PHOENIX — Arizona Gov. Jan Brewer will lead a trade mission to India this week, her office said Monday.
“Our state economy has come so far over the past four years, thanks to the pro-growth climate we’ve worked hard to create. To remain competitive and ensure Arizona’s economic vitality, we must forge and secure strong partnerships beyond Arizona and the United States,” Brewer said in a press release. “Arizona deeply values its relationship with India, and recognizes the potential for meaningful and mutual business investment. It’s essential that Arizona capitalize on the opportunity.”
Along with the Arizona Commerce Authority, Brewer is scheduled to meet with numerous Indian officials, as well as leaders in technology. infrastructure and energy.
Brewer will also encourage tourism, as over 38 million international visitors came to Arizona last year, pumping $19.3 billion into the state’s economy.
“The tourism industry is an integral producer of jobs and development throughout Arizona,” said Brewer. “These missions provide us a valuable opportunity to showcase Arizona to international markets
Arizona Commerce Authority President and CEO Sandra Watson said the economies of Arizona and India are very similar.
“With exports from Arizona to India recently up 78 percent, India represents an emerging market and area of significant opportunity,” Watson said in an interview. “Arizona’s key industry sector strengths in aerospace and defense, technology, bioscience and advanced manufacturing are well aligned with India’s growing domestic needs. This mission is an important part of cultivating trade and investment opportunities for Arizona and showcasing the state’s pro-business climate to companies in India looking for expansion in the U.S.”
India is the second-fastest growing economy in the world and is expected to take over the top spot by 2015. It is also the fastest-growing market for U.S. exports.