The Governor of Maryland, Mr Martin O'Malley, today invited Indian companies to invest back home assuring them of local support.

He suggested that the areas of life sciences and biotechnology and IT services, particularly cyber technologies, which Maryland is known for, Indian firms could make it a gateway to service other States in the US.

Addressing industrialists today at a meeting hosted by the Confederation of Indian Industry (CII), the Governor said the bilateral trade between India and the US has topped $49 billion in 2010 and is poised to grow further. The trade between India and Maryland too, is on the upsurge and there is potential to increase this both ways.

Mr Martin O'Malley is touring India along with a large delegation meeting Government representatives and industrialists, encouraging them to invest in Maryland. He said that Maryland was home to some of the top research and regulatory agencies such as US FDA, National Institute of Standards and is rich in talent. He said that Maryland has more than 3,000 businesses managed by Indians employing around 28,000 people and generating revenues of about $1.2 billion.

When one of the participants raised a question about the downside of clinical trails, the Governor felt that this needed to be closely monitored. In the larger interest of finding appropriate drugs, there could be some difficulties.

Mr Jay Galla, Chairman of CII-AP, highlighted Andhra Pradesh strengths and its major share of special economic zones allotted to any State in the country. He said it offers opportunities to collaborate in wide range of sectors, including mineral, life sciences, pharmaceuticals and petrochemicals.

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