Thursday, May 22, 2008

The Indo-US Bilateral Trade Relationship Is Rising

The Indo-US bilateral trade relationship is expected to rise at about 50 per cent at $60 billion during 2008-09, against about $40 billion in 2007-08, according to Mr Henry Jardine, the US Consul General in Kolkata.

The Consul-General, who is leaving the city in July, was sharing his experiences about Bengal and the business prospects in the near future. The US investments so far have been focused on petrochemicals, information technology, financial services, engineering and infrastructure. Eastern India and West Bengal in particular need investment in infrastructure such as large multi-lane highways, overpasses, bridges, additional ports, and airports. Over 30 per cent of farm products do not reach the market because of inefficient cold storage and transportation systems.

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