Patna, May 13 (ANI): United States Ambassador to India Nancy Powell inaugurated the American Business Corner (ABC) in Patna on Monday and called for more collaborative projects between native industries and those in her country.
Powell said that American Business Corner is designed in such a way that it would help anyone who wants to trade with the U.S.
"The A.B.C (American Business Corner) in partner will act as a clearing house to connect Bihar based companies with US companies interested in doing business here. The activities of this ABC will include dissemination of catalogues of US products to potential buyers and the staging of workshops like cold chain logistics programme that was jointly organised by ABC and sponsored (sic) by the ICC (Indian Chambers of Commerce) and US commercial service," Powell said.
She added that the U.S. would provide all kinds of technological assistance to the businessmen in Bihar.
"Similarly, we welcome ideas from industries here in Bihar about the technologies that you need in specific sectors and how we can work best with you to provide such access. Moreover, due to the synergies existing between ICC, the Bihar industries association, the Bihar chambers of commerce and the confederation of Indian industries, I believe the potential and the effects of the American business corner here will expand significantly," she added.
The mission of the American Business Corner is to increase trade and commerce by helping US small sized companies to find commercial partnerships that would increase trade between different Indian states and the US.
Earlier when President Obama visited India in the year 2010 he along with Prime Minister Manmohan Singh had announced their intention to develop a Framework for Cooperation on Trade and Investment.
This Framework was expected to foster an environment conducive to technological innovation and collaboration, promote inclusive growth and job creation, and support opportunities for increased trade and investment - including for small and medium-sized enterprises. (ANI)
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