Costep is actively promoting new investments for South Texas from India
By Viviana Cervantes
January 23, 2024
Adam González, CEO of Costep, will be part of dialogues with entrepreneurs, industrialists, and authorities, alongside other community leaders and economic development organizations in Texas.
Diverse Opportunities
Costep's work is characterized by globally promoting economic development in South Texas by showcasing the diverse opportunities the region offers, spanning from Laredo to Brownsville in Texas. The region's proximity to Mexico, specifically Northern Nuevo León and Tamaulipas, further enhances its strength.
"The goal of Costep is to promote Texas and Rio South Texas nationally and internationally as a destination for companies looking to relocate or expand to the United States. Our objective in India is to connect with as many companies interested in Texas as their growth destination," mentioned González.
Commercial Partnerships
Costep's participation in India also seeks to strengthen Texas' commercial relationship. Presently, India ranks as the ninth country with the highest Foreign Direct Investment (FDI) in the state. Over the last decade, investments from India to Texas reached $1.4 billion through 59 projects, creating 10,300 jobs.
In 2022, trade between the two recorded $20.4 billion, with Texas exports to India reaching $13.3 billion. This constitutes 28% of Texas exports with India as their primary destination.
The mission, led by Governor Greg Abbott and including the First Lady Cecilia Abbott, Texas Secretary of State Jane Nelson, Adriana Cruz, Executive Director of the Governor's Office of Economic Development and Tourism, Arun Agarwal, Vice President of the Economic Development Corporation in Texas, and Aarón Demerson, President and CEO of the Economic Development Corporation in Texas, will last until January 28.
Economic Development
In addition to Costep, other business organizations participating in the "Namaste India!" business mission include Linda McMahon, Vice President of the Dallas Economic Development Corporation, Heather Lepeska, Deputy Director of the Dallas Economic Development Office, Mike Rosa, Senior Vice President of Economic Development for the Dallas Regional Chamber, Harry Whalen, Director of Economic Development for Frisco.
Also partaking are Sarah Carabias Rush, Director of Economic Development for SATX; Manoj Kutty, Founder and CEO of Greenlight; Sanjeev Khana, Co-founder and President of the GS Dallas Group; Mario Díaz, CEO of the Houston Airport System; and Zeljka Momirovic, Director of International Relations for the Houston Airport System.
International Affairs
Jagdip Ahluwualia, CEO of the Indo-American Chamber of Commerce of Greater Houston; Rajesh Varrier, Executive Vice President and Director of Infosys Americas; Joe Chapa, Vice President of International Affairs for the Irving-Las Colinas Chamber of Commerce; and Diana Velásquez, Vice President of Economic Development for Las Colinas.
Edward Latson, CEO of Opportunity Austin; Corey Rose, Vice President of Global Investment and Innovation at Austin Opportunity; Rubén Garibay, CEO of Select Dedicated Solutions; Neil Bjorkan, Head of Government Relations for Tata Consultancy Services; and Brad Watson, Senior Director of Community Affairs at Vistra Energy.
For more information:
- Name: Council for South Texas Economic Progress
- Website: Costep
- Email: info@costep.org
- Phone: +1 (956) 682-6371
- Address: 801 Bryan Rd #167, Mission, TX 78572, United States