Southern California’s economy will soon get a $70 million economic boost thanks to a delegation of local business and government leaders who recently returned from a trip promoting trade and strengthening economic ties with India, the Daily Breeze rerpots.
“The preliminary outcome of this mission was highly successful, with participating companies reporting more than $70 million in projected export sales,” said Vance Baugham, president of the Los Angeles-Long Beach chapter of the World Trade Center Association.
“We anticipate an attraction of a direct airline flight to LAX in 2009,” said Baugham. “We are also in discussions with a major Indian hotel brand to add a location in Los Angeles County that could bring up to $100 million in Indian investment to the region, with 500 to 600 new jobs,” he added.
The WTCA supports development of international trade and business opportunities for local companies and promotes the L.A. region as a destination for foreign investment.
Baugham was among the 25-member delegation, which included representatives from the cities of Long Beach and Los Angeles, the Port of Long Beach, Los Angeles World Airports, as well as major corporations such as AECOM, Clean Energy, KPMG, Paramount Pictures, Seyfarth Shaw, KPC Group, Oasis, and Cal State Long Beach.
