12th American Business Corner set up

India's 12th American Business Corner (ABC) was launched Wednesday at Mohali in Punjab by US ambassador Nancy J. Powell as well as Mohali Industries Association president Anurag Aggarwal.

"The ABC in Mohali will act as a clearing house to connect its 400

member firms with US companies interested in doing business here," Powell said.

"The activities will include the dissemination of catalogues of US products to potential buyers and the staging of workshops and seminars on topics ranging from trade finance to IPR."

The ambassador said he was "very enthusiastic" about ever increasing business ties between India and the US.

"Trade brings people together, creates jobs, and provides countless new

opportunities for people in both of our countries.

"There is plenty of room for growth, and we need to see where both countries can best help each other. A healthy balance of trade between countries is essential," he said.

During her two-day visit to Chandigarh and Mohali, Powell met members of the Haryana and Punjab governments.