US, India to promote trade opportunities

WASHINGTON — India and the US have agreed to increase inter-agency cooperation and identify opportunities for strategic alliances between US small businesses and Indian small and medium enterprises (SME).


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Published: Sat 10 Feb 2007, 8:52 AM

Last updated: Sat 4 Apr 2015, 9:54 PM

The agreement embodied in a letter of intent signed last week by the US Small Business Administration (SBA) and India's Ministry of Small Scale Industry will further economic development and job creation in both countries.

The letter of intent was signed by Manuel Rosales, SBA associate administrator for international trade, and Jawhar Sirca, additional secretary and development commissioner of SSI, during a trip to India, SBA said.

Rosales praised the vitality of India's economy and highlighted the importance of trade and cooperation between both countries' small business communities as a tool for growth and jobs creation.

"Small businesses are the backbone and driving force of our economies," Rosales said. "Working together, we will encourage and facilitate business relationships that will help them to become even stronger, thus furthering economic development and job creation in both our nations."

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