India and the United States of America (USA) enjoy a robust economic and commercial partnership. Our bilateral trade last year reached USD 113 billion in goods. If statistics for services trade are taken into account, this would easily increase to over USD 160 billion. India received Foreign Direct Investment (FDI) worth USD 165 billion over the last two years, with USA being the largest source of foreign investment in India. Indian companies have also invested close to USD 22 billion in USA over the year, adding value and innovation locally.
In partnership with:
Amit Kumar
Consul General of India,
Chicago
Manmeet Nanda
Joint Secretary,
Department for Promotion of Industry
and Internal Trade (DPIIT)
Guljit Singh
Group Executive Chairperson,
Nexdigm
09:00 am – 10:30 am CST
Food Processing
The food processing sector is an important potential opportunity, given the strength of the US Midwest region in this sector and the growth opportunities in India. This sector, amounting to over USD 250 billion, accounts for 9% of India’s GDP and is projected to grow at 14-15% annually over the next few years.
11:30 am – 01:00 pm CST
Life Sciences, Pharmaceuticals & Biotechnology
The Life Sciences, Pharmaceuticals and Bio-technology sectors are important due to the potential opportunities given the strength of the US Midwest region in this sector and the growth opportunities in India. There is also a significant amount of startup activity in this sector. The pharmaceuticals sector in India, amounting to over USD 50 billion, is projected to grow at 11-12% annually over the next few years.
