New Jersey-India Commission formed to advance trade and investment
- Business Headline Trade US-India relations
Arun Kumar- 0
- 5 minutes read
Gov. Phil Murphy; photo credit: NJ.com
India is New Jersey’s second-largest foreign direct investor and the majority of New Jersey’s immigrant population hails from India
New Jersey Governor Phil Murphy has established the New Jersey-India Commission charged with advancing bilateral trade and investment and encouraging economic development in both New Jersey and India.
Murphy signed an executive order in Trenton on Feb 6 to establish the commission with 39 Indian Americans as members to provide advice to the Governor, as well as to the other New Jersey government agencies and departments.
As India is the most populous country in the world with one of the fastest-growing economies, the commission aims to promote cultural and educational exchanges between New Jersey and India and to promote sustainable long-term economic growth, according to a press release.
READ: NASSCOM launchpad to promote India-US partnership (July 9, 2020)
“I am honored to establish the New Jersey-India Commission to strengthen the cultural and economic ties between New Jersey and India for generations to come,” said Murphy.
“Following my visit to India in 2019, we have been committed to strengthening our relationship, building on the overlapping economic strengths that New Jersey and India have long shared.
“We take immense pride in the contributions of our vast Indian immigrant population and, through this commission, we can ensure that we seize a new century of opportunities to grow together and pioneer new possibilities.”
“I am delighted to join Governor Murphy today to establish the New Jersey-India Commission,” said Lieutenant Governor and Secretary of State Tahesha Way.
“As Secretary of State, I am thrilled to welcome the commission to my department and look forward to overseeing its work building on the deep-rooted economic, cultural, and societal ties between New Jersey and India. New Jersey’s Indian population enriches our state, and through this commission, we are creating further opportunities for collaboration.”
India is New Jersey’s second-largest foreign direct investor and the majority of New Jersey’s immigrant population hails from India.
In September 2019, Governor Murphy and Choose New Jersey led an economic mission trip to India, fostering economic relations and securing over 1,200 new jobs by expanding the presence of three Indian companies within New Jersey.
Over the past two decades, India has invested $2 billion into New Jersey, helping to create nearly 6,000 jobs in key sectors like life sciences and technology.
“Our partnership with New Jersey is unique in several ways,” said Consul General of India Binaya Srikanta Pradhan. “It is a potential story of dynamic convergence and confluence of India’s economic resilience, presence of a highly successful Indian-American community and America’s spirit of innovation, fostering a landscape ripe with opportunities across sectors.
“Governor Murphy’s initiative to establish the New Jersey-India Commission would add strength to already existing high level of economic engagement in terms of over $10 billion trade with New Jersey or several two-way investments.
“This would also give a boost to the strong people-to-people connect that exists between India and New Jersey including in areas of education and knowledge partnership. We also look forward to Governor Murphy’s visit to India in the near future to take forward our partnership to new heights,” said Pradhan.
“We are thrilled that the Governor has established the New Jersey-India Commission,” said Wesley Mathews, Chair of the Commission.
“The multiple economic missions the State has taken to India since 2019, including the number of sister-state relationships established and MOUs signed across higher education, life science, and the technology sectors prove that we have shared visions for our economies and peoples. I am eager to get to work with my colleagues in pursuit of an even stronger and more robust partnership.”
Murphy has appointed the following to the commission: Dini Ajmani, Natasha Alagarasan, Sri Atluri, Snehal Batra, Coleen Burrus, Ravi Dattatreya, Kirti Desai, Parimal Garg, Vin Gopal, Balpreet Grewal-Virk, Kiran Handa Gaudisoso, Pavita Howe, Jaime Jacob, Monica Jain, Gurbir Johal, Suchitra Kamath, Krishna Kishore, Vidya Kishore, Kris Kolluri, Indu Lew, Jose Lozano, Wesley Mathews, Anjali Mehrotra, Deelip Mhaske, Raj Mukherji, Suresh Muthuswami, Srinivas Pallia, Anand Paluri, Falguni Pandya, Carrie Parikh, Rajiv Parikh, Gurpreet Pasricha, Deepak Raj, Jatin Shah, Huzaifa Shakir, Sterley Stanley, Ragy Thomas, Steven Van Kuiken and Christina Zuk.