Exports to the U.S. Transition From Low-Cost Commodities to Value-Added Products

摘要

From a low-cost supplier of mainly commodity goods to the U.S. market, Indian companies are today moving a step ahead in the race to maintain their shares in their single largest market. Setting up offices in the U.S., inking joint ventures with U.S. counterparts, mergers with and acquisitions of U.S. companies, are the latest strategies being followed by Indian companies across industry sectors, in a bid to better service the American market. There are around 45-50 such Indian companies in the U.S. today, and the number is growing fast. The U.S. market accounts for almost 15 percent of India's total exports (even as India accounts for not more than 4 percent of total U.S. imports).