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"Minnesota and India: Trade opportunities in 2021”

Posted on: February 18, 2021 | Back | Print

Consulate General of India
Chicago
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"Minnesota and India: Trade opportunities in 2021”

February 18, 2021

Consul General Amit Kumar addressed the participants of the event focusing on “India and Minnesota: Trade and Business Opportunities” co-organized by the Minnesota Trade Office in collaboration with the US Department of Commerce and the Consulate General of India in Chicago.

Consul General Amit Kumar addressed the participants of the event focusing on “India and Minnesota: Trade and Business Opportunities” co-organized by the Minnesota Trade Office in collaboration with the US Department of Commerce and the Consulate General of India in Chicago.

He also underlined that India is poised for economic growth underpinned through deeper structural reforms, simplifying business environment, reducing regulations, infrastructure creation, etc. He pointed out that India has jumped up 79 places from 142 rank to 63 rank over the past five years in the World Bank’s Ease of Doing Business rankings and underlined that the government is committed to further improving it.  He pointed out that IMF has projected a growth of over 11% for the Indian economy this year and this will create new opportunities for US companies including from Minnesota.

Several Minnesota companies such as 3M, Target, Best Buy, Cargill, Medtronic, General Mills, UnitedHealth Group etc. are already present in India. CG expressed confidence that more companies will follow suit in the months ahead and that the Consulate would extend necessary facilitation in this process and will work closely with partners like Minnesota Trade Office, Department of Commerce and other stakeholders.

The event also saw presentations by Mr. Abdiwahab Mohammad, Regional Trade Manager for India, Minnesota Trade Office, Mr. Gregory Taevs, Deputy Senior Commercial Officer at the U.S. Commercial Service, US Embassy, New Delhi and Ms Megan Hyndman, Office of South Asia, International Trade Administration, U.S. Department of Commerce and Mr. Doug Jacobson, Commercial Officer, US Commercial Service, Minneapolis was also one of the speakers.

Minnesota is an important partner for India. Total bilateral trade in between India and Minnesota in 2020 was approximately 755 million.

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