While addressing a session at the East India Summit 2022 organized by the Confederation of Indian Industry, U.S. Consul General in Kolkata, Melinda Pavek, said, “U.S. trade with its top 15 partners has increased over the past year, but I am proud to say that the single biggest jump was with India. U.S. companies are consistently India’s biggest source of foreign direct investment.”
India-US goods trade stood at $67 billion during the first six months of 2022: exports to India were $23 billion, while Indian exports to the U.S. stood at $44 billion, Pavek added.
Pavek also said: Being based in Kolkata, a key hub of India’s Act East Policy, has helped us understand that the development of ports, inland waterways and multi-modal logistics infrastructure in this part of India has significant potential to improve regional connectivity, especially among the BBIN countries (Bangladesh, Bhutan, India and Nepal).
Additionally, the U.S. engages with West Bengal Transport Department to find ways to support the World Bank-funded inland water transport projects in this state, Pavek noted.
