Growing recognition of Indo-US trade relations: Powell

Inaugurating the American Business Corner(ABC) here, Powell said it was the first of its kind in eastern India and would provide the North East region real time information about trade opportunities with the USA.

"Many potential opportunities can also be identified through ABC, besides recognition of entrepreneurship and the opportunities existing due to government programmes," she said.

"The Northeast will fulfill its full potential and the USA will be delighted to be a partner in it", the ambassador said.

ICC North East Region chairman M K Saharia said the bilateral trade between India and USA had grown from 5.6 billion dollars in the past to 57.8 billion dollars at present and is estimated to increase to 100 billion dollars in future.

Entrepreneurs in the north east here had limited progress due to lack of opportunity and knowledge, he said adding ABC would provide opportunity to traders and investors by having with it all the necessary information and putting in touch entrepreneurs of the north east with American companies.

ABC is a collaborative effort of the US Commercial Service office and Indian Chamber of Commerce(ICC) in Kolkata as part of a MoU for establishing three such corners at ICC offices in Assam, Bihar and Odisha.

The ABC is designed to assist the US companies in promoting their brand and generating business leads from emerging metropolitan cities in India.

Information on tourism and outbound investment services, as well as invitations to jointly organise networking events are other features of ABC, US Consulate sources said.