India offers tremendous business opportunities to the US in various sectors such as manufacturing and the COVID-19 pandemic has presented a unique opportunity to the country to work with America to build resilient and reliable supply chains that will have the ability to weather future shocks, eminent speakers told a virtual forum ahead of the India Subcontracting Expo. The India Subcontracting Expo 2021 focusing on the North American region is scheduled to be held February 16-19 virtually.
The expo will bring together exhibitors from India and buyers from Canada, Mexico, and the US.
Ahead of the expo, Indian government officials, diplomats, and industry leaders highlighted business opportunities that the expo will present for both the US and India in areas of trade and investment and help boost economic ties during a curtain raiser event organized Monday by the Engineering Export Promotion Council (EEPC) of India.
Joint Secretary (EP-Engg.) in the Ministry of Commerce and Industry Srikar K Reddy said at the curtain raiser event that the global economy remained virtually stalled due to economic lockdowns imposed across nations to combat the pandemic and as nations begin the process of re-opening their economies, restoration to the pre-COVID stage is likely to take some more time.