Mar. 14, 2011 (Business Wire) -- USIBC today thanked Congressman Joe Wilson for his remarks on the floor of the U.S. House of Representatives, commending USIBC's work in strengthening bilateral trade and investment between the United States and India.
"Congressman Wilson is a strong supporter of USIBC, U.S.-India relations and the Indian-American community," said Ron Somers, USIBC President. "USIBC is grateful to Congressman Wilson for his leadership, and we will continue to advocate for American businesses working in India, such as Boeing and Lockheed Martin, both contenders for India's Medium Multi-Role Combat Aircraft (MMRCA), and to ensure that American and Indian companies continue to succeed at developing a robust, two-way street of partnership and opportunity," Somers added.
"We look forward to continuing our work with Congressman Wilson and other members of the Indian Caucus on Capitol Hill in the months ahead. USIBC will also continue to reach out to progressive leaders in India," concluded Somers.
A transcript of the speech delivered by U.S. Representative Joe Wilson in the House of Representatives follows:
Mr. Speaker, I rise to commend the work of the U.S.-India Business Council. Founded in 1975, the primary mission of the USIBC is to strengthen bilateral investments and trade between our two great nations.
America and India now share $50 billion in annual trade that mutually benefits both countries. Our two democracies, the world's largest and the world's oldest, have held joint military exercises, increased two-way tourism and have engaged in bilateral cooperation on many fronts, including the global war on terrorism.
Thanks to the leadership of President Ron Somers, the USIBC, hosted by the U.S. Chamber of Commerce, has grown to 400 member companies creating jobs in America. Indian businesses have invested billions across the nation, including Mittal steel in Georgetown, South Carolina.
For 36 years, USIBC has opened the doors for American businesses in India creating jobs in both countries as strategic partners.
Video link to speech: http://www.youtube.com/watch?v=j5cH4LeJ60c
The U.S.-India Business Council, formed in 1975 at the request of the Government of India and the U.S. Government to advance commercial ties between the world's two largest free-market democracies, is the largest bilateral trade association in Washington, DC, comprised of nearly 400 member-companies. Terry McGraw, Chairman and CEO of The McGraw-Hill Companies, currently presides as USIBC's Chairman.
www.usibc.com
U.S.-India Business Council (USIBC)
Nicholas Lembo,
202-463-5662
nlembo@uschamber.com