March 12, 2013
India: Partnership’s 1st international trip of ‘13
What do you do when you have 500+ foreign-owned companies doing business in Cincinnati USA employing over 50,000 residents? Attract more, which is exactly what the Cincinnati USA Partnership is doing in India this week.
The Cincinnati USA Partnership, the regional economic development initiative directed by the Cincinnati USA Regional Chamber, will visit 14 companies in India through March 15 to build upon business relationships and to attract Indian-owned companies to invest in new facilities in the greater Cincinnati region. This marks the Partnership's first international trip of 2013, and the first return trip since 2008.
Leading the mission is Trevor Hamilton, vice president of economic development, Cincinnati USA Partnership, along with Wood & Lamping attorney Rayan Coutinho, president of the Indian American Chamber of Commerce of Greater Cincinnati; and Anil Srivastava, manager of manufacturing technology, TechSolve.
"We're looking forward to building on our Indian business relationships and expanding our message about Cincinnati's potential," said Hamilton. "We're meeting with prospects in Delhi and Mumbai among the food and flavoring, specialty chemical, pharma, packaging, IT, financial services and manufacturing sectors, and connecting with companies at the India Engineering Sourcing Show."
The purpose of the trip is to meet with companies that have a strong interest in and the potential to establish new operations in the U.S. within the next 18-24 months. Ideally, such investments would lead directly to new job creation and typically would include office facilities, data centers, regional headquarters, engineering and service centers, distribution and logistics facilities, or manufacturing plants.
The Partnership is responsible for economic development, including the attraction of foreign direct investment to the greater Cincinnati region. More than 500 foreign owned companies call Cincinnati home, and these companies employ more than 50,000 Greater Cincinnatians. Building on successes in attracting foreign direct investment, international attraction efforts are currently focused on Germany, France, the UK, Japan, and emerging opportunities in Israel and India to attract businesses in consumer products and brand development; advanced manufacturing (aerospace, aviation, automotive, industrial machines, metalworking, chemicals & plastics); BioHealth; finance, insurance and IT; food & flavorings; and energy and water.
Visit www.cincinnatiusa.org for more information.