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CG addressed 15th Anniversary Dinner of US-India Chamber of Commerce

Dec 08, 2016

The US Midwest is an important region for Indo-US economic relations, contributing roughly 10% of the total US-India trade.

 

US-India Chamber of Commerce

Dr Ausaf Sayeed, Consul General of India in Chicago, who was the Chief Guest at the 15th Anniversary Dinner of US-India Chamber of Commerce, addressed a large gathering of the Indian-American business leaders on December 8, 2016.

Speaking on the occasion, the Consul General mentioned that the US Midwest comprising of the nine important states of Illinois, Michigan, Missouri, Minnesota, Indiana, Iowa, Wisconsin, North Dakota and South Dakota, is an important region for Indo-US economic relations. India-US Midwest Trade (2015) totals US$ 6.25 billion, which is roughly 10% of the total US-India trade.

The region is home to 100 Fortune 500 companies, of which more than 30 are doing business in India. These include Boeing, General Motors, Ford Motor, UnitedHealth Group, Kroger, Archer Daniels Midland, Target, Dow Chemical, Caterpillar, John Deere, Allstate, 3M, McDonalds, Abbott Labs, etc.  

Likewise, over 80 Indian companies in the US Midwest, which have made investments to the tune of US$ 2.3 billion and created 13,800 jobs.

The US-Midwest is known for Manufacturing, Innovation, IT, BT, sophisticated medical research and advancements in Agriculture.  Chicago is World’s Third largest intermodal port after Hong Kong and Singapore.  

He said that the Commercial Wing of the Consulate is always ready to provide any assistance to the US businessmen who intend to explore oppotrunities in India.

The Consul General complimented Mr Ajit Pant, President of the  US-India Chamber of Commerce and other board members for their active participation and support in enhancing business ties between the two regions.

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