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India Business Delegation Sign MoU with State of Maryland

For Information Contact:

Monica Biscoe

Communications Specialist

Prince George's County EDC

301.583.4622

Largo, MD - On Wednesday, June 13, 2012, the Prince George's County Economic Development Corporation (EDC), in partnership with the Maryland Department of Business and Economic Development (DBED), hosted a business delegation from India. The incoming business delegation was led by two Indian chambers of commerce: The Electronics and Software Export Promotion Council (ESC) headed by Mr. D.K. Sareen, and the Association of Small and Medium Knowledge Industries (ASMKI) led by Mr. Nalin Kohli.

The event showcased two MoU signings: the first between DBED and ESC, and the second between DBED and ASMKI. DBED Deputy Secretary Dominick Murray conducted the MoU signings. EDC President Gwen McCall and Maryland Secretary of State John McDonough witnessed the MoU signings.

"We are pleased to host this delegation and look forward to Maryland companies partnering with ESC to have a local presence in Prince George's County. This two-way relationship is a win-win," said EDC President, Gwen McCall.

The mission of ESC is to promote exports of electronics and computer software companies from India. In this regard, they are looking for software and electronics products from U.S. (and other foreign) companies. This creates two-way trade opportunities between U.S. and India.

ASMKI has the mission of finding market and investment opportunities for Indian companies in other countries. This provides an opportunity for bringing Indian companies to locate in the U.S., create in-bound investment into the U.S., and create joint venture opportunities for U.S. companies.

"We welcome your companies and look forward to a great future and big potential in the state of Maryland and specifically, in Prince George's County," said Nalin Kohli.

In addition to the heads of ESC and ASMKI, the incoming delegation included eight information technology companies, a biotechnology company, and a few food-industry businesses. Several local businesses had one-on-one meetings with visiting companies looking for trade, investment and joint-venture opportunities.

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