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India trade mission bears more fruit for Maryland
Several deals struck at end of trip could produce more than 100 jobs
by Lindsey Robbins, Staff Writer
More than 100 jobs could be coming to Maryland, as an Indian manufacturer and exporter of organic food products has announced plans to build a $10 million facility in the state.
The announcement was part of several business deals that concluded Maryland's six-day trade mission to India this weekend. During the mission's final leg in New Delhi, a Baltimore cybersecurity company landed an $10 million joint-development agreement for cybersecurity services for mobile devices, and a Gaithersburg design company established a partnership with one of India's premier hotel chains.
“Our mission to India has been a great success in terms of the new partnerships we’ve established, the new doors we’ve opened for job creation, trade and investment, and the many Maryland companies who have signed deals with our Indian partners,” said Gov. Martin O’Malley in a statement.
The mission, consisting of 100 participants — including 43 business officials — and led by O'Malley (D), previously has secured deals for eight Maryland businesses and fostered future opportunities through sister-state agreements signed in Andhra Pradesh and Maharashtra Prithvira, officials have said.
Jasco Nutri Foods is one of the latest results of the trip, with the company planning to open its new facility on a 1,500-acre location. The exact location will be decided in the next two months and the facility could generate as many as 100 jobs, according to a press release from O'Malley's office.
CyberPoint International of Baltimore also has signed a partnership with Appin Security Group of New Delhi to jointly develop new enterprise-level security services for mobile devices. This deal is expected to create jobs for both Baltimore and New Delhi and be worth $10 million, according to the governor's office.
A representative from CyberPoint International could not be reached for comment.
Also, Electro-Media Design on Gaithersburg, which specializes in consulting and design in event technology and acoustics for meeting and entertainment facilities, partnered with ITC Hotels about a week prior to the trade mission to provide contemporary design services for the Indian company. The partnership involves a virtual entertainment venue and business auditorium in Shinai and a high-tech venue in New Delhi, said Jeff Loether, president of Electro-Media.
This also marks Electro-Media's first time doing business with an Indian-based company, although Electro-Media has consulted with many major American-based hotel companies with foreign properties such as Marriott in Bethesda, he said.
"We're very excited and relieved. India's been a bit of a mystery to us so having this opportunity is absolutely a win-win," Loether said. Loether visited India and ITC's management staff during a seven-week trip to the Middle East and India.
Electro-Media might have to double its staff of seven to meet ITC's requirements, Loether said.
The partnership follows Electro-Media's first meeting with ITC at the Hotel Technology Show in 2010 in Anaheim, Calif., and benefits from assistance through the Maryland Department of Business and Economic Development.
“We see win-win opportunities to realize advanced design concepts leveraging the considerable resources of India’s media content creation community even beyond India’s borders. We are grateful for the assistance from Maryland’s Division of International Investment and Trade in developing this opportunity, " Loether said in a statement.
Following the trade show encounter, discussions between ITC and Electro-Media "sort of went quiet," Loether said. But help from the state got them interested again, he said.
Loether has yet to receive any signed agreements from ITC, although the two companies shook hands on the deal Nov. 14, he said.
O'Malley also joined the Federation of Indian Chambers of Commerce and Industry Friday in signing an agreement to create an India-Maryland Center in Maryland, which the federation would operate to boost trade between the regions. The federation also will lead a delegation to Maryland in April to establish partnerships in biotechnology, renewable energy and infrastructure, according to O'Malley's office.
“The signing of the agreement with [the federation] and Maryland will foster greater cooperation between the private sectors of our two regions,” said Rajiv Kumar, secretary general of the federation, in statement.
lrobbins@gazette.net
Source: Gazette.Net: India trade mission bears more fruit for Maryland
Several deals struck at end of trip could produce more than 100 jobs
by Lindsey Robbins, Staff Writer
More than 100 jobs could be coming to Maryland, as an Indian manufacturer and exporter of organic food products has announced plans to build a $10 million facility in the state.
The announcement was part of several business deals that concluded Maryland's six-day trade mission to India this weekend. During the mission's final leg in New Delhi, a Baltimore cybersecurity company landed an $10 million joint-development agreement for cybersecurity services for mobile devices, and a Gaithersburg design company established a partnership with one of India's premier hotel chains.
“Our mission to India has been a great success in terms of the new partnerships we’ve established, the new doors we’ve opened for job creation, trade and investment, and the many Maryland companies who have signed deals with our Indian partners,” said Gov. Martin O’Malley in a statement.
The mission, consisting of 100 participants — including 43 business officials — and led by O'Malley (D), previously has secured deals for eight Maryland businesses and fostered future opportunities through sister-state agreements signed in Andhra Pradesh and Maharashtra Prithvira, officials have said.
Jasco Nutri Foods is one of the latest results of the trip, with the company planning to open its new facility on a 1,500-acre location. The exact location will be decided in the next two months and the facility could generate as many as 100 jobs, according to a press release from O'Malley's office.
CyberPoint International of Baltimore also has signed a partnership with Appin Security Group of New Delhi to jointly develop new enterprise-level security services for mobile devices. This deal is expected to create jobs for both Baltimore and New Delhi and be worth $10 million, according to the governor's office.
A representative from CyberPoint International could not be reached for comment.
Also, Electro-Media Design on Gaithersburg, which specializes in consulting and design in event technology and acoustics for meeting and entertainment facilities, partnered with ITC Hotels about a week prior to the trade mission to provide contemporary design services for the Indian company. The partnership involves a virtual entertainment venue and business auditorium in Shinai and a high-tech venue in New Delhi, said Jeff Loether, president of Electro-Media.
This also marks Electro-Media's first time doing business with an Indian-based company, although Electro-Media has consulted with many major American-based hotel companies with foreign properties such as Marriott in Bethesda, he said.
"We're very excited and relieved. India's been a bit of a mystery to us so having this opportunity is absolutely a win-win," Loether said. Loether visited India and ITC's management staff during a seven-week trip to the Middle East and India.
Electro-Media might have to double its staff of seven to meet ITC's requirements, Loether said.
The partnership follows Electro-Media's first meeting with ITC at the Hotel Technology Show in 2010 in Anaheim, Calif., and benefits from assistance through the Maryland Department of Business and Economic Development.
“We see win-win opportunities to realize advanced design concepts leveraging the considerable resources of India’s media content creation community even beyond India’s borders. We are grateful for the assistance from Maryland’s Division of International Investment and Trade in developing this opportunity, " Loether said in a statement.
Following the trade show encounter, discussions between ITC and Electro-Media "sort of went quiet," Loether said. But help from the state got them interested again, he said.
Loether has yet to receive any signed agreements from ITC, although the two companies shook hands on the deal Nov. 14, he said.
O'Malley also joined the Federation of Indian Chambers of Commerce and Industry Friday in signing an agreement to create an India-Maryland Center in Maryland, which the federation would operate to boost trade between the regions. The federation also will lead a delegation to Maryland in April to establish partnerships in biotechnology, renewable energy and infrastructure, according to O'Malley's office.
“The signing of the agreement with [the federation] and Maryland will foster greater cooperation between the private sectors of our two regions,” said Rajiv Kumar, secretary general of the federation, in statement.
lrobbins@gazette.net
Source: Gazette.Net: India trade mission bears more fruit for Maryland