India-based Jasco Nutri Foods announces plans for Maryland location, potential for 100 new jobs; Maryland companies Electro-Media Design and CyberPoint International announce joint venturesNEW DELHI, INDIA (December 2, 2011) – Wrapping up a six-day trade mission to India in the Indian capital of New Delhi, Governor Martin O’Malley today addressed the Federation of Indian Chambers of Commerce and Industry (FICCI) – the oldest and largest business organization in India – and joined in the signing of an agreement that would create an India-Maryland Center in Maryland. The Center would be operated by FICCI and seek to boost trade between Maryland and India. FICCI officials also announced that the business organization would lead a delegation to Maryland in April 2012 and focus on establishing partnerships in biotechnology, renewable energy and infrastructure.
“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 Governor O’Malley. “We look forward to moving forward on a Maryland-India Center to increase imports and exports between our two regions, strengthen ties in shared industries like biotechnology and IT, and welcome an Indian delegation to Maryland next year.”
“The signing of the agreement with FICCI and Maryland will foster greater cooperation between the private sectors of our two regions,” said Dr. Rajiv Kumar, Secretary General of FICCI. “FICCI also plans to set up an India Center in Maryland which will be a place for businesses from India and Maryland to interact and offer connectivity and facilitation for networking for joint ventures, tech transfers and co-production across sectors.”
As part of today’s events, Governor O’Malley announced that Jasco Nutri Foods, an India-based manufacturer and exporter of organic food products, plans to invest $10 million in opening a facility on a 1,500 acre location yet to be determined in Maryland. The plans for the location will be finalized over the next two months, but the new facility could generate up to 100 jobs when operational.
CyberPoint International, LLC, a Baltimore-based global provider of cyber security products, solutions, and services, and Appin Security Group, a leading global information security solutions and training provider in New Delhi, announced today they have signed an agreement to jointly develop new enterprise-level security solutions for mobile devices. Building on the collective strengths of their existing products and services, CyberPoint and Appin will collaborate on critical research and development aimed at filling some of the critical enterprise-level security gaps in the commercial mobile marketplace. The deal is expected to create new jobs in both Baltimore and New Delhi, and generate new revenue opportunities valued at $10 million.
And, Electro-Media Design Ltd., a Gaithersburg-based company that specializes in consulting and design services in event technology and acoustics for meeting and entertainment facilities, is partnering with ITC Hotels, one of India’s premier hotel chains, to provide contemporary design services for TC’s conference, event, and entertainments venues for their new properties and existing hotels, supporting ITC’s sustainable and green practices. Electro-Media first connected with ITC at HITEC, or the Hotel Technology Show, in 2010 and subsequent assistance from the Maryland Department of Business and Economic Development helped to establish the partnership.
“We are delighted to partner with and support ITC Hotels in their development of truly world-class event and entertainment venues in their Luxury Collection properties,” said Jeff Loether, President of Electro-Media Design Ltd. “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.”
Where bas he been? Indian businessmen have been here for years (I worked for one). I once asked my (Indian) boss about smart people in India and his response was that all have/had are already over here. Only the "stupid" remained in India.
ReplyDeleteCan they both be right?
Since Maryland is broke, Taxes are constantly raised, Politians stealing Transportation funds for the general budget, would someone explain to me where is this money coming from for this trip for these politians and their cronies? No Politian will respond to my request for answers. MD steals from Transportation Budget like the Feds steal from SSI and have done for years. Conway and the others allow this and cover it up instead of making it public.
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