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U.S. Commercial Service &Doing Business in India
Cynthia TorresU.S. Commercial ServiceGlobal Energy Team LeaderU.S. Department of Commerce
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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
India’s Power Demand a Case for Solar
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
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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/
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
