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Rediff.com  » Business » Gujarat seeks strong economic ties with US

Gujarat seeks strong economic ties with US

Source: PTI
September 08, 2014 14:27 IST
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American companies have been called to invest and explore business opportunities in the state

Underlining that the new Indian government was focused on eliminating developmental challenges, a high-level business delegation from Gujarat has called American companies to invest and explore business opportunities in the state and India.

"The new (Indian) government is not afraid of making hard decisions and with Prime Minister (Narendra) Modi's firm belief in minimum government and maximum governance, India is bound to rise, opening up tremendous opportunities for everyone," said Bharat Lal, Gujarat's resident commissioner and at an event organized by the Confederation of Indian Industry and US India Business Council (USIBC) in Chicago.

Lal is leading a 15-member delegation from Gujrat comprising prominent industrialists, academicians, and senior government officials to promote the biennial Seventh Vibrant Gujarat Summit.

"The Indian government is putting the house in order, and focus is now on implementation and overcoming developmental challenges," he said.

"Gujarat has set a precedent and developed a model of inclusive growth that is being studied and emulated around the world," Lal said.

He said the state has emerged as a hub for manufacturing, knowledge sharing, auto components, pharmaceuticals, financial services, power and now aims to be the defense manufacturing hub of India.

Lal called the Americans companies to participate on a large scale in the biennial Seventh Vibrant Gujarat Summit, to be held on January 11-13 next year in Gandhinagar.

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