- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
- U.N. rights chief: Flight MH17 downing possible war crime
- Attack on park in Gaza war kills 10, mostly children
India trip reaps $60M in investments for Maryland
Question of the Day
More than 100 state officials and business leaders spent Nov. 28 to Dec. 3 in India, where they met with potential investors, trade partners and Indian government officials.
Mr. O'Malley, a Democrat, said that several Maryland businesses made lucrative deals with Indian companies during the trip, and that the state convinced two notable companies to build new facilities in Maryland.
“This mission has opened new doors for Maryland to create jobs, bolster trade and investment and strengthen existing business and cultural relationships,” he said.
The Maryland delegation visited Mumbai, New Delhi and Hyderabad during the trip in an attempt to take advantage of India’s growing economy and middle class.
Among the deals reached, India-based Jasco Nutri Foods agreed to spend $10 million in Maryland on a new facility, which could generate as many as 100 jobs.
Jubilant Life Sciences, an India-based pharmaceutical company, also announced plans to spend $20 million to triple its existing warehouse space on the Eastern Shore.
Eight other Maryland businesses signed deals or joint ventures with Indian companies, including Baltimore-based Premier Rides, which signed a $7-million deal to build an attraction at a new theme park in India.
“The global economic situation requires companies to be very dynamic and to be able to react quickly where the opportunities are emerging,” company President Jim Seay said.
Maryland officials have touted the need to expand trade and business opportunities into other countries in an effort to mine untapped foreign economies and bring jobs to the state.
Earlier this year, a state delegation visited China, South Korea and Vietnam and secured more than $85 million in investment.
India is Maryland’s 12th-largest export market, receiving $233 million in goods and services from the state last year.
Christian S. Johansson, the state’s secretary of business and economic development, said that number represents a 70 percent increase from 2005.
“Maryland companies need to be where the best opportunities are,” he said. “I dare you to find another opportunity or a market that has been as beneficial to our businesses.”
State officials said Monday that the trip cost taxpayers about $140,000. The state paid for Mr. O'Malley and a handful of state officials, while most attendees paid their own way.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
David Hill joined The Washington Times in February 2011 as a Maryland political reporter. He can be reached at firstname.lastname@example.org.
- Md. drivers could face eventual doubling of gas tax
- Federal appeals court restores Maryland's concealed carry law
- Md. bill would end student suspensions for mimicking gun behavior
- Maryland Senate passes bill decriminalizing small amounts of marijuana
- Virginia Gov. Bob McDonnell assailed on transportation
Latest Blog Entries
TWT Video Picks
By Scott Pinsker
- Illegal immigrants demand representation in White House meetings
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- D.C. police chief orders officers not to arrest legal gun owners carrying weapons in public
- Tennessee Gov. Haslam slams White House for secret dump of illegals in his state
- Babson College, BYU win top spots in Money magazine's college rankings
- CURL: Obama, staffers not even pretending any more
- Family of Marine killed in Afghanistan pushes back against cover-up
- D.C. seeks stay in order striking down ban on handguns in public
- DeSean Jackson working on offensive cohesiveness with Redskins teammates
- Ohio sheriff sends bill to Mexico for cost of jailing illegals
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq