August 21, 2009 3:43:31 pm
A high-powered trade mission,headed by Ro Khanna,the highest ranking Indian American in the US Department of Commerce,would visit India in November to explore opportunities for American energy-efficient products and technologies in the country.
Being organised by the US Department of Commerce,International Trade Administration,US and Foreign Commercial Service (CS),in partnership with the US Department of Energy (DOE) and US Agency for International Development (USAID),the Energy Efficiency Trade Mission would travel to New Delhi,Mumbai and Chennai from November 16 to 20.
Industry experts believe this is the right time for US companies to hit the Indian market,as India is increasingly exploring energy efficient ways of improving its power supply.
In May 2008,the power ministry had said Indias energy conservation potential with todays technologies could be 20,000 MW. The country saved only 877 MW from 2002-2007,but from 2007-2012,the target is 10,000 MW.
The United States believes that the new targets set by the Indian government will soon accelerate the growth of the energy efficiency market in India,so it is the best time for the American companies to position themselves in India
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