Exim Bank Roundtable with SelectUSA: Investment Opportunities in the US

Export-Import Bank of India organized a roundtable with SelectUSA, on September 23, 2014, to promote Indian investments in the US. A team of senior officials from SelectUSA led by Ambassador Vinai Thummalapally, Executive Director, SelectUSA, as well as dignitaries from the US Embassy, New Delhi and US Consular General, Mumbai were present at the event.

During the visit of US Secretary of Commerce Ms. Penny Pritzker on July 30, 2014, Exim Bank had signed a Memorandum of Intent (MOI) with SelectUSA to encourage collaboration to promote Indian investment to the US. The MOI reinforces the strong commercial relationship between the two countries. Under the terms of the MOI, both parties will seek to act as central points of contact for existing and potential investors who seek investment opportunities and information on bilateral investment flows. The Roundtable is a part of this joint effort to enhance trade and investment relations between India and the US.

In his keynote address, Amb. Thummalapally encouraged collaboration between the two countries and urged for higher Indian investments in the US. A presentation by SelectUSA revealed India as one of the fastest growing sources of FDI in the US, growing at a CAGR of 29.3 percent between 2009-2013.

Speaking on the occasion, Mr. Yaduvendra Mathur, CMD, Exim Bank, spoke about India’s robust trade ties with the US, as well as growing Indian investments into the US in recent years, which has been a novel feature of bilateral ties. He briefed on the various programmes supported by Exim Bank in the US, and reaffirmed Exim Bank’s support to partner Indian companies in their endeavours to enhance their operations in the US.

The event was largely attended by potential Indian companies who are looking at the US for investments, as also those who would like to enhance their presence in the US market as part of their global endeavour.