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Minnesota's India connection
India's middle class is the biggest reason Minnesota wants to expand trade with India. These new consumers -- more than 300 million -- are nearly the equivalent of the total U.S. population.
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Exports to India in 2006: $129 million.
Percentage increase over 2005: 52 percent
India's ranking on Minnesota trade partner list: No. 22 out of 25 last year, up from No. 24 in 2004.
Indian companies invested in Minnesota: Essar Global, Suzlon Energy, TATA Consulting Services, Wipro Technologies, Patni Computer Systems, etc.
Minnesota employment in India: More than 59,000.
Minnesota factories, offices and research labs in India: More than 30.
IBM India: More than 56,000 employees, mostly in Bangalore and New Delhi. Conducts research, consulting, and hardware services for clients. Works in tandem with IBM Rochester.
3M India: About 1,100 employees. Makes tapes, adhesive films, abrasives, anti-corrosives, etc.
Pentair: About 575 workers design and build water treatment components and systems.
Target Corp.: Roughly 1,000 employees run a technology and corporate headquarters in Bangalore. Others work in supply purchasing offices around the country.
Medtronic: About 150 employees specialize in medical research, consulting and product engineering.
Starkey Labs: About 70 workers make hearing aids in New Delhi.
ADC Telecommunications: 20 employees.
General Mills India: Mumbai headquarters.
INDIA AT A GLANCE
Population: 1.1 billion.
Demographics: Trending young. More than half the population is younger than 20.
Gross Domestic Product: $1 trillion.
Growth rate of Gross Domestic Product: 8.5 % a year.
U.S. exports to India: $11 billion in 2006.
Percentage increase from 2005: 26 %
Exports to U.S. in 2006: $21.8 billion.
Percentage increase from 2005: 16 %
Major business centers:
• Mumbai (pop. 16.4 million.) Commercial, financial and entertainment capital.
• New Delhi (12.7 million.) Seat of government.
• Bangalore (5.7 million.) India's equivalent of Silicon Valley.
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