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India's infrastructure, transportation, energy, environmental, health care, high-tech, and defense sector requirements for equipment and services will exceed tens of billions of dollars in the mid-term as the Indian economy globalizes and expands.
India's gross domestic product (GDP), currently growing at about 6 percent, makes it one of the fastest growing economies in the world. Construction of nearly everything from airports to container ports to teleports is setting the stage to remake India. India's entrepreneurs and technologists have the dynamism and knowledge to make their country a global economic power.
While high tariffs and poor infrastructure present the biggest obstacles to foreign investment and growth, India's infrastructure requirements also present trade and investment opportunities for American companies.
Key factors for doing business successfully in India include finding good partners who have knowledge of the local market and procedural issues; good planning; due diligence and follow-up; and perhaps most importantly, patience and commitment. U.S. companies, particularly small and medium-sized enterprises, should consider approaching India's market on a local level, as good localized information is a key to success in such a large and diverse country.
See the table below for a listing of potential sales opportunities for American exporters. U.S. Commercial Service posts in India stand ready to provide the information and the contacts necessary to penetrate the Indian market.
Potential Transactions Total: $692,000,000
| Project Description | Importer | Potential Ex-Im Support | Lender |
| Refinery Expansion | Essar Oil and Gas | $200,000,000 | Standard Chartered |
| We are informed that a subsidiary of Essar which specializes iin vendor management for capital goods is in the process of collecting data and listing requirments. There will be numerous opportunities but opening the door will be challenging. Please contact Kamol Vora, CS Mumbai Kamol.vora@mail.doc.gov for more informatiomn and assistance | |||
| Aromatics plant | Mangalore Refinery & Petrochemicals Ltd | $100,000,000 | TBD |
| Equipment and engineering services for USD 100 million aromatics plant. Please contact Chennai Commercial Cervice officer Vaidyanathan.Purushotvaman@mail.doc.gov | |||
| Refinery Expansion | Mangalore Refinery & Petrochemicals Ltd | $60,000,000 | Citi |
| Equipment selection is now in process. Please contact Chennai Commercial Service office; Vaidyanathn.Purwhathaman@mail.doc.gov | |||
| Photovoltaic panel and thin-film manufacturing facility | Moser Baer | $100,000,000 | Not Yet Determined |
| Moser Baer is finalizing its requirements for second quarter 2009 bidding. Contact Commercial Service office New Delhi; Preetha.Nair@mail.doc.gov | |||
| LNG plant in Cochin Port | PetronetLNG | $100,000,000 | TBD |
| Company is in the process of inviting bids from global suppliers during the next 6 months. Commercial Service is currently assisting company in identifying potential U.S. suppliers. For further information contact Commercial Service in Chennai; Vaidyanathan.Purwhathaman@miail.doc.gov | |||
| Natural Gas Pipeline Project | Gas Authority India Ltd. (GAIL) | $132,000,000 | TBD |
| 2 phase natural gas pipeline expansion project in northwest India with Phase 1 running 455 kilometers from Chainsa to Hissar and Phase 1 running 635 kilometers from Dadri to Nangal. Contact: Carmine.DAloisio@mail.doc.gov or Dale.Tasharski@mail.doc.gov | |||
| DISCLAIMER: This information is being provided solely for informational purposes. Ex-Im Bank makes no representations as to the viability of any of these projects nor does it endorse any companies or commercial products that may be presented. The provision of this information is not intended to constitute a binding offer of Ex-Im Bank financing and Ex-Im Bank makes no representations as to the availability of such support. |
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