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Prince George's County EDC Launches India Business Center

Press Release

Prince George's County EDC Launches
India Business Center

Largo, MD - On October 2, 2013, EDC will open its doors to four Indian companies that will become a part of the India Business Center/Technology Assistance Center. These four companies from India will open their U.S. offices in Largo, Maryland in order to serve their US-based customers, and to grow their business in the U.S.

These established Indian companies have been serving their U.S. customers from India; however, they now realize that it is imperative that they move part of their operations to the U.S. in order to serve their existing U.S. customers. In addition, these companies realize that the U.S. market remains strong, and can only be served by growing their U.S. business. The State of Maryland and Prince George's County took the initiative to meet these companies during the India Business Mission led by Maryland Governor Martin O'Malley, County Executive Rushern Baker and EDC President Gwen S. McCall at the end of 2011. In mid-2012 and early 2013, EDC, in partnership with the Maryland Department of Business and Economic Development (DBED), welcomed inbound delegations of Indian businesses led by ESC and ASMKI. As a follow-up to those missions, Pradeep Ganguly led a delegation to IndiaSoft 2013, spoke at the conference, and participated in several B2B meetings.

As a testament to Maryland's successful international business strategy, six Indian companies expressed the intent to open U.S. offices in Largo, Maryland. Three to four of these companies will arrive by early-October, with the remaining two or companies likely to arrive in early 2014. Prince George's County EDC has been an active participant in DBED's international strategy, and has designed a support structure to assist these companies grow and succeed in Maryland.

EDC and the Maryland Department of Business and Economic Development will continue to create opportunities for companies to be successful in the Global marketplace. EDC and DBED hope to repeat the successes of the India Business Mission with similar partnerships with companies in other BRICS nations - Brazil, Russia, China and South Africa. A business mission led by the Governor and the County Executive is scheduled for December, 2013. In addition, EDC will continue to emphasize trade and investment opportunities with African countries through its Africa Trade Office.

For Information Contact:
Monica Biscoe
Communications Specialist
Prince George's County EDC