Virginia calls for Indian investments
PTI
Washington
Aimed at attracting investment from Indian companies and creating jobs in Virginia, the governor of the US state has embarked on a high-powered trade mission to India.
"International marketing missions are a critical component of Virginias aggressive and pro-active approach to economic development. They provide the best opportunity to personally convince corporate leaders to invest in Virginia and bring jobs back for our citizens," Governor Terry McAuliffe said before leaving for an 11-day trade mission to the Middle East and India.
Virginia has a growing trade ties with India. From 2006-2015 Indian companies invested more than USD 150 million and created nearly 1,000 jobs in Virginia.
Twenty-five Indian companies currently operate in the state. In 2014, India ranked 19th among Virginias export destinations, totaling USD 230 million - up seven per cent from 2013, the governors office said.
"International trade also plays a vital role in my strategy to build a new Virginia economy and mitigate the impact of federal defence cuts," he said.
