 2014 in the New Delhi area, which generated tremendous interest among the participants.

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