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U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce.

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Presentation on theme: "U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce."— Presentation transcript:

1 U.S. Commercial Service & Doing Business in India Cynthia Torres U.S. Commercial Service Global Energy Team Leader U.S. Department of Commerce

2 2

3 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

4 India’s Power Demand a Case for Solar

5 It’s Complicated!

6 6 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 4 th 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

7 7 Upcoming Events Turkey Renewable Energy Trade Mission: India Clean Energy Trade Mission anTech/ Solarcon U.S. Pavilion

8 | 800.USA.TRADE Cynthia Torres Global Energy Team Leader U.S. Commercial Service Tel: (760) Website: Thank you for your time. Questions? 8 U.S. Department of Commerce, International Trade Administration


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