U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global...
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Transcript of U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global...
![Page 1: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/1.jpg)
U.S. Commercial Service &Doing Business in India
Cynthia TorresU.S. Commercial ServiceGlobal Energy Team LeaderU.S. Department of Commerce
![Page 2: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/2.jpg)
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![Page 3: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/3.jpg)
U.S./India Trade Stats
• Total Trade (2008): $63.63 billion
• U.S. Exports to India (2008): $32.44 billion, a 85 percent increase from the previous year
• Imports from India (2008): $39.89 billion, a 65 percent increase from the previous year
• Energy Demand: India needs to add 150GW of power over the next five years
![Page 4: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/4.jpg)
India’s Power Demand a Case for Solar
![Page 5: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/5.jpg)
It’s Complicated!
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Opportunities & Challenges
Market Barriers: Competition from local suppliers / Lack of monitoring legal and financial disclosure / Long permitting processes / Delays with integrating and implementing RE/EE policies / Emerging LCR issues / Corruption & lack of transparency
Opportunities: Ranks 4th in the E&Y RE attractiveness Index / GOI mandates for EE solutions by 2012 / GOI to promote adoption of green technologies / The State ERCs to source up to 10% of their power from RE generation / Keen interest from India’s top industrial houses, eg. Tata, Reliance, Bharti Enterprises
![Page 7: U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.](https://reader036.fdocuments.in/reader036/viewer/2022062511/551be5db550346af588b60fd/html5/thumbnails/7.jpg)
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Upcoming Events
Turkey Renewable Energy Trade Mission:http://www.buyusa.gov/fresno/105.html
India Clean Energy Trade Mission http://www.export.gov/trademissions/IndiaCleanTech/
Solarcon U.S. Pavilionhttp://www.solarconindia.org/
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www.export.gov | 800.USA.TRADECynthia Torres
Global Energy Team Leader
U.S. Commercial Service
Tel: (760) 882-1043
Email: [email protected]
Website: www.export.gov/industry/energy
Thank you for your time.Questions?
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U.S. Department of Commerce, International Trade Administration