"I am very enthusiastic about our ever-increasing business ties. Trade brings people together, creates jobs, and provides countless new opportunities for people in both of our countries.
"There is plenty of room for growth, and we need to see where both countries can best help each other since a healthy balance of trade is essential between countries," she said.
She was speaking after launching India's 12th American Business Corner (ABC) in Mohali, Punjab.
The Ambassador said over the past year, US exports to India increased by USD 1 billion to over USD 22 billion, while India's exports to the US grew by about USD 4 billion to over USD 41 billion.
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"Historically, our bilateral trade in goods has expanded from more than USD 26 billion in 2005 to over USD 63 billion in just seven short years. Moreover, when you count bilateral trade in services, our bilateral relationship is nearing USD 100 billion, up from about USD 90 billion in 2011," the Ambassador said.
"In recent years, India has been among the fastest growing sources of inward investment into the US, totalling about USD 9.8 billion, as of 2011, and supporting thousands of US jobs," she pointed out.
The ABC was launched by Powell and Anurag Aggarwal, president of Mohali Industries Association.
"The ABC in Mohali will act as a clearinghouse to connect its 400 member firms with US companies interested in doing business here. Activities of this ABC will include dissemination of catalogues of US products to potential buyers and staging workshops and seminars at the ABC...," Ambassador Powell said.
She also discussed trade, investment, and people-to-people ties between the US and India during a visit with instructors and staff at the Indian School of Business in Mohali.