India is an important market for the State of Michigan. In 2014 the State exported exported $296.7 million in goods and materials to India.
Key exports to India include chemicals, machinery, computer and electronic products and transportation equipment, according to the U.S. Department of Commerce International Trade Administration.
And Indian companies are locating in the state as well. There are 44 Indian-owned companies in Michigan that employ more than 3,596 across the state.
Given the continued growth potential, Lt. Gov Brian Calley led a delegation of state and business leaders on a trade mission to India last week.
“We will be delivering the message that Michigan is more business-friendly than ever and the best state in the North American market to compete and grow while creating jobs,” Calley said.
Calley addressed the India-Michigan Global Summit, a new initiative launched by the Michigan Economic Development Corp. to bring business and government together to create business opportunities for Michigan companies in the India market and drive increased Indian foreign direct investment into Michigan’s automotive and manufacturing industries.
He will also meet with executives from Indian automotive companies as well as Michigan companies with operations in India. The trip also will include meetings with Indian automotive suppliers.
Five Michigan companies seeking to sell their products and services in the Indian market joined the trade mission. The companies will be participating in meetings with prospective customers, distributors and strategic partners.
The participating companies are:
Argo BioMedical – Repair services of patient monitoring equipment for hospitals, surgical centers and private practices
FutureNet Group – Infrastructure, security, construction, IT and other services to various governments
Hosco Fittings – Finishing system components manufacturer
Managed Programs – Global product development company focused on design, engineering and manufacturing of plastic components for automotive and other industries
Orion Test Systems – Global supplier of testing solutions for laboratory and production test machinery